Misconceptions about BFSI Recruitment Consultant

Recruitment consultants dont enjoy a great reputation, which makes it difficult for both the job seeker and employer to trust their authenticity. But, mind you, not all BFSI recruitment consultants in India fall in this category, primarily because of the following myths and misconceptions.

Fake Adverts

Yes, there definitely exists consultants who advertise fake jobs just to win your information and increase their database. Some recruiters fall into this practice, when they are extremely low on job openings and require few leads inthe future. You can always ignore such consultants, but mind you such examples are very less. Today, recruitment consulting is an extremely flourishing business.

Only money and target is important

Did you know that even the vice president of a company has certain targets to meet? A doctor you visit regularly has a target to achieve every month? A BFSI recruitment consultants target may be as important as that of a VP or the doctor, but their target is less likely to affect your life and employment. And, talking about money, recruitment consultants also have to eat to live just like you and they get paid after a successful placement. However, this doesn’t mean that for them only target and money is important.

Never return calls

You are trying to reach a consultant for many days, but the call has always gone unanswered, even when the BFSI recruitment consultants in India were interested in your profile. You need to understand that these people work with 100 of other job seekers. You can drop an email and wait for the consultant to reply to the BFSI jobs opening.

Consultants know nothing

Its true that a large number of consultants come out of the industry and move directly into recruiting. These consultants know about their sector and are probably perfectionist when it comes to recruiting the right candidate. Furthermore, you dont need a college degree to hire people, but still most of the recruitment consultants are highly qualified in their respective fields. They can easily test the technical knowledge and skills of candidates and reduce the hiring task for the company.

Not enough skills

Many times people accuse the recruitment consultants of not possessing desired skills and experience to hire the right candidate for the job. But, most of the BFSI recruitment consultants are highly skilled and have vast experience in recruiting high candidates.

Dont fall in the trap of these myths and misconceptions. 

Recruitment in the Pharmaceutical Sector

Indias pharma sector is likely to grow three times to reach $55 billion in the coming five years. Currently, India is the largest supplier of medicine in the US, which will further increase the employment scenario in this sector. The coming year is considered as a boon for pharmaceutical recruitment consultants in India because many new job opportunities are likely to be created.

The pharma sector usually hires Pharmaceutical Chemists with masters or doctoral degree to carry out research for new medicines. The pharma sector is likely to generate over 1,34,000 jobs and witness an increase in over 20% in terms of hiring. The hiring scenario is picking up in the sector, which is likely to make the pharma consultants in India active for a long period.

Furthermore, the investments by the government in the pharma sector have shown positive signs. The sector has churned out rich talent pool of scientists, researchers, project manager and scientists, which has made it even more essential for pharmaceutical recruitment consultants to hire the best talent in the country.

Hiring technically knowledgeable people is essential because only such talents can bring in new innovations in the field of medicine. Therefore, the pharma consultants are becoming more knowledgeable about the different and important terms used in this sector. It will help them filter candidates and provide the best fit for a job opening.

With the booming recruitment in the pharma sector, pharmaceutical recruitment consultants need to tighten their belts and focus on delivering quality output. Furthermore, the industry doesn’t get candidates as quickly as other industries because of the technical nature of the field. Here are few bottlenecks witnessed by recruiting agencies.

Market Knowledge: Keep a track of the competition prevailing in the market. But, many companies fail to keep a track and miss out opportunities such as competitor’s redundancy, relocation, downsizing and drug failure. Such issues lead to an excellent opportunity to attract talent. Companies who miss out this opportunity miss a golden chance of hiring the best talent.

Experience of the candidate: Many times a job requires skillful and extremely experienced candidates. Due to the technical aspect of the pharma industry, not many eligible candidates are available. This makes the job tougher for pharmaceutical recruitment consultants.

Recruiters need to retain talent by offering career growth, mentorship, training and managerial engagement. Retaining talent is not as difficult as it seems, companies only need to enhance their communication to understand the employees. 

Why You Need a BFSI Recruitment Consultant ?

Hiring new employees is an extremely time consuming task and these cost increases when you make a bad hire. Hiring a BFSI recruitment consultants in India will help you save time and money in the long run. These agencies can increase the chances of getting the right employee for your company. Here are a few reasons why you need placement consultants.

