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Recruitment and Selection During Covid 19-The Pandemic: Issues and Prospects
Recruitment and Selection During Covid 19-The Pandemic: Issues and Prospects
The biggest challenge in the recruitment industry are companies are firing
instead of hiring. According to research from global risk management, 42% of
surveyed organizations reduced their hiring.
Some industries are need of additional workforce in order to support the
growing need for their services,
Companies need to digitize their recruitment process as companies are closed
and everyone is working from home.
Companies need to cut their hiring costs. Some of them even shifting from
agency to in-house recruiting.
Top 5 industries hit by coronavirus
The E-Commerce companies like Flipkart and Amazon had biggest challenge while
hiring ground staff during pandemic breakout.
It was reported that these companies experienced about 80-90 percent labour
shortage.
COVID-19 quickly changed Flipkart and Amazon ways in attracting, recruiting and
retaining employees on virtual teams, making remote work new normal.
BFSI- Sector
BFSI sector contributes over 6% to GDP
Plays a substantial role in economy growth
Covid-19 has changed the way of organization in the BFSI space
Gone through a slowdown in Hiring because of covid-19
Indian BFSI sector gone through a Hiring Freeze
Numerous instances of interviews being cancelled
After unlock 4, hiring practice that were stalled, picked up pace
YoY basis, there is a down in hiring activity
Cont.
The need for highly skilled people like data analysts, stack
developers, app developers artificial intelligence experts etc
is likely to see a rising trend in hiring.
The creation of new job like data analysts, stack developers, app
developers, artificial intelligence experts is emerging, so as
recruitment and selection
Employer Perspective