Monday, October 15, 2012

A Report on Endeavour 2011, an Initiative by The Students of IIPM-Bangalore in Association with Industry Experts to bring to light The Formula to Acquire The Right Talent for an Organisation

The emphasis was on the need for change in nomenclature of recruitment and staffing, which can be replaced by ‘strategic talent management’, because an organisation has to be very strategic in its approach for attracting the right candidates. Mr. Arjun said, “48% of social media users update their facebook or twitter at bedtime or when they get up in the morning. You get access to talent at just anytime.”

Another point of focus was that it must also be people centric in understanding the aspirations of the Y generation. On this Ms. Deepa said, “It does not matter what jobs we have, you tell us what you are interested in and we will find you a job with us.” The topics under the spotlight at the seminar were: Becoming a Talent Magnet: To ensure that you get the right mix of candidate types, study workforce demographics and adapt to the labour pool’s evolving perceptions of career types.

Leveraging Technology & Social Media: The social networking sites mostly used by companies for recruiting is LinkedIn, followed by Facebook. Recruiters have embraced the power of their Applicant Tracking Systems.

Evaluation of the Strategic Impact of the Success of Talent Acquisition: A good TA process could always help an organisation to hire better employees and improve the recruitment ROI. Read more...

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