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The recruitment industry in India
is a multi billion-dollar industry. There are
huge job opportunities available not just for
Indians but for foreign nationals who wish to
work in India. In spite of a large talent pool
coming out of colleges each year, there is a shortfall
of talent. There are 3000 engineering colleges
from which 5,50,000 engineering graduates pass
out each year apart from 60,000 MBA's that also
pass out. But only 25% of fresh engineers and
a mere 10% of fresh graduates are readily employable
as per a NASSCOM report.
According to a report by the Associated Chambers
of Commerce & Industry (Assocham), the Indian
economy will create 87.37 million new jobs by
2015. The study was released in March by the secretary
of the Planning Commission. According to Assocham's
survey, the most significant growth will come
from the manufacturing sector, which will add
32% (27.88 million) of the new jobs. Trade will
be next with 24.24 million jobs, following construction
with 15.13 million. Tourism-related employment,
information technology (IT) and IT-enabled services
(ITeS), and financial services will also grow.
The weak spot is agriculture, which will be stagnant.
With so many jobs, India is attracting many foreigners
to its shores. After middle and senior level foreigners
making it to India it is now the turn of professionals
who are at the beginning of their career to flock
to the country, as the work environment throws
them a huge challenge, both professional as well
as personal. According to rough estimates, around
40,000 expatriates are believed to be working
in India, that is just about a fraction of 100,000
foreigners working in China, Singapore and Hong
Kong. As the Western economies continue to remain
in deep freeze, more and more foreigners, mostly
from the US and Europe are looking at India for
jobs, a trend that has seen up to 20% spurt this
year, according to head-hunters.
Exposure to a fast growing business economy is
probably the biggest incentive and reason that
young professionals are increasingly taking up
jobs in Indian industry. Foreigners come to India
from South East Asia, Eastern Europe, and Continental
Europe and America among other countries. The
work experience in India is adding a lot of value
to their resumes. The IT and ITeS sector has always
been at the forefront of acquiring talent from
outside. But now this trend has shift to other
sectors too. Sectors such as retail, hospitality,
manufacturing, analytics, infrastructure, pharma
among others are catching up say the job consultants
in India. The Indian magic continues to enchant.
Some global companies have their largest centers
in our country on one hand, while on the other,
many local organizations are also going global.
So, expat hiring is becoming the need of the hour,
where foreigners from various parts of the globe
are taking up multiple roles and are recruited
as experts in sectors like infrastructure, healthcare,
power and energy, oil and gas and automotive,"
A look at the quantum of resumes uploaded by foreign
nationals on Indian job portals like naukri.com,
timesjobs.com etc is itself a proof of the huge
interest and demand for jobs in India. According
to its internal survey, Monster India found that
its NRI job seeker traffic had suddenly risen
by 65% in 2010 and that it had received around
250,000 such resumes in areas ranging from information
technology, banking and finance, construction
and oil and gas sectors, during this period. This
led Monster to launch its new platform that could
engage both employers, who are open to hiring
workers from outside India and NRI job seekers
who are looking to come back home to India. The
website link to this site is:
http://jobsearch.monsterindia.com/return2origin/index.html
For a foreigner to find a job, he / she must be
aware of the various channels through which Indian
companies prefer to hire.
As per a recent study, recruitment firms handle
almost 1/3rd of the manpower requirements in the
private sector as illustrated in the graph below.
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Executive Recruiters Association
(ERA)
is the voice of the Indian Recruiting Fraternity
and comprises of member firms that typically handle
hiring at the middle and senior management levels.
In order to reach out to its member firms in the
quest for the perfect job, you may visit the link.
The members are listed chapter wise along with
details of their areas of specialization, the
background of their promoters and their contact
details.
A potential candidate should approach the relevant
recruitment firm individually and talk to the
concerned person before mailing their resume.
Mass mailing their resumes to all the firms listed
here should be avoided at all costs since it will
then be treated as spam.
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