#TalentEveryWhere | Orcapod Newsletter – August 2021

Improving diversity hiring using talent market analytics

Diverse workforce contributes to 36% outperformance over competitors and 70% chances of success in new markets as per research. The COVID-19 debacle has tested leadership abilities as companies had to find new ways to interact with customers, manage employees in remote working conditions and hire in pandemic. These extraordinary challenges have slowed diversity and inclusion efforts of companies. More companies are adopting remote working models and in the current market conditions, hiring diverse talent is easier and more lucrative. The need of the hour is to promote diversity hiring through standard initiatives.

click here to read the full article

How Is Technology Transforming The Talent Acquisition Process?

With the aid of digital technology, recruitment process has become simplified and economically viable. Technology like artificial intelligence lends speed and efficiency in hiring procedures and improve employer brand value. Employers can break geographical barriers, speed onboarding process, and access diversified talent pool who align with the company culture. Technology-led assessments can be employed by companies for hiring, retention and promotions. Over 75% firms of more than 100 employee use assessment tools. The tech-based hiring and assessment tools provide secure and transparent resources for hiring the right candidates.

click here to read the full article

41% of Recruiters Take Over 6 Hours to Respond to New Leads Reveals 2021 “State of the Staffing Nation” Report

Sense, the market leader in AI-driven talent engagement and communication platform solutions for recruiting has released it’s 2021 “State of the Staffing Nation” report. It highlights trends, data, key strategies, and best practices for recruitment. The survey covers over 600 staffing leaders from 212 firms across 26 industry verticals. This year’s report highlights the complex hiring landscape that drives recruited efficiency and maximizes placement rates. The report provides a strategic look at the state of staffing industry and key areas for industry leaders to focus.

click here to read the full article

IT employees wooed with bonuses & bikes

There are multiple openings in the Indian IT sector but not enough qualified people to fill the vacancies which is leading to talent poaching. Talent is being wooed with offers of bonuses, luxury bikes, iPhones, monetary rewards for taking assessment tests and flexi-hours among other things. Candidate negotiations have become tougher with better offers piling on each candidate from competitors. Even with over 1000 interviews scheduled every week; candidates are hardly showing up or there are internet connectivity issues leading to interviews being cancelled. With 45-60 days onboarding time, candidates have a lot of time to shop around for better opportunities.

click here to read the full article

More companies to go the flexi way in hiring

Healthcare, IT, pharma, edtech and e-commerce sectors will be hiring more flexi-staff in the next half of the current fiscal as per Indian Staffing Federation (ISF). Following them will be logistics, insurance, manufacturing, banking and FMCG. Although ISF observed a decline in flexi staffing in the first half, there was a sharp rise in the second half. In 2020-21, there has been an overall net addition of 1.57 lakh people in the flexi-staffing workforce. With over 31% growth, flexi-work shows maturity and growing acceptance of formal contract employment options and add a huge impetus to the country’s employment scenario.

click here to read the full article

Freelance Management System (FMS)

Aided by demographics, digitalization, wider availability of fast speed internet and pursuit for great professional satisfaction the freelance market is growing at a fast pace worldwide. Employers and employees are showing preference towards flexibility over continuity and deliverables over duration, with everyone working towards an economy where employability is matched with skills. The preferences are leaning towards quality of experience and work content over brand name and years of experience.

A streamlined Freelance Management System (FMS) is the need of the hour to enable organizations to leverage the potential of freelance engagement and manage the operational complexity of dealing with this ecosystem. Orcapod Services FMS guides and facilitates with Sourcing and Onboarding, Relationship development, collaborations, background verification, invoice processing and expense payments. We assist companies with designing freelancer engagement models that are attuned to the business culture and goals. We offer transparent and secure alliance for the freelancer and the client so that they can work on the project with minimum administrative hiccups.

click here to read the full article