FICCI Conference on HR Best Practices: Making Organizations Meaningful and Future Ready: A Report

FICCI

NEW DELHI: November 7, Monday: The Federation of Indian Chambers of Commerce and Industry (FICCI) along with its principal partner, CareerBuilderIndia, organized a conference on human resources titled “HR Best Practices” in New Delhi on 7th and 8th November 2016.

The theme of the conference centred around the changing dynamics of the recruitment industry and how the human resources (HR) domain can implement the best practices in order to nail the very best of talent pool.

The two-day event witnessed a gathering of nearly 500 delegates from across industries including HR professionals, corporate leaders, recruiters, academicians, thought leaders and speakers specifically from the HR industry.

FICCI
Img. Src. Transfer of Learning

Welcome address for the conference was presided over by chief human resources officers (CHROs) and managing directors. Speakers included Madhavi Lall, Head HR, Deutsche Bank, Prithvi Shergill, CHRO, HCL Technologies, and Mr. Saugata Mitra, Group Head, HR, Mother Dairy Pvt Ltd. The speakers mostly focused on the rapidly changing dynamics of recruitment and the HR world.

The future is right here for recruitment. The overall job and recruitment industry has undergone a rapid change with technology foraying in. Gone are the days when a recruiter would sit and sift through a stack of resumes and individually approach jobseekers. Applicant tracking systems (ATSs) have made their way and it is technology that has started dominating the recruitment sphere at a large scale.

The introduction was followed by the first panel discussion of the day titled, “A Journey from Classroom to Boardroom”. Speakers and moderators of the session included Ms Madhavi Lall of Deutsche Bank, Ms Neeti Sharma, Co-Founder Team Lease, Prof. Amit Mookerjee, Dean and Head, IIM Lucknow, Noida Campus, Dr. Jitendra Das, Director, Fore School of Management and Mr Rajeev Kumar, Global Head, Campus Hiring, Wipro Limited.

This session’s focus was essentially on the growing gap between professional degrees vis-à-vis skills required for getting a job. Experts opined that the higher education system needs to augment and align itself with the industry so that students graduating from management and engineering colleges are job-ready. They laid emphasis on the aligning academics and industry and increasing industry interaction of students more, so that once they enter the professional world, things become easier for both – the employer and the new employees.

“Transforming HR for Strategic Talent Management” was the focus area of the second session. The session was presided over by leaders like Dr. Sandhya Chintala, VP NASSCOM and S Radha Chauhan, President and CEO, Department of Electronics and Information Technology. The main focus of this session was revamping talent management with the help SaaS technology. They opined that business has changed drastically over the years, so even HR has to keep pace with it and embrace technology as fast as it can. Genomics, automation, machine learning as well as robotics will make their appearance in HR in the near future, redefining HR in the long run. This is where SaaS will come into effect and decisions on talent acquisition will be based on SaaS, analytics and hackathon.

Third session of the day, focused on the concept of “Onboarding and Engaging Talent in the Digital Age”. Speakers and moderators of the session comprised Mr Prithvi Shergill of HCL, Ms Pooja Malik, VP, HR, Anand Automotives Ltd, Ms Kiran Singh, GM, Corporate HR, Mother Dairy, Mr. Unmesh Pawar, Global HR MD, Accenture and Mr.Wallace Shah, Director and Country Head, Lausanne Hospitality Consulting. They discussed significance of onboarding practices and how organizations need to reshape them in the age of digital disruption.

The HR team of an organization will have to be very careful pertaining to the recruitment process of the future and must be digitally empowered to be able to tackle ‘digital disruption’ in HR. It is not only about picking up desirable profiles from the ATSs, conducting interviews and selecting the right candidate. It is also about conducting proper onboarding processes that will eventually help the new hires to be able to gel with the organization faster.

Making them feel comfortable thereby, enmeshing them into the new environment. Onboarding processes also need to change drastically and should be made more interactive in manner. Rather than the event being a dramatic monologue, the organization should ideally engage in proper dialogue with the new hires. Existing employees should also be welcoming towards them.

The more welcoming the organization is towards new employees, the better they will be able to engage their employees, who mainly comprise millennials. Engaging millennials is a daunting task for organizations these days, as the maximum duration spent by millennials in an organization is roughly 2 years. So, within this short span, organizations need to ensure that employees (especially millennials) are so engaged, that they are able to give their 200% to the organization.

