Building leadership skills is a priority for India Inc.Randstad Workforce 360 Survey: HR Game Changers 2014

Mumbai, 23rd January 2014: As growth momentum continues to shift towards emerging countries like India, its growing knowledge based economy will demand for new and adaptive capabilities with a key focus on leadership skills, reveals the Randstad Workforce 360 survey. 49% of Corporate India says that developing leadership skills for the next phase of business growth is a key productivity challenge faced by their organization. The Randstad Workforce 360 survey provides an understanding of the HR Game Changers for 2014, through insights from around 500 HR leaders in India.

Today’s business leaders believe that success depends on their ability to understand and adapt their workforce at warp speed. When it comes to recruitment, they are certain of who will benefit their organization the most. The survey reveals that in the next one year, 50% of Indian employers are inclined towards recruiting knowledge workers into the organization.

Commenting on the findings, Mr. Moorthy K Uppaluri, CEO, Randstad India and Sri Lanka said - “There are three types of companies based on their growth trajectory: companies with exponential growth, companies that start growing fast but then level off, and companies that experience sluggish growth. In all three segments, no matter what stage of its lifecycle the company is in, people are at the core of the business. And, in an economy like ours, there is going to be a high emphasis on leadership skills and knowledge workers.

Moorthy further added that “HR and Business leaders should look at arresting brain-drain and create a culture to attract, develop and empower talent. This will automatically lead to increased productivity, business growth and career progression opportunities. Also, an optimum balance between leaders and knowledge workers is critical for sustained profitable growth.” 

Other Key Findings: 

49% of Indian employers believe the top productivity challenge faced by them in the year ahead would be developing leadership skills among employees to drive business growth. Sentiments shared by other Asia Pacific countries: Singapore (52%), followed by Malaysia and New Zealand (49%), Hong Kong (48%), Australia (46%), China (41%).The biggest challenge that talent leaders face in Indian organizations is increasing Workforce performance and productivity which accounts for 19%. In other countries like China, Hong Kong, Australia and New Zealand the productivity challenge accounts for 25% respectively, followed by Singapore (22%), Malaysia (17%).41% of business leaders in India are confident that the education system will deliver the required skills. Employers in New Zealand agreed the most (48%), followed by Australia (46%), Singapore (40%), China (37%), Hong Kong (33%) and Malaysia (22%)50% of the India Inc is confident of recruiting knowledge workers in the next 12 months. In other countries the confidence levels are - 68% in Singapore, 63% in Hong Kong, 57% in New Zealand, 55% in Malaysia, 53% in China and 44% in Australia. 26% of Indian employers will undertake recruitment in temporary or contract basis to address talent scarcity in the next 5 years. This is highest in Australia with 29% followed by New Zealand with 26%, Singapore and Malaysia with 24%, Hong Kong with 20% and China being the lowest with 13%56% of Indian organizations rate their ability to attract top talent which records the highest in comparison to other countries like New Zealand, Singapore & Australia at 47%, 40% for Hong Kong, 39% for Malaysia and 36% for China.34% of Indian employers feel that management's concern about employee productivity is the single biggest barrier to offering flexible work options. Malaysia tops this list with 48% followed by Hong Kong at 34%, Singapore 27%, Australia & New Zealand 26% and China records the lowest with 24%.43% of Indian organizations feel that women in leadership positions will be a critical success factor. China records the highest with 51% followed by Singapore, Australia and Malaysia with 47%, New Zealand with 44% Hong Kong with 41%.
About Randstad India

 Randstad India offers the broadest HR services portfolio ranging from Staffing, Search & Selection, HR Solutions and In-house Services. The organisation has a vast network of offices across the country to be within the reach of clients, candidates and flexi workers. The company, previously called Ma Foi is a leader in the HR services industry in India for the past 20 years and became part of Randstad through its global acquisition of Vedior in 2008. Randstad is the global #2 HR services provider active in 39 countries across the globe. Randstad India continues to focus on developing customized and innovative HR services, leveraging on its unique strengths of geographical presence and end-to-end capability across all HR service functions.

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About Randstad

 Randstad specializes in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placement to in-house, professionals, search & selection, and HR Solutions. The Randstad Group is one of the leading HR services providers in the world with top three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland, the UK, and the United States as well as major positions in Australia and Japan.

In 2012 Randstad had approximately 29,300 corporate employees and around 4,500 branches and in-house locations in 39 countries around the world. Randstad generated revenue of € 17.1 billion in 2012. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding Nv. is listed on the NYSE Euro next Amsterdam, where options for stocks in Randstad are also traded.

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For more information please contact:

Srivathsan S. 
Randstad India

Arjunan Ramakrishnan
Mob: 9381290284