Decreases turnover costs
An extremely poor performing employee consumes more than 17 percent of the managers time, which is equivalent to one wasted day per week. And, if you end up replacing the non-performing employee, you will end up spending more money on the training and recruitment of the new employees. The BFSI recruitment consultants in India will help you reduce the turnover cost by weeding out ineligible candidates.

Save time by reducing the hiring process
The best placement consultants have a broad network and keeps a resume of thousands of skilled employees. On seeing your need, these agencies can provide candidates who are closer to your requirement. You will save time of wading through a series of unqualified candidates. Furthermore, great and deserving employees may never come across your job posting. With these agencies you can focus more on your core responsibilities.

Reduces training and hiring cost
Most of the BFSI recruitment consultants in India Perform a pre-evaluation and provides candidates with access to a variety of resources and training opportunities. Training is provided to hone their skills and make the candidates suitable for your job profile. 

BFSI Sector to Outsource Recruitment

Massive requirements at the junior and mid-level in the BFSI sector will lead to rise in number of BFSI recruitment consultants in India in the coming years. Furthermore, according to a survey more than 70% of the employers are likely to outsource their hiring to different placement consultants in the next five years.

Today, these consultants are offering services to both national and international companies and helping employees land in a dream job in the banking sector. Even at the international level, many companies prefer BFSI recruitment consultants in India because of low cost competitive services and pricing.

Furthermore, according to a report by recruitment specialist firm Michael Page, the Indian BFSI sector is finding it difficult to restore and retain competitive employees. This will further increase the demand of skilled manpower in the BFSI sector, which will increase the work of many placement consultants.

Today, finance professionals with less than 10 years of work experience are in high demand as these jobs require a strong background in mathematics, statistics and finance. However, there is a shortage of employees in niche roles such as taxation and compliance.

With these gaps and budding requirement, most organizations are expected to outsource their recruitment to different BFSI recruitment consultants in India. The recruitment agencies reduce the time of hiring and let the HR managers focus on their core responsibilities.

Given the emerging economy of India, there is likely to be a big churn in the BFSI sector. The recruitment agencies are likely to boom in the coming years. 

Get Placed In The Top Most Companies With The Reputed Pharma Consultants In India

Getting a job can be really difficult if you do not have an edge over the other applicants. It is mainly because of the huge number of students who have multiple degrees and the required skill to work in the industry. Due to the abundance of groomed, educated and highly skilled people in the market, it is very important to make sure that you keep yourself ahead of your competitors by enlisting the help of the recruitment agencies. A recruitment agency has a team of professionals who are working day and night to ensure that people get placed in the industry of their choice within the shortest period of time.

The Numerous Vacancies

It is the job of the recruitment team to keep an account of the vacancies in the different industries so that they can offer jobs to the maximum number of people. Not only this the team also makes sure that each and every company is reputed and offers a fair amount of salary. So you can be assured that all the job offers that you will find with these people will match your industry as well as salary requirements. But if you want the best services from the agency it is recommended that you give all relevant academic details and explain your goals to the team of recruiters during your first visit.

The Additional Services

There are many such consultancies that will not only provide you with lucrative job offers but will also groom you professionally for each and every stage of an interview. So if you are looking for such additional services then you need to browse the internet and contact the agencies before availing their services. Not all agencies will offer you such grooming facilities or a professional training session before your interviews. This is why it is always recommended by the recruitment experts to compare the services offered by the agencies along with their rates before choosing one for yourself.

Industry Specific Agencies

Once you find the agency that has the ability to cater to all your requirements, you need to focus on the industry where you wish to work. There are so many industries that it is not possible for a recruitment agency to be involved with all of them. This is why most agencies specialize in a particular industry or some selected industries like banking, pharmaceutical and information technology. So if you are looking for Pharma Consultants in India then you will have to contact the agencies that specialize in the pharmaceutical industry.

About The Placement

There is a rising demand for skilled employees in the pharmaceutical industry. In case you have an academic background or work experience in this industry then these recruitment agencies can help you to get a better job opportunity in this field. Not only a high salary these agencies also ensure that the applicants get placed in the top companies. Working with the top business enterprises is very important if you want to build a bright career in the industry. So if you are opting for the reputed agencies then you can be assured that you will be placed only at the most reputed companies which will be very helpful for your future. Fly Square Solution is Famous Top Consultants in India. 

