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Business Line November 24, 2008
Recruiters headed for slow-growth phase |
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Business Line October 22, 2008
Cos going slow on lateral hires |
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The Times of India Monday October 20, 2008
Pink Slip Blues |
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The Times of India Friday October 17, 2008
Recruitment market shrinks; hirers in a fix |
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The Economist Times Friday October 17, 2008
Recruitment shrinks, hirers in trouble |
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The Telegraph Thursday October 16, 2008
10 ways to ride the bad times |
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Business Line Tuesday September 01, 2008
IT majors see red at the bottom |
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The Times of India Monday July 28, 2008
'Outplacing' employees to become leaner |
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Busniess Line Thursday July 08, 2008
Hefty salary hikes turn a thing of the past |
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Livemint.com (THE WALL STREET JOURNAL) Tuesday June 10, 2008
Small outfits offer big opportunities |
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Busniess Line Thursday May 22, 2008
They are beginning to look beyond IT space |
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The Times of India Saturday March 15, 2008
More pink-slips for techies this year |
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The Economic Times Tuesday March 11, 2008
Hiring in IT industry slows down 40-50% |
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Corporate News Wednesday March 5, 2008
Microsoft, Infosys 'incubating talent' to beat attrition blues |
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The Times of India Monday January 14, 2008
Rookies rule the roost today.... Fresh Look |
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The Times of India Friday January 4, 2008
Bada title, chhota kaam from indian techies |
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The Economic Times Wednesday January 2, 2008
ENABLING COMFORT At Workplace |
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The Hindu Business Line Wednesday January 2, 2008
Hiring moves beyond realm of IT, ITeS |
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'Outplacing' employees to become leaner |
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The Times Of India |
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July 28, 2008 |
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Mini Joseph Tejaswi |
BANGALORE: An employer who fires attracts bad reputation, and potential recruits may shy away from the company. So, here is a novel retrenching mechanism concocted by tech/BPO firms to get their unwanted staff out, very smartly and discreetly, sans any heartburn or negative media publicity.
It's called "outplacement" (placed out of the organization). See how it works? Deepak Pradhan, a networking professional with a large IT company, got a job offer from an MNC through a headhunter although he was not scouting for a new job. Well, it was a "stage-managed" offer by his own HR head, who had a mandate to cut 8 people from Pradhan's team. The company has confidently asked its external hiring agency to poach on its own people, strictly without their knowledge.
Pradhan who moved out to a new firm six months ago along with three of his colleagues said, "Some half a dozen of us got similar job offers. I simply thought it was just coincidental, till recently when the same HR consultant spilled the beans. I did not feel bad as luckily what I landed was a better deal."
"Generally it is scary to be associated with companies that often fire. Also firing stories make media headlines. That's when companies deploy the very same channel used in hiring to get people out. Such firing is gaining momentum among tech/BPO firms," said G Gautam Charan, an HR professional.
Outpalcements can happen with or without the knowledge of the employee. In the latter case, the HR team passes on the leads of the employees whom they wish to outplace to an outplacement agency. The agency approaches these candidates directly with job offers.
This can happen for different reasons. "Cost cutting- or financial crunch-elated staff downsizing, termination of a project or winding up of some business or non-performance of employees who need to be displaced," says Nirupama VG, MD, AdAstra.
Outplacement diminishes the resentment, hurt and anger as it antagonises none and also helps employers save their image. "It's a common practice in the US, victims of cost cutting, restructuring, mergers and acquisitions and consolidation all are exposed to outplacement," says Zubin Shroff, MD, Talent Management Group.
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