Global Headhunting & Recruitment Solutions in India
Why create a global recruitment strategy?
Creating a global recruitment strategy is essential for companies that are looking to expand their operations globally. Such a strategy enables a company to attract and recruit the best talent from around the world, which is crucial for a successful expansion. Here are some reasons why creating a global recruitment strategy is important:
- 1. Access to the best talent: With a global recruitment strategy, companies have access to a wider pool of talent. This is particularly important for companies that operate in highly specialized or technical industries. By casting a wider net, companies can attract and hire top talent from around the world.
- 2. Diversity and inclusion: A global recruitment strategy allows companies to diversify their workforce, which can lead to increased innovation and creativity. When employees come from diverse backgrounds and cultures, they bring different perspectives and ideas to the table, which can help a company stay ahead of its competition.
- 3. Cost savings: A global recruitment strategy can also help companies save money in the long run. By hiring employees from regions where labor is cheaper, companies can reduce their overall labor costs. Additionally, a global workforce can help a company to operate 24/7, which can lead to increased productivity and revenue.
- 4. Talent retention: A global recruitment strategy can also help companies retain their best talent. When employees feel that they are part of a global organization that values their contributions, they are more likely to stay with the company long-term.
- 5. Competitive advantage: Finally, a global recruitment strategy can give companies a competitive advantage. By hiring the best talent from around the world, companies can differentiate themselves from their competitors and position themselves as leaders in their respective industries.
Why hire talents in India?
Hiring talent in India has become increasingly popular for companies around the world. India is a country with a large pool of skilled professionals, and many of them are fluent in English, making it a particularly attractive destination for companies that operate in the tech industry. Here are some reasons why hiring talent in India can be advantageous for companies:
- Large pool of skilled professionals: India has a large pool of skilled professionals in various fields, including software development, engineering, finance, and marketing. These professionals are well-educated and have the necessary skills to meet the needs of companies in various industries.
- Cost savings: The cost of labor in India is generally lower than in other developed countries, making it an attractive option for companies looking to save on labor costs. For example, the salaries of software developers in India are typically lower than in the US or Europe.
- English language proficiency: English is widely spoken in India, and many Indian professionals are fluent in the language. This makes it easier for companies to communicate with their Indian counterparts and ensures that there are no language barriers in the workplace.
- Time zone advantages: India is located in a time zone that is advantageous for companies in the US and Europe. This means that Indian employees can work during the night or early morning, allowing companies to provide 24/7 services to their customers.
- Culture of innovation: India has a culture of innovation and entrepreneurship, and many of its professionals are highly motivated and eager to work on challenging projects. This makes it an attractive destination for companies that are looking for talented individuals who can help them to innovate and grow.
- Government support: The Indian government has implemented policies and initiatives to support the growth of the tech industry in the country. This includes tax incentives, grants, and other forms of support for startups and established companies alike.
How much does it cost to hire talent in India?
The cost of hiring talent in India can vary depending on a number of factors, including the specific role, level of experience, location, and industry. However, here are some general estimates based on industry averages and data:
- Software development: According to Payscale, the average salary for a software developer in India is around INR 526,000 per year (approximately USD 7,250). However, salaries can vary widely depending on the specific role, level of experience, and location.
- Engineering: The average salary for an engineer in India is around INR 446,000 per year (approximately USD 6,150), according to Payscale. Again, this can vary depending on the specific role and industry.
- Finance: The average salary for a finance professional in India is around INR 698,000 per year (approximately USD 9,600), according to Payscale. However, salaries can vary widely depending on the specific role and level of experience.
- Marketing: The average salary for a marketing professional in India is around INR 613,000 per year (approximately USD 8,440), according to Payscale. Salaries can vary widely depending on the specific role and industry.
Employee labor laws in India
Working Hours in India
The standard working hours in India are typically 9 hours per day, or 45 hours per week. However, this can vary depending on the industry, company, and specific role.
In some states, such as Karnataka and Maharashtra, the government has mandated a maximum of 48 hours per week. In these states, if an employee works more than 48 hours in a week, they are entitled to overtime pay. Additionally, Indian law requires that employees be given at least one day off per week, although the specific day off may vary depending on the company and industry.
Minimum wage
As of September 2021, the minimum wage in India ranges from INR 176 (approximately USD 2.40) per day to INR 599 (approximately USD 8.20) per day, depending on the state and type of work. The highest minimum wage is found in the state of Delhi, while the lowest is found in the state of Tripura.
General taxation
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Income Range
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Income Tax Rate
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|---|---|
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INR 2.5 lakh - INR 5 lakh
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5%
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INR 5 lakh - INR 7.5 lakh
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10%
|
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INR 7.5 lakh - INR 10 lakh
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15%
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INR 10 lakh - INR 12.5 lakh
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20%
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Hire the best talent in India with EER Global
EER Global offers a thorough, personalized, and expert approach to sourcing top talent for your organization. By carefully evaluating and pinpointing the ideal candidate for your specific role, they can spare you the time and resources that would otherwise be wasted on hiring the wrong person.
Leveraging their industry expertise and extensive network, they are adept at identifying the most outstanding candidates in the job market, enabling you to promptly and effectively fill your positions. Moreover, they can provide valuable insights and guidance on the recruitment process, empowering you to make informed decisions that align with your business objectives. If you are seeking to recruit in India, do not hesitate to reach out to EER Global’s dedicated team of professionals for further details.
