As Coronavirus is
a new virus, no vaccines, and drugs have been discovered. The coronavirus scare is spreading all over
the world. The only way to limit the spreading of coronavirus is to cut down the chain of transmission and this arose
the concept of complete lockdown. This
lockdown causes the complete shutdown of the industry and economyworldwide. Due to this, the global
economysufferedfrom a critical economic depression. All the industries
and their productions came to a halt. As there was no expansion in business hence no new
recruitment in any industry. The recruitment industry came into a
standby position or rather you may see a dull future of recruitment industry.
The recruitment
industry is the industrial sector that searches and selects new talents for a
specific job role in a company or organization. Recruitment industry India is much needed in today’s busy world as
it saves the time of the companies to search and recruit talents for the
company. With the help of this recruitment
industry, you can concentrate more on the productive side that can lead to
the growth of your company.
Trends in the Recruitment
Industry:
Do you want
to know about the latest recruitment
trends? No matter what and how the trend is, going with the trend is always
beneficial. By comprehending the industrial trends, as a recruiter, it will be
beneficial for you to allocate the resources easily and effectively. Not only
this, but you can also be competitive in filling up the job openings by new
talents.
Recruitment statistics are on a decline due to the complete
lockdown for the outbreak of COVID-19. Today more than 47 % of the people have lost their jobs for coronavirus.
Most of the companies are firing their employees as India is facing an economic
crisis. Due to the coronavirus pandemic,
many people are jobless today.
Challenges faced in the
Recruitment Industry for Coronavirus outbreak:
Due to the
outbreak of COVID-19, industries are facing lots of challenges in recruitment like:
1. Negative Impact on Employees: Due to the outbreak of the coronavirus, most of the companies have
been landed up in firing their employees instead of hiring. In recent research of the Global Risk Management and
Advisory, it is seen that approx. 42 % of
companies were completely shut down and theywere bound to terminate their employees.
2. Lockdown of the industries: Whether it is a recruitment industry or
any other type of industry, all industries were
shut down due to the outbreak of COVID-19. Among these
the worst sectors were aviation, tourism, recreation, finance and realty.
3.
Manpower has been lessened: Due
to COVID19 outbreak and subsequent lockdown, companies were bound to cut down
their operational costs. Many companies were no longer in a position to keep
their business afloat and had to closed down permanently. Job cuts became one
of the necessities to meet their break-even. New Recruitments were stopped as
there hiring managers saw no positive signs of expansion in business. Many
companies cut their manpower costs to sustain in the hard-hit economic crisis.
How Recruitment Technology Trends
are being implemented?
A
few new aspects in recruitment were seen during COVID19 outbreak. One of this
is online hiring. Few companies who have the knowledge and digital operations,
conducted most of the interviews online. In few incidences, it was difficult to judge the candidates’ potentiality for a particular position. But a
hiring manager can overcome such issues with new recruitment strategies using
digital platforms. So, to understand and judge the candidates, hiring
manager practiced some Recruitment
Technology Trends. The current trends in recruitment that can be used are:
1.
Gamification and Virtual Reality
(VR): Recruiting technology trends has become a part of the recruitment
industry. Gamification and Virtual Reality are surprisingly improving the
recruitment procedure. With the help of these two new technologies, you can
understand how a candidate will be reacting to any current issues or
situations.
2.
Increasing the use of Artificial
Intelligence (AI): In Outbound Recruiting, the recruiters of the recruitment industry generally search for the candidates and
contact them but in Inbound Recruiting, the recruiters make use of various digital marketing
strategies to make job seekers involve for a long period of time. But with the use
of AI you easily detect the nervousness of all the candidates during the
interview.
Overall, it
has been seen that for the COVID-9 outbreak recruitment industries are facing
lots of challenges in recruiting new talent. However, these challenges can be
overcome just by making use of Recruitment
Technology Trends while taking interviews over video calls or utilizing the features presented by various digital
platforms. Although, in late 2020, few sectors in the global economy is
recovering yet a recruitment industry has an uphill task of searching the jobs
for millions of job seekers.
