What kind of hiring trend has India [ Images ] witnessed since the Lehman Brothers collapse?
After Lehman collapsed there was no hiring. There were reports of more than 50,000 to 60,000 jobs lost in India itself. So it was a bad year for those who lost their jobs and for young graduates who aspired for a good first assignment. Has the ground situation changed in the recent past? For starters, the firing has definitely stopped. However I won’t go to the extent of saying that the trend has reversed. I think it has just passed the phase of employee retrenchment due to the uncertainty of the business. Now we are in the phase where we are looking at stability and growth. I am sure a lot of companies will be looking at recruiting people but will be doing so very strategically. Only those employees that they need will be hired in the immediate future. Would you say that the BPO business in India come out as a winner? Though we haven’t seen the trend going down this year; at best the trend of outsourcing work inflow has remained flat. Are Indian companies jumping on the hiring bandwag
