Global Recruiting set to Establish New Trends
Hiring volumes and budgets heat up with New trends in Global Recruiting
Various interesting trends have been reported by the 4th Annual Report 2015 Global Recruiting Trends released by the professional networking website linkedin.com. 4,125 talent recruiting decision makers in 31 countries have been surveyed to understand where the industry is headed.
According to the report, “Hiring volumes and budgets heat up for the first time in four years. With the continued gap between budgets and hiring, doing more with less is more important now than ever before. Competition and compensation continue to be the top obstacles for attracting talent. Organizations small and large face unique challenges in recruiting, and therefore must play to their own competitive advantages. Broader technology advancements have also begun to disrupt the talent industry, setting the stage for a dynamic and exciting future for recruiting.”
Some key takeaways:
Employers continue to prefer Internet job boards (38%) and social professional networks (37%) to hire for key positions as compared to channels such as employee referral programs, company career website and internal hires.
Online professional networks (61%) are becoming the preferred channels for promoting talent brand. However, company websites took the lead among leaders’ responses on what tools/channels they found most effecting in talent branding.
Data & Metrics
As compared to time-to-fill (25%) and hiring manager satisfaction (18%), quality of hire (44%) continues to remain the most valuable recruiting metric for tracking the recruiting team’s performance.
The accessibility and connectedness of professionals online has made talent more accessible than ever.
With digital marketing tools, organizations can now segment and target talent with relevant jobs and messages at massive scale.
With the rise of mobile device usage, candidates now research and apply for work in a mobile-optimized format. Mobile is evolving as a powerful playground for hiring activities putting pressure on employing companies to adapt their brand and online assets to suit this platform.
Adaptive algorithms match jobs with professionals based on profile demographics and real-time behavioral feedback.
“Big Data” Analytics
As data storage and processing become cheaper, talent acquisition leaders can become strategic advisors to the business by arming themselves with data.
Our endeavor at MeraJob.in is to keep learning about the dynamically changing industry trends and provide the recruiters a seamless hiring experience with our unique and distinctive products. MeraJob.in offers a unique pre-screening solution on a large curated database of job seekers which are classified by candidates’ core skills and preferences and not just roles. In a way this unique solution is a hybrid between job portal and a consultant. Taking a multi-channel approach to find applicants using traditional and new media, MeraJob.in has a tele-recruitment center where the jobseekers call to get unparalleled assistance in creating their SmartProfile™ and get prescreened for a job to identify their fitness for the role. As a result, we offer effective hiring at ½ the cost in ½ the time, as compared to industry standards.
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Ashu Bajaj June 24, 2015
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