understanding recruitment troubles and trends

UNDERSTANDING RECRUITMENT TROUBLES

AND TRENDSRESEARCH FINDINGS FROM THE EMPLOYER’S PERSPECTIVE

TABLE OF CONTENTSIntroduction

Criteria to Hire

Current Recruitment Models

Challenges in Hiring

Solutions Considered

Future of Hiring

Summary of Findings

Research Methodology

About Us

Contact Us© 2016 Talview. All Rights Reserved.

INTRODUCTION

• We undertook the survey to understand thebottlenecks faced by recruiters in the hiring process.Talview is committed toward improving theexperience of both recruiters and candidates. Thefindings of the survey would be used by us to deliversolutions to the recruitment problems and challengesthat the industry faces today.

© 2016 Talview. All Rights Reserved.

CRITERIA TO HIRE

• The respondents were asked to rate the criteriathat they would consider most important whilehiring candidates.

• All the five criteria's had a rating of more than3.5 on 5

• The research indicates that all respondentsprefer a holistic evaluation of candidates

4.27

3.68

3.72

4.51

3.85

0.00 1.00 2.00 3.00 4.00 5.00

Technical

Cognitive

Behavioral

Experience

Qualification


CURRENT RECRUITMENT MODELS

• The current trends show that 72% of therecruiters use in house hiring to source the besttalent for their businesses

• Smaller organizations in general had hiringmanager sourced model

• Managed Service/RPO is a small fraction todaybut many are considering this as an option

Hiring Manager Sourced

11%

In House72%

Managed Service/RPO

12%

others5%


CHALLENGES IN HIRING

QualitySourcing

Retention Cost Time to Hire Screening

44%

10%14%

22%

10%

• Recruiters across sectors consider sourcingquality candidates as their primary challengeand this is also reflected in the importance theyare attributing to social networks for hiring.

• Issues like time to hire, and cost of hire are theother major challenges.


SOLUTIONS CONSIDERED

• Recruiting through social media and Referralhiring are the major solutions that areconsidered by employers today for sourcing.

• Online Video Interviews and PsychometricAssessments are the most preferred screeningand selection techniques.


104

17

50

11

31

50

30

48

21

3

Social Media Recruiting

Implementing an ATS

Referral Hiring

A Career Site

Onboarding Solution

Psychometric Assessments

Online Tests

Online Video Interviews

RPO

Others

FUTURE OF HIRING

• As technology continues to evolve, it plays anincreasingly important role in the way thecompanies approach talent search and thehiring process.

• Options like Social Recruitment, VirtualAssessments and Interviews are seen as thefuture of hiring process

• While recruiters think Artificial Intelligence &Machine Learning Recruiters are important theyare unsure about how it can influence the waythey recruit

0%

5%

10%

15%

20%

25%

30%

35%

40%

Marketingfor Quality

InboundResume

AITechnology

Social andProfessional

Network

VirtualInterview

Others

14%16%

36%

32%

2%


SUMMARY OF FINDINGS

The research indicates that all respondents prefer a holistic evaluation ofcandidates

Managed Service/RPO is a small fraction today but many are considering this as anoption

Recruiters across sectors consider sourcing quality candidates as their primarychallenge

Video Interviews and Psychometric Assessments are the most preferred screeningand selection techniques

While recruiters think Artificial Intelligence & Machine Learning Recruiters areimportant they are unsure about how it can influence the way they recruit


RESEARCH METHODOLOGY


• This research was conducted between July andAugust 2016. A questionnaire consisting of issuesrelated to hiring was sent to nearly 500 companies.

• A total of 210 respondents supplied informationrelating to their organizations recruitment practices,the challenges faced by them in their hiring process,and the areas of improvements they are considering.

• The findings of the survey are based on the datacollected from the respondents

ABOUT US

• Talview is a leading HR technology solution provider which leverages NLP, Machine Learning, VideoInterviews and Psycholinguistics to build 3X better teams 4X faster. Talview globally have processedmore than a million candidates till date. Talview as an innovative, nimble organization is in pursuit ofdisrupting the USD 500 billion global recruitment industry and to bring in efficiencies through the use oflatest technologies. Talview identified a strong market need for a cognitive solution, which can improvethe efficiency of hiring multi-fold and in the process help Talview to accelerate its fast growth further.

• It is the world’s first hiring solution that harnesses the power of advanced data science and machinelearning algorithms, video-audio analysis, social media analytics, psycholinguistics, speech recognitionalong with the experience of enabling three million video responses to help companies build betterteams and gain competitive advantage.



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understanding recruitment troubles and trends

Recruiting & HR