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Future of Work: Info Edge CEO Highlights Trends Reshaping India’s Job Market
December 9, 2024
In a recent #SeriesC session at our campus, Hitesh Oberoi, the Managing Director and CEO of Info Edge India Ltd, shared his wealth of experience and insights on the ever-evolving job market in India. With a deep understanding of the recruitment landscape, Oberoi discussed the strategic investments driving Info Edge’s success and reflected on the early challenges of scaling Naukri.com during a time of limited internet access.
He emphasised the importance of fostering a robust sales culture and highlighted the critical relationship between a company’s growth and its organisational culture. Join us as we delve into Hitesh Oberoi’s perspectives on the future of India’s job market and discover the strategies that have positioned Info Edge as a leader in the industry.
Weathering Shifts in the IT Sector
While Naukri.com continues to be a vital resource for companies across India, the slowing IT job market—largely influenced by economic conditions in the U.S.—has led the platform to adjust its strategies. “Market adaptation is essential,” says Oberoi, who highlights the company’s resilience and ability to quickly respond to industry changes. In contrast to the IT slowdown, sectors such as real estate and startups are witnessing remarkable growth, indicating a shift in hiring demand across the board.
Bridging the Skills Gap
Despite India’s massive talent pool, Oberoi notes that finding qualified candidates remains a significant challenge. This ongoing disconnect between educational qualifications and job market demands underscores the need for education to align more closely with industry needs. As companies continue to seek specialised skills, Oberoi believes bridging this gap is crucial for India’s economic future.
The Future of Hiring: Automation and AI
Naukri.com is investing heavily in technology, including AI and data science, to streamline the hiring process and offer more targeted solutions for recruiters. This shift toward sourcing automation aims to enhance recruitment efficiency, helping companies find the right talent faster. While the application process remains a cornerstone of hiring, advancements in technology are allowing for a more tailored approach, making recruitment more dynamic and responsive.
Sales Culture: The Backbone of Naukri’s Success
Naukri.com’s strong sales culture and customer-centric approach are key to its success. Oberoi emphasises the importance of proactive client engagement, which has helped the company build long-term relationships with employers. By prioritising a customer-first mindset, Naukri.com has cultivated trust and loyalty, both essential for maintaining a dominant market position.
Innovation and Long-Term Vision
Looking ahead, Naukri.com is committed to future-proofing its business. By investing in AI and other cutting-edge technologies, the company is setting the stage to remain competitive in a rapidly evolving job market. For Oberoi, innovation is about staying ahead of the curve and adapting to new opportunities, ensuring that Naukri.com continues to lead in recruitment solutions.
Lessons in Resilience and Sustainable Growth
Oberoi’s journey with Naukri.com reveals that true growth often comes from overcoming challenges. Balancing rapid expansion with a positive company culture is no easy feat, and Oberoi underscores the importance of sustainable growth strategies. By nurturing a balanced approach to development, Naukri.com aims to achieve long-term success without compromising employee satisfaction.
A Glimpse into the Future of Work
As Naukri.com prepares for the future, Oberoi’s insights provide valuable lessons on resilience, adaptability, and the importance of innovation. With ambitious plans in place and a commitment to staying at the forefront of technology, Naukri.com is poised to lead India’s recruitment sector into the next chapter, offering a blueprint for success in a rapidly changing world.
Watch this video to learn how Naukri.com is building a sustainable ecosystem that bridges the gap between talent and opportunity.
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