Companies have increased their focus on tapping ‘relevant’ talent in the bid to improve workforce quality and employee-retention rate. Companies such as Google, Yahoo, and Facebook have started the trend of communicating their workforce quality and employee-retention data with shareholders. Hiring for ‘relevance’ has become the top talent management priority for companies across the globle.
Apart from that companies are focusing heavily on creating a succession pipeline and recruiters are under severe pressure to meet their year over year succession pipeline goals.
Read the Economic Times news report here.