Skill Based Hiring: The New Norm for the Future
December 3, 2020The Right Degree or the Right Skills? The traditional unwritten rule in the corporate world is that you wouldn’t get a job or have a promising career unless you went to a college and earned a degree. The majority of companies, colleges, students, and government officials agreed with this and rightfully so. The skills and knowledge gained from University programs equip students to solve real-world problems. However, in recent times there has been a gradual shift in how the companies are hiring new professionals. While University Degrees and diplomas are still in demand, there is a new trend that companies …
Remote workers’ salary: should the pay be based on their location
November 20, 2020Working Remotely – The New Norm? The COVID-19 crisis has completely altered the way people work. Commuting to work, which was one of the basic components of one’s professional life, has undergone rapid change. Commute to work using mass rapid transport systems (MRTS), which has been the mainstay of work-related travel has also witnessed a lot of churn. While ‘Work From Home’ isn’t a new practice, at least in the IT/ITES sectors, it was earlier driven by ‘employee convenience’ or principles of ‘work-life balance’. This led to productivity gains for some employees as well as organizations. However, the COVID-19 pandemic …
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Developing an effective talent pipeline strategy for the post-pandemic world
November 19, 2020COVID-19 Impact on the Job Market The spread of COVID-19 has led to large-scale disruptions to the world’s economy, resulting in among other things, millions of job cuts. The impact has been across industries irrespective of their nature, size, and location of the business. The Services industry has been the hardest-hit; Hospitality, Travel & Tourism, Transportation are among the most affected. Brick & Mortar companies have also been laying off their workforce. The software industry, apart from a few large organizations which held on to its workforce for the first few months of the pandemic (e.g. Salesforce had pledged not …
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Government Response & Initiatives To Manage Pandemic Impact – UK
November 10, 2020Europe is facing one of the gravest challenges since theSecond World War and is one of the most affected regions globally with respect to the Pandemic. To safeguard economic interests and to lend a helping hand to those who have lost their jobs or have been furloughed, or for the businesses that are finding it hard to sustain, the Government has set in to motion several programs primarily for the UK Private Sector. This article enumerates the various programs that have been unveiled to counter the widespread effects of the economic slowdown. Job Retention Scheme The Coronavirus Job Retention Scheme …
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Turning Disruptions in to Opportunities: UK Recruitment Industry Perspective
October 20, 2020One of the key risks emerging out of the global COVID19 pandemic is the extent of potential disruptions to global supply chains. The direct bearing of this is on the demand and supply metrics across industry groups and business functions. The worrying part is, there is no vaccine currently available on the market and the possibility is none would be available in the immediate future – at least 5-6 months. The slack in demand, if prolonged can severely damage business models, forcing business outcomes which may be out of control. Studying the responses by companies the world over, bears out …
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Virtual Interview Platforms as a Viable and Cost-Effective Tool
October 20, 2020The ongoing COVID-19 pandemic is bringing about large-scale changes in business operations. Social distancing is the new norm and businesses are waking up to the idea of remote/virtual operations to manage certain aspects of their operations. The hiring sector is also going through its share of challenges – while some companies with global operations have put a temporary freeze on their recruitment operations, there are many others which are trying to develop a framework based on technology to ensure business continuity. One of the important aspects of recruitment is scheduling in-person interviews at least once during the hiring process, notably …
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