The economies might still be recovering from the effects of the pandemic but the hiring trends have evolved tremendously. The practice of remote hiring caught immediate wind during the pandemic and has been on the rise ever since. ARDEM Incorporated understands the benefits attached to remote hiring, therefore, conducting a global talent hiring.
India is a hub of talent owing to its population, and different cultures. Around two-thirds of the population of India are counted as young citizens aged 35 years or less. Not to mention, the exchange rate of the US Dollar to the Indian Rupee makes the cost of labor affordable to US companies. Indians can be found at the top designations of companies owing to the abundance of talent. ARDEM Incorporated recognizes this and proudly carries out the process of hiring talent in India.
Let’s study the factors behind the increasing trend of remote hiring in India, the advantages of English proficiency to an Indian worker, the trend of hiring technical talent in India, and how India leads in the outsourcing of service work.
Rise of The Remote Hiring Trend in India
With more Foreign Direct Investment (FDI) and improved technology usage by the remainder of India’s growing population, the increase of remote hiring talent in India as well as hybrid workplaces is further accelerating. ARDEM Incorporated scoops India when hiring globally for back-office or any other designations. The hiring trends suggest that a knowledge worker in the most remote community may become part of an MNC working remotely in less than a decade.
Remote hiring Indians is a quick and efficient solution for ambitious firms looking to expand. Outsourcing work to remote talent in India can help to alleviate the problem of layoffs. One of the most significant advantages of outsourcing during times of recession is that you conserve a lot of money on taxes, enrollment, and administrative expenditures. When everything about operating a business is unanticipated, remote hiring talent in India might help to mitigate some of the most significant risks.
India is one of the world’s top locations for hiring global technical talent. While India has one of the world’s fastest-expanding economies and populations, it lags behind in terms of labor possibilities. A number of Multinational Companies (MNCs) have been hiring technical talent in India due to an abundance of expertise in India. The MNCs also take advantage of the country’s comparatively inexpensive hiring expenses combined with highly competent IT personnel who are fluent in English. There are numerous factors influencing the growing trend of remote hiring talent in India.
India is positioned to be among the leaders in producing such talent as the employment market continues hiring global technical talent. With more than half a million software engineers and programmers graduating each year, India is the world’s leading producer of proficient English tech talent, thus, increasing the remote hiring trends. No other country generates the same quantity or quality of tech personnel who speak English and have extensive experience working with multinational organizations.
We may also expect the global recession to exacerbate these hiring trends, as corporations are under pressure to cut costs and implement more cost-effective choices, providing Indian professionals with a distinct competitive advantage. This is one of the important factors for companies to consider Indians when conducting global talent hiring. It must be noted that opportunities for remote hiring are not limited to computer technology.
Advantages of Being Proficient in the English Language
English is a worldwide language. It has become so crucial in our daily interactions that even people’s qualifications and hiring trends are determined by the extent to which they comprehend the language. Globalization has prompted indigenous firms to think outside their borders. People nowadays don’t mind taking on tough and rewarding abroad assignments. Because English is spoken in the majority of countries, language is no longer a barrier for those who want to settle in other countries. Companies have also begun outsourcing and hiring global talent for accounting and other job posts with good command of the language.
One of India’s strengths is its command of the English language. With around 265 million people speaking English, it is the world’s largest English-speaking country. This is among the causes why many multinational corporations prefer hiring talent in India. The country has also given a significant number of vocabularies to modern English, many of which have made their way into mainstream dictionaries. Employees are constantly kept on their toes as private sector enterprises gain ground and become more competitive as a result of the changing global economy.
Indian workers gain the following advantages when they have a good command of the English language.
Meet the Expectations of the Organization
Companies desire employees who can read and comprehend written content in the form of legal documents. The capacity to articulate formal communication in both spoken and written form is valued equally by prospective employers. As one goes up the organizational ladder, it becomes increasingly important for an employee to be a competent presenter, negotiator, and meeting convener. A person’s command of the English language will enable them to carry out their responsibilities more effectively. It will also allow you to stand out from the plethora of applicants in the global talent hiring system.
