The Industry of HR in India
Persons Matters March 2011
Ester Martinez, Gautam Ghosh, Rajlakshmi Saikia
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The People Things HR Market Matrix
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How big the Market and Select Players
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The Players вЂ“ contd.
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вЂў Players: the top four, specialised HR consulting MNCs SME four
local players and specific freelancers.
вЂў Services Offerings:
Human being capital management;
Health and benefits, including retiral strategy and administration; People angle of transformation, mergers and acquisitions;
Feedback and communication (designing and employing
вЂ“ Data services (salary, rewards benchmarking, job description)
вЂў Service plans currently are definitely more than 50 percent of bigger firms' y
вЂў Scope for foreseeable future growth вЂ“ integrated skill management and leadership advancement
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Recruiting & Staffing
Players: search, collection and placement companies, task portals, temporary staffing, RPOs, y
, j p
relocation businesses, testing and assessment equipment, applicant checking technologies, backdrop verification services
Senior level (CXO level) hiring -- retained. dominated by the multinational companies which will position themselves as talking to firms. Employing at this level foresees a wholesome and pleasant trend, because the market pertaining to talent becomes global and since many businesses acquire domain focus Central management selecting вЂ“ dependant - clients pay only if the candidates sign up for their firm. This space is also completely outclassed by MNCs along with a large Of india players. Entry level selection & placement companies - has its own small players that are experts in a location or industry. Loan consolidation will increase since firms take a look at managing low margin business through amounts.
Middle and lower employing has the biggest growth chances as more organization take a look at reducing price and вЂtime-to- hire' by means of RPO.
J n it as well as portals. Saint
t t Strong competition and charges pressures i actually thi space as difference titi
d i we
ti ti is definitely
based much less on product offering plus more on establishing scale & brand prominence.
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Learning & Development
вЂў Data within the size of this segment in India is not readily accessible
вЂў High number of players
вЂў Support offerings вЂ“
Behavioral and management training
B-Schools offering exec level training
вЂў Technology allowed learning will reach good sized quantities and y
will be personalized.
вЂў Will witness quickly growth, because companies begin to look at
teaching as a great investment to improve efficiency.
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вЂў Includes all technology service providers via end-to-end HRMS gy
products, to niche products for recruitment or salaries management or e-learning, to workforce stats tools.
вЂў This market is moving rapidly resulting from demand for built-in support alternatives by American indian firms.
вЂў Indian organizations (SMEs and large organizations) reflection global companies in the way HR technology procurement is led by HR and supported by the internal technology team.
вЂў The IT team bank checks and validates issues like security, overall performance, disaster restoration while HUMAN RESOURCES assesses the functional capacity.
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HR Outsourcing techniques
вЂў Process-driven outsourcing...