Skill, Labour, Talent for MSMEs: When it all began, the Covid-19 pandemic was anything but kind to businesses in general, and even less so for startups and small establishments. Companies were scrambling to quickly adapt to the changing economic climate. They enforced change in a multitude of different ways – remote work became the new world order, budgets were trimmed down across the range of industries, and physical events became a distant reality.
To cope with the situation, some companies were forced to lay off a large number of their employees while some others had to resort to budget and pay cuts in order to stem the tide. However, businesses still needed to continue functioning. In order to do so, they needed the right people to steer the ship and stay on course. It was also more important than ever before to have an error-free hiring process since making the wrong hire in these dire circumstances could have a rippling effect. It was fair to say that it was only going to be business as usual when the hiring did not stop. Here’s how hiring has changed since the start of the pandemic:
New Normal: Objective & Skill-Based Assessments
Companies needed assessment tools, which were optimized to host remote tests, that could help them assess the candidate’s skill and nothing else. These were especially tools that had the ability to mask personally identifiable information. This was not just from a social standpoint, but from a business perspective, as companies needed the best candidates in this volatile time. They couldn’t afford to miss their mark because of biases, unconscious or otherwise, seeping in. So, there is more focus laid on objective and skill-based assessments now more than ever because you needed to be decisive with your hiring. By taking skill-based assessments online you could now weed out all forms of unconscious biases from your hiring process and also ensure that your business thrives.
Source: Financial Express
