If you want to get ahead of your competition and meet your recruitment numbers on time it’s crucial for you to know what’s trending in the recruitment world. Becoming stagnant, even in your talent acquisition strategy can be dangerous for your company. If you do not want to lose your ability to gain fresh talent fast, it’s important that you are continuously learning what’s new and trending.
Here are a few trending practices you should know about before you plan your recruitment strategy for 2019.
Off-Campus recruitment: Off-campus placements are mass recruitment drives organised by companies at a single place usually at the company office in an attempt to hire a huge number of top fresh talent without having to travel to individual campuses. Off-campus recruitment was a strategy that was not very popular among major companies in the past. However, looking at how smaller companies were benefiting from off-campus drives this type of recruitment has become very popular among Major corporates and startup too. Multinational IT companies with over 400,000 employees, now use this method of recruitment to attract a large pool of candidates without having to invest a lot of time, money and resources into their recruitment process. If you’re a company that needs to complete recruitments in a short period of time you can consider organizing an off-campus drive. Off-campus drives will help you reduce travelling cost and will also enable you to screen a large pool of candidates across campuses sooner.
Pooled Drives: Another trending recruitment strategy is pooled recruitment drives. Just like off-campus drives pooled campus drives was not a popular recruitment strategy. Companies preferred to visit only premium colleges individually to hire candidates. However, with an increase in the requirement to hire fresh candidates, this method proved to be inefficient and slow. Major companies were not able to meet their recruitment number on time and had a limited scope. An e-commerce giant with over 50,000 employees and that recruits a minimum of 1000 employees every year for both technical and non-technical roles resorted to pooled drives to meet their hiring number. This way the company did not need to travel from one campus to the other to conduct recruitment drive but instead saved a lot of recruitment travel cost and time by conducting the drive at a single campus. Now, major IT giants and Paymasters in the industry have also started to embrace the concept of pooled drives. These companies have found this to be the most effective way to recruit a large number of talented candidates from across the country in a short period of time. This strategy has become quite popular in recruitment these days with more and more companies using this module to attract and interview more candidates at a single place. It saves time and resources while also reducing the overall recruitment cost of the company. Through pooled drives, companies are exposed to a large pool of talented candidates from not just one but many colleges. This way if a company has filled 10 positions, they can evaluate the top students from the different colleges at the same time and choose the best one. (increased requirement, students from non-premier college can be tapped)
Hiring Trained candidates: Another recruitment trend that companies have seen benefits from implementing is hiring trained candidates. A Major corporate giant seeking to acquire only the fresh candidates from the market before their competitors came up with a strategy to hire trained candidates. How? By making an alliance with certain colleges, where they train students for a selected period of time and at the end of the training period those students are evaluated and offered employment on passing the evaluation and interview. Through this method, the company saw an improvement in their quality of hires and also found that they saved a lot of time on training these new hires on the job. This increased the productivity to expense ratio of the company and largely increased the overall utility of employees too. Companies are even collaborating with third-party certification and training companies to conduct these training sessions. Soon this too will become a popular recruitment trend in 2019 as it assures company is assured of obtaining quality hires through this strategy.
Automation: Seeking the assistance of automation to make your HR recruitment easier and more organized is soon becoming a necessity for most companies looking to fill positions in 2019. Indian will soon account for more than half of Asia’s workforce with these stats how will companies keep up with the ever-increasing influx of skilled candidates? By Automating parts of the recruitment process. This will not only save you time and money but also help eliminate prejudice in recruitment. Most Fortune 500 companies have all turned to AI-powered recruitment to meet their hiring numbers. Yes, recruitment automation has been around for a while but now companies are looking for recruitment software that can go beyond HRIS. Now companies are adapting software that provides Applicant Tracking System (ATS) and Recruitment Marketing Software on a single platform to make recruitment easier. Companies these days are resorting to recruitment automation tools to make their recruitment process more streamlined and simplified. Companies that have not yet implemented automation in their recruitment process stand to lose top talent to their forward-thinking competitors.
Data-driven recruitment: A recruitment trend that has companies picking out top talent from the right colleges in time is data-driven recruitment. IT companies seeking to make smarter recruit this year have started using past data they acquired from HR technology such as Applicants Tracking Systems and Recruitment Marketing Platforms to make important recruitment and hiring decisions like which college to target, the skill sets required to do the job right and more. In 2019, companies will use the data-driven recruitment strategy to find, attract, engage, nurturing and convert candidates into applicants and employees. Planning your future or current recruitment strategy on past data is a great way to save time especially with campus recruitment. This trend or strategy will help you shortlist the right colleges and define the skills needed for a job role easily, therefore enabling you to scan and find potential candidates faster.
If you’re a company looking to create a bulletproof recruitment strategy that will help you attain your hiring number soon, you can use these trends as a guide. Companies not keeping up with recruitment trends are at the danger of losing out on potential and top candidates. If you are a company seeking recruitment help, whether in resources of recruitment tools Pod (formerly Calyxpod) can help. Visit us at https://pod.ai for more information about our services and learn how we can help you make your recruitment process efficient.
