Article: New innovation in hiring technology talent

Talent Acquisition

New innovation in hiring technology talent

Monster.com launched their new interface called TalentBin to match candidates to employers
New innovation in hiring technology talent

Technical talent is notoriously difficult to access and recruit. Many are not active job seekers, and therefore are unlikely to have uploaded a resume to a database or created a web profile, which makes them ‘unfindable’. In a recent survey conducted by Monster.com, 68 per cent of the respondents felt it was extremely difficult or at least difficult to hire talent for niche skills like technology. Of the total gamut of employers in the survey, 1/3rd of the employers relied on job portals to find the right talent. Further, the survey also highlighted some thought-provoking insights on hiring specialized skill sets in India. Around 55 per cent of the respondents said their recruitment department needs 5 – 10 man hours to hire a technology professional. To make it even more challenging, 72 per cent highlighted that only 2 out of 10 of their correspondences with job seekers actually converted into hiring. However, relevant talent is spending time online and leaving their footprints, demonstrating the professional skills that make them desirable candidates.  This makes way for recruiters to find the ‘unfindable’ in time and at the right place.

Aligning to the current situation, Monster.com, recently introduced TalentBin- which provides recruiters access to candidate profiles aggregated from social sources across the Web. Through this platform, Monster.com aims at finding the ‘unfindable’ talent using a storehouse of actionable information and web-based recruiting tools.

In a skills-constrained environment, a company’s ability to find, attract, and access the right professional DNA is critical to success. TalentBin automates and streamlines the talent discovery process via automated site monitoring, interpretation and matching, and simplifies and automates the recruiting workflow, allowing recruiters to do more in less time. By harnessing the vast amount of professionally relevant information people share across the social web, TalentBin by Monster surfaces potential job candidates by assembling profiles using current professional activities from relevant sites.  By making sense of candidate social activity, and compiling those details into a rich professional profile, complete with contact information, recruiters can find many previously undiscoverable candidates – including those not actively seeking a new job.

Mr Sanjay Modi, Managing Director, (India/Middle East/Southeast Asia/Hong Kong) said, “The social web is a critical element of today’s recruiting best practices. TalentBin by Monster is a solution to this evolution of online and web hiring. It has an intuitive and specialized communication template assembling candidate profiles from publicly available online sources, limited to professionally relevant information. It is going to surely make the ‘unfindable’- found.”

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Topics: Talent Acquisition, Strategic HR

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