Hiring: Many organizations outside India are looking for such talent who can work in India or outside.
Pixabay- Due to the demand-supply gap, the salary gap in the foreign market and India is continuously decreasing.
Hiring: There is a great demand for Indian talent in foreign companies. Job recruitment is not limited to IT only. Recruitment is going on in non-IT sectors like digital marketing, content, design, accounting, administrative, project management, supply chain and even manufacturing. The reason for this is skill as well as proficiency in English language.
Biggest demand from Middle East
Rituparna Chakraborty, EVP and Co-Founder, TeamLease Services, said, “The biggest demand is coming from the Middle East. Some inquiries are also from UK and Europe. On the other hand, Shekhar Garissa, CEO of Quest Company, Monster.com, said, “Hiring on a global scale has become location-agnostic.
Location-agnostic means working from your preferred location. Many organizations outside India are looking for such talent who can work in India or outside.
Salary gap in foreign market and India is decreasing continuously
Due to the demand-supply gap, the salary gap in the foreign market and India is continuously narrowing. Sanjay Shetty, Head (Research and Selection), Randstand India, said, “There is a 30-40% difference in the salary of top talent in India and abroad.
This gap has been continuously narrowing for 10-15 years. This trend has accelerated in the last 5 years. Looking at the current trend, Shetty believes that ‘cross-border recruitment for any professional recruitment firm could increase by 10% in the next 2-3 years. At present, it contributes 2-3%.
Role Hiring of Recruitment Companies
Shetty said that some organizations in countries like Portugal, Spain, Bulgaria, Belgium and Singapore, which are not yet operating in India, are hiring people on the role of Randstad.
Shetty said, “As a staffing company, we are using our hire-and-deploy model till companies set up their permanent offices in India. Earlier we used to keep only junior level talent on our payroll, but now we are doing the same for senior executives as well.
read this also