Hiring talent a challenge for companies in 2018
BENGALURU: Talent acquisition is likely to be challenging for recruiters in India in 2018, according to nearly eight in 10 human resources heads and business leaders surveyed by talent assessment and skill measurement company Mettl.
In a report, which took into account the challenges ahead for recruiters in a rapidly changing digital, economic, demographic and social landscape, Mettl said that the pace of technological changes will continue to create demand for new skill sets and job roles, and that organisations should develop a blended approach to talent management and recruitment. “Attracting talent will be a top priority this year, and organisations must create systems and routines to give employees the learning opportunities they seek, accelerate their growth and transform their careers
The ‘State of Talent Acquisition in India’ survey, based on responses from more than 1,860 HR and business leaders across India, showsthat 87.6% organisations will have an increased hiring budget this year, up from 67.8% last year. Further, 76.3% of organisations expect to have an increased recruitment volume this year compared to 64.5% last year. Companies will look to hire through social media, with 36.17% respondents saying they would use this recruitment strategy to source talent.
Other sources that companies will look at include external recruiting through job fairs and campus placement (23.83%), talent sourcing firms (18.64%), internal referrals (13.36%) and talent pipelining (9%).
The respondents spanned sectors such as pharmaceuticals/healthcare, IT/ITeS, retail, manufacturing and BFSI (banking, financial services and insurance) from companies including Siemens, IBM, McCann, Wingify, Apollo Munich, Microsoft, Cipla, Infosys BSE -1.60 % and TCS.