Man management made mandatory
Venkatachari Jagannathan
21 August 2003
What makes Peopleone Consulting India's fastest-growing full-spectrum HR services firm? Ajit Isaac, the company's founder CEO, explains how
Bangalore: The founder CEO of Peopleone Consulting, Ajit Isaac, 36, is a gold medallist in his post-graduate programme at Madras School of Social Work. He has also completed a leadership programme from the Leeds University on a Chevening scholarship.
As a business head, Isaac is responsible for making Peopleone Consulting a total human resource (HR) solutions company. Founded in 2000 with equity investment from JP Morgan Partners, Peopleone Consulting is one of India's fastest-growing full-spectrum HR services company.
Silent on the company financials, Isaac says his company has grown at an average of 100 per cent every year of its operations. Started as a pure recruitment company, Peopleone Consulting is today an integrated HR services outfit. The company ranks second in the staffing services industry. Excerpts from an interview with him:
What is the trend you see in the HR sector in India?
India is one of the few countries where employment is showing an upswing with organisations outsourcing their operations from here. Hence it is possible that we will find a larger number of international firms setting up operations here. There are three types of players in the market. The first is a firm having international affiliation and generally working at executive search. The second is an Indian firm with a national presence. The third is usually a single-city operator or working in a niche area. The total industry revenue is estimated to be between Rs 400 and Rs 500 crore.
Are placement agencies graduating to staffing companies?
Staffing companies are those that carry people on its rolls and forward them as associates or deputees to work in client organisations. Placement agencies usually work on middle-to-junior level positions and earn a one-time fitment fee for placements done at client organisations. Some placement companies are looking at converting themselves into staffing organisations. The key is to build a backend that is capable of transaction processing as well as maintaining a clean record on necessary compliances.
