Recruitment: HR Isn't A Thing We Do, It's A Thing That Runs Our Business
Recruitment: HR Isn't A Thing We Do, It's A Thing That Runs Our Business
Recruitment: HR Isn't A Thing We Do, It's A Thing That Runs Our Business
After announcing its exit from the Southeast Asia region, Uber is
on a hiring spree in Singapore and plan to double the workforce in
the region.
Uber’s job portal lists 19 open roles for Singapore, but the
company has contacted headhunting and recruitment firms to help
fill as many as 75 vacancies. The sources cited that the new hires
will take Uber’s headcount in Singapore to well over 100
employees, the sources claimed.
Industry-academia partnership:
Earlier the companies used to hire everyone at one go, but today,
the companies give notice and make announcements for the late
joining date(s), as per their requirement to every candidate hired
during campus placements.
Despite the previous trend of hiring at the end of the academic year,
the software companies hire as per their requirements, like once
during the mid-year and next batch at the end of the academic year.
Cross-industry hiring is also one of the trends in the software
industry. Nowadays 12% of the hiring is completed through cross-
industry hiring.
Trends in BFSI
Rise of FinTech
Around 42.06 per cent of the companies have put the estimated rise in
manpower strength in their organizations between one and 15 percent,
reveals the survey.
57.14 percent of the respondents say that both new and replacement hiring
is expected across industries.
33.33 percent of HRs feels that candidates having 1-3 years of experience
face the major bottlenecks in recruiting.
Deloitte started a major trend with its “film festival,” which offered its employees
a chance to shoot short videos from their cell phones revealing the fun inside the
company.
Video job descriptions and even video job offers can have a profound impact on
selling candidates.
Employment conditions
Cost of recruitment
Employer’s Brand
5 strategies startups are adopting to deal with hiring
challenges
Challenges
Pressure of starting the operation
Lack of hiring experience
Weak negotiation skills
Lack of clarity about the organization culture
Inefficient assessment tools
Strategies
A complete understanding of the mission and vision
Hiring the people already well aware of organization
Promoting the work culture both inside and outside the organization
Branding on digital platforms
Motivating the current employees
Dream11, “If you are great at life you are great at work. If you
work smartly, you work well.”
The digital-first employer branding campaign celebrates the
Company’s vibrant and dynamic work culture that allows
employees to balance their professional and personal
aspirations.
Celebrating a culture driven by passion, purpose and
performance, Dream 11 just launched a digital-first
employer branding campaign – ‘Be a GameChanger,
Be a Dreamster’.
The campaign celebrates the Company’s vibrant and dynamic
work culture, where talented sports tech enthusiasts,
accomplish their professional ambitions while aptly balancing
their personal aspirations.
Objectives:
Question 1 - Has the employee been the best fit for the role in his first
stint?
Question 2 - Are you are taking the decision to rehire as a quick fix
solution?
Question 3 - How will the team react to this rehire?
Question 4- How the new resources are trained and managed will have
a positive impact on the performance of both the employees and the
company?
Trade unions
Modern Sources
• Internal job posting
• Absorption of trainees
Employee referrals (publicize the program , widen the program ,
measure results )
Measure results - Percentage of number of candidates employed to
number of candidates recommended.
External Sources
Walk –in
Consult –in
Head Hunting
M & As
Tele recruiting
Outsourcing
E-recruitment
Why do organization prefer internal source
Tool of motivation & increases employee morale
Suitability between candidates is judged better
Loyalty ,commitment is more
Cost of selection,
Training & development will be reduced
Trade unions will be satisfied
Social responsibility towards employees may be discharged
Limitation:
Can create conflict amongst colleagues
Excessive reliance on internal sources can create the risk of
employee cloning
Limiting of choices
HR challenges in recruitment
Adaptability to globalization
Lack of motivation
Process Analysis
Strategic prioritization
Start by assessing the sales skills of your recruiters, because in many cases,
they are under emphasized and extremely weak.
Survey all of your new hires during onboarding and ask them specifically
what arguments or sales approaches were effective and which ones had no
major impact. Then use that information to improve your selling approach.
Assessment of a recruitment program
Recruitment sources and techniques should be evaluated against recruitment
objectives and policy of the company
Measures used to evaluate the recruiting process
In case of search , screening, offers extended, offers made and results
Yield Ratios is the percentage of applicants from a particular source that make it to
the next stage in the selection process . It help indicate recruitment sources most
effective at producing qualified job candidates.
Cost per hire
Cost per applicant
Cost of recruitment – (external cost and internal cost)
Time to fill
Acceptance Rate
Days-to-accept
Data can be used in future decision making through feeding the information & data
forward.
How to achieve high offer acceptance rates?