English is among the world’s most commonly spoken languages, making it a universal means of communication. It enables Indians to network with people from different nations, do international commerce, and take part in global gatherings and discussions. ARDEM Incorporated is keen on hiring technical talent in India with good command of the English language. Because various organizations use a multicultural and multi-lingual workforce, English is the language that naturally unites people.
Useful in Job Hunt
Many Multinational Corporations (MNCs) have made investments and are expanding in India due to which they are hiring talent in India. These major MNCs are looking for skilled candidates, and one of their top needs is fluency in English communication. Being fluent in English gives you confidence and makes you a better communicator and presenter. This allows you to stand out at work and even confidently enter interviews.
Helps Develop Personality
It resonates in your personality when you comprehend a foreign tongue and know how to utilize it fluently and confidently. Every company, after hiring technical talent in India, gives you technical guidance in the first few weeks of your career, which helps you understand your role better. However, solid communication skills and confidence might assist you in standing out from the crowd.
Helps in Travelling
If your employment requires you to move around or travel frequently, you should learn a widely spoken language such as English. This will ensure that you have no problems while residing in a distant country. Requesting the things you desire and communicating your choices through English conversation throughout travel is considerably easier as a good English speaker.
The Demand for The Indian Education Pool
India is rapidly approaching an economy worth five trillion dollars by 2024. The country is quickly becoming a worldwide powerhouse. Due to various push-pull variables such as problem-solving approach, digital literacy, unwavering hard work, and a knack for adapting to new technology, the global corporate arena has become increasingly attractive to the Indian talent pool and is hiring talent in India. Transition is a natural law, and Indian genius has the potential to avoid this worldwide transition.
India has earned its rightful place in the internationally recognized information Technology sector. According to the United Nations Department of Economic and Social Affairs, India is the world’s greatest contributor of talent, with around 17.5 million Indians living in various regions of the world. The nation also possesses a low-cost edge, with prices 5-6 times lower than in Western countries. The following are some of the reasons why Indians tend to excel in various fields:
- India has an advanced educational system that produces employees with exceptional skill sets capable of meeting the needs of both domestic and foreign industries.
- Indians are a reliable source of talent for IT, software development, and occupations needing advanced technical skills. The companies hiring technical talent in India understand this.
- Some of India’s universities are recognized as among the best in the world, including the India Institute of Science (IISc) in Bengaluru, the Indian Institute of Technology (IIT) in Bombay, and the Indian Institute of Technology (IIT) in Delhi.
- Indians are raised in many groups, and cultures with distinct customs and languages, molding them into masters at negotiating complex situations and perfect for global talent hiring.
The Education Pool
According to the All India Survey on Higher Education Report (2019-20), student enrolment in higher education in India has increased by 11.4%. The Gross Enrolment Ratio (GER) of higher education has surpassed the 27% mark. 993 universities have specialized in diverse subjects such as agriculture, language, fine arts, law, management, medical, and technology among others, out of the 1,043 institutions listed on the higher education portal. Universities around the country have begun to emphasize creativity, critical thinking, global challenges, and general personality development. This progress has resulted in increased entrepreneurship and skill development in the country, thus, increasing the remote hiring talent in India.
Even though it is considered India’s great obsession, engineering is one of the most sought-after courses. This is visible in the sheer amount of engineering graduates produced by Indian institutions each year to supplement the number of practicing engineers in the profession. Aside from that, there are also some more notable engineering statistics in India:
- The Joint Entrance Examination (JEE), the largest single-day exam, attracted a record-breaking 1.4 million candidates.
- An astonishing 80% of 16 to 17-year-olds in India are interested in engineering.
- An Indian co-founder makes up about 16% of Silicon Valley firms, the greatest proportion of any immigrant community.
- The Indian Institute of Management (IIM) has 90% of its students studying engineering. All of the top ten most valued startups in the country have engineers as founders or co-founders.
- Due to the production of engineering graduates in the country, companies consider India first and foremost when hiring global technical talent.
