Devils,
I believe traditionally, atleast in India, this quarter (Oct to Dec) has always been good for recruitment organizations. The reason is very simple. During the previous quarter, many organizations spend a lot of time working through their annual budgets and hiring and expansion plans. Most of them decide by the end of September or early October and that is when the hiring frenzy starts. So what we can do when the sun is shining?
For a start, work closely with your team lead/manager to identify the pipeline of positions that need to be filled by your team. Take complete ownership of the positions allocated to you. By this I mean, you take complete responsibility of filling those positions. This way you remain focused throughout the rest of the quarter.
These are the days when no one can afford to be without a job. I expect that the traditional dropout percentage of 20% will not hold up this time. It could still be there, but most unemployed will be grateful that they have a job. Focus on building your candidate network during this time. There could be many within the candidate network looking for a job and you can tap them well at this time. This will also eliminate the dropout percentage since the candidate is procured through your network.
I have learnt from my experience at EmmayHR that you should keep your recruitment cycle to a bare minimum. This is a two way process, on one hand you have to have a great relationship with your client to ensure that the interview process is completed quickly and on the other, you have to ensure that your candidate has the lowest possible notice period. Keep in mind, this market is now of the seller. Candidates working somewhere are looking out since they know their job is on the line. The company will only be very glad to cut down further costs to keep themselves profitable. So if you are working for a company that wants to hire, then now is the time. Keep both ends happy and you will be smiling all the way to your closure.
IT and ITES companies are not going to hire massively. There are signs that most hiring plans are on target, but that could change very quickly. If your role is into hiring for IT/ITES companies, seek help from your team manager to try your hand at other industry verticals. Manufacturing, Engineering, Pharma are some sectors that are more stable than the rest.
Remember, it is you who has to be proactive in this day and age.
Trust this helps a little. Drop in your thoughts.
By the way, please welcome Mahalakshmi in to the gang. She worked with us sometime back.
Welcome Maha - Please do share your experiences as well.
Monday, October 13, 2008
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