Learn Ways To Modernize Your Hiring Process

Hello there, we at McKinley Rice have collectively decided to launch ourselves into helping our dear readers and followers simplify their professional needs. With this, we are endeavoring into this domain, presenting you with a Knowledge Digest to enlighten you with concepts and solutions intended to deconstruct your problems through innovative ideas.

Now, welcome to our first edition of Knowledge Digest. We’re beginning fresh and new - and as we evolve we pledge to continue our purpose of being of service to our audience.

The Prevalent Hiring Process

Let's address the elephant in the room - Hiring Process (Indian Edition). In 2024, despite a robust GDP growth rate of 7% and our position as the fifth-largest economy in the world, it is surprising that our hiring process remains in a state of disarray.

While our assessment may come across as critical, we invite you to consider it with an open mind, without fear of reproach or personal judgment. 

Now, let's focus on understanding the facts accurately and objectively-

InterviewVector recently embarked on a comprehensive survey, gathering insights from 350 industry leaders across more than 200 HR and Talent Acquisition organizations. The findings from this extensive research paint a vivid picture of the current recruitment landscape:

• Talent Sourcing Woes: 38% of organizations are grappling with the challenge of sourcing quality tech candidates, highlighting a significant talent gap in the industry.
• Tech Awareness Gap: 28% of organizations admit to lacking awareness of the latest tech and tools necessary for optimizing recruitment processes, indicating a crucial area for improvement.
• Offer Acceptance Dilemma: A surprising 65% of candidates who accept job offers ultimately do not join the company, posing a major concern for hiring teams.
• Prevalence of Interviewer Bias: A staggering 80% of companies have reported issues with interviewer bias, underscoring the need for more objective and inclusive hiring practices.

These findings underscore the pressing challenges and opportunities for innovation in the tech recruitment space, calling for a strategic overhaul to attract, engage, and retain top talent effectively. 

Now, what may seem to be like an end of the tunnel, is truly not the case. AI-driven Hiring solutions such as Redrob have got the above challenges mitigated in a big way. With this understanding that there’s a big problem - let’s move towards deconstructing these problems into smaller sects attached with a solution. All these collectively will construct the foundation for a dynamic Recruitment Process that evolves with the modern and changing paradigm.

Step 1: Good Riddance to Paper-thin Hiring

I know this report was a shocker. But all the credit for these problems goes to the Paper-thin methods opted for by these hiring processes. Wait, let me explain what this means.

Query: What is Paper-thin hiring?

So, when a company decides to keep up the legacy of “Judge the book by its Cover” - it largely boils down to the temperament of not going beyond Resume and Employee Referrals.

This restrictive practice confines the candidate pool, fostering a lack of diversity.  Moreover, Paper-thin hiring elongates the hiring process, exacerbating workload burdens and overwhelming the existing workforce. This, in turn, precipitates poor retention rates. Hence, recruiters must break away from this narrow approach to hiring.

Step 2: Skill-based assessments

Like every problem - there’s a solution. For this, a systemized shift towards skill-based assessments is the ultimate solution. In this, we require a platform that has the capacity to understand the niche requirements and also the adaptability to stimulate the changes required as per the changing needs of the domains. 

This is one aspect Redrob has mastered. It’s a one-stop hiring solution platform that covers all recruitment needs starting from job posting to scheduling interviews. With Redrob, you can effortlessly connect with the top 10% of talent, all while saving an impressive 90% compared to other leading platforms.

Let's understand how Redrob helps conduct skill-based hiring by using features like:

1. Resume parser 
2. Job Postings
3. Advanced ATS
4. Live Assessment Tests
5. Smart Proctoring
6. KanBan Dashboard

Step 3: Global Hiring

The final step in addressing the challenges in the hiring process is to look beyond the window and explore the global market. By this, we want to let the Indian Demographic Dividend of 678.6 million reach the world.

While this noble idea has seen substantial realization, there remains room for further refinement and evolution within this domain. Thus, India must aim to use its 64 percent of the employable workforce to extend its participation in global economies like the US, the UK, and emerging economies. 

This can be possible through a platform like Redrob - which serves as a bridge, connecting people across geographical boundaries through its online interventions. Hence, this approach of harnessing technology to break down barriers will emerge as a powerful means of connecting individuals globally.

Learnings

As we embark on this journey to modernize and transform the hiring process, it's clear that embracing innovative solutions and technological advancements is crucial. By moving away from outdated methods and integrating tools like Redrob , we can tackle the pressing challenges of talent sourcing, tech awareness, offer acceptance, and interviewer bias. 

Our commitment to evolving with the times will streamline recruitment and unlock the potential of the Indian workforce on a global stage. Stay with us as we continue to explore, innovate, and redefine the future of hiring. Welcome to the new era of recruitment—where excellence meets innovation, and every challenge becomes an opportunity for growth.

You can become a valuable addition to our growing family of 500+ clients and get to choose from 10 lakh professionals with 3500+ readymade templates for Job Posting .