For most people out there, last year was an unprecedented year; one filled with uncertainties and transformations. Let’s face it, every Indian business struggled to cope with the trickle-down effect of the global pandemic, COVID-19. But, as we entered 2021, companies saw the light at the end of the tunnel, with the economy reopening. Slowly but steadily, organizations have started to fill their seats that were vacant since the outbreak of coronavirus. Amid all this chaos, a host of trends have also been witnessed in the recruitment industry lately. And, as businesses forge ahead with their recruitment plans, there will be more trends in the coming times. Truth be told, it will be acutely interesting to see the emergence of new-age trends that will make recruitment a more process-driven activity.
All that said, let’s dig deeper into the blog and learn the top three hiring trends anticipated in 2021 and beyond.
Increased Use of Technology
Of late, the business world in India has increased the use of technology as well as data-driven processes. The same has even permeated into the hiring process. As a result, technologies like online recruitment software are now a crucial part of recruitment. Using data and analytics, businesses can gauge patterns and trends from resumes, applications, tests and even candidate’s social media profiles. By studying this real-time information and comparing it with other candidates, companies will be in a stronger position to hire the best fit for the role.
Also, investing in any online recruitment software will not offer the desired outcomes. So, make sure that you choose the right system for your organization.
Rise in Freelance & Gig Employment
After technology, one of the most important trends in the job market is the rise of freelance and gig workers. According to a recent study, the gig economy in India will expand at a CAGR of 17 percent to touch USD 455 billion by the year 2023. There are a host of reasons for this hiring trend. Some of them are as follows:
- Freedom for remote working
- Flexible working hours
- The opportunity to discover and work in several fields at the same time
There are more but these are the top elements that have favoured freelance and gig employment in the Indian corporate world. We are sure that this trend will continue to grow in the coming years as well.
Leveraging Talent Directories For Talent Mobility
When it comes to internal talent mobility, we know that in some situations it might not be completely possible and as a result, some companies have no other option but to let go of their employees. In such scenarios, company-branded talent directories have come up as a solution. For those who do not know, talent directories involve public facing, searchable websites that in turn allow employers to elevate their highly active job seekers’ profiles to matching recruitment managers. Also, these directories connect potential employers with talent possessing specific skills that in turn aids businesses to source the best talent.
So, these are the top three hiring trends that will dominate the business world in India.
In just one year, things have dramatically changed like never before. The pandemic has not just redefined an organization’s approach to human resources management but also every vital process. As we move forward, preparing for more transformation and coming up with effective policies as well as strategies is crucial. Only this way, a company can ensure smooth functioning and sustainable growth along the way.
Given that most people will either work remotely or adopt a hybrid model, organizations should be mindful of their recruit’s mental well-being. That being said, it is high time for every business to take a step ahead and invest in one of the best automation tools for the recruitment process, HROne. It will not just simplify the whole hiring process but also aid HR departments to know their priorities while hiring in these difficult circumstances.