Job market is looking up in 2010, especially in India. As more and more companies look for measures to cost cutting, more jobs are expected in Asia, India in particular because of the vast experience in service based industry, especially IT industry.

Last year, because of the recession, there were lot of layoffs, probably first time at this scale in India. Lot of dissatisfied employees in the companies are leaving their jobs and looking for new avenues. HR teams trying their level best to retain good talent but looks like the trend will continue for a while. Lot of companies are giving tons of incentives like bonus, mid term market correction etc. because of high attrition. This is especially surprising since there have been talks of double dip recession. Profit of the companies is also dipping because of higher salaries. This may eventually make Indian service industry especially IT industry uncompetitive as difference between US and Indian salaries reduce.

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Social Networking is the Internet's latest darling. And throughout the last year it has been moving quickly into the professional arena of recruiting and staffing. The loudest of these entrants is LinkedIn and Jobster. Jobster was first and loudest but LinkedIn and others are making noise and you can bet there will be many more coming soon, including existing recruitment software and services powerhouses adding this functionality to their offerings.

Networking enables you to:-find high quality prospects who (a) have not applied for one of your openings, (b) are not familiar with your organization and/or (c) may not even be looking for another opportunity;-pre-qualify them or make an initial evaluation of their potential contribution to and fit with your organization; and-pre-sell them or begin a private conversation (away from the meeting or online forum) where you endeavor to convince them that it’s in their best interest to consider joining your organization

While social networking is one of the current mainstream media buzzwords, in the recruitment and staffing space it's all about helping employers to find and better match candidates to open job positions - and build a talent pool. Whether social networking is the answer is yet to be seen.

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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.

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