Outsourcing Services to India
Outsourcing is a business practice in which a company contracts a third party to undertake non-core duties. This covers tasks like customer service, data entry, and others that do not need to be completed in-house. They engage third-party service providers to complete the work instead of doing it themselves. This allows them to concentrate on core tasks that are critical to the growth of their organization.
India is among the largest outsourcing marketplaces in the world. Cities like Bangalore, Hyderabad, and Mumbai are frequently among the world’s top destinations and hiring globally for back-office and other designations. Companies prefer outsourcing to India for a variety of reasons, including access to a vast talent pool, lower pay, as well as assistance from the National Association of Software Service Companies (NASSCOM).
Why India Leads in Outsourcing?
It is no doubt that India is the perfect destination for hiring global technical talent or hiring global talent for accounting or any other services. According to a recent survey, 80% of European and American outsourcing corporations identified India as their top outsourcing location. According to NASSCOM, about half of all Fortune 500 corporations outsource the development of software to Indian outsourcing firms. Despite the fact that several other nations such as China, Mexico, the Philippines, and Ireland have emerged as key competitors, India has been able to outmaneuver them all and become the leading outsourcing destination.
A number of factors such as favorable government regulations, rapidly increasing infrastructure, and an enormously talented workforce are to blame for the Indian IT outsourcing industry’s continued phenomenal growth rate of 25-30% every year. This figure encourages companies to consider India at the time for hiring technical talent in India. But again let’s understand why companies prefer to outsource their services to India, making it lead in the outsourcing market.
1. Flexible Pricing
The enormous cost savings that firms can get are one of the main reasons why India continues as a top outsourcing provider. This is primarily due to the large disparity in personnel costs between India and developed countries. This pricing flexibility gives businesses the freedom and inventiveness they need to manage their budgets and earn huge profits, thus, shifting the remote hiring trends.
2. High-Quality Services
While cost is an important consideration in outsourced services, the consistently high standard of service delivered by Indian outsourcing businesses has also allowed India to maintain its position as the top destination for outsourcing.
3. Talent Pool
Because of the large talent pool, many organizations choose to outsource to India. The Indian workforce is made up of qualified individuals who are familiar with world-class commercial practices.
4. Attractive Government Policies
The Indian outsourcing business has been backed by an enduring pro-IT government whose economic, GDP growth, taxes, power, telecom, industrial parks, and special zones policies have aided in the improvement of infrastructure and communications systems. The IT sector is recognized as one of India’s top five priority industries, and the government has enacted laws to maximize the benefits of IT outsourcing to India and increase hiring technical talent in India.
5. Proficiency in the English Language
When it comes to a large pool of talented and skilled people resources, India remains unrivaled. The country has a population of about 1.2 billion people, and each year, approximately 3.1 million graduates enter the labor force. India is also the world’s largest English-speaking nation, higher even than the United States and the United Kingdom combined.
6. Infrastructure and Other Services
India is the go-to destination when hiring globally for back-office. Modern India is well-developed, with cutting-edge telecom, internet service provider, and cellphone networks in all major cities and towns. Clients are provided with the most recent and cutting-edge software technology, providing customized solutions for a wide range of applications such as legacy system maintenance, e-commerce, system integration, etc.
7. Time Difference
Because of the advantages acquired from time zone differences, Indian outsourcing companies can deliver the shortest time-to-market. The 12-hour difference in time between India and the United States affords various possibilities for work to be done ahead of schedule, resulting in enhanced efficiency, increased productivity, and more time to focus on other critical activities. Due to the time difference, India is an excellent choice for clients looking to outsource a variety of service-related choices.
The concept of remote hiring is not a new concept but has caught wind post-pandemic. ARDEM Incorporated is always hiring talent in India for various posts. India has been established as the most desirable location for outsourcing services. It is important for an individual to enhance their knowledge and skills and be on their toes to be considered for global talent hiring.
ARDEM provides Business Process Outsourcing and Business Process Automation Services to established companies to help them improve operational Efficiency and Reduce Costs. For more information please reach out to us at email@example.com or call us at 908-359-2600.