Friday, October 2, 2015

Challenges for BPS industry in Entry Level Hiring of College Graduates

There is the positive side when it comes to talent in India... there is a huge supply, with over 28 million students enrolled at any point of time and about 9 million students graduating each year.  Of this 9 million+ graduating about 15% are from engineering streams and about 65 to 70% are from graduate streams like commerce, economics, arts, sciences, and so on.   
Business Process Services industry hires graduates, post graduates and PhD's from across streams such as Commerce, Accounting, Economics, Sciences, English, Art and so on.  This industry has one of the most diverse need when it comes to college graduates for entry level jobs.  Their skills are needed to cater to several hundreds of business process across over 20 industry verticals that the BPS industry caters to.  Year after year the competitiveness of the industry is being 




the last two days I  was surprised to read the buzz in social networking and messengers like Whats App around the fact that Ernst & Young decided to dump their degree classification criteria at college entry level hiring.  But the way it was interpreted based on news reports is very different...Looks as if you no longer need a degree to get into E&Y.  And already this decision  (interpretation of no need for degree) is getting huge thumbs up in Social Media forums.
This goes to show how naive people can be and how quickly they start jumping to conclusions and also how something like this becomes a thing everyone's thinking of copying without even understanding.