Korn/Ferry International Bangalore Operations
Achieve Profitability in First Twelve Months
– Increasing Demand for Innovative Talent Management Solutions from Clients
Throughout the Southern Region Driving Revenues Across Service Lines –
BANGALORE, July 3, 2008 – Korn/Ferry International (NYSE:KFY), a premier global provider of talent management solutions, today announced that its executive search and talent management businesses in Bangalore have achieved profitability since commencing operations one year ago. A combined team of expert Korn/Ferry search advisors and talent management consultants from its subsidiary Futurestep based in Banaglore also advise clients in Chennai and Hyderabad on their most critical business and staffing needs.
“In the past twelve months, our overall India business has grown approximately 160%, demonstrating the huge demand for strategic and customized solutions to help companies face the talent crisis here,” said Deepak Gupta, managing director, Korn/Ferry India. “What we’re seeing in Bangalore is just the tip of the iceberg and we intend to continue providing new offerings to meet this need.“
“Despite the relatively large talent pool available in Bangalore and other southern hubs pulled from numerous engineering institutes in the region, the rapid expansion and investment in all industry sectors still outpaces the supply,” said Mr. Suchet Narain, client partner and office head, Korn/Ferry Bangalore.
Korn/Ferry Introduces Leadership Development Solutions at NASSCOM HR Summit For over a decade, Korn/Ferry has been associated with the National Association of Software and Service Companies (NASSCOM) in India, delivering strategic succession planning services at the leadership level for the Association as well as participating in its thought leadership events and forums. At this week’s NASSCOM HR Summit, Mr. David Everhart, Asia Pacific managing director of Korn/Ferry’s Leadership Development Solutions division, will present on “Competency Management, the Key to Innovating Talent Management in a Global IT Sector.”
According to Mr. Everhart, “With the increasing pressure on Indian IT companies to deliver world-class results in record time, hiring managers need to change their mindsets about how they identify and attract the best performers, taking a holistic view not only of an executive's education and work history but also their career motivations and ‘soft’ skills.” He added that “Functional and technical skills are important, but they do not distinguish superior from average performance. In fact, research shows that 50% of a person's success is based on their leadership style.”
About Korn/Ferry International in India With more than 80 offices in 39 countries, Korn/Ferry International (Korn/Ferry) is a premier global provider of talent management solutions and has been ranked the number one executive search firm in the world for the past three years. Headquartered in Los Angeles, the Firm has operated in India since 1995, and currently has offices in Gurgaon, Mumbai and Bangalore, from which it serves an extensive client base nationwide.
Today, led by 13 partners and a large support team, Korn/Ferry India provides industry specialization across the financial, consumer, industrial, life-sciences and technology markets, as well as functional expertise in recruiting CEO and Board members. These trusted advisors deliver personalized service, strategic guidance and world-class leadership to local companies and multi-national corporations alike, leveraging a sophisticated network of more than 500 consultants around the globe.
For more information on the Korn/Ferry International family of companies, visit www.kornferryasia.com.
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If you would like to conduct an interview with a Korn/Ferry representative, please contact:
Carol Lo Regionial Director Marketing & Communications Korn/Ferry International 5 Temasek Boulevard #04-01, Suntec Tower Five Singapore 038985
Phone: +65 6231 6219 Fax: +65 6231 6228 Email: carol.lo@kornferry.com
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