Esource launches online employment exchange

Country's first 'Private' employment
exchange launched by Esource India. Esource India, an online
placement agency has pioneered an initiative, that would go a long
way in meeting the aspirations of millions of youth, especially from
smaller towns and cities like Vijayawada, Vishakhapatnam, Kurnool,
Warangal, Nellore, Tirupathi, Guntur etc in Andhra Pradesh as well as
in the country.

India has about four crore people registered at
its employment exchanges out of which only two lakh gets job. Hence,
there is a need for a private employment exchange. With the number of
youth joining the Indian workforce, its strength is subjected to
increase to 160 million in the next ten years, from about 40 million
currently. The Company is ensuring to meet their emerging employment
needs by having its pan-India presence through sales offices and
franchisees all over the country.

Nitin Deveshwar, MD, Esource
India, said, ”The growth in India's economy has helped bring
about a tremendous growth in the manufacturing, banking and service
sectors in the country. The job recruitment market here is set to
grow at 20 percent per annum and touch the Rs 2,000 crore mark in
five years from the present Rs 1,000 crore. The country's
manufacturing sector was growing at eight to 10 percent, expecting to
generate 0.5 million employment opportunities alone.” He further
said that the shift of industrial activities to smaller towns has
also created major job opportunities in these areas. Citing examples
of higher job opportunities following industrialization in
Vijayawada, Vishakhapatnam, Kurnool, Warangal, Nellore, Tirupathi,
Guntur etc in Andhra Pradesh besides other small towns in the
country, Deveshwar said that Esource India would now become an
effective platform for these industries to connect to potential
employees from such towns and cities. Deveshwar said, “Esource
India is effectively going to use the social networking model to
ensure potential job seekers remain members on the portal and keep
updating their profiles in order to let potential job providers know
their intentions ie whether they are looking for a job or are happy
with their current one.”

“For the first time in the world, an
online job placement model has been created that commits a job seeker
to provide his video profile and psychometric test in order to better
his chances of finding a job. On the other hand, it lessens
recruitment time of a corporate as these parameters enable the
company take an effective decision in quick time,” added
Deveshwar.

While Esource India has 28 sales offices located
throughout the country including one in Hyderabad and Vishakhapatnam,
it is now focussing on building its franchisee network.