The Indian HR industry is at over Rs. 25,000 crores with recruitment constituting Rs. 20,000 crores
The HR function evolved through World War II when 20 lakh personnel were hired between 1941 and 1943. That was the genesis of HR as a function, and since it happened in the USA, US has an edge over the rest of the world when it comes to HR, especially in terms of depth, innovation and talent maturity. While the US is way ahead in terms of depth and innovations in HR, India is an unmatched ground to see the impact of HR interventions and experiments unfold within compressed time-frames as growth in this market is exponential and telescopic. The Indian HR industry is at over Rs. 25,000 crores with recruitment constituting Rs. 20,000 crores. Two areas where which will see major interventions from the HR technology perspective are recruitment and learning. The way we source people is going to change through technology and this will transform the process of recruitment itself. Secondly, the way people learn is changing fundamentally. Gamification is going to play a major role where people will learn through games rather than standard formats.