Abstract
Internet apart from influencing life of people has also emerged as a key HR tool for acquiring talent. Traditional HR strategies are being modernized, driven by technology and innovations. The remarkable popularity of internet & Social Media Sites, lower hiring cost & res ponce time and competitive advantage has allured the recruiters not only to use it for effective branding but also for hiring. They offer a great source of talent pool, as almost every fresh graduate / professional has Social Media account. Professional networking with social media as a recruitment tool is influencing with offer of better platform to both recruiters and this study discusses the Impact & effectiveness of New Hiring Strategies. Their advantages and limitations over traditional methods and their role in making or breaking the job opportunity. The study used data from secondary sources also personal interviews with industry professionals and Job seekers were conducted. A comprehensive analysis of the new trends has been done and described through various graphs and diagrams. The findings of the survey show a significant change in trend from traditional recruitment methods to modern techniques. However there remains good scope for improvement in utilizing the various benefits of the new strategies
Highlights
“It is not the strongest of the species, nor the most intelligent that survives
1) It was found that the new recruitment Strategies are fast gaining popularity with both the Recruiters as well as the Fresh Graduate Engineer job seekers
Major chunk is of non-serious candidates: The overwhelming popularity of social media may result in availability of too many potential applicants
Summary
“It is not the strongest of the species, nor the most intelligent that survives. It is the one that is the most adaptable to change.” -Charles Darwin. The concept of recruiting candidates through social platforms as talent pool or for Job postings is popularly known as social media Recruiting or social recruiting It uses social media profiles, blogs, and online communities as a talent database to search for passive candidate information. It uses social media for job posting either through HR vendors or through crowd sourcing. Today the recruiters can access and contact potential employees and the jobseekers can search for desired jobs with a simple click of a button This practice is quite liked by the Human Resource team in quite a few organizations. Reputed organizations are fast redesigning their overall business strategy, and the use of social networking sites for searching the right talent is quite prevalent. Social networking websites like Face book, Twitter, and Linked In are promising as effective job search tools for the job seekers as well
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