1. Changing Talent Landscape in India
Think Talent Roundtable Series
25 November 2011
Gurgaon
Think Talent Services Pvt Ltd
Sole India Licensee NEWS® Coaching
2. Contents
1 Talent Landscape: India (Macro Trends)
2 Workforce Overview
3 Talent challenge in India
4 Key trends associated with the emerging talent pool
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3. Why these roundtable sessions?
• To disseminate ideas that will help to address and synthesize
critical issues in the areas of leadership development
-specifically applicable and relevant to the Indian context
• Create a platform to bring together a group of like- minded
and progressive corporate practitioners on a regular basis and
learn from their perspectives
-as well share it with the larger corporate fraternity
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4. India Talent Requirements – Macro Trends
Indian economy has recovered quickly from the Global economic crisis and is
expected to develop at 8.2 percent in 2011-12
India’s GDP is projected to continue to grow at a brisk pace of 8.8 per cent in 2011-12
Agriculture grew at 6.6 percent in 2010-11. Likely to nurture at 3.0 percent in 2011-12
Industry grew at 7.9 percent in 2010-11. Likely to nurture at 7.1 percent in 2011-12
Services grew at 9.4 percent in 2010-11. Likely to nurture at 10.0 percent in 2011-12.
The rapid expansion of the industry is expected to produce a large demand for
trained manpower, especially given that many of the expanding sectors are labor-
intensive
Source : http://www.ibef.org/india/economy/economyoverview.aspx
Source : India’s Economic advisory council (Outlook for the year 2011-12)
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5. Growth Rate in India and Other Emerging
Economies
20.0
15.0
10.0
2005
Growth Rate
2006
5.0 2007
2008
2009
0.0 2010
India China Brazil Russian Indonesia South Africa OECD
Federation
-5.0
-10.0
Countries
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6. Services Sector –Driver of Indian Economy
Services
Industry %Labour Force
%Contribution to GDP
Agriculture
0 10 20 30 40 50 60
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7. Workforce overview : Two largest democracies
India USA
Predominately young workforce
Large numbers are entering the professional Average age of the workforce is older, mirroring the
workforce at a time of rapid economic expansion age demographics of the population.
that provides increased opportunity for the well
qualified and well connected. Changes in American society have brought an
unprecedented social diversity into the workforce,
Access to professional education, socialization, not only immigrants from all over the world, but
entry and career advancement is still segments of the society previously excluded or
disproportionately concentrated among social under-represented in the professions, especially in
groups that have traditionally dominated the managerial and leadership roles.
professional fields.
Corporate cultures, employment policies and
Educational system doesn’t provide sufficient networks of influence have been forced to change.
trained talent for the job market, particularly the IT
sector that is the new economy’s engine of growth. The principal challenge for American employers
today lies less in finding diverse talent, but in
Special pressures on employers in India around developing it and creating an environment that
finding, competing for, holding and cultivating the supports social cohesion amid the diversity.
skilled employees they need.
Source: A study done by Dr. Karine Schomer,
CMCT President and India Practice Leader Think Talent Services Confidential 7
8. The talent challenge in India
Gap between Education system and Industry requirements :
Executives in India, China and Brazil all point to “the gap between what universities provide and what
industries need” as the number one problem.
Retaining Talent :
Of all the emerging-market nations, India expects to have the toughest time when it comes to
recruiting and retaining talent. Fully 57% of Indian respondents feel that it will be “significantly harder”
to recruit and retain talent, compared with Brazil, where only 31% of respondents believe this to be the
case.
Higher Salary Expectation:
Salary expectations are rising in India, as job candidates call the shots. 61% of India-based executives
say that inability to meet salary expectations would be most likely to hamper efforts to recruit talented
employees.
Source: A report from the Economist Intelligence Unit
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9. Key trends associated with the emerging
talent pool in India
Influence of social trends - Family support structures are weakening –traditional sources of
financial and emotional support are vanishing, Many parents live their own dreams through their
children
Influence of cultural exchanges on employee mindset - Globalization has exposed Indian
workforce to concepts such as power distance. Example :- Indian employees exposed to a culture
of lower power distance in the US would expect a similar work culture in India
Consumerist Lifestyle - Traditionally India has been a high savings rate country, this is changing
to lower savings rates rapidly—credit culture among the youth is the norm
Work Habits - Long and sometimes unnatural working hours at IT and BPO industry lead to
stress, burn-out and health related issues
Generation Gaps at Work - Key differentiators are in the manager role expectation are
information provider vs decision support, Coach/ Mentor vs supervisor, Emotional anchor ?
Counselor ? Friend ?
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