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[Product Updates] It’s all about the candidate - intuitive interfaces, multilingual capabilities, and more

In a candidate-driven market, it is becoming imperative to focus on the candidate’s hiring experience.

Especially since 57% of job seekers lose interest if the hiring process is too long.

In: hrtech

5 Tips for Recruiting Generation Z Employees

Generation Z – also referred to as the Digital Natives – is the group that comes after Generation Y (or the infamous Millennials). Generation Z individuals are those that were born between 1995 and 2009, making up for about 25.9% of the US population. By 2020, this generation is expected to contribute about $44 billion to the US economy and make up a third of its total population.

11 Benefits of Hiring Recent College Graduates

Right now, employers are struggling to hire and retain employees. Some argue that it’s a skills gap problem. Others say it’s due to the company’s unwillingness to pay decent wages or offer adequate training. Both arguments are politically charged, and each has merits.

10 exciting things to look forward to at TalQuest 19!

As we’re getting closer to TalQuest 19, we can’t help but share our excitement for what’s ahead! This year, we bring to the spotlight a revolutionary technology that transforms the way we hire: Insta-Hiring. TalQuest 19 is meticulously organized to foster productive discussions, Master Classes and Thought Leadership sessions with the creme of the industry. Why? Because at TalQuest 19, everything revolves around you, our attendee!

In: Talquest

5 Key Ways to Streamline Your Business' Recruitment Process

An employee leaving your company can cause so many problems nowadays, especially if your company policy is operating a 2-week notice period. Of course, the recruitment process to replace and fill these vacancies take a lot longer than this to process, and it can be hard to keep your business running smoothly.

Re-defining Recruitment: Introducing, “Instahiring”

Most seasoned high volume recruiters understand that Time to Hire is the single most important hiring metric. Time to Hire in itself is important as business always need candidates like yesterday. Most high volume recruiters are in businesses where either you have a large field workforce and if you do not have enough people on the field at any given point of time your ability to sell or service is limited or you are a services business where your resources are billed to the end customer and if you do not have enough resources on payroll you are loosing revenue.

But Time to Hire is important not just by itself, it also impacts all other key hiring metrics- Quality of Hire, Candidate Experience and Cost per Hire. We will discuss each of these below.

Quality of Hire: A good candidate today is available in the market only for 10 days. If you have a 2 months long hiring process your ability to hire to hire the best candidates is significantly limited. 

Candidate Experience: 6 out of 10 candidates who drop of the funnel attribute that to a long hiring process. 

Cost of Hire: It costs an average of USD 4000 for every new hire. The cost increases with the time you spent.

Meanwhile, the working class demographic is undergoing a massive transformation with digitally native Millennials entering the workforce. Statistics show that Millennials will constitute to 75% of the working demographic in the United States by 2030. As far a the Indian market is concerned, the gig economy is expected to account for 43% of the workforce by 2020. 52% of the private workforce has spent time as independent workers at some point in 2018.

In: Talquest

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