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10 Important Recruitment Stats of 2019

We are halfway through 2019, so let’s take a look at some of the most important statistics about recruitment in news so far. 

The stats might help you make the best hiring decision for the next half of 2019. This data gives you an insight into the current hiring state. The gathered data is the result of research done by top industry leaders like LinkedIn, Glassdoor, Deloitte, PayScale, ERE, and Thomson Reuters.

Let’s dive into the stats of 2019

1. The “Hiring Funnel” from Talent Function Group LLC

The “hiring funnel” or yield model for every job helps recruiters understand how many total applications need to be generated to get a single hire. It depicts the success rate of the hiring process. Let's simplify it with an example; in an online job posting, on average, 1,000 individuals will see the post, 200 will begin the application process, 100 will complete the application, 75 of those 100 resumes will be screened, 25 resumes will be seen by the recruiting manager, 4 to 6 will be invited for an interview, 1 to 3 of them will be invited back for the final interview, 1 will be offered that job, and 80 percent of those receiving an offer will accept it.

2. According to the stats provided by ERE Recruiting Intelligence, 250 applicants on an average are attracted towards a  job opening.

3. LinkedIn stats states, the top trends shaping the future of recruiting and hiring are:

  • Data (50%)
  • Diversity (78%)
  • Artificial intelligence (35%)
  • New interviewing tools (58%)

4. The top factors influencing hiring decisions in an in-person interview according to Jobvite are:

  • Prior experience
  • Conversation skills
  • Knowledge of the industry
  • Cultural fit

5. Millennial Branding, a personal branding agency, says the top reasons for millennials to leave their company are that they receive a better job offer from another company (30%), their career goals weren’t aligned with their company (27 %), or they saw a lack of career opportunities within the company (13 %).

6. 69% of candidates would most like to see an improvement in employer response time. An employee would appreciate a response upfront from the recruiter, especially if the average response time is a couple of weeks.

7. Employer Branding is one of the important aspects considered by a candidate looking out for a job. As per Glassdoor, 69% of job seekers wouldn't take a job in a company with a bad reputation.

8. It's the age of millennials, and they cannot do without technology. Social Recruiting, as per Aberdeen Group 73% of millennials found their last position through social media.

9. MRI Network stated that more than half of millennials (53% ) say that career pathing has the most impact on their decision to stay with their employer.

10. Finally, one for women empowerment, an analysis of more than 20,000 firms in 91 countries found that companies with more female executives are more profitable.

Statistics provided by these top firms give us an insight into the best and worst ways to recruit, hire, and develop top talent. These stats, when used in combination with HR software, help HR professionals to simplify entire HR operations. The business of providing HR solutions is on the rise, and HR professionals can overcome any problem faced in their day-to-day HR activities using these solutions.

eHRMS by Neural IT is a cloud-based software helping simplify daily HR tasks. Digitize your HR function & let eHRMS empower HR’s to easily onboard new hires, track employee progress, and analyze data to support employee development and organization.

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Recruiters are constantly looking to revamp their hiring efforts. Here are the trends and insights for recruiting the best candidate.
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10 Important Recruitment Stats of 2019 | eHRMS

5 Amazing Ways To Attract & Retain Millennial Talent

Millennials now make one-third of the total workforce in the world. Now more and more companies are interviewing and searching for millennials to join their thriving workforce. It is important for managers to change their management styles to attract and retain these young talents. As the labor market continues to improve, many young talents receive multiple job offers. So, how would you attract top talent to join your organisation?

Here are 5 ways How You Can Do It

1. Culture: A positive work environment can help instill a sense of community, create transparency, and encourage collaboration amongst your employees. They particularly want to be involved in the process of building and maintaining a good work culture. Get your Millennial employee involved in anything whether it may be planning company outings or company meetings.

2. Flexible Work Arrangements: Nowadays many organisation attracting top talent are encouraging flexibility as many Millennials want the ability to work from anywhere. Once upon a time, it was necessary to physically be at the office every day. Now work can be conducted from home with an internet connection. Today’s talent looks for a job that offers flexible work schedules. This kind of schedule increases productivity, boosts employee efficiency, reduces employee turnover and boosts morale.

3. Fast Career Progression: Millennials want quick growth in their employment. They expect to rise up the corporate ladder or how quickly they will get their desired salary amount. Regular feedback from managers, a casual conversation on their progress and performance are often valuable. The standard manager feedback such as “you need more time in the role to be promoted” or “keep doing what you’re doing” is not sufficient.

