"Precision Recruitment"- Path to recruitment future?

Plato, the Greek philosopher and mathematician had said "No two persons are born alike but each differs from the other in individual endowments, one being suited for one thing and another for another, and all things will be provided in superior quality and quantity and with greatest ease, when each man works at a single occupation, in accordance with his natural gifts.”

There was a time when you studied to be a doctor or an engineer, or an IAS officer, otherwise you have already failed in life. Times are better today, with youngsters having multiple options, research in various fields gaining popularity and sanction, out of the way professions are becoming careers- fashion designing, photography, modelling, print/ web based jobs, even BPO... one can aspire to be anything. Yet thousands and thousands of people still go in for the education or job due to parental or peer pressure and end up unhappy in their careers, dont have a career at all or remain unproductive citizens and individuals most of their lives.

Here is a solution as thought out by Envision Talent Management and the Oxford Group of Institutions in Bangalore, the first of its kind in India.

They will use scientific tools to calibrate each student’s potential and then map it to opportunities available. This will ensure quality recruitment for companies, increasing people performance and lowering attrition.

It will align:

• Natural talents that each person is born with
• Acquired abilities that have accrued through formal and non-formal education
• Aspirational attributes that each person desires

The initiative is being launched on 15 November 2010 through a seminar on ‘Corporate Challenges in Employability Skills’ which will have companies and management consulting firms addressing the heads of institutions and students on attitudes, knowledge and skills required to succeed in the modern competitive environment.

Plenty of new jobs and boom sees attrition rates rise

Six sectors are expected to create 2.3 lakh jobs in India in the last three months of 2010, according to global consultancy Ernst and Young. The six sectors are healthcare, real estate, IT/ITeS, education & training, manufacturing and Banking, Financial Services and Insurance (BFSI). Among them, healthcare industry alone is projected to generate 60,000 jobs in fourth quarter of 2010. Real estate and IT/ITes sector, each are expected to create 50,000 jobs. Education & training industry is projected to generate 30,000 jobs. Manufacturing and BFSI sectors would each be churning out 20,000 jobs in the 2010 fourth quarter, E&Y said.

India's booming service sector market is facing attrition rates of 35 percent as workers switch jobs for fatter pay packets, a survey said Saturday. The figures were the latest sign of a pick-up in India's job market from last year's levels, when the economy was still feeling the effects of the global financial crisis.
Those switching jobs at senior level received average raises of 25-30 percent from new employers, the survey conducted by India's Associated Chambers of Commerce and Industry said. The pay hike was 10 to 15 percent for less experienced employees with two to four years' experience, said the survey, which polled 134 human resource heads. India's fast-growing financial services sector saw the biggest attrition rate in the first six months of the year, followed by the information technology sector with 24 percent turnover.

On the other hand, in Education, IIM Lucknow will admit fewer engineering graduates this year, and give more weightage to non engineering students like in medicine, arts, journalism, law, commerce, dentistry and pharmacy. Also SKIL Infrastructure, which recently forayed into the education sector in partnership with University of Strathclyde Business School, will open the Scottish varsity's campus in Noida. This would be the first campus of the university in India and on the cards are Mumbai and Chennai campuses soon. The Noida campus would be functional in September 2011 and more than 1,200 students are expected to join the school. The recruitment process for the academic staff would begin next month. SKIL Group CEO is J P Rai.

Movements in the week

Messe Frankfurt Trade Fairs India Pvt Ltd announced  the appointment of Mr Raj Manek as Managing Director of Messe Frankfurt Trade Fairs India Pvt Ltd. He succeeds Ms Shammi Nagpal who held the positions of Managing Director, Messe Frankfurt Trade Fairs India Pvt Ltd and Regional Director, Asia Pacific, Messe Frankfurt Asia Holding Ltd. Mr Manek is a seasoned exhibition industry executive, he has more than 17 years experience covering Asia and Europe including Russia and the Commonwealth of Independent States. He began his career with P&O Exhibitions which owned London’s Earls Court and Olympia exhibition venues. From 1995 to 1997, he was Finance Manager with Reed Exhibition Companies before joining the ITE Group Plc as Group Operation Finance Director from 1997 to 2001. Before joining Messe Frankfurt in 2009, Mr Manek was Chief Operating Officer for Expomedia Group Plc in India.

Mumbai-based biotechnologist Dr Nimita Limaye has become the first Asian and first woman to be elected global head of the Society of Clinical Data Management based in the United States. At 43, she is also among the youngest to be chosen for the post. SCDM is a global body that plays a key role in providing thought leadership in health care and sets global standards and best practices for managing data pertaining to clinical trials, which are needed to prove the efficacy and safety of every new drug and significant biotechnology product. Over 100 pharmaceutical companies, including Fortune 100 companies such as Pfizer and Merck, are currently outsourcing clinical trials in India. Major players like Siro, where Dr Limaye is vice-president, Cognizant, Wipro, TCS, Mahindra Tech-Satyam, Quintiles, Accenture, IBM, and Intel are part of the Indian clinical data management scene.