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What's Happened To

Hiring?

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Introduction

Cutting excess fat Closing Doors

Adding men to your

troops

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Trends In Hiring

Quarter 1 2009 - 22% expectingheadcount to increase while 4%predicting a decrease

Management Institutes faceUncertainty

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MIXED REACTIONS

IT Sector

Wipro To Do More With Less (Source: 29 Oct' 08ibnlive.com)

TCS is cautious about their hiring plans .

(Source : Dec 1308 Business Line)

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MIXED REACTIONS

Banking Sector

HSBC mulls layoffs (Source: 22 Nov' 08Hindustan Times)

SBI To Recruit 4,200 Clerical Staff (Source:03 Dec' 08 Hindustan Times Business)

IOB To Recruit 1,000 People (Source: 12'

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MIXED REACTIONS

Aviation industry

Jet Airways offered a voluntary retirement scheme tomore than 300 of its staff and announced salary cuts.

Kingfisher announced that 300 employees had partedways with the company

IndiGo, is on the look out for more.

(source: Nov 10 2008,Business Line)

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MIXED REACTIONS

Telecom Industry:

Telecom companies plan to hire over 16,000people,

15 to 20 per cent more than last year(Source: Nov 2008,Business Line)

Construction Industry :

Predict the strongest hiring plans amongall industry sectors surveyed.

(Source: Manpower Employment OutlookSurvey )

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Employer Psychology

Employee as aresource

Two Phases existsin the market

Bull Phase

Bear Phase

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Employer Psychology contd.

Two Kinds of Mindsets dominate in abear phase of a stock market

The Zeitgeists Herd Psychology

Risk Mitigator

Contrarian Investor

Companies follow similar mindsets

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The Zeitgeists - HerdPsychology

Follow the Tide TheMantra

Freeze on hiring may bedue to

Direct decrease in

demand Anticipated decrease in

demand

Following the other

companies

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Risk Mitigator

Contractual WorkForce (CWF)

TCS- Benchersshifted as CWFs

Internal Transitions

Wipro - 13,500engineers for BPOs

http://en.wikipedia.org/w/index.php?title=Michael_O%E2%80%99Higgins&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Michael_O%E2%80%99Higgins&action=edit&redlink=1

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Contrarian Investor

Counter Cyclic Hiring

DOGS OF THE DOW Michael Higgins

http://en.wikipedia.org/w/index.php?title=Michael_O%E2%80%99Higgins&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Michael_O%E2%80%99Higgins&action=edit&redlink=1

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Future

Death of retirement

Directed Creativity Value Analysis

Employee Life Time Value

Applying customer Selection Grid Outplacements

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What will help ???

Employee Demand Forecasting

Managing Portfolio

Designation Management

Pillar and Beam Structure

Your Challenge!!!!!

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Hope It Made Sense..