Satya D Sinha tells SHAlINI SAKSENA that despite the economic slowdown and focus on planned recruitment and hiring for efficiency, all sectors will see an overall industry rise of 20% spending on recruitment this year
What are the challenges facing the industry to spot the right talentIJ
The Indian economy is going through recession and it has become difficult to scale up core operations. Competition is becoming tough and hiring the right employee involves a good balance of strong recruitment campaign and branding. Hence, companies today face twin challenge of budget constraints and finding the best fit talent.
What are some of the attributes that companies look for while hiringIJ
Some common attributes companies besides educational qualification that companies look for while hiring employees are: Communication and presentation, exposure and experience and stability.
What are some of the areas where the hiring is on the riseIJ
Job growth is occurring across most sectors and the employment outlook for 2014-2015 is encouraging. Sectors like IT/ITES, pharmacy and banking ill witness a rise in hiring.
What are the key points to keep in mind in this economic slowdownIJ
Economic slowdown has once again brought the focus back on planned recruitment effort and hiring for efficiency. Recruitment and other HR functions have gained back their important as talent becomes paramount for success of any organisation.
How is the executive search industry redesigning itselfIJ
Recruitment is mobile and becoming increasingly important. In fact, 70 per cent of job seekers are using their mobile devices to find jobs. You need to make it easy for candidates to read about and apply for jobs on their mobile devices. Statistics show hiring is going to get more expensive in 2014. Companies which have sailed through turbulent economic waters are now keen on making recruitment the core of their company’s policies. It has been a proven fact that good talent is paramount for success of a business and also very complex to find. Hence, this year expect overall industry spend on recruitment to rise by 20 per cent.
With improving economic outlook, sectors like engineering and information technology will start hiring experts aggressively. More focus on innovation and research would also influence the demand for technical experts.
Data Driven evaluation- Big data will become indispensable in hiring new employees and tracking employees’ performance. Organisations will begin to learn how to cut through the shine and spin of a candidate’s career and performances over the years. Also recruitment outsourcing is now all about hiring a domain expert who can help you find the right fit in the most efficient manner. Companies have started looking for experts as recruiters who have through knowledge and extensive hiring exposure in a particular domain.
About 41 per cent of Indian workforce is moving towards retirement. What is the implication of thisIJ
It clearly implies that Indian would need more capable workforce to fill up the experience gap create due to expected ageing of workforce.
Why is it that companies are hiring young CEOsIJ
According to data compiled recently by us, nearly 10 per cent of CEOs in India today are below 40 years of age. Greater risk taking appetite and innovative thinking can be the reasons behind this trend.
What happens to the professionals who are above 40 but have still a lot to contributeIJ
Industry is opening up to the idea of “no age barrier”. If the person has the skill and zeal to work, age is not a constraint.
What advise for professionals starting their careerIJ
Innovative approach and consistent hard work is the key to success in the Indian corporate world. If you can give your skills a push with hard work, there can be no looking back.