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HR Industry

Five Challenges HRS Consulting ; Players: the big four, specialized HRS consulting Macs SAME four MACS, HRS Industry By Chitchat-Begat ; Service Offerings: Human capital management; Health and

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benefits, including retrial strategy and

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administration; People angle of ramification, mergers and

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acquisitions; Feedback and

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communication (designing and

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implementing surveys) – Data services (salary, rewards benchmarking, Job description) ; Data services currently are more than 50% of larger firms’ y revenues ; Scope for future growth – integrated talent management and

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leadership development Recruiting & Staffing Players: search, selection and

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placement companies, Job portals, temporary staffing, RAPS, y p g, relocation firms, testing and

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assessment tools, applicant tracking technologies, background verification services which position themselves as consulting firms. Hiring at this level foresees a healthy and

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welcome trend, as the market for talent becomes global and

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as many firms acquire domain focus Middle management hiring – contingent – clients pay only when the cand

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idates Join their organization. This space is also dominated by Macs along with some large Indian players. Entry level selection & placement services – has many small players that specialize in a location or industry. Consolidation will increase as firms look at managing low margin business through volumes.

Middle and

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lower hiring has the biggest growth opportunities as more organization look at reducing cost and

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time-to- hire’ via RPR. Jobless/ J b it/ portals. SST t I Strong competition and

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pricing pressures I HTH space as dif tit did in this differentiation I it it is based less on product offering and

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more on establishing scale & brand

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dominance. Learning & Development ; Data on the size of this segment in India is not readily available ; High number of players ; Service offerings – Technical Functional Behavioral and

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leadership training a-schools offering executive level training training. ; Technology enabled learning will reach large numbers and

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y will be easy to customize. Will witness fast growth, as companies begin to look at raining as an investment to improve productivity. HRS Technology ; Includes all technology service providers from end-to-end HRS go products, to niche products for recruitment or payroll management or e-learning, to workforce analytics tools. ; This industry is moving rapidly as a result of demand

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for integrated support solutions by Indian firms. ; Indian firms (Seems and

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large organizations) mirror global organizations in the way HRS technology procurement is led by HRS and

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supported by the internal technology team. ; The IT team checks and

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validates issues like security, performance, disaster covers while HRS assesses the functional capability.

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