After liberalization, privatization and globalization, India has been recognized as one of the major emerging economies of the world. This has led the country's business process to a momentous paradigm shifts that compel Indian organizations to transform into new way of functioning compared to that of earlier days. Also, the radical technological advancements and increased competitions in the business world after globalization has resulted in business organizations to be more competitive, flexible and customer focused leading the organizations to acquire (select / recruit) employees with higher competencies and multitasking skills to ensure sustainable growth at minimum operational costs.