New Delhi: Post recession the market has opened up in a big way, believes, Iti Kumar, vice president, People Development, GlobalLogic. Iti talks at length about the hiring scenario. What have been the hiring trends post recession?Post recession the market has opened up in a big way, for both IT and non IT sectors, because of many reasons especially for US companies. Though the hiring was slow it never went off and post recession it has gone really high which leaves us with the challenge of attrition as well. How long do you see the hiring trend to stay or is it momentary?The hiring is here to stay, though, not sure for how long but certainly for the next quarter. What do you think are the factors responsible for bringing the buoyancy in the job market in India?Availability of the talent pool and cost effectiveness are two big contributors for the same. During recession there were reports about lot of people from abroad migrating to India for better opportunities which had resulted in a surplus of talented people. What kind of influence do you think it had on the hiring pattern?With globalization, there was never a disparity between people working In India or in US or UK. It was a win-win situation as they were also looking for something more stable and the companies also found some talent pool available in the market. Comparing pre and post recession times, what are the challenges that have been observed in retaining the talent?During the time of recession everybody was holding back themselves because there was a sense of insecurity, but, in the post recession times, it has become employee's market in place of employer's market because now the employees are going in for their personal interests not only in terms of salary but also in terms of career aspirations. What has been done by GlobalLogic in retaining their talent?We need to identify the core and the critical people who are the pillars of the company and instead of being reactive (once they put in their papers or decide to move on or looking for a hike or at a new profile.); the company should remain proactive and look at what is that these people are looking for. GlobalLogic has a specific programme called the ERR (Employee Risk Reduction) under which employees are categorised into Red, Green and Yellow, and it is according to this programme that they take the necessary... |