Finally, the event was concluded with a closing keynote address by Unmesh Pawar of Accenture where he emphasized on the importance of digitization and ensuring happiness for one and for all in the corporate world with the help of digitization.

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CareerBuilder Procures Workterra – Brings Post-Hire Solutions On Board!

workterra

The news we have in store for our HR readers is the boldest act in the line of acquisitions CareerBuilder has done so far. To diversify its recruitment smarts, CareerBuilder has acquired Workterra, a talent management software organization this September. While, earlier in 2016 CareerBuilder procured Aurico for background screening and drug-testing services, this time the acquisition has aimed to expand the comprehensive array of features it provides. Post-hiring features being paramount, the move has certainly taken by CareerBuilder to evolve as a full-fledged human capital management organization.

The terms of the deal have yet not revealed.

Workterra, California-based company offers cloud-based technology for past 10 years and facilitates human capital management benefits. The firm successfully manages the lifecycle of employees, from onboarding, administration, to wellness, as well as, compliance. It offers a easily configurable system that can be used with just one login. To know more, visit theworkterra.com.

CareerBuilder has reinvented who we are as a company over the last few years, said Matt Ferguson, CEO of CareerBuilder, a press conference.

workterra
Img. Source. workterra.com

This notable move in the online recruitment space is certainly an initiative that will help global companies to fetch and retain the best talent on board. From posting their jobs to 7,000 job websites or social platforms, sourcing from 100 million profiles, to creating engaging career websites to managing recruitment workflow, conducting background checks on candidates and real-time reports on recruitment performance, firms can now make better plans for them and buy whole system is a package or simply as a la carte.

What more? By collaborating with Workterra, CareerBuilder can bring an unprecedented scope of innovation across the recruitment market. While reaching out to organisations despite their size, the primary objective for this collaboration is to target mid-size companies, a market which is estimated at $18.1 billion.

We’re excited to become part of a company that is known for having a strong brand and superb technology and customer service, said David Rhodes, CEO of WORKTERRA. “WORKTERRA’s and CareerBuilder’s solutions will perfectly complement one another and bring more options, efficiencies and value to our clients for both the pre-hire and post-hire side of business.

 About CareerBuilder

As the global leader in human capital solutions, CareerBuilder specializes in cutting-edge HR software as a service to help companies with every step of the recruitment process from acquire to hire. CareerBuilder works with top employers across industries, providing job distribution, sourcing, workflow, CRM, data and analytics in one platform. It also operates leading job sites around the world. Owned by TEGNA Inc. (NYSE:TGNA), Tribune Media (NYSE:TRCO) and McClatchy (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com

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CareerBuilder Gears Up For 70th Independence Day Celebrations

Independence-Day

August 21, 2016; Noida – The celebrations to mark the 70th Independence Day of India were commenced on 12th of August at CareerBuilder’s three different branches – Noida, Bangalore, & Mumbai. Several activities were lined up for the day to create the patriotic fervor amongst employees.

CareerBuilder in all the cities was alluring to the eyes with office decorations, appeared in sensational tri colors- orange, white and green. A perfect blend of balloons and flags was used to accentuate the beauty of the IT organization. The day started with a unique competition called ‘Your views on Independence Day’, allotted with 1-hour time to participants to describe their ideas in four sentences. While, this was going on, employees of CB were busy taking snapshots, highlighting their tri-color attires.  Ethnic yet smart, not just the employees were cheerful on the day but also showed a sense of pride and devotion with their company by taking enthusiastic participation in all the activities organized for the day. Male and female employees, all dressed up and waiting for the ‘best dressed male’ and ‘best dressed female’ to be announced at the end day of the day.

Independence-Day

What more? The fun and cultural committee did not skip a moment to engage the crowd, which was already in the mood and harmony of celebrating the Independence Day. After those awesome pictures and background music soothing the senses of our colleagues, it was time for the most awaited ‘Italian Lunch’ at The Italian Bistro. Want to know what CareeBuilder employees relished on their Independence Day celebrations? ‘Mushroom Bruchettas’, ‘Penne Pasta’, ‘Cucumber Drinks’, ‘Potato Wedges’, ‘Paneer Pizzas’, and ‘Brownies’. The meal really added an oomph factor to their evening. Chats over drinks in a Vintage themed restaurant, it was a real delight.

