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Hiring and Recruitment.
How hiring has changed over a period!
Hiring and Recruitment are a part and parcel of any business. And with changes in the economy and market, many companies are modifying their business models constantly changing their recruitment strategies and candidate requirements.
With the economy being hit due to the pandemic in 2020 and 2021, at least 93% of companies have to throttle their recruitment process in 2022, which is relatively higher than the previous years.
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As the global economies are recovering from the pandemic, certain changes in the work culture across companies have paved the way for modifying the hiring and recruitment requirements.
Over the last few years, the market has changed tremendously which has also led to the creation of new job roles which are seeing greater demand and potential in the coming years. Many online courses have also been formulated and designed which help the present generation. Here are some of the hiring trends to keep an eye on to maximise your chances of getting hired.
Skill-based hiring:
Skill is an integral part of any staff and candidate. Unlike the recruitment in the past which was merely based on qualifications, experience and degree. These days the recruiters are mainly looking out for candidates who are skilled to execute the given task. You can learn new skills or upskills on various online platforms such as Coursera, Udemy, Upgrad, etc. which offer pre recorded online classes that you can pursue at your own pace.
Contract Staffing:
Companies are hiring on a contractual basis which is helping reduce cost and attrition rates. Contract staffing is a smart move by the organisations as they do not have to worry about the future staffing capacity of the organisation. Contractual staffing has proven beneficial to both the employees and employers where the former gets access to work at flexible hours while the latter saves on expenses, increased production, and reaps the benefits of on-demand hiring.
Remote Working:
Many companies have changed the way of working ever since the pandemic. Even in the post-pandemic world, many companies continue to provide remote working opportunities where staff or employees don"t have to commute to the office. This saves a lot of time and cost for both the employees and employers. Remote working also increases job satisfaction and employee morale.
Employee Value Proposition:
Many companies and management are beginning to understand the value of their employees, therefore treating them as assets instead of workers. This is one of the hiring trends that is gaining traction in recent times.
Recruitment tech:
Post pandemic many companies have started adopting new technologies for their day to day operations as well as the hiring process. Companies are now sourcing their candidates through social media apps, online job boards, etc. Gen Ys and Gen Zs who are active on social media can approach companies through digital platforms.
Talent Management Systems:
Companies have started looking at talent acquisition and are investing in talent management platforms. As per research, it has been reported that companies with talent management systems have a robust and enhanced performance leading to greater productivity and profits.
Hiring in the IT sector:
With the rise in technological advancement and digital platforms, the IT sector has inculcated new job roles such as data analytics, blockchain, machine learning, artificial intelligence, etc. These are some of the latest developments in the field of technology and with companies adapting to the technological change at a breakneck speed, there is a higher demand for professionals who are knowledgeable about the latest updates in the sectors.
Hiring processes and recruitment change from time to time depending on the market scenario and economy. However, one thing that won"t change is that companies look for candidates with the right skill to execute the job. So it"s always a good idea to keep up with the trends and learn new skills whenever the opportunity presents itself. This way you can always be ahead of the curve.