Article: The Great Revival: What's in store for India's talent economy?

A Brand Reachout InitiativeRecruitment

The Great Revival: What's in store for India's talent economy?

Demystifying the notion of The Great Resignation requires a concerted effort among talent leaders to pinpoint their employees' struggles
The Great Revival: What's in store for India's talent economy?


Where some might see a crisis looming in the form of The Great Resignation, others see a massive opportunity to acquire great talent. 

This is the story of the top employers of India – a story of resilience after a period of challenges from the pandemic; of recovery backed by an intelligent talent acquisition, retention and development strategy. 

Beyond eye-catching headlines of workers quitting en masse, in regions like North America and parts of Europe, there are underlying factors to the high levels of churn which are often ignored. These factors could help employers uncover why some workers are heading for the exit – and what their organizations can do to keep great talent before it's too late. For example, one study from Qualtrics showed that, while 85% of workers in India feel engaged at work, two in five are also purportedly exploring new opportunities elsewhere.

Demystifying the notion of The Great Resignation requires a concerted effort among talent leaders to pinpoint their employees' struggles; and, with that, understand how a period of tumult, such as the COVID pandemic, is now prompting even the best and the brightest to rethink the meaning of their career.

It's for this very reason that Indeed and People Matters partnered in launching the inaugural Recruitment Outlook 2022, an annual report that asks the questions that matter to HR and talent leaders. The report examines the trends that shaped hiring efforts in the previous 12 months and how companies are revitalizing efforts in the year ahead. It sheds light on changes in recruitment practice, policies, and technology, especially in the aftermath of the COVID crisis. 

For this year, Indeed and People Matters are tackling issues such as candidate withdrawal or drop-off rates, as seen in the phenomenon of 'ghosting', as well as freeze hiring, delays in recruitment, and temporary business closures due to the pandemic.

The study tries to uncover how the best employers addressed such challenges, whether by sourcing from a wider candidate pool, increasing recruitment budget or staff, or improving the employer brand and overall candidate experience.

Recruitment Outlook 2022 also features key investment and growth areas for employers, from intuitive recruitment tools powered by artificial intelligence and machine learning, to integrated recruitment channels that capture today's talent wherever they are (career sites, social networks, or video-sharing platforms, and the like).

The report is capped off by the latest trends in employee value propositions, such as flexible working, wellness initiatives, and support for continuous learning, among others. 

The objective is to give employers fresh insights on how to better attract and retain high-quality talent and build on India's momentum of business recovery.

Eager to learn more? Sign up for Indeed's Talent Innovation Conference 2022: The Great Revival where we will launch Recruitment Outlook 2022.

Read full story

Topics: Recruitment, Talent Management, #Hiring, #Talent<br>Innovation

Did you find this story helpful?

Author

How are you helping to build the future of work?

READ our latest issue for perspectives on the many facets that form tomorrow's workplace.