A closer look at the recruitment business in India will make you realize that its demand in the market size has increased drastically in the last couple of years. Anyone with years of experience in the recruitment services staffing solutions will agree with the fact that there are now thousands of companies scattered all over India which require skilled professionals for various high level projects. Whether they are looking for IT staffing services, direct hire, sales staffing, engineer staffing or engineering recruitment services, there are numerous top placement consultants in India to help them out.
Today the recruitment industry is a 6 billion dollar industry. The recruitment market has not only grown but had evolved into a very mature high level market. Here are certain trends that we see will influence the recruitment business and the demand for niche hiring managers.
Between 2016 and 2019, the demand for recruitment consultancy grew by 63%. This is the higher jump ever we all seen in this industry, means that top tier recruiters will now be able to take their pick among the best organizations in 2020, making hiring among the most valuable skills an HR professional could have.
One of the direct impacts of a changing business ecosystem on organizations has been on their talent demands. Instant changes brought in by evolving conditions of markets and the rise in technology have meant that organizations have to often make their talent demands beforehand and work proactively to stay achievable of the curve. This meant that recruitment agency in delhi, staffing services in India have a larger role to play. But that is not the only reason why the staffing industry is slowly becoming an important partner in helping organizations meet their best fit talent demands.
The following new trends in recruitment industry can be observed as.
AI will aid the hiring process
Recruiting technology is rapidly evolving across the board, but we’re seeing the biggest gains in the areas of automation and AI. AI can help employers identify and remove bias during the interview process, screen candidates based on specific requirements, interact with candidates via chat bots and assess candidate responses during video interviews. With so many new applications hitting the market, companies will need to have a firm understanding of their needs so they can evaluate new tools. This will require a best mentality that considers tools on a case-by-case basis and implements the ones that support company objectives most effectively. On the recruitment agencies in india, job seekers side, AI can also be used to create personalized job recommendations, automated communications and custom experiences based on previous interactions with your career site.
Candidates will find job through mobile devices
Researchers at the world advertising research center predict that within five years, almost three-quarters of Internet users will access the web exclusively by smartphone. That means your mobile job site and mobile application process should be a top priority as we head into the next decade. As consumer tech becomes increasingly intuitive and user-friendly, candidates will expect the same capabilities from the tech they use to find an employer. Mobile-optimized career sites and applications will be key to connecting with the next generation of workers.
Persuasive candidate experiences
Early impressions are crucial to long-term retention. Today’s candidates want more than just a paycheck, and their experiences during the application and interview process can make or break their decision to stay with your company. Our 2019 job seeker survey found that candidates are looking for an easy, straightforward application process, timely communication from recruiters and a career site that answers their questions and connects them with relevant opportunities. According to LinkedIn, almost 90% of candidates say that a positive interview experience has the power to change their minds about a job. For recruiters, this means that designing engaging candidate experiences can give you a competitive edge when it comes to recruiting top talent.
Demand for essential technology driven skills
In this age of rapidly changing technology and skills requirements, soft skills candidates are shifting. Many companies now refer to abilities like critical thinking, leadership, problem solving, communication and teamwork as essential skills, and they sometimes take precedence over hard skills that can be taught later. Driving this trend is an explosion of new technology that is expected to permanently alter the workforce. Companies with teams full of critical thinkers who can adapt quickly will find themselves at the forefront of their industries, while those who are married to old methodologies will lag behind. These essential skills also set human workers apart from AI, making them a valuable asset to candidates entering the workforce.
Predictive analytics drive recruiting decisions
Recruiters rely on data to source, screen, interview, and assess candidates, and that means companies need clean, accurate data as well as a clear analytics strategy for the best results. For this the best recruitment consultancy in delhi. Data capture and analysis can tell you the “what” and “why” of your recruiting strategy, but you’ll need to go one step further to transform decision-making. That final step involves AI, and it uses previous data to make future predictions. Known as predictive analytics, this capability will be a differentiator for companies looking to make the most of their data moving forward.
Culture first hiring and better employer brand
Three-quarters of job seekers will consider the reputation of your company as an employer before applying for a job. Known as your employer brand, this reputation includes your culture, perspectives, and values, and it has the power to attract or repel your most desirable candidates. But it’s not enough to create a desirable brand on paper. Your brand has to infuse the employee experience, and it should also align with the ethos of the organization as a whole. As competition for top talent remains fierce, your ability to communicate culture and brand effectively can be a deciding factor for many candidates.