As India Inc. continues to grow at a stupendous growth rate and many Multinationals plan to spread their wings in India, there’s a likelihood of a talent crunch. So, HR is likely to need a special charter. SURBHI CHAWLA presents the coming trends in five critical areas
Sandip Grover, VP (Human Resources), WelspunThe Rise of the ExpatriateBeyond doubt, the trend of hiring expatriates is gaining ground in India and the year 2008 would see this trend gain more popularity. However, employing expatriates would not be visible across domains and businesses, but would be spread in limited sectoral spaces. For example, I can see their numbers increasing in the retail space and other technical spaces like piping engineering. There is going to be a huge demand for foreign employees in several specialised domains. Apart from that there are also companies like ours who are bullish about setting up shops in other countries. So, we are looking at the foreigners to help us understand these new and potentially-attractive markets that we are planning to enter in a better way. The inputs from expats will be especially a bonus in the case of markets like China, which are a little difficult to understand.
Sandip Grover, VP (Human Resources), WelspunThe Rise of the ExpatriateBeyond doubt, the trend of hiring expatriates is gaining ground in India and the year 2008 would see this trend gain more popularity. However, employing expatriates would not be visible across domains and businesses, but would be spread in limited sectoral spaces. For example, I can see their numbers increasing in the retail space and other technical spaces like piping engineering. There is going to be a huge demand for foreign employees in several specialised domains. Apart from that there are also companies like ours who are bullish about setting up shops in other countries. So, we are looking at the foreigners to help us understand these new and potentially-attractive markets that we are planning to enter in a better way. The inputs from expats will be especially a bonus in the case of markets like China, which are a little difficult to understand.
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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)
