Crazy Indian job market

The US Recruitment market is currently valued at $90 billion but its Indian counterpart is barely more than a billion dollars. Despite India creating far more jobs than the United States, the Indian recruiting industry remains a pygmy in comparison. The online recruitment sliver of this industry, which is about 10 years old in India, accounts for almost a sixth of this market and also represents the fastest growing segment. “E-recruiting” , as the online slice of the business is popularly called, has its share of benefits and disadvantages.

While it works effectively for entry level staff, who are not taken through an elaborate selection process, it is just as ineffective for middle and senior management recruiting. Worse, the non-formal culture that e-recruiting has bred is an unwelcome challenge for high value recruiting firms who undertake a stringent diligence process prior to recommending candidates to their contracted clients for specific roles. Candidates have begun to view recruiting firms as redundant intermediaries and expect them to “download, cut and paste” their resumes from job portals and send them along to clients without screening them, much like postmen. Some of them get aggressive if they are put through a wringer, which is how it ought to be for any middle or senior management role.

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