Human Resources Solutions Industry - Stepping Into the Next Decade of Growth January 2012

Topics: Human resource management, Job interview, Recruitment Pages: 3 (727 words) Published: August 15, 2013
Human resources solutions industry
Stepping into the next decade of growth January 2012

Foreword
Over the last two decades, India’s image as a land of snake charmers has changed rapidly to that of a power house of human resources. Our greatest resource today is our people, be it our entrepreneurs or our large, young and vibrant working population. India’s human resource industry, dominated by talent acquisition in the form of recruitment, temporary staffing and executive search, has been growing be an estimated CAGR of 21% over the last four years and is now estimated at more than INR228 billion. Many global players have entered the Indian market over the last decade and some are poised to make the quantum leap. This market is rapidly moving from a highly fragmented and unorganized sector to a structured and organized industry. The Executive Recruiters Association (ERA) is a non-profit chamber of commerce representing Indian executive recruitment consulting firms. ERA was formed with the objective of creating professional and ethical standards of recruitment and establishing the recruitment process as an industry. ERA and Ernst and Young are pleased to present to you the first comprehensive report on the Indian recruitment and HR services industry. I would like to express my gratitude to Ernst and Young and all the industry people who contributed to making this report.

Vipul Varma Chairman ERA

1. Introduction ..................................................................................................3 1.1 The Human Resources (HR) solutions industry: an introduction ............................4 1.2 Market size ........................................................................................................5 1.3 Industry structure ..............................................................................................6

2. Permanent recruitment...
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