Consultancy industry

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Transcript of Consultancy industry

OVERVIEW OF SECTOR-CONSULTANCY AND ONLINE TRAINING

PRESENTED BY:

ANKIT PORWALTEJESHRI MODAKSUPRIYA MOHITESWATI KIWADA

Jain College of Engineering,Management Dept. Belgaum

Contents

• INTRODUCTION TO HUMAN RESOURCE CONSULTANTS• HISTORY OF CONSULTANTS• ROLES AND RESPONSIBILITIES OF HUMAN RESOURCE

CONSULTANTS• ORGANISATION STRUCTURE • PRESENT TRENDS IN INDUSTRY• EMPLOYMENT OPPORTUNITIES IN INDUSTRY• FUTURE CHALLENGES• ONLINE TRAINING• COMPANY-RANDSTAD CONSULTANTS

Introduction• Human resource is the most precious resource for any

organization. Recruitment of right person on the board of a company is indispensable for success of the organization.• Human resources solution providers consist of dedicated

team of experts which provides its clients with workforce solutions like hiring right candidate (temporary and permanent nature) to streamline the human resource processes at the clients end.

HISTORY OF CONSULTANTS

Recruiting began with the military and dates all the way back to ancient Egypt, Greece and Rome.

HR in India• Starting from independence until the mid 70s was purely transactional and

focused on industrial relations. • From the 70s, the focus shifted to personnel management and this continued

until the early 90s. • HR, as a function, evolved post liberalization era when global business standards

were introduced and the competition for talent intensified. • The HR buyer began to look keenly into recruitment services to gain access to a

larger pool of quality talent.• There are three markets of HR buyers in India• Multinational corporations with access to global markets• Homegrown owner-promoted companies• SME and small companies.

In India, recruitment services started about 20 years back when the economy got liberalized and there was a sudden Hike in the demand for talent.

HR CONSULTING• Consulting services in India comprise

• Strategy consultants, Niche boutique consultants, recruitment consultants, business consultants, IP or knowledge consultants, leadership consultants, and system integrators.

HR TECHNOLOGY• HR technology was the late entrant in the technology space in India. While

other enterprise technology platforms have seen a great deal of evolution, the HR technology space is far behind other technology sectors in terms of maturity. HR technology developed in the West in three phases or layers.• Automation of administrative tasks• Management of the talent lifecycle within the organization• Integrated solutions

OUTSOURCING SERVICES• These services typically cover the complete breadth of the employment

lifecycle and include services such as candidate assessments, payroll and benefits, RPO, training process outsourcing (TPO), engagement, performance management, and exit and outplacement services.

HR CONSULTANCY IN INDIA• There are on an around 1900+ consulting firms in India.• Top Consultants of India• Global Hunt• Ambrosia Synergising Methods• New Star Consulting• Careerist Management Consultants• Reliance Quality Consultants• ABC Consultants Pvt Ltd• Amritt Ventures • Catapult Management Resources Private Limited • Dev Solutions

• The main sector of HRC is Information Technology(IT).

Major clients (Sectors) of Consultancy

Organization structure of a consultancy

www.indianmanpower.com/organize.htm

The services that consultancies' offer include :

1. Hiring2. Compensation & Benefits3. Evaluation and Management (Appraisals / Trainings / Work

enhancement methodologies)4. Promotions5. Managing Relations (Employee vs. Employers vs. Departments vs. Divisions)

Recruitment process in consultantsRecruitment process is core area of operation. Right

selection of a candidate helps us to build a successful relationship with clients :

Breaking Down Clients’ Brief Sourcing Approach as per the Candidate Profile RequiredFirst Round of InterviewSharing profiles with the ClientCoordinating Final Interview in liaison with the ClientOffer and further Negotiations

Market Trends

• Rise in Contract Hiring: Cost savings on training Small and medium-sized organizations, specifically from the IT

industry, are employing temporary workers

• Mergers and Acquisitions : Increase in the trend of private equity transaction as a route of

expansion among HR service providers.