After a delightful lunch, employees now simply had to stretch themselves for the most exciting and awaited competition- ‘Canvas Painting’. Bad, average or perfect- artists were born and came into the notice of CareerBuilder when paintings depicting amazing ideas caught the eyeballs of everyone. Colorful, thoughtful and creative- employees and their paintings showed the true sense of compassion and pride and enthusiasm towards their company, and the country. The 1-hour competition was flooded with jokes, music in the background, laughs and more laughs. The five teams were asked to give a unique or patriotic name to their painting team, which sounded like- ‘Ekta- Bhaarat Ki’, ‘Freedom Fighter’, ‘ Vandependence’, ‘Jai Hind’ & ‘Painter Babu’ . Did that sound creative? Indeed! It was as imaginative as the spirit of our enthusiastic employees across the 3 branches of CareerBuilder- Noida, Bangalore and Mumbai. While all the employees strived to deliver the best paintings, the winners were truly outstanding.

Independence Day

The time was flying by but the fun at these 3 locations did not seem to be ending. Everyone was dying to wait for the results to be announced. Finally the ‘best painting winners’ was announced and vouchers of Rs. 2500 were gifted across, followed by other results of the day. CareerBuilder did actually make a point to engage and acknowledge every employee who participated in the celebrations. By chocolates of vouchers, Italian lunch or gifts, the organization proved how important the employees are for the company.

70th Independence Day did emerge as a wonderful memory, which employees of all branches across India would cherish forever.

About CareerBuilder India

Founded in 1995, CareerBuilder.com is US’s leading employment portal. CareerBuilder also specializes in human capital solutions, labor market intelligence, talent acquisition software and several other recruitment solutions.  With a market presence in over 23 countries and 60 markets, CareerBuilder is owned by Tegna Digital, Tribune Media and The McClatchy Company.  CareerBuilder India is 100% subsidiary of CareerBuilder USA.

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SHRM TECH 16 – The Fastest Growing HR Event in Asia

SHRM Tech 2016

“The Conference encircled the large, ever-changing and complex HR technology to inspire and provide knowledge on HR tools”

July 12, Tuesday; Mumbai – The Society for Human Resources Management (SHRM), a subsidiary of world’s biggest non-profit professional human resource association with over 285,000 members in 165 countries supporting global HR community organized its 2nd HR Technology Conference and Exposition – SHRM TECH 2016 presented by CareerBuilder and powered by Cornerstone on April 20 -21 2016 at Renaissance Hotel, Mumbai.

The conference witnessed above 650 delegates, 100+ CHROs and business leaders, 40+ demos based on HR technology and 15+ knowledge sessions. The conference aimed to showcase the most disruptive and innovative HR Technology trends.

SHRM Tech 2016

 

Some of the prominent speakers at SHRM TECH 2016:

  1. Achal Khanna – CEO, SHRM India
  2. Jason Averbook, Thought Leader & Author
  3. Viresh Oberoi – Founder CEO and MD, Mjunction Services ltd.
  4. Sumit D. Chowdhury – Global Thought Leader, Smart Cities, Telecom & Information
  5. Yuvraj Baghwala – VP- HR,Genpact
  6. DP Singh – VP & Head HR – IBM India/South Asia
  7. R Mahalakshmi – Director, HR, Mondelez India Foods Private Ltd.
  8. Yashwant Mahadik – Executive VP & Global CHRO – SUN Pharma
  9. Abhijit Bhaduri – Chief Learning Officer,Wipro Ltd.

“In the era of speedily developing technology, HR must re-think about its strategy and processes to meet the requirements of present day workforce. HR Innovation in the age of technology emphasized that people, process and technology should work in tandem for organizational development, said Jason Averbook in his keynote.”

The first day of event was initiated with the welcome address by Achal Khanna, CEO, SHRM India followed by vibrant sessions & panel discussions led by some of the renowned speakers.

