4 Things That Are Changing The Economics And Physics Of Recruiting Successfully

4 Things That Are Changing The Economics And Physics Of Recruiting Successfully

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Over the past two years, social, mobile and large data technologies have been transforming the cost and efficiency of hiring. Increasingly, leading employers are adopting solutions and technologies that offer unprecedented efficiency to recruiters and reduces cost per hire. Four products and technologies leading this transformation are: LinkedIn: Employers pay LinkedIn for access to socially validated current information on active and passive talent. After they find a resume on job board, recruiters today seek out the candidate’s LinkedIn profile not only to validate their professional information but also to expand the pool via the candidate’s network. Candidate Data Aggregation: Candidate profile/ information that was traditionally available on a job board is now scattered across several social and traditional Internet sites. The emerging frontier in finding candidates’ professional information is mining and aggregating relevant and powerful candidate data across LinkedIn, Facebook, job boards, employers’ internal database and various specialized professional networking

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Facebook based SaaS hiring platform MyParichay sees 100% Bookings Growth Qtr over Qtr

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Growth Accelerated by Launch of Talent Social ReTargeting – India’s  First Social Retargeting solution for hiring through mobile Bangalore (July 14, 2014)— MyParichay today announces a record-setting quarter with a 211% sequential increase in bookings from the first quarter of 2014 and current 800% year-over-year same quarter revenue growth. MyParichay closed 25 customers, since its product launch a year ago, including American Express, HCL , EY, IBM, Aviva, Infosys BPO, Genpact, EXL, 24X7 BPO, HDFC Bank, ICICI Prudential With its tremendous growth, MyParichay is demonstrating the appetite of employers to tap into the + 70 million talent pool active on Facebook and typically not accessible thru LinkedIn or job boards. With  MyParichay’s Talent Social Retargeting technology recruiters can retarget on Facebook and mobile  active and passive candidate lists from Naukri, Shine, Monster or Timesjob or from ATS like Hirecraft, Taleo, Kenexa.  MyParichay’s powerful technology and Boolean search allows recruiters to

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5 steps to a great social recruiting experience

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‘Wikipedia defines social recruiting as a concept at the intersection of recruitment and the embryonic field of social media’ However, social recruiting is simply finding & hiring great talent on a network where a majority of them are available. Social recruiting is moving on an exponential growth path with universal adoption by industries since its birth. *Statistics show a whopping 78% of recruiters have used social media to hire at least one candidate and over 94% of them use or plan to use social media in their hiring process. Although, starting off with social recruitment can be a daunting task and the growing number of social media networks just increases this complexity. The right sync of planning and executing will help improve you experience and simplify this process to a great extent. Here are 5 steps which may be helpful in leading you towards a great social recruiting experience: Step1:

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Facebook Hiring Goes Mainstream in India. Companies See 15-25% increase in quality candidates.

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The number of  larger employers in India that are  actively using Facebook Career Page to hire quality talent has more than doubled in the last six months based on a recent survey of  Top 300 employers in India conducted by Center for Talent Research and MyParichay. Technology and Service sectors –  BPO, Airlines, Hospitality- that hire large numbers of people in the 21-27 years age segment enjoyed improved candidate quality and quantity using Facebook hiring and employer branding tools.  Leading BPO companies that use MyParichay Facebook Hiring technology saw 15-25%  increase in number of quality candidates that were unable to find through traditional means. This trend in India mirrors what companies are doing in other parts of the world.   Jobvite found that 73% of companies,  that  use social recruiting,  plan to increase their investment in Facebook based Hiring tools. Number of companies using Social Hiring Tools that saw improvement in the

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