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Innovative Hiring Strategies are the need of the hour, CII seminar

04
Apr '08
Hiring the right talent is the greatest challenge in business environment and new and innovative hiring strategies are the need of the hour if Indian companies have to succeed in the changing global scenario, said P Rajendran, Director and Chief Operating Officer, NIIT, and Member, Confederation of Indian Industry (CII) National Committee on HR & IR/ER, at a unique seminar on 'Innovative Hiring Strategies' organized by the CII in New Delhi.

With Indian companies entering the phase of global mergers and acquisitions, already there is a shift in standard hiring practices, Rajendran said and added that the compensation being offered, sharing the vision of the company and transmitting a sense of passion in the company to the prospective employee will go a long way in attracting the right talent.

Some of the innovative hiring strategies could include hiring teams and not just individuals and offering education and placement packages, he suggested and added that over the past few years HR is witnessing a dramatic increase in lateral hiring of professionals with some years of experience, hiring from the public sector as well as experienced people looking for second careers. The challenge facing many firms was to hire with retention, he said.

A smart and sophisticated workforce will be the most important corporate resource over the next 20 years. The demand for this resource is sure to go up; however, the supply is already dwindling, said S Y Siddiqui, Managing Executive Officer ADMN (HR, Finance & IT), Maruti Suzuki, and Member, CII National Committee on HR, IR/ER


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