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Negotiating job offers was never so challenging for Gauri Sarin, President, Approach Talent Solutions Pvt. Ltd, an executive search firm. “These days, I am having to renegotiate eight out of 10 new job offers and on average five out of 10 candidates decline renegotiated offers,” she says. Earlier, at best two candidates out of 10 declined renegotiated offers, she adds. The trend of candidates declining new job offers comes even as firms are increasingly becoming flexible in terms of salary structures and fitment.
“If last year saw three out of 10 candidates dropping out before the joining date, the number has gone up to almost six out of 10 candidates this year,” says Sarin.
Firms, in fact, are going out of their way to keep their flock together. Sarin cites a recent instance where a sales professional from a multinational online portal with more than 10 years of experience was being placed for another Internet start-up. He negotiated a 60% raise in his current salary of Rs. 25-30 lakhs and four days before the date of joining, he called to express his inability to join. “He said his current employer had given him a
matching salary and he was under tremendous pressure to stay back,” says Sarin.
SOURCE: Article - Rising job refusals put headhunters in a bind, MINT, Feb 11th
“In a fast-growing economy, there’s a rush among companies to get there first, make themselves visible and grab more market share. Getting it right, is not always the focus,” says Gauri Sarin, president, Approach Talent Solutions Pvt. Ltd, an executive search firm. But, with Indian businesses getting more globalized than ever, there is now an increasing consciousness among companies to get their act together.
SOURCE: Article - Coding it right: Companies push for corporate values, ethics, MINT, April 29
Loyalty to your employer may be a bit old-fashioned, but don’t bet on hopping jobs often to climb the corporate ladder or make more money, say human resource experts. They are watching employee footprints. Stability seems to be back in fashion.
"Any HR manager is on the lookout of a stable person who has stayed with the same organisation for two to three years in a company," Gauri Sarin, President, Approach Talent Solutions Private Limited, told Hindustan Times.
"If someone has been around with the same firm for five to seven years without showing any growth up the professional ladder, he will be considered to be too complacent without any drive to rise in his career and hence, not very suitable, " Gauri Sarin said
SOURCE: Article - Stability back in fashion in job market, Hindustan Times, Nov 30, 2007
Boutique search firm Approach International's revenues from India increased by 60%, even as its team strength increased to 18, from 10 employees in the last two years. "A new office has been rented and another bought, and tie ups are being looked at" says Gauri Sarin, president at Approach Talent Solutions Pvt. Ltd, the Indian arm of the multinational search firm, and executive committee member of ERA.
SOURCE:Article - Recruiters - Never Out Of Work, MINT Campaign, 7th July
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