News: Genpact to hire 10k, inks deal with ICFAI to enhance skills


Genpact to hire 10k, inks deal with ICFAI to enhance skills

Demand for analytical jobs is the reason behind Genpact’s hiring and skilling plan.
Genpact to hire 10k, inks deal with ICFAI to enhance skills

New Delhi: Genpact is planning to hire around 10,000 professionals for its India operations by December 2016.  The company has already signed a deal with the ICFAI Business School to make students industry-ready. It is also looking to set up another site in India as the demand for analytics is increasing rapidly. According to Amit Bhaskar, VP-Head, Financial Services Analytics, Genpact, “Demand for analytics professionals is going through the roof. Genpact is planning to hire close to 1,400 people for its global BFS and analytics operations every year, including 400 in the analytics space.”  

Out of the 10,000 new recruits, 3,000 will be based at its Hyderabad campus. The company currently employs around 70,000 people globally, of which two-thirds is based out of its four India centres. Of this, banking and financial services (BFS), and analytics staff account for nearly 45%.

Genpact and ICFAI Business School’s latest initiative is a part of a programme which is the latters efforts to make students brace for the corporate world. Through this programme which will be integrated with their regular curriculum, the MBA students will be exposed to research and analytics tools and solutions by working closely with the team from Genpact. The partnership will also include faculty-industry interactions, guest lectures by subject experts from the Multi-National and joint workshops.

Genpact has already collaborated with the Institute of Management Technology, Ghaziabad, two universities in Kolkata and a couple of varsities in the US. “We are in advanced stages of negotiations with two universities in Europe and one in Australia to sign similar structured partnerships,” Bhaskar  said, adding that upon completion of the programme, Genpact would absorb students into its analytics practice.

According to S. Venkata Seshaiah, Director, IBS Hyderabad, the latest initiative is part of the institute’s efforts to make students brace themselves for the corporate world. 

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Topics: Recruitment, Skilling, Learning & Development

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