Unemployment Amidst Covid-19 to Accelerate the Talent Acquisition Staffing technology and Services Market

As per a report available on XploreMR, the global talent acquisition staffing technology and services market is expected to scintillate between 2020 and 2030.

The process of hiring is, in fact, a double-edged sword. In other words, it could prove to be risky/costly or economical – both – for the employer and prospective employee. The talent acquisition staffing technology and services enclose everything – right from recruitment to having that candidate onboard. Organizations do have their strategies and tasks aligned as per those strategies, so as to pick the best amongst the rest.

Talent Acquisition Staffing Technology and Services Market Dynamics

Talent acquisition comes across as an important aspect of growth of the organizations. The employment rate has reached its all-time low after the outbreak of Covid-19. In this situation, organizations will look for specialized skill sets and the ones having a “Consider it Done” attitude. The strategies need to revolve around these two parameters. The top management also needs to explain the talent acquisition team the path going forward and the way candidates need to be recruited. In all, the organizations need to work along the frugal, but errand-oriented KRAs (Key Responsibility Areas) to make the best of even the ongoing crisis.

The organizations are also paying an extra heed to brand messaging and employee engagement initiatives for attracting as well as retaining the best-in-class talent pool. The other advantages of employer branding include motivation and retention of the existing employees. The organizations also tend to stand out with respect to their identity.

Recruitment Marketing

Recruitment marketing implies the practice of engaging as well as nurturing appropriate talent, that too, before receiving application from candidates for a role in the organization. These days, hiring managers do make use of CRM tools for sourcing the finest talent on the whole.

The main function of recruitment marketers is that of narrating the organization’s story through proper channels, so that brand message percolates down the target audience. The Effectiveness of the strategies could also be measured therein.

How About Using Social Media as an Effective Tool?

The current scenario is such that people have started making an extensive use of tablets, laptops, smartphones to update their professional profiles. It could be better stated that candidates are available 24/7 these days. As such, the organizations need to work round the clock to have the best fit. If they coop themselves within the official 8-9 working hours, their counterparts could eat the pie.

Social media has proven to be a boon to the jobseekers and employers alike. Platforms like Linkedin capture the keywords mentioned in the professional profile of the candidate and send job openings. The employers could look out for these keywords and find the correct pick. A predictive analytics model could be built by the employers to catch hold of the right candidates.

Also, creating an organization-specific social media page with all the updates regarding job openings works good. This social media marketing and advertising is expected to propel the talent acquisition staffing technology and services market going forward.

Insights: Region-wise Analysis

Globally, the talent acquisition staffing technology and services market is on an exponential growth spree. As per the ILO, more than 1 Mn people all over have lost their jobs with lockdown into effect. Since then, employers have turned out to be choosier (as stated above).

North America, Europe, Asia-Pacific – all the regions are facing unemployment crisis. The talent acquisition staffing technology and services provided by placement agencies and also the talent acquisition pool across the globe have been creating ripples and will continue to do so further as well.

Important Questions Answered

• What is the growth potential of the Talent Acquisition Staffing Technology and Services Market?
• Which company is currently leading the Talent Acquisition Staffing Technology and Services Market? Will the company continue with the winning streak during the forecast period?
• What are the top strategies that players are expected to adopt in the years to come?
• Which regional market is anticipated to secure the highest market share?
• How will the competitive landscape change in future?
• What do players need to do to adapt to future competitive changes?
• What will be the total production and consumption with regards to Talent Acquisition Staffing Technology and Services by 2030?
• Which are the key upcoming technologies? How will they impact the Talent Acquisition Staffing Technology and Services Market?
• Which product segment is expected to show the highest CAGR?
• Which application is forecast to gain the biggest market share?

Highlights of TOC:

Overview: Along with a broad overview of the Talent Acquisition Staffing Technology and Services Market, this section gives an overview of the report to give an idea about the nature and contents of the research study.

Market Dynamics: Here, the authors of the report have comprehensively discussed about key drivers, restraints, challenges, trends, and opportunities of the Talent Acquisition Staffing Technology and Services Market.

Product Segments: This part of the report throws light on the market growth of several types of products sold by leading companies.

Application Segments: The analysts authoring the report have deeply assessed the market potential of key applications and identified future opportunities they are expected to create in the Talent Acquisition Staffing Technology and Services Market.

Geographical Segments: Each regional market is carefully looked into for understanding its current and future growth scenarios.

Company Profiles: Top players of the Talent Acquisition Staffing Technology and Services Market are thoroughly profiled in the report based on their market share, market served, products, applications, regional growth, and other factors.