India has got talent and Standard Chartered Bank understanding this plans to take a dip into this pool to help it scale up its operations in the Indian as well as global markets.
“India is our biggest talent factory with the talent here making up for about a quarter of our global operations,” David G. Thomas, head of human resources — Asia, Standard Chartered Bank (Hong Kong), told Hindustan Times.
The country has, in fact, emerged as one of the key talent exporters to the bank’s overseas operations too.
“There are a number of Indians working across our locations globally. The advantage that Indian talent brings to the table is the competitive educational system. Also across the nationalities that we hire, we have found that the idea of working in another country appeals to the Indian who is excited to explore new opportunities,” said Thomas.
“Right now we are looking at getting about 50 foreign nationals working in our Indian operations by the end of this year,” said Thomas, adding that this kind of exchange is healthy as they help in improving the cultural DNA of the organisation.
The bank, which has aggressive plans for its India operations, is on a hiring spree, looking at bringing approximately 2,000 new staff on its roles before the end of 2009.
“We are looking at hiring on all levels with a special focus on mid-level hiring. We now have an increasing number of wholesale customers as well as retail customers and we are looking at getting more relationship managers on board,” he said.
The global recession has reinstated the bank’s confidence in India. “Even though Standard Chartered as a bank did not have to resort to government aid, like many other banks, recruitment did take a beating as we recruited lesser people during the year than we normally would have, though there never was a freeze on new hiring,” said Thomas.