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India
is in the midst of a Service Revolution and the opportunities
this presents are immense. Needless to say, the BPO Industry
is at the helm of this revolution. Every estimate that is made
of the expected growth in this industry, points to the fact
that this is India's biggest opportunity to become a global
player.
The BPO sector is poised to touch revenues of US $ 12.2
billion in 2006 (IDC). According to a study conducted by IDC
and ASSOCHAM, the BPO Industry has grown at a whopping rate of
60-70% annually.
It is the tremendous growth in this sector that coerces us HR
Professionals to answer some very pertinent questions with
regard to the opportunities and challenges in this Industry.
Let us take a closer look at one of the fundamental issues the
industry faces today, one that has the capability to make or
break a BPO organisation's success.
The
People Challenge
The people challenge in the BPO segment can never be
underestimated. While there is no dearth of data on the
immense resource our country has in terms of English-speaking
graduates, communication skills are still an area of concern
in the BPO segment. Since, most of our interactions happen
with clients and customers outside India on a daily basis,
what is needed is the language that is understood and
comprehended by customers worldwide.
In addition to this basic requirement, which is mandatory at
all levels, Project Management skills, People Management
skills and Global Cultural awareness are a must for all
employees, especially at a managerial level. Young supervisors
are at an advantage if they possess an aptitude for numbers,
analytical skills and are self-motivated. The need to work at
different time zones requires a good level of flexibility and
discipline.
The BPO Industry is a highly people intensive sector and this
calls for highly people focused managers. There is a need for
a strong middle management where managers can be viewed as
role models by frontline staff. This is especially important
as the industry is still very young and has scope to grow.
High attrition levels are another factor that plague this
industry. Due to a number of reasons that range from working
in night shifts to a high pressure working environment, the
industry faces a relatively higher rate of attrition.
Despite issues such as high employee turnover, working in BPO
organisations is taking on a different perspective as the
growth and success of this sector becomes more apparent.
Employees have realised that there are a lot of opportunities
for growth and now look at this industry as a serious career
option. The fact that the industry's compensation scales are
much higher in comparison to many of the traditional sectors
is an added bonus.
Employee Satisfaction is a factor that is given high priority
in most BPO organisations. The intense competition amongst
companies vying for the same talent pool and a place in this
sunrise industry has given employee focus renewed
significance.
The future in the BPO industry is bright and exciting and it
is up to us professionals to make the most of it. This sector
has unique set of opportunities and challenges like any other
- the onus is on us to make the most of it.
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