TJ InSite finds that recruitment in the major metros of the country is once again on the
upswing
TJ InSite, the Research Wing of TimesJobs.com, India’s leading job portal, promoted by
the Times Group, conducted a survey that captured the hiring sentiment amongst
companies in India recently. The recruitment outlook amongst employers in the nerve
centers of Delhi, Mumbai & Bangalore is once again on the upswing as employers plan
to increase hiring in the next quarter, as reported by 42% of the employers in Delhi,
44% in Mumbai and 24% in Bangalore.
Commenting on this result, Mr. Vivek Madhukar, VP, TimesJobs.com said, “The positive
hiring outlook of Employers in India is not unfounded, the Q-on-Q growth that India Inc.
has witnessed both in terms of revenues & profits, and the continuation of government
stability, policies & commitments, have brought a more optimistic business forecast for
organisations.”
ITeS industry veteran Ms. Shailaja Puranik, Country Director & COO, Hays Business
Solutions, remarked, “ Hiring has started across all levels in the last three months, across
the ITeS & BPO industry, though at half the pre-September 2008 levels. However, the
major change now is that the hiring is happening for the core groups of business and not
for support functions. Hiring is taking place in new areas or where outliers have been
weeded out. Salaries have remained at earlier levels.”
“Just in Time (JIT) hiring has begun in a small way,” said Mr. Ravishankar B, Senior
Vice-President, Human Resources, HCL Technologies, as the company is scouting for
niche skills in the experience range of three plus years. “Today there are definite signs of
hiring. While specialized or JIT hiring is happening and people with niche skills and
some experience are being sought, we are also entertaining walk-ins and have been
calling for interviews. It is still too premature to comment whether this is a spike or a
regular trend. I think we have to wait for two to three months to make such a comment.”
According to the study Delhi appears to be the most bullish with 81% of employers
surveyed recruiting to Ramp Up for Growth over the next year. A majority of Mumbai
corporates (57%) are also hiring to grow their businesses.
India’s Silicon Valley – Bangalore, seems to be returning to reality, after a knee-jerk
In terms of Experience Levels, for the Senior Managerial Grade, which forms the top of
the corporate pyramid 9% of Corporates in Delhi, and 6% of Corporates in Mumbai, are
looking for qualified people. The demand from Bangalore for this grade, however, is
negligible.
The demand for Managers, with 3 to 8 years of Experience in Delhi is at 22%, Mumbai at
36% and Bangalore recruiting 21% of their total recruitment demand from this grade.
The demand for Executives with 1 to 3 years of experience have requirements from Delhi
arriving at 52%; Mumbai at 39%; and 55% in Bangalore of total demand. This is closely
followed by Freshers with 0 to 1 years of experience, constituting 17% of the demand in
Delhi, 19% in Mumbai and 24% in Bangalore.
Of the Corporate Respondents from the IT Industry, 7% in Delhi, 16% in Mumbai and
12% in Bangalore, were planning to increase hiring and headcount over the year.
What is hearting to note, is this trend on employment. The TJ InSite Survey has shown
that the major drivers of recent growth and employment in India, namely, the Sales and
Marketing, IT, ITeS & BPO, BFSI, Engineering sectors have not just initiated
replacemen
Article: No fears of job losses in BPO: Nasscom,
BPIAI.
Article from:
PTI - The Press Trust of India Ltd. Article date: December 10, 2008
New Delhi, Dec 10 (PTI) In a volte face on its assessment on job losses in BPO
sector due to global slowdown, BPO Association of India today said the
outlook was positive and the sector would employ more people despite
problems in the US and other developed economies.
"Future of Indian BPO industry is safe. The sector has no plans for job cuts. In
fact, the BPOs require more people to scale up their operations from multiple
locations and to meet delivery requirements of new businesses.
"Therefore, the sector will continue to contribute nearly 2.5 per cent to India's
GDP. There is no need to panic as
BPO News
Advantages of BPO
An important aspect of business process outsourcing is its ability to free corporate executives from some of their
day-to-day process management responsibilities. Once a process is successfully outsourced, they get more time
to, explore new revenue streams, accelerate other projects, and focus on their customers.
By outsourcing their back office operations to third world countries, companies have the following advantages:
• Achieve cost reductions – this is made possible through process improvements, reengineering, and use
of technologies that reduce and bring administrative and other costs under control.
• Key in on company's main business – with the day-to-day back office operations taken care of, the
management is free to impart more time to building the company's core businesses
• Obtain outside expertise – Rather than recruiting and training personnel, BPO ensures that domain
experts from another company provide the needed guidance and skills.
• Meet constantly changing customer demands – many BPO vendors provide the management with
flexible and scalable services to meet the customers’ changing requirements, and to support company
acquisitions, consolidations, and joint ventures
Achieving revenue increases – by outsourcing non-core processes, companies can focus on increasing their
sales and marketshare, develop new products, expand into new markets, and enhance customer service and
satisfactions
FRIDAY, JANUARY 23, 2009
Economic recession has hit the world with vengeance. But the industry which
has thrived this adversity is the BPO industry. When costs of doing work in-
house has increased in the companies abroad, they have started to outsource
their business requirements, which in turn has become a blessing in disguise to
us.
The global economic scenario goes haywire now-a-days. People frantically talk about economic
recession with a ‘what-will-be-my-future’ sort of look in their anxiety-filled eyes.
Even Nasscom, the industry association, points out that the current fiscal crisis in the United
States will adversely affect the Indian BPO/IT sectors as the clients from USA would be very
vigilant in their unrestricted spending on outsourcing their projects.
The revenue generated by the BPO & KPO industry in India is estimated to Rs.1,160 crores and
provides employment to almost 7-8 lakh people in the year 2007-08. The largest contributor to the
Indian BPO-KPO export market in 2007 is USA with a lion’s share of around 61%.
posted by Manoj Jain @ 9:01 PM 0 comments
The list of all-in-one accounting services outsourcing providers may contain only a few names,
but since such services are still readily available, businesses need not worry too much. In a way,
it can actually work to their advantage because the less the number of providers, the less will be
the effort businesses will have to make in order to select the right accounting services
outsourcing provider. Finding the right accounting services outsourcing provider will further
eliminate any worries that businesses might be having about placing all of their eggs in the same
basket. Achieving desired results such as cost savings and efficiency and accuracy
improvements will also become a lot easier then.