4. Personal Engagement Opportunities: Millennials are highly engaged by what they do. Allowing them to create and run their own committees, task forces makes them feel highly engaged in their work resulting in high productivity. Employers who execute this sense of community are successful in retaining and attracting millennials.

5. Work-life Unity:  This generation believes that their job is not just a career, but it’s their life too. In order to have a fulfilling life, millennials look for jobs that can be seamlessly integrated into their personal schedules. They want a happy work-life balance, as millennials care intensely about their work-life balance and feel that having a life outside of work is as important as having a job.

Even after following these tips, it may be worth evaluating how your millennial employee feels. Get personalised feedback by running an employee engagement survey in your organisation, include questions that ask for an employee’s age, and then easily filter the responses and see how many millennials responded to the survey.

 

eHRMS by Neural IT is a cloud-based software helping HR’s to simplify their daily tasks. Digitize your HR function & let eHRMS empower HR’s to easily onboard new hires, track employee progress, and analyze data to support employee development and organisation.

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For attracting Millennial talent, pay attention to what they expect from an employer like workplace, culture.
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5 Amazing Ways To Attract & Retain Millennial Talent | eHRMS

Yoga At Workplace Can Indeed Lower Your Stress

Regular work-changing environment and routine work increase stress on employees. This work-related stress leads to anxiety, depression, reduced productivity, low morale, and employee turnover. Searching for ways to get rid of the stressful work environment, organizations are discovering numerous benefits of yoga based wellness programs.

Benefits of yoga

The art of practicing yoga helps in controlling the mind, body, and soul. It gives an overall benefit of practicing yoga in an individual’s health and his well-being. It helps in managing anxiety, stress, keeps you relaxed and increases flexibility, muscle strength, and body tone. It improves respiration, vitality, and energy.

1. Lowers stress: A stressful office life, the pressure to meet deadlines, workload stress, and trying to balance personal and professional life can be hectic. Engaging in mindful breathing exercises and stretch through yoga poses can balance out the stress leading to more positive output at your workplace.

2. Better posture: An imperfect posture can lead to back pain. Working continuously on a computer can have a negative impact on your posture. Practicing yoga will help you to align and correct your posture.

3. Helps with creativity: Yoga helps you to concentrate and focus on the work and also opens the minds so that a person can think outside the box.

4. Increases positivity/morale: Healthy, relaxed and focused employees are more productive, creative. If they feel well physically mentally and emotionally, their morale would be high. Offering yoga classes at work or off-site is a cost-effective way to achieve good and productive employees.

Yoga at work desk

1. Seated Tadasana: Raise your both hands and try to straighten your elbow as much as possible, spread your fingers wide, engage your abs as you sit up tall, soften your shoulders, stack your head directly over your torso, and lift your chin up and back a tiny bit to help align your spine and find good posture, stay and breathe for 3-5 seconds slowly.

2. Seated Side Stretch: Raise your right hand up and tilt the arm to the left side find as much as length possible. Palm can face to the left. Keep space between your shoulders and ears.

3. Forward Fold: From shoulder stretch, drop your arms to the floor with the top of your head, gently nod your head “yes” and “no” to release tension in the back and neck. Keep your weight slightly forward into the balls of your feet.  

4. Chair Pigeon Pose: Sit normally on the chair, keep both your feet flat on the ground. Now place your right leg over your left in 90 degrees. Now press your foot in a way that the right ankle comes in line with the right knee. Hold for 3-5 breaths and repeat the entire process with your left knee.

5. Seated Twist: Sit tall in your chair, breathe deeply and as you exhale spin your body to either of the sides. Stay stagnant on the side you choose for 5 breaths and go back to normal position.

yoga-at-work-desk

Importance of yoga

Yoga at the workplace leads to a positive work environment. A stress-free employee will work more efficiently, creatively and will discover the confidence to complete projects and solve problems creatively. Yoga develops best leadership skills, demonstrates employee appreciation and build a solid team from inside out.

eHRMS by Neural IT is a cloud-based software helping HR’s to simplify their daily tasks. Digitize your HR function & let eHRMS empower HR’s to easily onboard new hires, track employee progress, and analyze data to support employee development and organisation.

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Yoga At Workplace Can Indeed Lower Your Stress
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Yoga At Workplace Can Indeed Lower Your Stress

7 Benefits Of Integrating An HR Software

Performance is essential for any role in a business, and the quality of a company’s performance sets the stage for the future. In the present-day digital age, it is important to have an HR tool that keeps the HR operations smooth. 

