Do we have a real talent crunch in India as projected by different professionals and consultants? Or do we have the crunch of RIGHT talent? Or is it artificial scarcity of talent? Anybody coming out from the school needs training, how our skill development programmes are? There are lot of questions and we need to address those with right mindset.
There are lot of hiring mistakes which we do tenaciously. I have seen, hiring manager hiring CA for account keeping jobs, diploma for doing workmen job and engineers just for supervisor jobs.
Do really we need overqualified candidates for filling moderate jobs? If yes how you address their aspirations? And if you have highly aspirants people do you have opportunities for all?
I think we have upgraded the qualification for the positions. Earlier there would be only one CA in team, today there are almost all CAs in account function doing the job of accountants. There are companies who have hired diplomas for doing workmen jobs, MBAs just for salesman job. Candidate are highly qualified but not employable, however their expectations have been increased a lot. This is resulting high employee attrition, dissatisfaction.
This is a real time to correct this and have a moderate expectations from candidates. If you hiring MBA, just expect that he is just qualified, but ask the question, is he employable for the job? Simple graduate may be smart than the MBA graduate. Anyways you have to spend lot of time to develop both.
I have challenged my functional managers on hiring overqualified candidates. Earlier we used to hire Engineering or MBA graduates for SCM who were doing customer support and commercial jobs. The attrition was high, employees were not happy. They were just speaking with customers, planning deliveries, scheduling production and arranging documentation. Can’t graduate employee perform this job? Yes. We changed the hiring strategy and today this group is most engaged and doing good job.
We should not blame the market, colleges. We have to find out the mid-way and educate, sometime challenge hiring managers with right perspective.