No matter what a company does, whether it is service, manufacturing or product based, having a right team in place is critical for its success, regardless of what is happening in the local economy or the wider global picture, it is essential they hire the best talent available to remain competitive and at the forefront of their market.
The Recruitment Industry in India is growing at 21% per year and is approximately worth Rs. 35,000 crores as per Executive Recruiters Association and Ernst & Young. While the permanent recruitment segment in India is estimated at Rs 3,000 crore, the search industry is pegged to have a market size of Rs 600 crore to Rs 700 crore. In the next 5 to 10 years a lot many countries and major corporates will be investing in India, and therefore with all the investments coming in, the preferred choice is definitely India. India certainly has a clear path defined for new industries and existing expansion. With the augmentation in employment opportunities, even franchisees will look forward to invest in the recruitment biz. The demand for talent will always rank as the highest priority in an increasingly competitive global market and Antal’s Global positioning will help create cross border opportunities. Specialist Recruiters like Antal International help Corporates manage 25 – 30% of their hiring needs.
Companies across the country are expected to add more than 10 lakh employees to their payrolls and roll out hefty salary hikes in the range of 10-30% for right talent in 2016. Clients are willing to pay premium fees because highly skilled talent at the mid to senior level is difficult to find, this kind of talent majorly operates in a ‘candidate driven’ market. In such a scenario positions are open longer and the entire hiring process becomes highly time consuming, expensive and frustrating for hiring managers. Corporate hiring managers do not have the time and in depth sector knowledge to find the right candidates and more crucially, the exceptional talent that a company is looking for is not necessarily looking for new opportunities. Niche recruiters like us do is reach out to candidates who many not necessarily be on a job board or actively looking for a job – in our terms ‘a passive candidate.
Our franchisees make money by placing talented candidates into clients companies and charging a professional fee which can be anywhere between 12% and 25% of the candidate’s first year salary and remuneration package.
This year, Indian companies are going to create a plethora of opportunities for job seekers. In the new jobs arena, there could be an average increase of about 14.5 percent—according to India Skills Report (ISR) 2016, conducted by several head-hunter firms unanimously. This makes the role of a headhunter more challenging and imminent in an economy like India.