Rannsolve

Covid-19’ is all the world is talking about. But our collective preoccupation with the virus is justified as the effect it is having in the lives and livelihoods of people across the globe is terrifyingly tremendous, to say the least. Thousands have lost their lives and jobs. Business and economy have slackened to a sluggish pace. What will happen to recruitment in a post-COVID world? Is the  recruitment industry  heading for a slowdown in 2020? An Overcast Sky The sky over the recruitment landscape now does look gloomy and dark. The United Nations has predicted that the number of people facing job loss due to the pandemic this year could be anywhere between 5 Million to 25 Million. International Labour Organization’s Director-General, Guy Ryder calls the Covid-19 crisis, a labor market crisis. In his words, “this is no longer only a global health crisis, it is also a major labor market and economic crisis that is having a huge impact on people”.  While m...

The recruitment landscape is changing at a fast pace. Your ‘tried and tested’ recruitment strategy that worked like a charm one year back doesn’t today. The tricks that brought in the talent in 2019 is surely not going to be enough for 2020. To survive in a competitive market where the economy and technology are changing faces every day, companies and  recruitment agencies  need to constantly reinvent themselves. A tough challenge for sure!  Moreover, the competition for the right talent is no longer limited to the other players in your industry. You are competing against a score of companies across diverse industries.  Recent research by IBM indicates that 90 % of S&P 100 companies are recruiting for the same 37 roles that are in demand. And these 37 jobs constitute 50% of job postings by the S & P 100.   Tips for Successful Recruitment in 2020  So how do you handle recruitment in 2020? How can you withstand or maybe even thrive in...

Monster’s State of Recruiting Survey 2018 presented some interesting yet worrisome findings. Of the more than 400 respondents who participated,   67% found their jobs more difficult than it was 5 years ago   62% said it’s tougher to find good candidates than it was 5 years ago   59% acknowledged that there was a shortage of skilled labor    52% considered competition from other recruiters  a huge problem These facts tell us what we already know. Recruitment is a tough business and it’s becoming more so in the last few years. The technological advancements in the last decade have added more layers of complexity to the task. Recruitment has become as much a science as it is an art; one that needs specialized knowledge and mastery in equal measure. Not something in-house recruiters can handle on their own anymore. This is why recruitment agencies or  staffing agencies  have assumed significance in recent years, especially in the IT sec...