Hiring in India affected by US economic slow down

clipped from workforce.com Rising inflation and the downturn in the U.S. economy are forcing Indian employers to slow hiring, freeze wages and fire underperformers to maintain profit margins. “Efficiency and output delivery will be the core mantras at play,” said brand consultant Harish Bijoor. The slowdown is tangible, as the number of information technology and business process outsourcing deals dropped to 78 in the first quarter of 2008 from 109 in the first quarter of 2007, according to India-based research firm Value Notes. By the second quarter of 2008, according to Value Notes CEO Arun Jethmalani, the number of deals slid to 58, down from 101 a year earlier.

Sphere: Related Content

Use Multiple Websites for your Job Posting

Source: eGrabber Newsletters

Surveys show that nearly 17% of recruits found their last job from an ad posted on an online job board. Internet resources are clearly effective as a key component of any effective recruitment strategy. Though most recruiters are unanimous in accepting the above fact, they are a bit pessimistic when it comes to increasing their Internet recruiting capability. They restrict their job postings to a handful of familiar sites.

There are more than 45,000 job boards and career portals in the U.S. alone. Successful recruiters are more open to exploring this pool to find sites that might be appropriate for their openings. Expand your sources to include at least 5 different sites for posting job ads. By including alternative sites in your online recruiting, you can widen your net and attract more number of prospects.

Sphere: Related Content

MphasiS reduces hiring plans by 50 per cent.

clipped from www.rediff.com Bengaluru-based IT outsourcing services provider MphasiS, an EDS company, is reducing hiring plans by almost 50 per cent. At the beginning of this financial year, the company had guided the Street that it would recruit around 8,000 people. It now plans to recruit just 4,000. MphasiS has historically been strong in the banking, financial services and insurance space. It derives over 40 per cent of its revenue from this sector. Two of the world's top five brokerage firms are its clients. AIG, which was recently bailed out by the US government, is also one among its customers. Earlier this week, Hewlett-Packard -- which bought IT services company EDS last month -- said it would make 24,600 staff redundant over three years.

Sphere: Related Content

Build your Candidate Pipeline

Source: eGrabber Newsletters

Finding the right candidate, for the right position, at the right time is the key to making you a successful recruiter. One of the ways to ensure that is by building a strong candidate pipeline. There are two strategies to achieve this - passive and active recruiting.

Most recruiters rely heavily on active strategies for building their candidate pipeline. This is done only when the need for manpower arises - job postings, campus visits, career fairs, etc.

A passive strategy on the other hand, is proactive. You look for prospective candidates even when there is no immediate need. You can passively hunt for candidates through

-	careers section on your company website
-	profile page on social networking sites
-	posting articles / blogs, and more...

By following both these methods to build your candidate pipeline, you can ensure that you get the right hires at the right time.

Sphere: Related Content