News: Companies defer expat hiring %26 turn to Indians

C-Suite

Companies defer expat hiring %26 turn to Indians

With the rupee's rout pushing up the cost of hiring expatriates, companies are increasingly deferring hiring decisions or issuing mandates to get on board Indians with the requisite global experience, Economic Times reported. Conservative estimates from hiring agencies and HR pundits suggest that hiring of expatriates across levels is down 15-20%. The situation is unlikely to improve anytime soon, they say.

With the rupee's rout pushing up the cost of hiring expatriates, companies are increasingly deferring hiring decisions or issuing mandates to get on board Indians with the requisite global experience, Economic Times reported. Conservative estimates from hiring agencies and HR pundits suggest that hiring of expatriates across levels is down 15-20%. The situation is unlikely to improve anytime soon, they say.

"We have seen some decline in expat hiring activity at the beginning of the year. Due to several factors, expected decline this year would be 15-20%. Before that, expat hiring was increasing at 10-15% annually during the past five years," said Rajesh Kumar, chief executive officer of MyHiringClub.com, a recruitment-tendering platform for Asia and Gulf/Middle-East.

Read the full report here

Read full story

Topics: C-Suite, #Corporate

Did you find this story helpful?

Author

QUICK POLL

What kept you sailing through your work life in 2020?

2 months free subscription
q_auto,f_auto/v1609761877/mag-january-2021.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :