The Changing Nature of Work in India
In the current scenario, the nature of work is rapidly changing. In an economy as vast and varied as India, companies face many challenges in talent acquisition of skilled employees. Most Indian companies these days prefer to entrust the task of talent recruitment to the hands of professional recruitment agencies. Studies show that though social media platforms and numerous job sites are still the key hiring channels, an increasing number of organizations prefer to relieve themselves of this time-consuming task. A study by CIEL HR services revealed companies all across are looking to hire right from juniors to mid and several high-level staff too from these recruiting agencies.
Challenges in Talent Acquisition and Skilled Labor Demand
In the past few years, as the Indian economy had seen considerable growth, there was a rise in the direct talent demand across the various job sectors. This in turn saw an increase in job opportunities although hiring skilled employees remained a challenge during the period between December 2019 to January 2020. This was the view put forth upon a study covering more than 200 senior to mid-level executives across sectors.
Shift Towards Recruitment Agencies
Recruitment and talent acquisition of skilled workers is quite a time-consuming process for all major firms. So in order to decrease the amount of effort required to hire candidates, most big organizations are gradually shifting towards recruiting companies with talent acquisition strategies to fulfil their skilled worker needs.
Related Reads
- Impact Of Technology On Talent Acquisition
- Recruitment Trends 2023 and How it Reshaped the Indian Recruitment Scenario
- Why Contract Management Is Smart Business
Hiring Time for Different Levels of Roles
With almost 50% of the Indian population in the age group between 20 to 25 years, the entry-level vacancies are easily filled in a span of less than thirty days. The mid-level roles take about sixty days or so. Hiring managers take a little longer and the positions are eventually filled in around 180 days.
Factors Influencing Recruitment at Different Job Levels
The key factors that attracted candidates and retained them at the junior level were the remuneration and professional growth. The mid-level trend was dominated by designation, job security, and personal growth within the company. At the senior level, the key factors that drove employee hiring and retention were centered on the role within the organisation and the variable pay. Other major factors that influence senior-level job recruitment include the financial health of the company, work culture, employer brand, and long-term vision of the organization.
India’s Workforce and the Future
India is at a critical juncture in its journey as a nation. The economic growth and the human workforce are presenting an appealing opportunity for us in the future. With the world facing a shortage of talent, corporate India faces the challenge of matching the appropriate talent to the job and has accepted this challenge with open arms.
References:
- “India Inc shifting to recruiting firms for talent acquisition” Report | Business Standard | March 1, 2020
- “The evolving world of talent acquisition” | Taggd by People Strong | August 26, 2019
