V3 Staffing Solutions India P Limited

The India Staffing and Recruitment Market is projected to reach US$ 48.53 billion by 2030. Now that’s a huge number if you ask me. It was valued at US$ 18.06 billion in 2022. Workforce localization is taking the Indian recruitment space by storm. It is definitely increasing employability and reducing the country’s dependency on expat labor. Make in India initiatives have set the ball rolling for more GCCs and international companies to set up their manufacturing, R&D, Design, Software Development, Finance, Operations, Supply Chain, Procurement base in India. This is a beacon of delight for every recruitment firm, partner, vendor and agency in the country. In August 2023, ~60k jobs were estimated to be created in the next ~12 months to meet the demands of leading mobile handset makers in the country. Now I know layoffs have been playing havoc on everyone's mind and it has not been easy to navigate them. Did you know, interestingly Hyderabad was the top recruiter for IT-professionals among all metros in India? We hired 23% IT professionals followed by Bengaluru, Mumbai, Pune, and Chennai. What does it mean for all recruitment agencies? (including mine) - We have to double down on sourcing candidates and go beyond traditional methods.  - We cannot rely on one source of hiring but must spread our expertise across.  - We are the extended arm for companies and we must act like one.  - There were ~23k agencies in 2018, the number has increased.  - We must push for skill-centric hiring over only degrees.  - The lull period is going to smoothen out soon.  - Pick up on Automation more than ever.  - Data is your only weapon today.  - High customer-centricity. But yes as an agency, I know my limitations and I am sure you do too. These are projected numbers, but the ground reality lies in working together with companies to fulfil requirements. We are working on building a diverse workforce in 2024. But it has to be an equal effort from both sides. Get your area of expertise in place and become a reliable and desirable agency partner for your company. I would like to know from you, what are your thoughts about the future of Indian staffing agencies and domestic recruitment? 

Permanent or contractual hiring. RPO or full-scale staffing solutions. Whether you are a recruiter, corporate, or a job seeker it is important for you to understand the difference. With this newsletter edition, I have tried my best to highlight the key differences between all four of them for you to understand how the market functions. Hope you enjoy the read. Let me know the kind of hiring solution that has worked best for you. What is your idea of a difference between staffing and RPO? Look forward to some interesting answers.

We are more or less familiar with ChatGPT now. Yet we are far behind in the best ways to utilize it for our benefit. Last year when I attended a workshop on ChatGPT in recruitment, it left quite an impact on me. It pretty much taught me how to create the use cases for myself and use it prudently. Now, I am no expert in this but here are a few prompts I have been experimenting with off-late. Let’s see if it helps you. ✓ Prompt 1: Write a note to the candidate who is about to join our company, make it a little funny, emphasis on the learning curve, our office culture, by the way, he is a cricket fan, use a few emojis ✓ Prompt 2: Write a short job description of a Recruitment Manager JD which speaks about the company culture, what is expected out of the role, growth and learning curve and some humor along with benefits. ✓ Prompt 3: Write a short email to a candidate telling them about the delay in the hiring process and to have patience while you get back to them in 2 weeks. Add a small note about the values of the company and how they respect their time for the interview. Add a little cricket humor 👉Understanding Job specifications/domain/technology: We all agree that JD speaks a lot of things that are non-mandatory and barely touched upon during the interview process and it also misses a few important ask by the hiring manager. Make it a quick read. 👉Writing an Attractive Job Description to attract great Talent: Though we have experienced most of the time that candidates do apply for a job only looking at the title and not the entire JD, it still remains important to have an attractive JD which speaks about the company culture, what is expected out of the role, growth and learning curve and some humor along with benefits. 👉Candidate Outreach and Engagement: It's time to get away from boring candidate outreach and engagement messages and time to get a little creative. We all have heard enough ‘I Will Get Back To You’ 😞. Being creative with prompts is key and can give your great results - Try it out and let me know your experience. Please enjoy the prompts created with ChatGPT 4 as a quick overview. You can tweak it for your own benefit. Let me know how it goes! 👇

Winning Candidates Is Not Easy. We live in a highly competitive market and taking candidates for granted will be the biggest mistake a company can make. With this newsletter edition, I try to explore (and implore you) the different ways to connect with your candidates and win them over. It's not easy, but it's not difficult either. Let's dive in!

