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Around a year back Kushal Sethi, a second year student of Delhi University,
was content to do his summer job in a well known BPO. However, this year, he
didnt go for the BPO option. Reason? Certainly not career related. While some
of the organizations he approached were not hiring at all, the others were
offering him substantially less than what he was expecting.
His example, in a way, becomes highly symbolic of the BPO industry. The year
2009 was replete with examples that a BPO career has not only become less
lucrative but it also has become highly uncertain. Not unlike the IT
industrypay cuts, layoffs and downsizing were regular features of the BPO
industry.
What did come as a saving grace however was the fact that the attrition hit
BPO industry saw some stability as more people stuck to their jobs, thereby
bringing down the attrition rate significantly. But more importantly, 2009 saw
the BPO industry not only heading decisively towards maturity but also proving
its mettle beyond doubt. Yes, there was a downturn, business es were affected,
and decision making got slower than ever. Even though, and quite contrary to the
predictions of the doomsday for the Indian outsourcing being around the corner,
the Indian BPO industry proved that it is here to stay, and grow.
And it did grow, even if at a slackened pace. In a way the slowdown became
more of an eye opener than an eye-washer, that the boom times proved to be for
the outsourcing sector.
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| As many as 9 of the 20 companies lost ground, whereas only
three gained, that too marginally. This is a sharp contrast to last year
when 6 companies gained majorly. The biggest surprises are IBM Daksh and
Knoah. Knoah slipped 4 points this year after being the biggest gainer last
year. So many slips also indicate higher participation this year |
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| Its not just a stop-gap job any more, people are sticking
to their BPO jobs and the age distribution is getting leveled down. There is
a sharp decline in number of people within the 20-25 age bracket. And the
older population is gradually increasing. Its age no bar for the BPO now!
Or is it BPO no bar for age? |
Although there was lesser money, the focus became process efficiency and
diversification, something that the industry was missing up to now.
Meanwhile, more and more people became dissatisfied with their salaries and
appraisals, and 2009 brought a sharp dip in the percentage of people who joined
the BPO industry lured by the zeroes on their offer letters. While in 2008 close
to 30% people entered the industry based on salary, this year the figure was
only 24%. What is interesting to note is that overall job satisfaction hovered
around the same figure, as against 2008 when it witnessed a commendable nine
point jump. One plausible reason for this can be that employee expectations and
satisfaction from the BPO industry are moving beyond purely money oriented
goals, as has been the case so far.
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| Although overall satisfaction remained pretty much equal to
last year, the order has undergone a good shuffling. e4e and Knoah have
suffered the most, whereas the highlight is Genpacts 6 rank jump. The other
company that has done very well in overall satisfaction is Hero ITeS. Of the
biggies, IBM has improved, whereas TCS hovers around the bottom rung |
Its the ugly face of the slowdown, as 8 out of the 20
companies surveyed have negative hiring figures. While it might indicate
layoffs or downsizing for some, for the likes of HCL it is process
efficiency. However, go slow was the theme for the rest. TCSs exponential
employee growth is because it acquired Citi Group Global Services |
And this year too, work culture became the single most important concern for
people who walked on the BPO runway. Seems like movies like Outsourced and
Chetans Bhagats writings are indeed tilting decisions in favor of the
outsourcing industry. And its not only the young who are feeling the magnetic
pull, the middle aged and even the old are giving the industry a look, even
though through cynicism tinted glasses!


Yes, the erratic working hours, the sleeping disorders and the digestive
problems all remainbut what has certainly changed, and for the better, is that
a call-center job (and even that definition is changing now) is no longer
frowned or looked down upon. Its as much a job to be proud of as any other, and
our BPO going population is certainly not abashed to sit in their cabs at all
hours and catch up on their sleep on the way to the office!
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