HYDERABAD: Wisdomjobs.com, an online recruitment and career solutions portal based in Hyderabad, released a report on “How companies are striving to improve the quality of hirings.” Wisdomjobs.com surveyed 120 companies across Hyderabad, Delhi, Mumbai, Bangalore, Chennai, Kolkata and Pune to understand their focus on improving quality of hire, and the metrics they employ to improve the quality of their hires. This survey includes companies from IT, E-Com, retail, FMCG, real estate, pharma and manufacturing sector.
Companies have different hiring methodologies. Some focus on cost-effectiveness and quick turnarounds while others prioritize long-term success of their hires within the organization. Whatever the methodology, the single-most effective parameter to measure the success of a company’s hiring process is ‘quality of hire’. While some companies also place emphasis on ‘time to hire’, it is the quality of their hires that impact organizational performance over time. Jibe.com, a career website defines ‘Quality of hire’ as the value new employees bring to the company, and therefore demonstrates how effective the recruitment team is at finding and connecting hiring managers with the right people for each available job. Some of the key findings are:
What channels are companies banking on to improve QoH?
Most companies are making conscious efforts to improve the quality of the candidates they hire by opening several channels of engagement with potential hires. From social media engagement to employer branding, companies plan on investing more in the following channels to improve QoH:
Other tools used by companies to improve QoH