While executing a candidate search operation for one of my clients, urgently looking for two manufacturing heads for a particular product range at two different locations, I could sense the severity of talent crunch that many organizations in India are not aware of.
Despite having 5 target companies, initially - one of them; however, was taken out of the list due to a non-poaching agreement with my client - our hunting ground got restricted to effectively 4 organizations and later, to make matter worse, another organization being a MNC pay-master had to be ruled out bringing the count down to 3.
Not so surprisingly, we could identify only 2 matching candidates from the remaining 3 organizations and started initial round of negotiations with them.
Well, one of them politely refused, saying: Recently he was offered a job by another company ( same company, having that non-poaching agreement with our client) but, since his current employer made a counter-offer with a generous hike he had decided to continue.
And, the last candidate, that we had in our basket, confidently indicated that he would be looking for a new assignment only if the compensation hike is more than one hundred percent. A difficult proposition and also an unrealistic expectation, that, in any case, wouldn't fit in HR policy of a structured company. So, we lost him too.
The current situation is: Two companies are looking for three candidates -- when none exists, practically!
Only option, that we have, now, is to identify a few relevant candidates who had earlier switched over to another industry and stretch our convincing skills beyond normal limit -- making them agree to come back to their original segment.
An extremely difficult job, it is, but is the only available solution. So we're on, on the job, and searching for a few needles in a hey-stack.
I'm sure, this isn't an isolated case and the situation is more or less the same in other industries as well.
Okay, can you tell me what's the solution?
Should organizations go out of the way to accommodate these rare species, obviously disturbing the existing structure, or win over the mind-set of recruiting from the same industry and encourage cross-industry moves?
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