• Increasing Use of Social Media Use of social media channels (like linkedin, facebook, twitter)

to screen potential hires as it offers recruiting managers a larger applicant pool

Contd…• Rising Popularity of Recruitment Portals:

Recruitment portals have emerged as the most popular source for hiring resources, followed by references, and recruitment agencies

• Outsourcing HR services: RPO (recruitment process outsourcing) refers to outsourcing of

recruitment process of organizations by transferring all or some part of the recruitment process to a third party

Outsourcing of recruitment process helps to save organizations’ recruitment cost

Current career opportunities

Consulting is the business of providing advice to firms in trouble, on the move, or trying to do what they do better, faster, and more cheaply. It is one of the fastest growing industries in today's corporate world and one of the most popular career choices for new MBA's.

• Job Titles • Research Assistant, Research Associate, Analyst, Business Analyst,

Research Analyst, Associate Consultant

Future Challenges for Indian Consulting firms

• After Independence, the Indian Government had focused on investment in core industrial sector and infrastructure. The investment in these sectors attracted various construction and engineering companies to explore the business opportunities and contribute their expertise in these sectors. Domain experts were required who could provide their core skill and competence in designing and building the core industry, dams, roads, buildings etc. Over the years, as the Indian industry started maturing, the Indian consulting industry also started expanding, not only in terms of size, but also in terms of the service offerings.

Demand & Growth

Coping to the Demand

Perception & Challenges • Expectations.• Data. • Experience.• Diversity

Qualifications need to get into consulting industry• Record of academic achievement• Presentation skills• Problem solving skills• Ability to cultivate relationships• Logical reasoning• Energy/stamina pattern of leadership• Business acumen• Quantitative and statistical skills• Team orientation• Facility with computer software• Writing skills

JOB PROFILES FOR FRESHERS

New graduate recruits• Carrying out research and data collection;• Conducting analysis;• Interviewing client’s employees, management team and other

stakeholders;• Running focus groups and facilitating workshops;• Preparing business proposals/presentations;• Spending the majority of time at the client's site.

.

JOB PROFILES

More experienced and senior consultants • Identifying issues and forming hypotheses;• Formulating and implementing recommendations/solutions;• Ensuring the client receives the assistance needed to implement

the recommendations/solutions;• Managing projects and programmers• Leading and managing those within the team, including analysts;• Larger leadership role in the management of client relationships

Online Training• Online training from India portal is designed to provide best

online training programs by experienced faculties working in MNC’s. If one to one online training program only one student is allowed in batch & in group training we will have group to 2 to 5 candidates.

Who can take these online courses?

• Online courses is open to working professionals recent graduates & students only requirement is that students should have strong desire to learn & willing to work real hard & do all assignments.

*Online Courses

• SAP• NSE Certification• IRDA Certification• Diploma in business continuity management• New Diploma in business continuity management(ISO22301 specialist/ lead

implementer)• CCM: Certified Continuity Manager-Exam• CCM Exam(ISO 22301 specialist)• Associate continuity manager(ACM)EXAM• Project Management course-1 month• Supply Chain management course-1 month• Production & Operation management-2 month• CCNA Training• Certification of Financial Planning• Certification of Web Marketing.

RANDSTAD CONSULTANCY• Founded in 1960 and headquartered in Diemen, Netherlands• Randstad is a € 16.6 billion global provider of HR services and the

second largest staffing organization in the world.• From temporary staffing to permanent placement to search &

selection, HR Solutions and Inhouse, Randstad holds top positions around the world and has approximately 28,030 corporate employees working from 4,587 branches and inhouse locations in 40 countries.

• It is India’s No.1 HR Services Company with 20 years of leadership

• Ma-Foi Management Consultants, the company was acquired in 2004 by Vedior. A leader in the HR industry in India, with 20 years rich history, Ma-Foi became a part of Randstad in 2008 as part of global acquisition of Vedior by Randstad.

Core activities of Randstad• Randstad describes its mission as ‘taking the lead in shaping

the world of work’

• Randstad divides its activities into several business areas, which it calls service concepts:• Temporary and contract staffing• Professionals / search & selection• HR solutions• Inhouse services

Recent Opportunities created by Randstad

Webliography• www.hrsolutions.net• www.corporatehrsolutions.net• hrindiasolutions.com• en.wikipedia.org

Thank you..