Get ready for the change!

In these times there have been various views and debates from various segments asking questions like –

When will the industry turn around ? Will I be able to survive ? I don’t want to invest right now – “PLAY SAFE “ ? Watch and Wait ! etc … the same question also runs in my mind at times ….
And I also want to find and know the answers…

I decided to get the right answer…so let me put the questions -
Is this really happening ? Is the effect so bad that there is no business around ?

On my various visits to customers across India- corporate , consultants, small and big – I made it a point to ask them these warring questions, to understand their views and opinions. Most of them were pessimistic in their approach and did not want to face the reality and ask question to themselves like,
Am I doing the right things?
Am I heading into the right direction?

Not being able to ask and answer such questions is truly understandable from their point of view. Take a look at all the approaches, corporates or companies are taking. Their take is to

• Cut down unwanted resources
• Retain the right candidates
• Find and train new leaders within the same team and so on…

So which direction are they heading towards? They are preparing themselves for the high tide in the economy so that they are ready for the change when and as it happens. All this would only be possible if they have the right tools and the right people in place. The demand for new recruits would come but again not in quantity but quality. But will the companies who are in the recruitment space and who will survive this time be able to handle this when required?

During the boom everyone wanted to get into the recruitment business as the demand was huge – so were the rewards. With the turn of events many of them vanished overnight; some survived closely by cutting corners , but many perished. Though there are still many players who are there, they are asking one question – How do we convert this into a win-win situation when the turnaround happens?

Some of the vendors I met have started putting their processes in place , centralizing their data at one place as a first step. This would help them to meet the demand of their customers when the turnaround happens a view which has been shared by most of these players who are there to stay.