Online recruitment is a developing market at present times. As many organizations and businesses confirm that recruitment can be sometimes very lengthy and time-consuming even for a single vacancy. The importance of Recruitment Consultancy is increasing with each passing year as it has often been observed that companies are increasingly depending upon them for hiring their candidates. Recruitment Consultancies nowadays have many tie-ups with leading companies, which enables them to source out desirable candidates. In has been observed in recent times that Recruitment Consultants are acting as a vital bridge between the companies on one hand and candidates looking for jobs on the other hand.
Technology has proven to be a great enabler for the Recruitment Agencies as resumes have become out of fashion. In place of Resumes, these upcoming Recruitment Consultancies are inclining towards software run by AI Algorithm to screen out the desirable candidates for recruitment. This shows a shift from traditional hiring processes to a more digitized approach where analytical algorithms are used to contact candidates.
This particular industry is growing rapidly in India. The present HR marketplace has individual freelance workers, Start-ups, well established native Indian Consultancy Agencies and MNC's. Businesses that deal with the automobile, farming, luxury, and food have joined hands with HR Companies to grow their workforce faster. Nowadays there is a multitude of Recruitment Firms in India that provide valuable solutions and knowledgeable human resource professionals. The human resource industry has undergone great changes in India over the past decade. The leading human resource companies from all over the world are setting up their bases in India. For instance, Randstad Pvt. Ltd. a Dutch multinational human resource consulting fund with its headquarters in Chennai has its basses set up in all the major cities in India.
According to the "Mettl's State of Talent Acquisition Report of 2018", technical hiring proved to be the biggest challenge for the recruiters. Start-ups and big companies have their own share of challenges and disturbances to fight. The next important process that Recruitment Agency has to deal with is referred to as Sourcing is about building a pool of candidates to choose from. Social Media has an important place in Sourcing strategies. The employee referral program where an HR recruiter is paid a bonus if their candidate gets hired is also a very important method applied by HR companies. An effective job description forms a cornerstone for success as a well-described vacancy gives the job searching candidate a clear idea of what he/she is getting involved in.
As technology is disrupting most of the industries, hiring is also transforming. Several startups have started using AI-driven applications, analytics, and machine learning to address the needs of recruitment. All in all online recruitment companies with the help of AI applications have made the hiring process much less tedious by serving both the job seekers and employers.