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Companies turning to technology to reach out to right talent: SHRM India–CareerBuilder report

By   /  December 21, 2016  /  Comments Off on Companies turning to technology to reach out to right talent: SHRM India–CareerBuilder report

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New Delhi: Nearly 80% organizations use technology mostly for job/social media posting, career websites, internal/external database search and background searching.  However, a whopping 17% of organizations are completely unaware of the existence of any such tools for the same. These trends are revealed by Talent Acquisition & Automation research report released by Society for Human Resource Management (SHRM), the world’s largest association devoted to human resource management, in collaboration with CareerBuilder India.

The research report also mentioned that technology is least leveraged for candidate screening, evaluation, engagement and self-service. Further, MS Excel is still the primary source to measure and manage pre-hire metrics.

“Talent Acquisition is one of the critical yet undervalued functions of an organization. The simple automation of this asset can safely predict, accelerate, analyze and empower organizations to deliver the best for their products or/and services. Almost all firms, irrespective of size, industry and geography, struggle with a gap in expectations from their workforce on hiring and the actual delivery,” said Ms.Achal Khanna, CEO, SHRM India. “With the aim to analyze and thereby address this gap and give a push to technological assistance, we have joined hands with CareerBuilder India and come up with a report on “Talent Acquisition and Automation in India, 2016,” She added.

“Human Capital is the single most critical resource of an organization. To ensure consistent and stable performance of this resource, acquiring talent is the first step in this direction. Through this report, we aimed to provide relevant insights, perspectives and current trends on how technology is impacting the talent acquisition sector in India. It is easier to arrive at solutions when the problems are clearly identified and analyzed,” said Mr. PremleshMachama, Managing Director, CareerBuilder India.

According to the study, the biggest hurdles in adoption of technology are lack of awareness of existing relevant tools and inability to track Return on Investment. Budgets, implementation challenges and internal bottle necks (12%) are the least of challenges.

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