Article: Is the hiring recipe cooking?

Talent Acquisition

Is the hiring recipe cooking?

The general perception is more jobs will chase candidates than the other way round this year
Is the hiring recipe cooking?

Event Theme: The India Hiring Outlook Week 2015

Organized by: People Matters & Monster.com

Getting into the hiring conversation, stalwarts across different industries shared their valuable insights at the India Hiring Outlook Week 2015 in association with People Matters and Monster.com. The weeklong online event, from February 16 to 20, saw a series of webinars, a very interactive tweetchat and the launch of a number of video interviews.

Chairing the webinar on February 17 on the game-changing intervention of Big Data in hiring was Prince Jayakumar, Director-Talent Acquisition at Cognizant. The very contemporary issue of the changing workforce mix was discussed by Seema Nambiar Arora, Sr. Director-People Resources at McDonald’s India (West & South Region) at the second online webinar on February 18. Prithvi Shergill, Chief Human Resources Office, HCL Technologies hosted the final webinar, on February 19, about discovering new hiring tools to mine hidden talent.

The Tweetchat focused on the recipe for recruitment this year and was a vibrant mix of conversations by various thought leaders and industry specialists. The congregation agreed that 2015 will be a bumper year and 6 out of 10 Indian companies will be looking to hire. There will be more jobs chasing the right candidates as opposed to companies dealing with job applications. To keep up with this changing trend, companies will look to focus on their messaging in a manner that appeals to individuals: With real-time recognition and swifter rewards.

Niche skills will gain importance, and these high-demand profiles will be rewarded over market-aligned levels, even if it means companies have to deviate from their standard pay and reward levels. More and more companies will clearly define business success parameters and link employee rewards elements to the achievement of these business results.

Key Takeaways

  1. Six out of 10 Indian companies will be looking to hire and more jobs will be chasing the right candidates as opposed to companies dealing with job applications

  2. Niche skills will gain importance, and these high-demand profiles will be rewarded over market-aligned levels

  3. Companies will look to focus on their messaging in a manner that appeals to the individuals: With real-time recognition and swifter rewards

  4. More companies will clearly define business success parameters and link employee reward elements to these goals

 

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Topics: Talent Acquisition, #IHOWeek

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