【NEW DELHI】Domestic companies are going slow on expat hiring while sharpening their focus on getting Indians with requisite global experience, and this trend is likely to continue for two more years, HR experts say.
Companies are now focusing more on budgets and are trying to find the same kind of exposure and experience from Indian talent that expats can offer. Expat hiring was growing at the rate of 10-12 per cent annually till 2012. Since last year, however, there has been a major decline and this dip is likely to continue for a couple more years, experts said. "It is not the rupee depreciation or otherwise but for the fact that it is the required competency level complementing the requirements of Indian companies," GHCL Ltd HR Head Rajesh Tripathi said.
○No fee hike, students to pay back IIM-A when they earn
【Ahmedabad】In a first, graduating students from the Indian Institute of Management Ahmedabad (IIM-A) have decided to pledge Rs 200 per month in favour of the institute from their salaries for one year.
"This is commendable because they are doing it even before they have received their first pay cheque," said Ashish Nanda, director, IIM-A. The institute had a 2012-14 graduating batch size of 429 students for its flagship management programme, 85 for its postgraduate programme for executives and 10 for its fellow programme in management.
In a similar gesture in 2010, students from the Indian Institute of Technology, Bombay (IIT-B), had launched a fund-raising drive called 'Give one for IIT-Bombay' where every alumnus, part of the voluntary movement, pledged 1 per cent of their salary to IIT-B every month. IIT-B planned to use the funds to meet various needs such as infrastructure, joining bonus for faculty, green initiatives on the campus or a benevolent fund for the faculty members and staff.
【News source】
Domestic companies go slow on expat hiring; turn to Indian talent
No fee hike, students to pay back IIM-A when they earn
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