online employment exchange for small towns in
Hyderabad|India|August'2010:Country’s first “Private” Employment
Exchange launched. 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.
And only two lakh gets jobs. Hence, there is a need for a private
exployment exchange. With the number of youth joining the India workforce
increasing from about 40 million currently to 160 million in the next ten
years, the Company is ensuring to meet their emerging employment needs by
having its Pan-India presence thru sales offices and franchisees all over
Mr. Nitin Deveshwar, Managing Director, 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 per cent annum and touch the
Rs 2000 crore mark in five years from the present Rs 1000 crore. The
country’s manufacturing sector was growing at eight to ten per cent,
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, Mr. Deveshwar
said that Esource India would now become an effective platform for such
industries to connect to potential employees from such towns and cities.
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 i.e. whether they are looking for a job or are happy with their
Mr. Deveshwar added “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”
While Esource India has 28 sales offices located throughout the country
including one in Hyderabad and Vishakhapatnam, it is now focused on
building its franchisee network.