Call it optimism or the Modi factor.
With investors and analysts across the globe betting on India’s growth story ever since the Narendra Modi-led government came to power last year, the flow of resumes from expats seeking jobs in the country has gone up by over 50% in the last one year.
“Especially at the CEO and CXO level, the inflow of resumes has gone up by over 50%,” said Ronesh Puri, director, Executive Access, an executive search firm, which is handling several such negotiations on behalf of expats. “Some of them are even willing to take salary cuts in exchange for a couple of years of experience in India. Some of the candidates have never been to India and some can barely speak English, yet they are very keen to work here.”
While working on the vacancy of a global telecom project manager, the client of Career Shapers HR Consulting, a HR consultancy, asked them to get professionals from West Asia where similar projects got implemented few years back. It looked a challenging task as the salary on offer was likely to be a little less. “But we contacted few professionals who did show lot of interests and the opening was closed well before time,” said Jivan Pant, director, Career Shapers HR Consulting.
Keeping with the trend, headhunters are hiring staff with experience in handling negotiations with expats. Consider this: Antal India, an UK-based consultancy that handles executive level requirements, plans to hire consultants from several countries, who bring with them qualities of being methodical and process-driven.
“Our China leadership positions are all occupied by British citizens and the same can happen in India going forward, with the advancement in economy,” said Mayank Chandra, managing partner, Antal International.