Consultants are Scaling Talent Acquisition

Nandini Mukherjee, Special EditorOver the past five years, the recruitment and placement industry in India has been rapidly growing at an astounding pace of 21 percent YoY. While the permanent recruitment segment in India is estimated at over INR 3,000 crore, the search industry is pegged to have a market size of over INR 700 crore. In the next 5 to 10 years, quite a few countries and major corporates will be investing in India, and therefore with all the investments coming in, the preferred choice is definitely India.

Recruitment is going online and mobile to meet the unique talent needs of competitive organizations. Businesses that want to grow fast
but steady knows that it can only be achieved when they have the perfect combination of employees and for that recruitment is of utmost importance. The hiring managers and the corporate houses are also largely dependent on recruitment and placement agencies to source and attract the best talent, especially for niche positions in all sectors. There’s a high degree of automation throughout the recruitment pipeline from attracting talent to on boarding it. For example, video interviewing has been a popular concept that helps save on travel costs and provides flexibility. Interestingly such developments are brought about by experienced consultants that are being a saviour for businesses by leveraging manpower.

Taking into account the types of companies being built shift in workforce demographic, and working environment, these consultants are developing more transparent and engaging model and are well equipped to explore the disruptive market opportunity in the recruitment space. They have gained considerable momentum with the active role of investors in this space and have helped companies create a wide array of products, with the infusion of both software and hardware to make the complete recruitment processes smooth and affordable. There is a tool for every thing starting from recruitment talent management, employee self service, gauging engagement and productivity and even enhancing corporate health and wellness.