Recruitment

Lets write today of something I am professionally involved in. Recruitment. I love this field. Though this isnt orginally that I started my career with, but its seamlessly connected with Sales & Marketing ( Prima Facie of my career). Recruitment industry in India is on a boom. You people must have heard of the term " Demand-Supply gap" of talent pool in India. Lets discuss this for a while. Shall we?
There is a law of economics that coins the demand-supply aspect as follows, " When the demand equals the supply its commodity, when the demand surpasses the supply its speciality and when the demand is less than the supply, its liablity."
Our recruitment scene follows this law, but there is a slight modification over here. In India, talen is realtivelygreat. Giving the statistics, Indian universities are expected to produce 400,000 engineers, about 100,000 managers and about 2.5 million graduates. Wow! And given the current scene, just 4 sectors-IT/ITES, Telecom, Retail and Financial Services are expected to add about 500,000 jobs this fiscal year.
Then why-o-why are the companies still facing a dearth of talent? If we zero-in on the aspect of quality, some fault rests on the education system. Then the IT boom is stripping talen of other sectors as the MNC's go on to increase the breadth of their operations. To give a rough idea: Infosys selects about 3-4 people fo the 700 intervieews. A conversion rate of less than 2.2 %.
Now the question rests, is the demand really more than the supply? In numbersm yes. But in quality, no. Then what can be done for these people to bring them upto the level so that they can be converted from liablity into specialty?
I will think about the same and write......