Article: Demystifying the Complexities of the Hiring Process: upGrad Placements

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Demystifying the Complexities of the Hiring Process: upGrad Placements

As recruitment happens with leaner teams and leaner budgets, data can be a critical lever to increase the effectiveness of your hiring strategies.
Demystifying the Complexities of the Hiring Process: upGrad Placements

With offices reopening and people getting back to work, organizations are now facing the challenges of rethinking workforce planning. With the demarcating lines merging between work from the office and work from home, the emerging new work environment is being built on the concept of a hybrid workforce. Companies are offering more flexible work options to their employees to stay competitive in the market.

Recruiting today is a challenge with leaner teams, leaner budgets, and higher expected results. It is not a simple decision to invest in hiring amid the unpredictable nature of current times. Today, there is an increasing focus on hiring through digital channels as organizations find newer ways to connect with candidates.

Challenges before Employers

Employers face several challenges with regard to finding the right talent in the current climate. Around 65% of all recruiters are trying new ways to meet changing hiring needs, such as deploying virtual hiring, predictive analytics, gamification, internal recruitment, and NLP tools to hire effectively. Some common hiring challenges across the industry are:

●      Changes in onboarding landscape

●      Network and technical difficulties during online interviews and virtual meetings

●      Logistical issues and IT support constraints

●      Virtual onboarding challenges

●      Offer rejections by candidates

●      Lack of budget for talent acquisition & hiring

Complex Hiring Process

Today, the demand for skilled, qualified people exceeds its supply. Smaller companies find it harder to attract the best people as everyone competes for top talent.

Also, a disorganized interview process with unclear job descriptions and inadequate handling of queries about the job by hiring managers hinders the applicant's experience. Sorting through the piles of resumes to select the best talent is a massive task for the recruiters. Lengthy interview processes can also lead to candidate drop-offs.

They also need to have insights from the existing data and implement subsequent changes to make the recruitment process more effective.

 Candidate Ghosting 

Ghosting tops the list among the top digital challenges faced by HR recruitment teams. More than 10% of employers said their top online recruiting challenge was candidate ghosting. This includes the candidates that don’t show up for interviews or do not respond to HR communications.

The current job market gives jobseekers more freedom in choosing opportunities to pursue. Thus, it becomes easier for applicants to miss an interview or send HR communication straight to voicemail with minimal repercussions.

This can be frustrating for employers as it wastes valuable resources and puts the hiring timeline behind.

Misalignment in Demand for Talent

Unless you are a well-established name in the market with a substantial global reach, your job postings will generally not appear on the radar of the best-qualified candidates. According to the  Glassdoor Research Report 2020, 76% of HR managers found attracting top talent the most prominent recruitment challenge. There is a considerable gap between the demands for highly specialized talent with available job roles.

It is easier for good candidates to be contacted regularly by recruiters.

Candidates with in-demand and unique skills are often considering multiple job offers simultaneously. Thus, HR teams need to put in extra effort to find and persuade passive candidates to choose their company over their competitors.

The Great Resignation Challenge

Resignations have peaked and have remained abnormally high for the last several months. In addition, attrition rates are highest among mid-career employees and in significant numbers in the tech and healthcare industries.

With resignations accelerating across the industry, hiring is now an annual need. These trends highlight the importance of a data-driven approach to hiring. Companies need to determine both the numbers of how many people are quitting and the highest turnover risk, reasons for leaving and preventive measures that can be taken.

upGrad Placements: Rising to the Employment Challenge

Amidst all the hiring challenges, upGrad Placements serves as a one-stop platform for organizations to bridge the existing gulf in the job market information and access. Asia’s Higher EdTech major upGrad has taken steps to upskill learners in the latest disciplines and then fulfill the enormous demand for Big Data Engineers, Data Scientists, Product Engineers, and Digital Marketers during the half-year of 2021. upGrad’s career transitions have seen a surge of 57% from Q1-2021 to Q2- 2021 and another 12% from Q2-2021 to Q3-2021, according to the upGrad Career Trends Report.

Organizations need to equip their workforce with the functional, technical and behavioral skills to keep a future-ready talent pool. upGrad Placements has a vast job portal where employers can reach out to the right people and find the best recruitment match. The organization helps their very own learners to enable employer audiences to make smart, fact-based choices by matching the right talent with the organizational resource requirements and ensuring reduced attrition levels and optimized hiring costs.

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Topics: Recruitment, #Hiring, #Hire Future Ready# Workforce

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