Discover India:
     A Global Talent Hub
Discover India: A Global Talent Hub




• India - Economic Overview

• India – The Demographics

• Key Challenges for Sear...
Discover India: A Global Talent Hub

     Economic Overview


- 5,000 year old ancient civilization
325 languages spoken –...
Discover India: A Global Talent Hub

                                 Economy Surging ahead


Economy on course for growth...
Discover India: A Global Talent Hub




 Indian Economy poised for sustained growth of 8% over the next 10 years ; GDP gro...
Discover India: A Global Talent Hub
 The Demographics: India and the Global Talent Pool - A Comparison
                   ...
Discover India: A Global Talent Hub


                   India - Demographic advantage




• Largest youth population (One...
Discover India: A Global Talent Hub


                                                   Future Demographics - 2020

     ...
Discover India: A Global Talent Hub


                                                  This results in …

Potential surpl...
Discover India: A Global Talent Hub


                                Leading to… Destination India ?

                   ...
Discover India: A Global Talent Hub


                    Key Challenges… Bridging Cultural Gaps


- Indians are more alig...
Discover India: A Global Talent Hub


                   A few trends in Executive Search
Booming Indian economy
   Leadin...
Discover India: A Global Talent Hub


              Hiring challenge that Search Firms & Cos. face


- High Growth Model, ...
Discover India: A Global Talent Hub

                         The Changing Environment
                                   ...
Discover India: A Global Talent Hub


                               Psst……Indians in the USA.

                          ...
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NPA - Discover India

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Presentation for fellow recruiters about Hiring Options in India