Few Steps For Getting A High Paid Job Through The Top Consultants

These days almost everyone has a degree and is eligible to get a high paid job. But most of these students and professionals are either jobless or are not getting paid properly. Most people tend to think that getting a job is an easy thing if you have multiple degrees and certificates. What these people fail to realise is that with so many eligible candidates available in the market only certificates are not enough for getting a job. You should also know the right way to look for job opportunities. In this highly competitive market if you want to get a respectful and well-paid job then you need to take the assistance of the consultancies.

Searching The Internet

If you search the internet you will find thousands of consultancies all over the country. All you have to do is pick the one that is closest to you and contact them for further information. These people have access to hundreds of vacancies in the various sectors. So with these recruitment professionals, you will not only get a high paid job but will also get the freedom of choosing the post and the company where you would like to apply for the job.

The Professional Services

Even though there are various other alternatives available in the market, a recruitment consultant will provide you with a proper guidance along with the jobs. The services offered by these consultants are more personal in nature than the ones offered by various job portals or other social network platforms. But due to the abundance of consultants in the country, it is very important that you pick the right one. If you are not careful while choosing the recruitment professional you will end up regretting your decision and will waste both your time and money. Most Top Consultants will keep motivating and supporting you until you get your dream job.

About The Process

All the companies that offer such recruitment services hire professionals who will be able to understand and cater to the requirements of the different individuals accordingly. So the first thing that the recruiter will do is go through your academic qualifications and get a detailed understanding of your career objectives. Once he has an idea about the field, post and salary that you are looking for he will start searching for opportunities that will suit your requirements. There are so many vacancies available with these people that you can be assured that no matter which industry you are from you will get your dream job within a very short period of time.

The Other Factors

Most of these agencies charge a certain amount of money from the job seekers after they get the job. But the policies vary with each and every agency, so it is always advised that you search the internet and compare the rates and the policies of the various agencies before opting for one. In case you are worried about the payment then you can be assured that there are various modes of payment available with these agencies.so if you are looking for a job or need a hike in your salary then you need to start looking a for a reputed consultant around your locality. 

Things To Consider Before Approaching The Pharma Consultants In India

More and more job seekers are turning to the numerous recruitment agencies for good job opportunities. The professional consultation and the placement services offered by these people ensure that everyone gets the type of the job that they are looking for. These people have a huge database from where they allocate jobs to the deserving candidates after analysing their requirements.

About The Agency

If you are interested in the pharmaceutical industry then you must know that there are hundreds of vacancies in this industry. All you have to do is contact the recruitment agencies that have ample vacancies in this particular industry. Once you contact them, they will inform you about the details of the various job profiles that are available with them. Each one of these job opportunities is handpicked by the professionals so you can be assured that they will meet all your requirements. But if you want to get such high quality of service then you need to opt for the top Pharma Consultants in India.

The Other Aspects

The problem with most of the fresher as well as professionals who are looking for a lucrative job opportunity is that they are not aware of the various technical aspects of job hunting. But the team of recruiters of these agencies are highly educated and have a huge experience of working in the industry so they are aware of all the aspects of job hunting. According to these experts, there are many types of recruitment but the most common ones are, project sourcing, recruitment and selection, and the interim recruitment. So it is very important to keep all these things in mind while applying for a job.

Getting Professional Help

In case you do not want to bother yourself with all the technical aspects of finding a job you need to opt for a recruitment agency. Many agencies charge the companies solely for the recruitment. So if you are associated with these agencies then you can get or dream job without spending any amount of money. It is really easy to locate such agencies on the internet and avail their services. But the money is not the only thing that can affect your choice. The reputation of the agency and the quality of services offered by them are also important.

The Various Platforms

Every agency will claim to offer the highest quality service so the best way to find the ideal recruitment agency is through the rating and the reviewing platforms. There are numerous platforms on the internet where these agencies are rated on the basis of the services provided by them. Here you will be able to compare the rates and pick the one that has the highest number of satisfied clients. Not only this here you will also find posts that are written by the various job seekers. These posts and reviews will provide you with an in-depth knowledge about the quality of services that are offered by the various agencies. So if you want to be successful in the pharmaceutical industry then you must go through all these online platforms before approaching anyone for your dream job.