A growing desire in India Inc to induct global talent with international exposure is expected to result in a near doubling in the recruitment of non-resident Indians (NRIs) this year.
The country is expected to hire around 50,000 NRI professionals this year, compared to 27,983 recruited last year, finds a survey by a global recruitment tendering platform My-HiringClub .com.
Bangalore will lead this recruitment, accounting for 11,894 jobs, followed by Delhi-NCR and Mumbai with 10,320 and 6,780 jobs respectively.
Among the sectors surveyed , IT & ITeS is expected to create 11,450 jobs, followed by FMCG (8,930), automobile & manufacturing (7,341), infrastructure (4,894), pharma & healthcare (3,245), telecom (1,391) and banking & financial services (1,391).
The study was conducted across 4,453 companies operating in 12 industry verticals in 11 major cities. NRIs have become a valuable resource given that a number of Indian companies are expanding globally.
They may also be a culturally better fit than other expats . NRIs are also becoming easier to hire given the economic uncertainties in the developed world. “For senior hires in the IT sector, salary is not the differentiator any more. They face some sort of a glass ceiling in overseas markets due to the subdued sentiments there,” says Kamal Karanth, MD of recruitment firm Kelly Services.
Rajesh Kumar, CEO of My-HiringClub .com, says the number of NRIs looking for jobs in the country has gone up drastically in the last few quarters . “Though the reverse brain-drain started some time back, the long global recession is forcing larger numbers of Indians working in Europe, the US, Middle East and Asian countries to return to their home country,” he says.
The MyHiringClub.com survey finds that of all the job enquiries and CVs coming from NRIs, about 30% would be from Europe, 20% each from the Middle East and the US and the rest from the Asia-Pacific region.
Sunil Goel, director of recruitment firm GlobalHunt India, says almost all global corporations are setting up captive centres in India. “For many automobile companies, India is an integral part of their global R&D and innovation roadmap. We get almost 1,200 NRI CVs for across job functions and levels in a month,” he says.
An earlier study by Kelly Services estimated that 3,00,000 Indian professionals working overseas would return to India between 2011 and 2015. The study — ‘Reverse migration of engineering professionals : Helping shape India’s economy’ — said the country was ready for receiving all of this once-departed talent.
EYEING GLOBAL TALENT
NRIs are viewed as culturally better fits than expats as India Inc expands globally They are also increasingly becoming available due to the global economic woes Indian cos expected to recruit 50,000 NRIs this year against 27,983 last year, says a survey Bangalore tops list of projected jobs at 11,894, followed by Delhi-NCR (10,320) and Mumbai (6,780).
Via : ET