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NPA - Discover India

  1. 1. Discover India: A Global Talent Hub
  2. 2. Discover India: A Global Talent Hub • India - Economic Overview • India – The Demographics • Key Challenges for Search Firms • Conclusion
  3. 3. Discover India: A Global Talent Hub Economic Overview - 5,000 year old ancient civilization 325 languages spoken – 1,652 dialects 18 official languages - 29 states, 5 union territories 3.28 million sq. kilometers - Area 7,516 kilometers - Coastline 1.3 Billion population. - 5600 dailies, 15000 weeklies and 20000 periodicals in 21 languages with a combined circulation of 142 million. - GDP $576 Billion. (GDP rate 8%) - Parliamentary form of Government Worlds largest democracy. Worlds 4th largest economy. - Largest English speaking nation in the world. 3rd largest standing army force, over 1.5Million strong.
  4. 4. Discover India: A Global Talent Hub Economy Surging ahead Economy on course for growth of 8.7% Fastest growth in 18 years A consumption-driven boom New emerging middle class, IT/BPO spillover ITES growth in 2007/08 of 31% Wage gains fuelling buoyant demand Spending rather than saving And borrowing heavily Trade, hotels, transport, comms: up 12% (from 10.4%) Manufacturing up 11.9% (from 9.1%) Banking, insurance, business services: up 13.9% (from 10.9%)
  5. 5. Discover India: A Global Talent Hub Indian Economy poised for sustained growth of 8% over the next 10 years ; GDP growth pegged at 8% 50% of India’s population is under 25 years of age and 80% under 45 years Increasing urbanization has led to changing consumption and spending patterns 4India, the third most attractive Foreign Direct Investment destination, next to China and US Strong emphasis on English as the means of education, with a specialist thrust on science and mathematics One million new English speaking graduates pass out every year High quality technical skills driving India towards becoming the global R&D hub More than 120 MNCs have already set up R&D labs in the country India increasingly being recognized as a low-cost production base - outsourcing of manufactured goods is the new trend
  6. 6. Discover India: A Global Talent Hub The Demographics: India and the Global Talent Pool - A Comparison Low Medium High India Israel Russia Ireland Canada China Philippines Government Support Labour Pool Infrastructure Educational System Cost Advantage Quality Cultural Compatibility English Proficiency Overall Climate Source: Gartner Research 1/7/2008 Cost, Quality & Language advantages
  7. 7. Discover India: A Global Talent Hub India - Demographic advantage • Largest youth population (One quarter of the world’s youth lives in India) • Growing literacy rate. • Large pool of professionals and technocrats • Largest pool of English speaking manpower after US India Demographics assure increasing domestic demand Set to become service provider to the world
  8. 8. Discover India: A Global Talent Hub Future Demographics - 2020 India Demographic China Demographic France Demographic Profile (2020) Profile (2020) Profile (2025) Age group Age group Age group 80+ 80+ 80+ 75-79 75-79 75-79 70-74 70-74 70-74 65-69 65-69 65-69 60-64 60-64 60-64 55-59 55-59 55-59 50-54 50-54 50-54 45-49 45-49 45-49 40-44 40-44 40-44 35-39 35-39 35-39 30-34 30-34 30-34 25-29 25-29 25-29 20-24 20-24 20-24 15-19 15-19 15-19 10-14 10-14 10-14 5-9 5-9 5-9 0-4 0-4 0-4 -60 -40 -20 0 20 40 60 -60 -40 -20 0 20 40 60 -3 -2 -1 0 1 2 3 60 40 20 60 40 20 3 2 1 Mn people Mn people Mn people 20 - 35 age group : 20 - 35 age group : 20 - 35 age group : 325 mn people (~25 %) 308 mn people (~21 %) 11 mn people (~17 %) Source: CII Conference 2002; CSFB Report; UN Population Division; BCG Analysis Female Male 25 % of total population is in the peak Working Age
  9. 9. Discover India: A Global Talent Hub This results in … Potential surplus population in working age group (2020) -3 Mn Germany UK -2 Mn Czech Russia 0Mn Republic -6 -1 Ireland Mn Turkey Mn Iraq 2Mn -17Mn France -3 Mn China -10 US 2Mn Israel -9 Mn Japan Iran Pakistan Mn Spain -3 Mn 0Mn 5Mn -2 Mn 19 3Mn Mn 7 Philippines Italy Mn 5Mn 4Mn 47 Bangladesh Mn Mexico Egypt India 4Mn Vietnam 1Mn Malaysia 3Mn 5Mn Indonesia Brazil -0.5 Mn Australia Source : Hewitt 2006 Study India likely to have a 47 Mn Working population Surplus
  10. 10. Discover India: A Global Talent Hub Leading to… Destination India ? India has among the India is among the highest returns on three most attractive foreign investment FDI destinations in the world US Department of Commerce A T Kearney FDI Confidence Index 2005 By 2032, India will be among the three largest economies in the world BRIC Report by Goldman Sachs, October 2003 “India is a developed country as far as “We came to India for the intellectual capital is costs, stayed for the quality concerned.” and are now investing for innovation.” Jack Welch General Electric Dan Scheinman, Cisco System Inc. Business Week, August 2005
  11. 11. Discover India: A Global Talent Hub Key Challenges… Bridging Cultural Gaps - Indians are more aligned to western styles of management - “command and control” is not very effective - Life term employment is no longer seen as desirable, or in the best interest of the Executive - India is a very diverse and heterogeneous country - there is no one right answer - Designation, Titles and career Promotions very important for Indian Managers - Indians pay greater regard to intellectual ability rather than craftsmanship- Technical staff is typically paid lower than Managerial talent - Indians tend to over-commit and have difficulty in saying “No” - need to have a monitoring and review mechanism in place Understanding Cultural issues is critical for Success
  12. 12. Discover India: A Global Talent Hub A few trends in Executive Search Booming Indian economy Leading to phenomenal growth of Executive Search firms in India Clients are looking for trusted business advisors Search firms need to transform themselves Global shortage of right talent - companies need specialist who help them hire….. Increasing Indian Companies are setting up businesses overseas……. Indian talent gaining recognition in the Global Landscape….foreigners looking jobs in India, New MNCs Coming in. Recruitment Industry in India is estimated at around over 2 Billion Dollars (Source: Service Tax Collections) Increased competition at higher end of the market More international search firms setting up shop in India…. Second round of consolidation expected…. MNCs acquiring local firms to get a toe hold in the “ Hot” Indian Market. Indian Executive Search Industry is at a Crossroad
  13. 13. Discover India: A Global Talent Hub Hiring challenge that Search Firms & Cos. face - High Growth Model, Sourcing mix is different - Entry Hiring 10 – 40% - Contingency workforce not popular - Experienced Hiring – Cost Impact is controlled (Direct Hiring – 35%, Employee referral – 35%) - Leadership Hiring – Potential for Expats/ Returning Indians very high as companies go global Hiring challenges have a different texture in India
  14. 14. Discover India: A Global Talent Hub The Changing Environment Conclusions … - Indian economy is growing fast. Presents a variety of opportunities. - India presents itself as both a source & destination for Talent. - Indian Corporates are also looking to expanding across continents. - Collaboration among NPA Members could be the value add !! Its going to be an exciting ride … Are you game ?
  15. 15. Discover India: A Global Talent Hub Psst……Indians in the USA. Statistics shows: 38% of doctors in the USA, 12% of scientists in the USA, 36% of NASA scientists, 34% of Microsoft employees, 28% of IBM employees, 17% of INTEL scientists, 13% of XEROX employees, … are Indians. US H1-B Visa applicants country of origin 1.India 44% Of the 1.5M Indians living in the USA, 1/5th of them live in the Silicon Valley. 2.China 9% 3. Britain 5% 4. Philippines 3% 35% of Silicon Valley start-ups are by Indians. 5. Canada 3% 6.Taiwan 2% Indian students are the largest in number among foreign students in USA. 7. Japan 2% 8. Germany 2% 9. Pakistan 2% 10. France 2%
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