SHRM Tech 2016

“We are extremely pleased to host the second edition of SHRM Tech conference, after the overwhelming success of the last year’s conference. It is SHRM’s endeavor to bring best minds on one platform where we can debate, discuss, and dissect evolving trends, key issues and challenges. I am hopeful that the engrossing keynote addresses, panel discussions, and expert-led demo sessions will provide in-depth insights to our valuable participants on the critical role of technology in shaping future of HR practices, addressed the CEO SHRM India in his welcome message”

The event provided a stage gain insights, inspiration, and tools that will enable to bring the best of technology to the practice of human resources in the complex, and ever-changing space of HR Technology.

About SHRM Tech 2016 Chief Presenter

CareerBuilder India

CareerBuilder India is a 100% subsidiary of CareerBuilder.com. As the global leader in human capital solutions, CareerBuilder specializes in HR software as a service to help companies with every step of the recruitment process from acquire to hire.

Cornerstone

Cornerstone facilitates organizations to recruit, train and manage their people. They work with hundreds of the world’s largest companies—from Walgreens and Starwood Hotels & Resorts to Deutsche Post DHL and Xerox—and thousands of smaller ones to help them engage their workforces and empower their people.

Platinum Partner

  1. Hacker Rank
  2. IBM

###

Follow the Latest Updates on Talent Acquisition & HR Tech on CareerBuilder India G+ and Instagram.

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Are you enjoying work-life balance? Take This Quiz

work-life-balance

Be it devoting extra work hours or staying connected with work after office via smartphones, it means same; ultimately you are cutting off yourself from your personal life. Doing this once a month is alright but if this has become the need of the hour and you have started feeling that this is the only option, then you might soon see the consequences of poor worklife balance.

On this same, Career Builder India recently did a survey to find out how your family/kids feel when you fail achieving a good worklife balance. The results are shocking! Yes, 46 per cent of working parent’s state they have been asked to work less by at least one of their children. In addition, 40 per cent of parents feel their work has negatively affected their relationship with their children.

Before I share the complete report, first I would advice you to take this quiz and see what is your status.

I am assuming you have taken this quiz, hopefully you now know what your work-life balance status is.

Have a look at the results of online survey, which included 288 working mothers and 344 working fathers with children 18 years old and younger who are living at home with them.

Creating a Better Worklife Balance

When asked how many hours they get to spend with their children, 40 per cent of respondents said it was less than three hours per day. And for some, a high salary doesn’t compare to the price of quality time with family. Over half of working mums (52per cent) and 46 per cent of working dads said they would be willing to take a pay cut to spend more time with their children.

Leaving the Workforce

Women are slightly more likely to leave the workforce should the right circumstances present themselves. Forty percent of mums said they were likely to leave their job if their spouse or significant other made enough money for the family to live on comfortably, compared with just over one third (35 per cent) of dads.

Can Working Mums and Dads Have It All?

When it comes to “having it all” the majority of working parents are optimistic. Eighty-five per cent of male workers and 86 per cent of female workers believe they can achieve success in both their career and parenthood.

On the same, Premlesh Machama, MD, CareerBuilder India, shared his suggestions. He said, “Traditionally, men have been expected to be the breadwinners for their households, but the dynamic is shifting. While 79 per cent of working dads remain their family’s sole financial provider, now 40 per cent of working mum’s provide the only salary for their household.”

Premlesh offers the following tips for working parents to create a better work/life balance:

  • Don’t be a slave to the traditional 9-to-5: Get more flexibility in your schedule with an alternative work arrangement. Ask your manager about options like flexible working or working from home
  • Learn to say no: You can’t be everything to everyone all the time. Know what your priorities are and don’t be afraid to say no to things that will interfere with those priorities
  • Make time for yourself: You’re no good to anyone if you’re not taking care of yourself. Schedule time each day dedicated to relaxing and recharging
( 211 visits )

4 in 10 Indian employees believe their boss has room for improvement : Press Release

Press Release_manager_performance

Noida, August 6,2015 –New research finds that almost 4 in 10 of Indian employees (38 per cent) believe they could do their boss’s job better.In addition, over a quarter of workers (26 per cent) thought that their boss should not be in a leadership role, finds new research from CareerBuilder India

However, the majority of workers think their boss is doing an above-average job. When asked to evaluate their bosses’ performance, 7 in 10 of Indian workers (70 percent) say their manager deserves an “A” or a “B” while only 7 percent would assign a “D” or “F” according to a new CareerBuilder India survey of 1019 employees across India.