Technology is shifting quicker than the seasons — what about your skills? You must master rapid learning and upskilling to stay relevant in this fast-evolving tech era. 🔖As per a Deloitte report cited by Financial Express, over 650,000 employees are expected to be trained in generative AI between 2023 and 2024. This massive upskill initiative underscores the urgent need for proficiency in AI, machine learning, cybersecurity, and data science — the frontiers of tech innovation. The intersection of AI, ML, cybersecurity, and data science demands a holistic approach. Understanding how these systems interact and complement each other is vital. 📊 For instance, data analysis skills will allow you to: - Build and refine AI/ML models for enhanced accuracy and reliability - Interpret model outputs to continually boost their effectiveness. - Align machine learning applications with real-world needs, ensuring technology serves humanity. PS. The core skill that binds all these facets together is adaptive learning — the ability to swiftly absorb and apply new knowledge. (Keyword Being = Adaptive Learning) This agility ensures tech professionals can navigate the rapid developments in technology and maintain an edge in the job market. 🚀 What skills do you think are crucial for thriving in the tech industry of tomorrow?

Ever wonder if having a mentor truly reshapes your journey? I'm living proof that it does. A mentor isn't just a guide; they're the compass that keeps you oriented through life's ebbs and flows. I stepped into the entrepreneurial arena in my twenties, green and eager. Then I met Nisha—my mentor, confidant, and co-conspirator in the entrepreneurial dance - my partner. She began her professional sojourn at 17, and by the time our paths crossed, she was a reservoir of wisdom and encouragement. Through every peak and pit, Nisha has been a constant, a stabilizing force that reminded me to stand firm in success and gather strength in adversity. Here are the golden nuggets of wisdom she imparted: ✅ Chase Purpose, Not Shortcuts: Success is a marathon, not a sprint. There's no express lane, so lace up for the long run. ✅ The Might of Dialogue: Misunderstandings have no foothold where clear communication reigns. Talk it out, always. ✅ Value the Tough Times: They're the silent teachers that make you cherish the good days. Face them head-on, for they're the making of you. ✅ Humility Over Hubris: Stay grounded. Empathy and humility should be your companions, never traded for transient arrogance. ✅ Proactive Problem-Solving: Stay ahead of the curve, solving issues before they knock on your door. Ensure clients never have to look for you. A mentor doesn't smooth out the road; they equip you to navigate it with clarity and conviction. Nisha has been that irreplaceable mentor in my life. So, who's your Nisha? Drop a line about your mentor and the wisdom they've anchored in your life. #mentorship #entrepreneurship #agencylife #growth #mentor

The 90-day notice period — an antiquated practice that still shackles the Indian job market. And then there’s the West, which enjoys a nimble 15-30 day framework. Companies seek quick hires within 15-30 days, yet we're anchored to a lengthy 90-day period that benefits no one. ✅ The 90-day notice is a financial strain for employees seeking new opportunities. ✅ Opting out early means paying up the remaining days – a heavy blow to one’s finances. ✅ Employees are trapped in a limbo of lost opportunities. ✅ No recruiter wants to wait 90 days, and candidates find themselves applying only when their notice period is nearly over. ✅ Employers are caught in this inefficient cycle, too. ✅ The long wait doesn't guarantee the candidate's joining, often leading to offer dropouts and a frantic scramble for backups. ✅ Immediate joiners are the holy grail, yet most are serving notice with an eye open for better offers. ✅ It’s a tightrope walk of negotiation for recruiters to secure a joiner. ✅ COVID-19 showed us the pitfalls of long notice periods, with employees left jobless as new offers were retracted amidst the crisis. ✅ A shorter notice period could have softened this blow. ✅ Companies want a fast onboarding process yet are bound by a protracted notice period that hampers quick transitions. So, where do we go from here? Do we continue to let the 90-day notice dictate terms, or do we advocate for a modernized, agile approach that aligns with current market dynamics? It's a conversation we need to revive. What do you think?

Sometimes you have to step back. To reassess everything. To take a stand and see where you stand. To give yourself another chance to be better. We often beat ourselves up over things that are not working out. But we fail to take cognizance of the ones that did. Like they say 'You can't have the cake and eat it too' I guess that holds true in every sphere of our life. Its okay to take a step back. It will help you shape yourself better. Until later 🙌

Are we truly growing? Have we learned new skills? Are we advancing professionally? Sometimes, a simple shift in perspective can transform our approach and outcomes. Here are 5 mindset shifts that have significantly shaped my journey and can influence yours too: 1. From Obligation to Opportunity - Old Thought: "I have to attend another networking event." - New Thought: "I get to meet new professionals and expand my network." Every event, every task is an opportunity to grow and connect. 2. From Limitation to Possibility - Old Thought: "I can't lead this project effectively." - New Thought: "I can't lead this project effectively yet, but I’m going to develop the skills I need." Embrace the power of 'yet.'  It’s not about current incapability but about future potential. 3. From Rejection to Redirection - Old Thought: "They didn’t accept my proposal; I’m not good enough." - New Thought: "They didn’t accept my proposal; this is a chance to refine it and try a different approach." Rejection is not a dead end but a detour to better opportunities. 4 & 5 continued in the comments 👇

If you are undergoing a stressful time, hope this small tips help you beat it and ease your woes. #mentalhealth #friday #stressbuster