As we all know 2007 was the year of Indian companies going global, skyrocketing pay packages and countless job opportunities, the coming year promises to take these developments to the next level.
Temporary staffing , leadership development, compensation management and healthcare benefits will be the key word in the 2008. Temporary staffing is finally catching up in India.In this ,worker's with an organisation will be on a third-party (staffing company) payroll. many large Indian organisations are now hiring a part of their workforce from employee leasing firms. The reason is not too difficult to guess—as organisations focus on their core business strengths in a highly competitive environment, the non-core functions are outsourced. In a recruitment market where the concept of full-time employment is increasingly becoming a thing of the past, temporary staffing is emerging as the viable option.
Leadership development, aligning and integrating people’s performance with business goals, management of intellectual capital and compensation management are some other buzz words which will require attention of HR managers in the coming years.
As we all know effective leadership leads to greater engagement, which leads to better business outcomes. Another important thing is that a company must identify promising leaders as early as possible in order to place them in a position to advance. Without this foresight, many companies could find themselves without motivated people who have been groomed to lead.
HR experts say that except manufacturing, nearly all other sectors can be noticed hire robustly. “Sectors like IT, retail, telecom, real estate, infrastructure and media are all going to hire in a big way.
With advancement of technology and globalization there is a shotage of skilled labour which have resulted in large scale changes in recruitment practices.Many organisations have moved to outsourcing all of their non-core activities. P.E.O.’s(professional employment organisations) have emerged to manage multiple employee groups for companies outsourcing the human resource function. All employees from unskilled positions through to the CEO can, and are, outsourced.
Recruitment Process Outsourcing (RPO) is steadily gearing up for a new role. RPO play a major role to bridge this gap between demand and supplyof jobs. In India, the sector is currently at its infancy stage.
RPO is primarily being practiced in two models - one is pure sourcing and providing support services to on-shore based recruiters to enhance their productivity and effectiveness. Second one- is a full cycle recruiting from sourcing, screening and on-boarding for both temporary contract as well as permanent positions. This is to reduce the overall cost of recruiting process and to improve competence at the same time.
So RPO takes care of the entire recruitment process and saves time and cost of companies, its a welcome move.
Hi,
Welcome to the site! In this website, I will try to update you about the upcoming trends in Human Resource Management. There will be posts about the various functions and careers prospects in this field.
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