Two questions that never cease to instigate interest from anyone about anything are “What’s in the future” and “What’s new?”
The world of work and jobs is not at all different.
Especially, in the past few months, the world has been abuzz with what or whatnot will be the future of work.
India’s largest automobile giant has trusted PeopleStrong to redesign it’s recruitment process and it shows in the numbers. With the help of PeopleStrong’s Recruitment Process Outsourcing Solutions, time to fill candidates has decreased from 106 days to almost half at 54 days.
Joining ratio has increased from 90% to 96% and candidates sitting for interviews has seen a substantial increase from 70% to 82%.
The Indian workforce is estimated to increase to approximately 600 million by year 2022 from the current 473 million. As the workforce will increase by about 27 percent during this period, the overall composition of unorganized sector and organized sector is likely to change from 92 percent and 8 percent today to 90 percent and 10 percent in 2022.
Hello friends,
As promised, I am back with yet another edition of Talent Tech Talks – the blog series. Since we met last, we have celebrated the most exciting “festival” season of HRTech (Tech HR’18), seen couple of billion dollars getting invested in HR Tech and a part of our fraternity even had a day named for them.
Continuing from where we left off in Article – The Next Frontiers in Recruitment Technology, there are a myriad forces that are shaping acquisition technology around the globe today. Every facet of the talent landscape is being impacted by technology tools- from talent acquisition to talent management. More now than ever because, if you look at the numbers, more than 20 percent of all workers change jobs every year, so looking for talent is almost a perennial activity for most organizations.
Today’s work ecosystem bears hardly any similarity to that of a few decades ago. Call it a passage of time, a generational shift, or disruption, there is no denying that right from the process of sourcing candidates to the way the workforce communicates with each other, the change is drastic.
Lets begin by answering the first question that comes to mind. What in the world is ‘Equanimity’? It is definitely not ‘treating everyone equally’ as one might be tempted to consider. Rather, think of that little smiling Buddha statue you might have seen somewhere, eyes closed, and that benevolent smile playing on his lips.
5 Essentials Every Recruiter Must Have in their Recruitment kit
Who Doesn’t Enjoy A Good Game?
India constitutes 90% of the 1 billion global cricket fans as per ICC market research in 2018. This clearly indicates that cricket is indeed a religion in India. Hence, we thought of drawing an analogy between cricket and the art of recruitment.
Those of you who are addicted to Netflix, have already been exposed to ‘predictive analysis’ without having realised it. It is the technique that is used by Netflix to suggest what you should watch, based on what you have been watching over a period of time. Simply put, predictive analytics makes predictions based on past user behaviour data.