VBeyond is a 10 year young company with business interests in the Talent Acquisition & Deployment world. We have service line offering of IT Staffing, Search & Selection and Recruitment Process Outsourcing in the India and US market. From a vertical standpoint apart from IT & ITES, they are also focused on Retail & Consumer, Engineering & manufacturing, Lifesciences & Healthcare and BFSI. With a team of 140+ seasoned recruiters based out of multiple locations in India and US, they have been servicing more than 50+ clients. Co founded by industry practitioners, they believe their unique Hub( in Lucknow, UP) & Spoke model, domain knowledge of their recruiters backed up by a robust training program, leverage of Technology and ISO 9001:2008 are the back bone for their differentiated offerings to the client and talent community.
Current Market Landscape
Staffing services and solutions is bound to grow up in India. In tune with the western market, I believe the share of "Contract employees " in the overall employee base which is today sub 5 percent in the IT services space will possibly go up to 10-15 percent in the next 5-8 years. Apart from the large players, the sector will attract newer players in the market place
Addressing the Challenges
The staffing solution requires a different mindset from the traditional search and selection process. Apart from the statutory norms, availability of talent open for staffing opportunities, speed of fulfillment and the employee/ employer mindset (typical tendency to pay lower compensation vis-a-vis FTEs) has to undergo a change for the staffing market to mature. This is still a relatively nascent phenomenon, at least in the white collar services space and they hope is that years to come " Staffing opportunities" will gain "respect" and the talent will be much more mature. Millennial generation has a different perspective of looking at their career and would certainly benefit the staffing model.
Services
As mentioned earlier they are in business of IT Staffing, Search & Selection and Recruitment Process Outsourcing in the India and US market. With some of their clients they are also engaged for Retained Search, Outplacement services and Compensation survey. From a vertical standpoint apart from IT & ITES, they are also focused on Retail & Consumer, Engg & manufacturing, Lifesciences & Healthcare and BFSI.
Differentiating Factors
Top management commitment to all their relationship, unique Hub (in Lucknow, UP) & Spoke model, domain knowledge of our recruiters backed up by a robust training program, leverage of Technology and ISO 9001:2008 are the back bone for their differentiated offerings to the client and talent community.
They also have an "engagement model" with their "Consultants" and try to thrive in an ecosystem of trust & transparency, end client focus and respect for all.
Clients
VBeyond works with 3 of the India Top 5, few mid tier IT service providers and some niche companies.
Organizational Culture
VBeyond has created a great emphasis on building a culture on the foundations of knowledge, meritocracy and transparency. Average age of their recruiters is 26 years. They have a state of the art infrastructure with equal emphasis on work discipline and ethics, provisioning of recreational facilities, Knowledge based events- quiz/ in house magazines, team outings, birthday celebrations, a bottom up driven AOP etc are all manifestations of a professional work culture of a young work force. Our Annual Conference "eNVISION" has become a unique employee proposition and overall they are living the philosophy of "partnering for growth"- partnering with Clients, partnering with the talent community and partnering with our employees.
Harboring Innovation
On the innovation parameter, they have got miles to go. Some of the products/tools that they have built "Dropout predictor", "Intellisense Hiring- Analytics based hiring" etc are fruits of ideas generated in-house.
Global Strategy
Their Staffing focus will continue to increase in India and in US in addition to RPO and Permanent Hiring. From a delivery center standpoint, they would be expanding our foot print in South and also opening another office in US. Leverage of "offshore Hub"- Lucknow will continue to grow and in 2017 they would be having an additional facility in Lucknow. From a geographical market standpoint focus will continue to be in India and US. From a vertical focus point of view Consumer Internet, Healthcare and Consumer business would see investments
Quick Facts
1) Year of founding: 2006
2) Funding information: We are a LTM 9.5 mn USD organization. Completely bootstrapped and have been profitable for the last 6 years
3) Founding members: Rajesh Khanna and Sandeep Mitra. Samrendra Kumar and Sanjay Singh came on board during the subsequent years and pat of top management.
4) Office locations: Mumbai, Lucknow, Gurgaon, Pune and Hyderabad(upcoming) in India, Hillsborough, NJ and Atlanta, GA ( upcoming) in US
5) Company strength: 140+ Recruiters. In addition, we have more than 70+ consultants working out of client locations.
6) Website: www.vbeyond.com
