The Indian recruitment industry has been growing at a cumulative rate of 21% year on year for the past four years.’ says Karan Gulati, founder & CEO of CareerMarshal, as he shares his expert views on what it takes to be a success in this industry. The recruitment industry in India today is growing at a fast pace. The core reason for this rapid development includes the coming of FDI into key segments like Retail, Insurance and Aviation. Indian corporate houses are also more dependent on recruitment agencies to procure the best talent, especially for niche sectors and positions.
A simple and easy to use website is the USP of any Recruitment Agency. The look and feel of an agency’s website showcases its unique level of professionalism. Websites that are elegant and easy to navigate usually attract more employers as well as job seekers, which eventually means more business for the agency. Some recent statistics have indicated that Indian recruitment industry is on a growth of 21% on year long basis. And this is not the result of one year, but this consistent statistics is taking place year on year basis. For the past four years or more, this 21% growth shows the major popularity rate of this sector. It is enough to prove the importance of recruitment industry nowadays. Whether it is a big firm or a small enterprise, organizations are completely relying on recruitment firms to come across reliable candidates to fill up vacant posts. And that’s when the magical spell of recruitment firms sprawl into action.
‘The Indian recruitment and placement industry has been rapidly growing at a astounding pace of 21% Y-O-Y for the past 5 years.’ The sole cause for this speedy increase includes the coming of FDI into basic segments like Retail, Insurance and Aviation. The Indian hiring managers and the corporate houses are also largely dependent on recruitment and placement agencies to source and attract the best talent, especially for niche positions in all sectors. It is advisable and much easier to outsource the mandate to professional executive search consultants like Career Placements India.
It is observed that for the past four years the mindset towards the process of attracting and sourcing manpower is significantly changing. There are numerous of openings in the industry and recruiters believe hiring managers in India can capitalize the full of both active and passive job seekers only by portraying the hiring companies’ best image, and also by making on-boarding a stress-free process for both the prospective candidates as well as the firm.
The significant differentiator’s that make a recruitment stand out from its competition is an engaging and an interactive responsive website of the recruitment/placement agency. The websites template’s look and feel should portray its high level of professionalism. Websites that are exquisite and simple to explore, quick to open commonly pull in more traffic of job seekers, which in the long run implies more business for the organization.
Recruitment Agencies have their own websites over here. And those websites are designed to showcase a particular form of professionalism. The ones with easy navigable option and elegant designs are working a long way in getting the high rankings than the rest. It is not just attracting employees but even aspiring candidates to visit the agency and look for their next job change.
“The Indian Staffing Federation has predicted that the 2.1 million temporary workers presently in the organised sector will increase to 2.9 million workers by 2018, making India the third largest market in world” says Adam Pode, Director of International Research at Staffing Industry Analysts. Also , he adds , “The major international staffing firms represented in our list have come to India because they recognize the huge potential of the market.”
The release stated that, ISF has topped the list of India staffing firms occupying the first 5 positions. Top three firms including two home grown firms TeamLease and Quess and Swiss headquartered Adecco together have accounted for 20% of the total market share in India.
Ms. Rituparna Chakraborty, President, Indian Staffing Federation, said, “In India the Staffing Industry clearly does not have a challenge of addressable market and it’s gratifying to witness the rapid growth being shown by each of the organized Staffing Firms to tap into this opportunity on one hand and enabling rapid job creation on the other. Demonetization and implementation of GST in recent times shall definitely be a force multiplier to the growth of Staffing in India.”
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