Recruiters are great to be friends with. If you are looking for better jobs or just any jobs, you are a commodity in the jobs market; a recruiter friend can help you fetch the best price for your services. There are other great reasons as well to make friendship with recruiters. How about getting info (more…)

Why does advertising strategy differ when selling products and recruiting talent? Doesn’t recruitment of talent involve selling of the company’s brand name so that a large number of prospective candidates are attracted to apply for post? TESCO, which set shop in 2004, decided to brand its organisation before going to prospective candidates with recruitment opportunities.

Thanks to the talent crunch being faced by hiring managers in almost every growing industry, such innovative strategies are fast making inroads.

“The hiring scenario has witnessed dramatic changes in the past decade with companies facing increasing talent crunch. This is also because new sectors such as retail have come on the horizon. While the number of people joining the workforce is aplenty, “employable” brains are in short supply.”

In view of the challenges on the manpower front, most companies have reworked their hiring strategies. Referral is another great hiring tool at the hands of the hiring managers. With zero to little expenses to incur, they can get references from employees of employable talent. If these references are limited, hiring managers can also take help from Referral Recruitment Portals like Yellojobs.com. What makes these referral recruitment portals special is the access to passive talent base - Jobs are advertised online. Networkers can refer friends and relatives to these jobs. Employers just have to spend a minimum of Rs.5000 to use this excellent hiring technique.

“Job fairs, online talent auctions, and talent referral programs, job sites, walk-in tours of employer campuses are just some of the popular means to bring home the best”, says Monisha Advani, MD, Randstad India.

Read More at Dare

While reports of cost cutting emerge from the dark horse of India Inc., US based IT firms have increased the referral bonus for existing employees. Deloitte, ADP, Pegasystems and Broadridge are increasingly using increased referral bonuses to attract talent. This means that existing employees can earn bigger amounts by referring friends or relatives to jobs within these companies. This also means that hiring is still on.

“This is the right time to hire as salary expectations of people have become realistic and referral system helps identify suitable people. Besides, expansion of India operations will help the company cut cost significantly and mitigate the risk of the US slowdown ,” said an industry analyst explaining the hike in referral fees.

Read more at The Economic Times

While campus recruitment continues to be the dominant mode of recruitment, IT/ITeS companies have substantially ramped up hiring through employee referrals and internal promotions. While 40 per cent of the hiring is through referrals, more than 80 per cent of promotions are internal. Thanks to the financial crisis, hiring has slowed down. The slowdown has also led organisations to take stock of the situation and restructure their working conditions. The hiring plans in the IT/ITeS have been attracting much attention, since they are associated with massive hiring of fresh talent.

Read More at India Times

The economy may have slowed down, but not recruitments, particularly in domestic BPOs, which have continued to stave off the pressure from tumbling I-banks, plummeting Sensex and Rupee-Dollar imbalance. And as Vikramjit Singh Sahaye of referral recruitment network Yellojobs.com India puts it “domestic BPOs have not been hit as the sectors (telecom, retail, etc.) they cater to are not doing too badly”. Therefore, industry experts say that despite the slowdown, the workforce at domestic BPOs will increase by at least 30-40% in the future.

DNA reports on the recruitment scenario at BPOs

The rules of the recruiting world are changing. Head-hunters have taken a backseat when it comes to using their services in finding a good match for job. So what’s in? Referrals are the in-thing these days. Believe it or not, companies are willing to pay generously to employees as rewards for searching eligible candidates than spend on head-hunters. Apart from the huge cost savings, referrals also bring in better candidates from the passive talent pools. The following article brings the spotlight on 15 companies that have used referral programs to bring innovation in recruitment.

Read More at HR World

From job portals that would plainly throw search results in the form of companies with vacancies, job portals have come a long way. These days’ job boards offer a wide hue of value-added services that make online job search more appealing. The employer, who was inaccessible and jobseekers lost contact with them once they submitted their resume, are more within reach now. (more…)

Sick of your boss? Sell him. This is a brand new strategy proposed by Yellojobs.com to get rid of bullying and uncooperative superiors. Through the ad, an animated viral video released earlier this year on YouTube and Google Video, Yellojobs.com reaches out to employees, peeved with their bosses, advising them to refer (more…)