India possesses a vast talent pool with an array of skills offering numerous job opportunities for professionals across different sectors. However, India’s hiring landscape has its own unique challenges.
While some sectors are seeing an increase in hiring, others are struggling with restructuring and layoffs. Certain job families are experiencing low satisfaction levels and less inclination, leading to a shortage of skilled workforce and some are flooded with an abundance of talent. This creates a mismatch between employers’ demand and job seekers’ supply, making the job market confusing. In such dynamic scenarios, traditional hiring methods often fall short of expected outcomes.
The state of recruitment in India
Traditional recruitment poses a plethora of challenges that include slower decisions (involving multiple internal stakeholders), manual and broken processes, limited tech usage, expensive database subscriptions, and multiple recruitment agencies. Talent acquisition teams need to process a large number of job applications but often may lack the expertise and tools needed for the same. They are unable to maintain pace with fast-changing recruitment technology and struggle to close niche roles in a time-bound manner.
Recruitment Process Outsourcing (RPO) is an effective solution to address these challenges and remove these obstacles. Unlike traditional recruitment, RPO is the method of outsourcing all recruitment activities to a specialised service provider. It works like an extension of the company’s Talent Acquisition team by managing everything from posting jobs to screening candidates and scheduling interviews to onboarding.
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