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Tuesday, December 17, 2019

Recruitment Marketplace – The Scenario Today


Today’s India is different than it used to be before liberalization let to the opening of the business gateway to India for businesses across the world. Present job market is loaded with job opportunities and particularly for the talented ones have umpteen opportunities to choose from. As far as the employers are concerned, there’s competition here too and therefore to get the best fits on board smart and powerful recruitment strategies are needed to be put in place. To work upon these strategies first of all we need to do some ground work and one of them is to get the recruitment marketplace facts right in the first place.
More hirers, less seekers
The business marketplace has abundant opportunities for the talented bunch but the seekers are nowhere to be seen. In a nutshell there are jobs but people wanting to switch are not many. Particularly the talented bunch, are hard to find. If we go by the hiring statistics over 75% employers finding it most challenging to hire talented or quality staff. Additionally the hire time is on the rise. In 2018, it took a month for a hire, was 20% more time compared to 2017.
Beyond Job Descriptions
If you think just a job description is enough for the job to garner the eyeballs of your potential candidate then you need to rethink. You need to give them more, more about your company, organization or brand, more information around your company culture and your products or business before applying for it. Surveys and studies say over 80% look for reviews these days before they apply to the company. Over half of the applicants follow this drill, apparently.
Matter of Choice
Like you are seeking the perfect fit for the job role, they are seeking the perfect place, job role and incentives. Specifically talented professionals get many offers and therefore the choice is more likely theirs than that of employers. So, if you are looking for a talented professional you have to have an edge above the others to get them choose you.
First Come First Serve
The marketplace is hot and the availability is sparse. So, you need to be fast to get the best pick. If you are not there when they are then the others will get the cake, that’s the scenario. So acting at speed is crucial to get the top picks. Hence, professional are looking out for faster ways to screen through the quality professionals so as to not miss the boat.
Well, this only implies that the task for employers is much more exhaustive then it used to be in the earlier times specifically when it’s about acquiring quality talent from the competitive marketplace and hence smart and powerful recruitment strategies are the need of the hour.