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HR and hiring trends are not great now in India, and are expected to improve only in H2 of 2014 - says CEO of HR Services firm in Chennai. But the slowdown in hiring is serving as an avenue to look at other internal robust EE practices, he added.
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Hiring in India to pick up only in H2/2014, says CEO of HR Services firm
Chennai – 16th December 2014: Mr D Venkat, CEO of Strides HR consulting, stated today that the prospects of hiring across industries look relatively subdued in the 1st half of 2014.
Speaking here, on the slowdown in general hiring and other HR trends in the country, Mr Venkat said
“The uncertainty in the overall governance and slowdown in growth across industry sectors has not gone down well with the hiring managers and HR leaders in many medium and large organizations. There is practically no hiring in the banking, manufacturing and automotive sectors, except for any critical replacement in case of someone at the middle/senior level leaving”.
“Even in the case of need, most hiring and HR leaders looking at promoting someone from within the company, or move someone laterally, mostly – showcasing that as an added responsibility. This, apart from saving time and resources also helps career-pathing for the internal talent pool”, he added.
“The political uncertainty in the run up to the next general elections, and also the erosion of trust in public office is contributing to an overall slowdown, besides off course the lessened spending by the consumers, unless essential. We can expect the hiring trends to resume once the elections are over in mid-2014.Until then, it is also better that people in senior roles stick on to where they are”, he added.
About Strides HR Consulting
Strides HR consulting is a Chennai headquartered recruitment and HR services firm. With an array of clients in the HR consulting and leadership hiring domain, Strides is a trend setter in what is known as blue-ocean hirning, by intelligent use of social platforms and the cloud. Its clients are in the industrial, pharma/health-care, BFSI and IT services industry across India.
About The PR Workshop
The PR Workshop is a full service public relations & social communication company. They work with clients in India and abroad, offering a bouquet of communications and crisis management solutions. SME and mid-sized company targeted PR is a forte of the firm.
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