Areas for Improvement

When asked which areas of their boss’s leadership and management style needed the most improvement, recognition of employees’ good work (57 per cent)topped the list by workers. Other areas where bosses aren’t performing up to par include:

  • Attitude toward employees: 54 per cent
  • Fairness/equity in treatment of employees: 50 per cent
  • Ability to take constructive feedback: 50 per cent
  • Professionalism in the work environment: 42 per cent
  • Communication style: 37 per cent
  • Standing up for the department to senior management: 29 per cent
  • Competence/expertise: 25 per cent
  • Availability to employees: 21 per cent

Outstanding Efforts

When asked to name their boss’ greatest strengths, 62 per cent of employees thought that their professionalism in work environmentwas cited most. Other above average behaviours include:

  • Recognition of employees’ good work: 59 per cent
  • Communication style: 58 per cent
  • Attitude toward employees: 55 per cent
  • Ability to take constructive feedback: 51 per cent
  • Fairness/equity in treatment of employees: 49 per cent
  • Availability to employees: 47 per cent
  • Competence/expertise: 47 per cent
  • Standing up for the department to senior management: 34 per cent

“Managers are often the ones assessing employee performance, but it’s just as important for managers to solicit regular feedback from employees regarding their own performance,” said Scott Helmes, Managing Director of CareerBuilder India“The best managers make an effort to understand what their employees need from them in order to do their jobs better and work to eliminate any obstacles that may be getting in the way of employees’ success.”

 

ENDS

Methodology

The survey was conducted among 1019 adults with decision making influence for hiring staff in the France. The interviews were conducted online by Redshift Research in March & April 2015 using an email invitation and an online survey. Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. In this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.1 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.

 

About CareerBuilder®

CareerBuilder India (www.CareerBuilder.co.in) is a 100% subsidiary of CareerBuilder LLC. As the global leader in human capital solutions, CareerBuilder specializes in HR software as a service to help companies with every step of the recruitment process from acquire to hire. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors and 1 million jobs. CareerBuilder works with the world’s top employers, providing job distribution, sourcing, workflow, CRM, data and analytics in one pre-hire platform. Owned by TEGNA Inc. (NYSE:TGNA), Tribune Media (NYSE:TRCO) and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit CareerBuilder.co.in.

Media Contact:

Ankur Tandon

Marketing Manager

Ankur.Tandon@careerbuilder.com

+91.9871974707

 

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Press Release: Jobs Are Major Reason Behind Weight Gain

weight gain

Half of workers have gained weight since starting their present jobs, according to CareerBuilder India survey

INDIA-As the summer season approaches, workers hoping to get fit may come up against a major obstacle: their jobs. A new survey from CareerBuilder India shows that the workplace can wreak havoc on your waistline. According to the survey, more than half of Indian workers (52 per cent) say they have gained weight at their current jobs, with 31 per cent saying they have gained more than 2.5 kg. Only 11 per cent of all workers say they’ve lost weight since working in their current position.

“Work-related stress, lack of sleep and overly packed schedules can often get in the way of healthy eating and exercise habits,” says Premlesh Machama, MD, CareerBuilder India. “Poor physical health, however, can also take a toll on mental health and work quality, so it’s important for workers to stay active, even if it just means taking small breaks throughout the day to walk around or stretch.”

The national survey was conducted online on behalf of CareerBuilder India of more than 1000 employees across the India.

Why the weight gain?

Sedentary roles, exhaustion and time constraints can present obstacles to staying fit. When asked what they felt contributed to their expanding waistlines, workers gave the following reasons:

why do we gain weight
source ET
  • Sitting at my desk most of the day – 60 per cent
  • Too tired from work to exercise – 36 per cent
  • No time to exercise before or after work – 37 per cent
  • Eating because of stress – 24 per cent
  • The temptation of the office biscuit tin – 19 per cent
  • Having to skip meals because of time constraints – 28 per cent
  • Workplace celebrations – 26 per cent
  • Pressure to eat food co-workers bring in – 20 per cent
  • Eating out regularly – 33 per cent
  • Happy hours – 24 percent

Eating and exercise habits

Exercise is a key part of a healthy lifestyle, but it may not be enough to keep workers in their ideal shape. Though the majority of workers (80 per cent) exercise on a regular basis, and nearly 6 in 10 (57 per cent) claim to work out at least three days week, 41 per cent of workers feel they are overweight.

