The state of talent acquisition report by the mercer metals highlights the following important facts India companies are expected to raise their hiring budget by 34% and volumes by 31% in 2019.
Due to this increase in hiring the companies are expected to race they are hiring budgets by at least 34% compared to 20% of companies in 2018 .
Technology will be critical driver for achieving better outcomes as well as for adapting to the growing change in the job market and the hiring landscape
The better outcomes are not just confined to recruiting an adequate number of professionals and retaining them but also managing the human capital efficiently.
The report notes that technology is employed extensively in Sourcing (88%) candidate while it used the least when boarding (49%) candidates
The report cites that like a budget about 33% is the biggest obstacle to implementing technology in the talent acquisition process
The respondents have cited that Human Capital acquisition remain the critical issue in the country with employees indicating that finding quality talents is a problem .
The human capital acquisition was cited as a critical issue by 84% the in the Northern region of the country followed by southern region (81%) East (71%) and West (58%)
The situation was comparatively better for larger organisation as 67% of respondents from the category set they face the least resistance in talent acquisition although the challenge still persist in certain aspects of the process .
The report notes that finding talented employees for a specific role has become a major stumbling block for organisation even when they are ready to offer remunerations that are considerable e higher than the market standard .
The state of talent acquisition report was based on a survey of over 900 recruitment decision makers including VPs, SVPs, EVPs, C-suite executives, directors, managers and HR executives from across the country
