Wednesday, August 15, 2012

Change in the definition of growth ? Not just number of employees or revenue, but also quality !!!

(Please don't think I am biased to favour the Indian IT industry, I am a part of the bandwagon so I include references to it)
Recently while talking to a senior executive at a company I came across this question written in the blog title, he mentioned that companies have recently started to realize that while growth is important, but increasing number of employees into the firm is no good way to achieve it.
In the last decade companies hired lots of graduates and staffed them into various projects outsourced from abroad. The resources were shown to the clients as resources waiting to start executing the projects. More the resources more chances of getting newer projects. 
One good thing which the recession brought in was growth of analysts and consultants.
10-12 years down the line HR analysts realized that companies have grown to fat sizes and that this is no good way to grow. By simple high school math one can figure out that by increasing resources and doing the same amount of work reduces productivity per resource !
This meant improvising the existing talent so that productivity and revenue both could be increased.
This doesn't mean that we need to stop hiring at the entry levels in the future but we need to definitely get the best people at entry levels itself. By hiring quality people at the entry level, companies will get better people at higher levels in the future. Better people means more quality work is done, ensuring client satisfaction and finally growth in terms of revenue.
So it seems, gone are the days of rampant and blind hiring at colleges during final/pre-final years of graduation. If you are reading this and if you are looking for a job then its time to be not only talented, but also to do your work in a qualitative manner rather than just quantitatively. To tell you the truth, if you are good, people will like to stay with you and companies will make efforts to retain you (in cash or in kind). But if you ain't good nobody cares, there is a huge ocean of people waiting to showcase their skills and talent.

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