Sometimes a little extra incentive can motivate individuals to work out, but the majority of workers (53 per cent) say their employers do not provide gym passes, access to workout facilities or wellbeing benefits. Of these workers, 41 per cent say they would take advantage of such opportunities. Only forty per cent of workers say their company provides these types of incentives.

When it comes to eating habits, it’s hard for workers to resist the allure of snack foods and restaurant meals. Three quarters of workers (77 per cent) confess to snacking at work, and 81 per cent say they regularly eat out at work instead of packing a lunch. Thirty-seven per cent eat out three times a week or more.

Men vs. women

More women (48 per cent) than men (34 per cent), say they feel overweight. However, men and women are equally as likely to exercise regularly, with 81 per cent of men and 79 per cent of women claiming to work out at least once per week.

 

5 Tips to maintain health and wellness at work

“Your job shouldn’t get in the way of maintaining a healthy lifestyle,” Premlesh says. He offers the following tips to help even the busiest of workers maintain wellness while on the job:

  • Put it on your calendar – Planning ahead and scheduling time for exercise the way you would a business meeting or conference call will make you more likely to prioritise it.
  • Get moving – Add as much movement to your daily activities as possible: for instance, park further away, or get off the bus or train a stop earlier and walk the remaining distance. Consider taking the stairs instead of the lift, going for a walk during your lunch hour and walking over to someone’s desk instead of sending an email. These little things can add up.
  • Stay away from fizzy drinks – Fizzy drinks contains lots of sugar and empty calories. Drink water flavored with cucumber, strawberries or lemon instead, or green tea for a caffeine boost.
  • Pack a lunch – Bringing in lunch from home is an easy (and cost-effective) way to ensure you’re getting healthy ingredients and controlling your portion sizes.
  • Keep healthy snacks on hand – Keep nutritious snacks like almonds, hummus, carrots and air-popped popcorn at your desk so you don’t have to rely on the vending machine or biscuit tin to curb hunger between meals.

Methodology

The survey was conducted among 1019 employees in India.

The interviews were conducted online by Redshift Research in March & April 2015 using an email invitation and an online survey.

Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. In this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.1 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.

Sample was selected from the Crowdology & Crowdology partner panels. Crowdology™ is an online panel owned and operated by Redshift Research.  The Crowdology™ panel is balanced across regional, age and gender demographic factors, and is nationally representative of the UK population. Each respondent completes 120 profiling questions before being accepted to join our panel.  Panel Quality Management is carried out frequently to ensure reliable surveys.

Although Redshift specializes in providing services to Marketing Communications companies (the Crowdology polling panel, for example) it has a long pedigree of full service research project execution across industry sectors. Redshift Research is adept at executing focus groups, face-to-face interviews, telephone interviews, online research, desk research and statistical modelling, to mention just a few techniques.

About CareerBuilder®

CareerBuilder India (www.CareerBuilder.co.in) is a 100% subsidiary of CareerBuilder LLC. CareerBuilder is the global leader in human capital solutions, helping companies target and attract great talent. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors and 1 million jobs. CareerBuilder works with the world’s top employers, providing everything from labor market intelligence to talent management software and other recruitment solutions. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com

Also, published on The Economic times.

( 442 visits )

Press Release: University graduates not prepared for the workplace, a CareerBuilder India survey Reveals

Press Release. careerbuilder India

INDIA, 27 April 2015 –Despite the fact that 97 per cent of Indian companies plan to hire recent university graduates this year, almost 1 in 4 employers (23 per cent) believe that academic institutions are adequately preparing students for vacant roles in their organisations. Two thirds (65 per cent) say universities are preparing students for “some roles, but not all,” and 8 per cent do not believe they are preparing them adequately at all.

The national survey was conducted online on behalf of CareerBuilder India of more than 400 employers.

