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1. Prepared by, Group 1 MANAGING HUMAN CAPITAL SUPPLY IN
INTERNET ERA
2. Recruitment is where marketing of the organization and
employee selection merge. It is ideally a marriage of the two
processes
3. 6 MONTHS LATER!
4. 1 YEAR LATER!!
5. TRADITIONAL RECRUITING- DRAWBACKS Time lag between request
for job and response is high Restricted talent pool for recruiting
the candidates Identifying the right PO fit may not happen within
the budget The relationship between recruiter and company may not
be close Delays and miscommunication leads to high cost of hiring A
Headhunter gets 8% of the annual pay of the employee he helps the
organization recruit Ex: peoplekonnect.com
6. simplymarry.com
7. ADVANTAGES OF E- RECRUITING Job information identified
easily and quickly Response time from candidates greatly reduced
Quality of candidates is better as they are more tech savvy
Intelligent agents helps employers find resumes that match their
JDs(www.resumix.com) Increased visibility of the international
candidates Average recruitment cost decreased by more than 90%
Passive job seekers are reached out by their potential employers
Jeff Taylor, CEO of monstor.com The Internet has brought consumer
control to the
8. Success rate is less than 3% E recruitment is implemented
through keyword search which may result in a potential candidate
for a job opening missing out because he/she hasnt mentioned the
particular keyword being searched Employees testing waters to see
what is the market scenario Background check need to be done as
there are more and more fake ids created regularly Employees use
e-recruitment to get an offer and negotiate their salary with the
current employers DISADVANTAGES OF E- RECRUITING
9. VIDEO
10. JOB TRENDS Work from home on the rise Self employment
Decreased Job Tenure Employer controlled economy to skills based
economy Only a few organizations grow their talent from within Ex:
Procter & Gamble High premium on passive job seekers
11. WORKFORCE ANALYTICS Managing current and future
requirements by focusing on Hiring, Attrition and retention trends
Training and Job rotation to maximize output Streamlining capital
structures and making firms more productive by building extended
enterprise systems Attaining Competitive Advantage High Low
Relative Delivered Cost High Low Relative Differentiatio n
12. TWO-STAGE HUMAN CAPITAL ACQUISITION AND MANAGEMENT MODEL
Pre-Employment Stage Candidates bid for their services and
employers recruit candidates based on their service potential
Recruiters identify suitable candidates and employers recruit
candidates based on their service potential Post-Employment Stage
Roles reverse. Employers are suppliers. Employees are customers.
Develop effective employee development program to enhance
enterprise productivity
13. PRIMARY RESEARCH Pepsi Saumya Mittal - General Manager,
Talent Acquisition Pep Net an internal community of PepsiCo, where
in all the recruiters across the globe such as Russia, China etc.
post the information about the latest trends of hiring strategies.
It would be mandatory for the person to login to the Pep Net
community at least once in a day The journals of Corporate
Executive Board (CEB), Journals of Organizational Behaviour,
psychology, EBSCO etc. would be referred to obtain the latest
trends on Talent Acquisition
14. LATEST TRENDS Microsoft(Twitter Handle: @MicrosoftJobs)
Microsofts old online recruiting presence had become outdated, and
was a navigational nightmare for jobseekers, who suffered from
content overload and lack of an organized, central careers hub.
Microsoft now takes a global approach to recruitment, rather than
having different careers sites for different countries and even
different business units within the same country.
15. LATEST TRENDS
16. LATEST TRENDS The LinkedIn survey covered over 4125 talent
acquisition leaders globally including 300 in India across 14
industries
17. KEY LEARNINGS Traditional Methods lack cost effectiveness
and do not cover a diverse talent pool Online recruitment has
enhanced communication and response time, decreased cost The job
tenure of employees across various age groups have started reducing
significantly Free lancers and self employed have become a
significant part of the workforce