Here are ‘The 7 Benefits’ how an HR can utilize HR software in the workplace to be productive and in sync.
 
1. Comprehends Performance Management

Performance reviews are big aspects of any organisations. An HR software does not focus solely on the performance review but also offers other features like the ability to share feedback, goals, and objectives. This type of performance review can be highly beneficial when it comes to succession planning and overall productivity improvement.

2. Hassle-Free Payroll

Having an automated payroll system can save a company from the trouble of outsourcing payroll and gives the company more control over payroll information. Automation can reduce the risk of entering and calculation errors greatly while making paydays easier.
 
3. Simplifies Leave & Attendance 

Employees suddenly have to request leaves for holidays or sickness absences, and one would not be happy to be entangled with messy, time-consuming email trails. This can significantly disrupt workflow and productivity.

It is also one of the most time-consuming aspects of HR managers. A great HR software simplifies and automates the way to keep track of each employee’s pending leaves, calculate pro-rata entitlement, and handle holiday requests.

4. Seamless Onboarding

A solid HR software makes onboarding easier than ever. New hires can use it to update their details, easy-to-access documents, check organisation charts, and get insights into the culture of the company.
 
5. Saves Time And Increases Productivity

Automating HR operations reduces the time and effort it takes to complete each task. It helps to be more efficient and productive with work management regardless of the number of employees. An HR software provides a variety of workflows for HR departments, thus enabling their productivity and efficiency.
 
6. Secures Data

Data security has become a big problem or at least a consideration for many businesses. HR software can overall improve security by reducing the amount of paperwork and reducing the number of ways in which security can be breached. Such software also comes with a disaster recovery feature, which helps in no data loss and easy recovery.
 
7. Improves Employee Engagement

User-friendly, well-designed HR software can help to transform employees’ perceptions of the HR department. Due to the advancements in technology, employees expect more from the digital devices and services their employers provide. HR system comes with an option of employee self-service, which enables the employee to review their payslips, job posting, performance review, and so on. Providing employees with mobile application service allows them to easily access their information from anywhere.

Benefits Summary:

  •  24×7 Availability
  •  Employee Self-Service Option
  •  Authorized Access
  •  Flawless Payroll
  •  Easy Leave Application
  •  Cost Reduction With Paperless HR and Payroll Services

eHRMS by Neural IT is a cloud-based software helping HR’s to simplify their daily tasks. Digitize your HR function & let eHRMS empower HR’s to easily onboard new hires, track employee progress, and analyze data to support employee development and organisation.

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How an HR can utilize HR software in the workplace to be productive and in sync.
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7 Benefits Of Integrating An HR Software | eHRMS Blog

Why Startup Firms Should Invest In HR

Is it worth investing in HR? How would one benefit from it? The question is never given a thought when starting up a firm. A startup business owner would frequently seek to cultivate friendly, informal relationships, under the basis of trust and casual compliance. Here, the HR department plays an important role in managing people, workplace culture, and the environment. They also deal with common issues like compensation, performance management, organisation development, employee motivation, training, and others.
 
Finding, recruiting, and retaining top talent is no longer the only work that the HR department does; developing strategic policies, employee engagement, and standardizing the hierarchy are the other aspects that are covered by the department.

Let's look at what HRM can bring to your plate.

Recruitment To Retirement
Recruitment is the process of hiring the right talent within or outside of an organisation for a job opening. A business owner may not be aware of the standard hiring processes; an HR can provide guidance to ensure that the company extends offers to suitable candidates. Similarly, they can help in the smooth functioning of the exit and retirement process, allowing the owners to focus on business operations and profitability.

Training To Thriving
Training and development is an essential step in building a strong employer-employee relationship and is also a key job function of HR. They not only conduct induction but also thrives the employees to be aspiring leaders for supervisory and management roles. HR can create such learning and development modules using software applications.

Hiring a tech-savvy HR can simplify the entire HR process.

Salary & Settlement
Handling payroll is a tedious job. Payroll comprises of aspects like pay run, payslip & report generation, tax, and PF & ESIC. The HR department can help develop compensation structures along with procedures for full & final settlement. The department also conducts extensive surveys to maintain compensation costs in line with the organisation's current financial status and projected revenue.

Policies & Procedure
A business is formed on terms and conditions; hence, suitable policies and procedures must be in place for the people associated with it. These policies successfully recognize the limit between providing employees with proper guidance for appropriate behavior at work. Some policies are framed on the basis of law & order. HR ensures that the policies are in place to maintain equality, safety, and consistency in the workplace.

