Successful & Emerging Recruitment Trends of iSource Despite COVID -19 Pandemic - Take a look....
"The key of change is to spend all of your energy, not on fighting the old, but on constructing the new," Greek philosopher Socrates may have been referring to the times we live in when he stated, "The secret of change is to focus all of your energy, not on battling the old, but on building the new."
The COVID-19 pandemic disrupted the recruitment sector in 2020, forcing it to adjust quickly to:
Soaring unemployment rates – According to the Centre for monitoring Indian Economy (CMIE) Statistics, the unemployment rate in India hit 7.9 percent in February 2022, of which half of them were women.
The transition to remote working — According to Gartner survey, the number of days spent working remotely in India has been raised up to 83 percent in the pandemic.
The use of remote recruitment tactics – In response to the pandemic's unpredictability, 86 percent of companies are adopting virtual technologies to interview candidates, according to a Gartner poll of HR leaders conducted in April 2020.
iSource is coming up with new strategies to onboard remote staff, such as group sessions and virtual meetings.
In the next months, these exceptional circumstances will accelerate active recruitment blueprint and inform new ones. In order to attract, recruit, and retain top talent, this article offers 10 essential recruiting trends followed by to be aware of.
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1. Flexibility in the Workplace
Employees desire the ability to negotiate contract terms as well as the opportunity to offer comments on their recruitment experience. Candidates are given the opportunity to bargain on rewards, freedom, and promotion opportunities have higher retention rates.
2. Remote hiring is becoming more common
At iSource in 2020, a considerable section of the workforce will have grown accustomed to flexible working, and few people will gladly give up that freedom. The ability to work remotely, at least part of the time will be a major motivator for many employees, increasing their commitment to the company and boosting their well-being.
Many businesses are increasing their use of virtual workers. The good news is that allowing employees to work from home has been shown to improve employee retention, loyalty, and happiness.
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3. Hiring practices that priorities diversity
iSource believes in multiculturalism in hiring to guarantee that candidates are not discriminated against based on their age, gender, ethnicity, religion, sexuality or any other factor that has no influence on their ability to execute a job.
Currently, over half of all human resource professionals believe that hiring managers are not held accountable for interviewing a diverse range of candidates. Recruiters and hiring managers will pledge to eliminate unconscious prejudice and boost diversity and inclusion activities by the year 2021. Establishing diverse interview panels that correctly reflect your talent pool is a fantastic place to start.
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4. We believe in Transparent Recruitment Process
Candidates are more interested and focused if there is transparency throughout the recruitment process. This entails being forthright about:
Selection process - It is critical to clearly communicate how the recruitment process works. For example, how many phases will there be in the interview process, and would AI or automation be utilized to screen candidates?
Salary range — Being honest about salary saves time in the long run by allowing recruiters to swiftly screen out prospects who are under or overqualified.
Package of benefits – It's not worth lying to a prospect about rapid professional advancement, extra vacation days, or flexible working hours. Empty promises like this will only help to raise turnover rates.
Timeline for hiring - This is especially significant for job seekers who are currently unemployed. A lengthy recruitment procedure may be off-putting to certain candidates.
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5. Constructive Feedback
Although no one appreciates the process of interview rejection, the industry is increasingly cognizant of the importance of providing constructive interview feedback to both successful and unsuccessful candidates.
This is a sign of respect that not only provides closure to candidates but also preserves your brand's reputation. If a candidate believes they've been treated unfairly, they're inclined to tell others about it.
According to research, the recruitment process motivates 97 percent of candidates to suggest others, and more than half of candidates will post about their recruitment experience on social media.
It can be very costly for your company if you fail to deliver a great experience for applicants. In 2021 for example, iSource predicted that candidate’s bad experience costs much.
?6. Relationship management with candidates
Today, 90% of HR experts feel that the candidate is the primary driver of talent acquisition trends. As a result, candidate relationship management (CRM) is expected to be a hot topic in 2021. iSource have strong practice of building and sustaining meaningful relationships with previous, current, and potential candidates. As a result, you'll be able to expand your talent pool, which you may use as and when new opportunities become available and improve candidate engagement throughout the hiring process.
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7. More Equitable Recruitment procedures
Employers will seek to build fairer and more uniform recruitment practices in 2021, as iSource top focus is on ?diversity and inclusion remain for them. Fairer recruitment methods will be implemented in 2021, including:
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8. Extensive skill testing
Driving efficiency will be one of the most important recruitment trends in 2021. We have a standard skill testing method with Harrison’s skill assessment, proving to be far more effective than some other traditional hiring approaches for faster and efficient candidate screening.
?Furthermore, skills testing help to eliminate unfair discrimination from the hiring process, resulting in happy, longer-term employees.
?9. ?Technology for virtual recruitment
The global epidemic triggered an inescapable increase in remote hiring, with many companies for perhaps the first time implementing an end-to-end digital recruiting procedure.
However, our recruiters predict video interviews to become the primary interview option in the future – particularly for entry-level prospects – this is a trend that will persist until 2021.
Video interview process, in particular, has a number of advantages. For starters, being able to record the conversation eliminates the need for another interviewer to write notes. Second, the procedure is significantly more efficient because candidates are more likely to be able to fit a virtual interview into their schedule. Finally, iSource being able to replay answers to specific structured interviews makes it much easier to compare candidates fairly.
?10. Educating Recruiters
The job of the recruiter’s have changed in 2021 as a result of the shift to remote working, greater unemployment, shifting corporate goals, and an increase in internal hiring.
Adaptability, personal development, and diversity and inclusion are the most in-demand skills for recruiters in 2021, according to LinkedIn. In addition to meeting your company's employment demands, you'll have extra time to work on essential initiatives and HR strategy.
In the next months, sharpen up technical capabilities such as virtual recruitment and onboarding will be a top priority.
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