MANAGING HUMAN CAPITAL SUPPLY IN INTERNET ERA

Prepared by,Group 1MANAGING HUMAN CAPITAL SUPPLY IN INTERNET ERA Recruitment is where marketing of the organization and employee selection merge. It is ideally a marriage of the two processes6 MONTHS LATER!

1 YEAR LATER!!

TRADITIONAL RECRUITING-DRAWBACKSTime lag between request for job and response is highRestricted talent pool for recruiting the candidatesIdentifying the right PO fit may not happen within the budgetThe relationship between recruiter and company may not be closeDelays and miscommunication leads to high cost of hiring

A Headhunter gets 8% of the annual pay of the employee he helps the organization recruitEx: peoplekonnect.com

simplymarry.com

ADVANTAGES OF E-RECRUITINGJob information identified easily and quicklyResponse time from candidates greatly reducedQuality of candidates is better as they are more tech savvyIntelligent agents helps employers find resumes that match their JDs(www.resumix.com)Increased visibility of the international candidatesAverage recruitment cost decreased by more than 90%Passive job seekers are reached out by their potential employersJeff Taylor, CEO of monstor.comThe Internet has brought consumer control to the forefront and created a frictionless matching environment

Success rate is less than 3%E recruitment is implemented through keyword search which may result in a potential candidate for a job opening missing out because he/she hasnt mentioned the particular keyword being searchedEmployees testing waters to see what is the market scenarioBackground check need to be done as there are more and more fake ids created regularlyEmployees use e-recruitment to get an offer and negotiate their salary with the current employers

DISADVANTAGES OF E-RECRUITINGVIDEOJOB TRENDSWork from home on the riseSelf employmentDecreased Job TenureEmployer controlled economy to skills based economyOnly a few organizations grow their talent from withinEx: Procter & GambleHigh premium on passive job seekersWORKFORCE ANALYTICSManaging current and future requirements by focusing onHiring, Attrition and retention trendsTraining and Job rotation to maximize outputStreamlining capital structures and making firms more productive by building extended enterprise systemsAttaining Competitive Advantage

HighLowRelative Delivered CostHigh

LowRelative DifferentiationTWO-STAGE HUMAN CAPITAL ACQUISITION AND MANAGEMENT MODELPre-Employment StageCandidates bid for their services and employers recruit candidates based on their service potentialRecruiters identify suitable candidates and employers recruit candidates based on their service potentialPost-Employment StageRoles reverse. Employers are suppliers. Employees are customers.Develop effective employee development program to enhance enterprise productivityPRIMARY RESEARCHPepsiSaumya Mittal - General Manager, Talent AcquisitionPep Net an internal community of PepsiCo, where in all the recruiters across the globe such as Russia, China etc. post the information about the latest trends of hiring strategies.It would be mandatory for the person to login to the Pep Net community at least once in a dayThe journals of Corporate Executive Board (CEB), Journals of Organizational Behaviour, psychology, EBSCO etc. would be referred to obtain the latest trends on Talent Acquisition

LATEST TRENDSMicrosoft(Twitter Handle: @MicrosoftJobs)Microsofts old online recruiting presence had become outdated, and was a navigational nightmare for jobseekers, who suffered from content overload and lack of an organized, central careers hub. Microsoft now takes a global approach to recruitment, rather than having different careers sites for different countries and even different business units within the same country.

LATEST TRENDS

LATEST TRENDS

The LinkedIn survey covered over 4125 talent acquisition leaders globally including 300 in India across 14 industriesKEY LEARNINGSTraditional Methods lack cost effectiveness and do not cover a diverse talent poolOnline recruitment has enhanced communication and response time, decreased cost The job tenure of employees across various age groups have started reducing significantlyFree lancers and self employed have become a significant part of the workforceREFERENCEShttp://articles.economictimes.indiatimes.com/2014-10-18/news/55172873_1_social-media-ankita-gaba-hcl-technologieshttp://linkhumans.com/blog/online-recruitment-employer-branding-microsoft-case-study

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