When asked to name which workplace skills they think recent graduates’ lack, half of employers cited interpersonal or people skills (50 per cent). Other skills lacking in new graduates, included:

  • Problem-solving skills: 60 per cent
  • Creative thinking: 56 per cent
  • Teamwork: 53 per cent
  • Leadership: 49 per cent
  • Oral communication: 47 per cent
  • Research and analysis: 45 per cent
  • Project management: 39 per cent
  • Written communication: 38 per cent
  • Computer and Technical: 23 per cent
  • Maths: 20 per cent

“Though nearly all Indian companies plan to hire recent graduates, the vast majority of these do not feel students are adequately prepared for the workforce,” says Premlesh Machama, Managing Director of CareerBuilder India. “This finding underscores the need for educational institutes to work closely with companies for developing effective curriculum to ensure the students acquire right skills which are needed by growing businesses.”

Are new graduates ready?

When asked where specifically educational institutes are letting their students down in preparing for the workforce, employers cited the following concerns:

  • Too much emphasis on book learning instead of real world learning – 68 per cent
  • I need workers with a blend of technical skills and soft skills – 57 per cent
  • Technology is changing too quickly for academics to keep up – 47 per cent
  • Not enough emphasis on internships, work experience and apprenticeships – 34 per cent
  • Entry-level roles within my organisation are more complex today – 29 per cent
  • Not enough students are graduating with the degrees my company needs – 11 per cent

Which degrees have the best job prospects?

Employers in India feel that the most desirable qualification for graduates to hold is a computer and information sciences degree, with 51 per cent of employers naming it the most in-demand degree at their firms, followed closely by engineering degrees (46 per cent). Business degrees are also in high demand (42 per cent), with communication technology (31 per cent) science technology (24 per cent) rounding out the list.

Where are the opportunities?

Employers are primarily looking towards new graduates to fill roles in information technology (62 per cent) and business development (59 percent). Opportunities also abound in marketing (51 per cent) and customer service (46 per cent). Finance and accounting (43 per cent) round out the top five job types.

What will these jobs pay?

Nearly two thirds of employers (65 per cent) who plan to hire recent college graduates will offer higher starting salaries they did last year. Almost one quarter of employers (24 per cent) expect salaries to stay the same, and 12 per cent expect to offer lower starting salaries.

However, salaries are not set in stone: The majority of employers (79 per cent) say they are willing to negotiate salary when extending job offers to recent graduates.

The majority of employers (94 per cent) who plan to hire new college graduates are willing to negotiate or provide new graduates with a variety of perks. After salary, the most popular benefits employers say they will negotiate are the following:

  • Bonuses: 52 per cent
  • Paying for mobile phone: 50 per cent
  • A flexible schedule: 44 per cent
  • Reimbursement for commuting expenses: 44 per cent
  • Relocation expenses: 35 per cent
  • Reimbursement for additional schooling: 30 per cent
  • Remote working options: 30 per cent
  • More holiday days: 20 per cent

*Percentages may add up to more than 100 due to rounding.

 

Methodology

The survey was conducted among 410 adults with decision making influence for hiring staff in India. The interviews were conducted online by Redshift Research in March & April 2015 using an email invitation and an online survey.

Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. In this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 4.8 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.

Sample was selected from the Crowdology & Crowdology partner panels. Crowdology™ is an online panel owned and operated by Redshift Research.  The Crowdology™ panel is balanced across regional, age and gender demographic factors, and is nationally representative of the UK population. Each respondent completes 120 profiling questions before being accepted to join our panel.  Panel Quality Management is carried out frequently to ensure reliable surveys.

Although Redshift specializes in providing services to Marketing Communications companies (the Crowdology polling panel, for example) it has a long pedigree of full service research project execution across industry sectors. Redshift Research is adept at executing focus groups, face-to-face interviews, telephone interviews, online research, desk research and statistical modelling, to mention just a few techniques.

 

About CareerBuilder®

CareerBuilder India (www.CareerBuilder.co.in) is a 100% subsidiary of CareerBuilder LLC. CareerBuilder is the global leader in human capital solutions, helping companies target and attract great talent. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors and 1 million jobs. CareerBuilder works with the world’s top employers, providing everything from labor market intelligence to talent management software and other recruitment solutions. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com

 

Media Contact

Ankur Tandon

Marketing Manager

Ankur.Tandon@careerbuilder.com

+91.9871974707

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