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How To Be Prepared For This Hiring Season?

How To Be Prepared For This Hiring Season?

By mayank kejriwalPublished about a year ago 5 min read
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Owing to the growth of India’s top-performing industries such as IT, retail, and banking, as well as the country has been continuing its focus on innovation, and needless to say, the Indian economy is growing at an attractive rate, till the pandemic has arrived. The recent pandemic has led to a great change in the economy hence, affecting hiring in all the sectors. As a result, the demand for talent is increasing across many sectors and has shifted their focus from some sectors to other places more to deliver rapid and sustained growth.

Hence, among other things Indian recruiters will be facing a significant amount of pressure in sourcing, attracting and retaining top skilled talent. In fact, Aon Hewitt and People Matters found that 79% of Indian organisations project increased hiring for 2019-2020. This seems to be a very important and critical time for all the Indian recruiters to grow, evolve, and be as innovative and smart as possible. So we decided to break down the key recruitment trends happening in India right now and some key actions Indian recruiters can take in this new landscape to prepare for the upcoming hiring season.

Analytics

People analytics connects information to compelling and dynamic decision making. It draws bits of knowledge from human conduct to help individuals and organizations perform better. It utilizes formal logical strategies to support empathy.

Various sophisticated organizations have been utilizing this moderately new field to drive amazing advancements. Presently those advantages are sufficiently clear to motivate even small organizations to jump on board, and 73% of ability experts state individuals examination will be a significant need for their organization throughout the following five years. On the off chance that you are an ability proficient, you’re presumably effectively mindful that an individual’s investigation is on the ascent and you’ve found a way to accumulate applicable information. In the previous five years, LinkedIn has seen a 242% expansion in HR experts with information investigation aptitudes.

In any case, numerous organizations are just at the beginning periods of creating individual examination capacities. There’s a precarious expectation to learn and adapt from introductory endeavors to gather information in a composed manner to profiting by bits of knowledge for the upper hand.

Employee Referrals

In an undeniably tight talent market, businesses are rediscovering the advantages of referrals and internal hiring. What’s more, they’re utilizing empathy to understand how workers need to learn and develop.

The pattern echoes a previous era when organizations filled open jobs by promoting their own kin, and employees could follow a long-lasting career inside a single firm. That approach — with refreshed reasoning and instruments — is making a gradual rebound. Job changes inside organizations (via promotion, transfer, or lateral move) have expanded by 10% in the course of the most recent five years, as indicated by LinkedIn data.

In helping workers find rewarding and exciting new jobs inside your organization, you support employee morale and lure great employees to stay. The budgetary effect can be gigantic. A 2018 Gartner study found the expense of employee turnover is huge because of the absence of career opportunities for an average-size company is $49 million per year.

The possibility that procuring from inside makes it harder to expand your workforce merits cautious idea. Organizations that need formal interior selecting projects may think that its harder to hold a differing workforce. That is on the grounds that when inner employing occurs without structure, individuals are bound to depend on close to home systems, regularly reflecting existing predispositions.

Applicant Tracking System

ATS or an Applicant Tracking System is one of the most unparalleled inventions that has happened in the recruitment industry recently. ATS in simpler words is software that screens and parses dozens and even hundreds of resumes and applications. And it will definitely take your recruiting manager or hiring team hours and hours to manually screen through the resumes. An ATS uses various algorithms to generate the results in an automated way and helps in narrowing down the best fit for the job opening.

ATS or Applicant Tracking System basically helps in filtering and giving a structure to the recruitment process, this way it is easier for the recruiting manager to filter out the more suitable candidate from the ones who don’t. That means, invariably an ATS is triggered to screen an application based on how it is written and not on what the information is conveying. ATS is becoming one of the primary ways of how companies these days are recruiting their new employees as well as keeping the required onboarding information of all their current and former employees.

Utilize the Technology Available

The recruitment industry has had the buzz about online assessments for a long time now, however, before we dive into the details explaining the hype around these tools let us first understand what is an online assessment test.

Online assessment tests are conducted via computers under a remotely proctored environment and have the advantage of being authenticated by Subject matter experts (SMEs). Online assessments bring in efficiency of the whole procedure along with immediate feedback. Online examinations are slowly replacing the traditional examination approach. A major highlight of using an online examination system is that it gives a high level of transparency as opposed to the traditional method. Most online exams generate their results instantly and it is often possible for the exam taker to get information on his results immediately.

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