HR with a sound knowledge of latest technology can bring in a more tech-based
revolution in an organisation.

eHRMS by Neural IT is a cloud-based software helping HR’s to simplify their daily tasks. Digitize your HR function & let eHRMS empower HR’s to easily onboard new hires, track employee progress, and analyze data to support employee development and organisation.

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The HR department is an integral part of any organisation allowing business heads to focus on core goals and vision. Read more...
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Why Startup Firms Should Invest In HR | eHRMS Blog

3 Tips To Get Over a Bad Performance Review

 

The performance appraisal season is something most employees look forward to, in hopes that they will be noticed and praised for their dedication and progress. Some employees breeze through the performance review with flying colours, but there are some who might have received a bad review by their manager.

 

Getting a bad review can be disheartening for any employee, but it can be taken into a positive stride, provided one considers it as a checklist for improving themselves. Here’s a brief guide on how to take a poor performance report in a positive way:

 

Keep Patience & Think Over it

It is not necessary that you revolt back after a bad experience at the review process. You must wait and think before you do something that you will regret later. Take a day or two to sit over and think about what can be done to improve your work. Write the questions coming to your mind while evaluating yourself; maybe you could ask your boss in the next meeting for some tips to improve on those shortcomings.

 

Avoid The Blaming Game

Saying things like ''that was your fault” or “it’s not my job” will tag you as rude, defensive, and unprofessional, not just in your manager’s eyes but in front of your team too. A performance review meeting is not the place where you can talk about your teammates in a critical way. If you ever feel some goof-ups were not because of your carelessness, try not to blame it on other people. Instead, try to be polite and apologize as a team, and say something that sounds like a solution for a better tomorrow.

 

Schedule a Follow-up

While you may or may not agree with your manager about your performance review, thank them for their precious time spent on analysing your work and try to schedule a follow-up meeting to continue the conversation. This will show that you are interested in taking charge of your performance. Once you know your shortcomings and the scope of improvement, it will be beneficial for your next review meeting.

 

If you think your organisation needs reliable and faster HR processes to improve workflow efficiency, contact eHRMS today!

We assure to simplify HR functions for you. Book a free demo here.

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Getting a bad review can be disheartening for any employee, but it can be taken into a positive stride, provided one considers it as a checklist for i
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3 Tips To Get Over a Bad Performance Review

The Unseen Gap Between Employer and Employees

The Employee Outlook

 

All Employees in an organisation are assigned certain responsibilities to be completed within a certain amount of time. There are times they feel like they are working day in and day out with limited resources and tools. The constant question ringing in their mind is, ”Am I at the right place? Am I utilising my skills well?”

 

Employees may or may not always see things beyond their own capabilities. Their desire to outperform every single task assigned may not be aligned with the organisation’s core objectives.

 

The Employer Outlook

Employers may or may not always see beyond their existing business potential as they are inclined towards the company’s overall reputation. They probably have a business plan in mind linked to certain company objectives. Their main motto is maximizing resources and tools crucial in achieving good profit.

They keep thinking often whether the employees are putting in enough effort to generate impressive results pointing towards business growth.

 

Employer and employees may not always think on the same track because their reason to join the organisation was different from Day 1. Here lies the gap that needs to be intervened at the right time and in the right way.

 

HR’s Role in Bridging the Gap

Define the Impact of Effort on Targets

When employees are aware of how their work quality is impacting the team’s combined targets, it is a major ego boost for them. This must be put into the employee’s conscience from the first day itself.

 

Invest in Peak Performers

When it comes to hiring top talents, go for the ones who fit your organisation's business goals. If he/ she has been hired for job A, you can also evaluate his skills for future needs. The main advantage in this is that you are utilising full capabilities of the employee if he turns out to be skilled in more than one field.

 

Create an Effective Work Environment

When organisations get to utilise those skill set of employees which are aligned with the business performance, change occurs. When performance expectations are clear, there is no room for a negative cycle of dialogues like, “This is not what I want..” or “This is not how it is done...”

 

HR professionals always face some challenges in meeting the demands of employees’ and employers’ while ensuring a smooth workflow.

If you are an HR looking for automated solutions to all HR processes, register here: https://goo.gl/iBXdBS

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All Employees in an organisation are assigned certain responsibilities to be completed within a certain amount of time. There are times they feel like
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The Unseen Gap Between Employer and Employees
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