July 15, Friday; New Delhi – In the second quarter of 2016, the renowned association, the Indian Staffing Federation (ISF) organized the World Employment Conference 2016 in May. Spanning across 3 days, the event was meant to highlight the current position of the staffing industry in India, and also how employers view the current Indian workforce.
Through World Employment Conference 2016, ISF successfully brought the global employment organization to witness the talent pool that exists in India. Needless to say that organizations benefitted a lot from an event like this.
The event was presided over by the who’s who from the ISF and from some of the top organizations such as International Labour Organization (ILO) who have their presence in India. In the words of Rituparna Chakraborty, President, ISF, “Around the globe companies see a lot of potential in India where they have seen a 20% growth in the Indian staffing market over the last 3 years. In spite of this potential, the biggest challenge for staffing companies remains finding the right talent for the client companies. This event is a great means to showcase India as an emerging talent powerhouse, building the confidence of investors across the globe who are waiting to reap dividends in the country through their investments here”.
This year’s theme was ‘the employment and recruitment industry’ in the “new era of employment”; also termed as ‘Karmayug’ in Hindi. A much discussed topic, the employment and the recruitment industry of India has been in the international focus for quite some time now.
India, the host, was the centre of attraction and attention throughout the conference and the topic of the first session was based on India. It focused on “what makes India an interesting destination for the rest of the world?” The speakers opined that, while India has become a major contributor towards global employment with its staggering number of employees, certain structural changes are holding it back in realizing the full potential of its huge workforce.
The opening speech of World Employment Conference 2016 emphasized on the unlimited potential that India has in terms of talent and skills – major key to a successful labour market within the global economy. It was followed by a speech delivered by Bandaru Dattatreya, the Indian Labour Minister, who said that the issues threatening the current labour market of India will be addressed and also there is an aim to create a harmonious work environment. Employment generation will also be taken into consideration so that more unemployed individuals find jobs.
On the second day, i.e., May 26th, several prominent speakers took the stage and delivered speeches pertaining to the current situation of the Indian recruitment and staffing industry. The gathering was addressed by speakers like Suchita Dutta, Executive Director, ISF, Rituparna Chakraborty, President, ISF and Annemarie Muntz, President, Ciett.
The ISF Report on Indian employment scenario that was unveiled by the Indian Labour Minister, stated that India might become the third largest country with “flexi-staff” employing nearly 2.9 million professionals by 2018.
It is estimated that by 2020, India will have the youngest population in the world and therefore the challenge will be to ensure employability for this large percentage of young populace. Currently, the number of talent mismatch in India is somewhat high and talent retention is also an issue in the country. All these trends and issues were discussed at length in the event.
BRIC Nations and Regulations of Laws
On the third and the final day, May 27th, focus shifted to the BRIC countries and some of the plaguing issues that needs to be addressed, especially pertaining to the employment and recruitment industry, in these nations. The event began with an introduction by Abid Ali Nemuchawla, CEO, Wipro TBC.
Speakers emphasized that, the four countries, Brazil, Russia, India and China need to overcome some or the other hurdles in order to ensure that the overall employment and recruitment scenario are in proper place.
In the second half, the focal area was new era of employment and stalwarts ended up discussing what would the new employment market look like and how the ever evolving technology will also influence the dynamics of the same. Discussions also extended to how technology and changing demographics will have an impact on the way professionals are recruited and how employees work. Speakers in this session included Ekaterina Gorokhova, President and GM, Russian APEA, Kelly Services, and Vander Morales, President, Fenaserhtt and Sindeprestem.
Finally, on the last day, a global perspective on the enforcement of laws and regulations on private employment agencies and a proper monitoring of the same was touched upon by Panudda Boonpala, the Indian Director of the International Labour Organization (ILO). He emphasized that good legislation is necessary to achieve good regulation within the recruitment and employment industry.
Diamond Partner: CareerBuilder
World Employment Conference 2016 was presented by a lot of sponsors including CareerBuilder India. CareerBuilder India was the Diamond Partner for the event. 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.
Silver Partner: Artech
Established in 1992, Artech is a minority and women-owned business enterprise committed to maximizing global workforce solutions on behalf of its clients. Artech provides the most innovative, efficient and cost-effective workplace solutions in today’s marketplace.