Global Recruitment Trends

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Published: 27th October 2009
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In earlier days a person who wanted to find job had to buy a news paper and read the classified ads section then had to print out hard copy of resume and send them out. If some one calls you, it's ok but most of the times there was no reply. It was a hectic process and all done by manually

As the internet became popular, now a day's job finding is very easy. You can do everything online. Many new websites and applications are released to manage and help the job searching process. This practice enabled the companies to post the vacancies and receive applications from talents world wide without geographic and time limitation which reduced the cost and time involved for recruiting candidates.

As we know that Most of the countries are now witnessing a growth in their economy. Economic growth rate is a crucial factor in determining the generation of jobs. The disintegrating global economic environment would significantly impact the recruitment market in 2009. The impact of the financial slowdown is restricting recruitment in many countries.

Due to this financial slowdown all global staffing companies feel they are in a better position than smaller companies to manage the current crisis. Smaller staffing agencies are more vulnerable to an economic recession because they depend on high margins to ensure profitability. However, recruitment agencies remain optimistic. They are adopting techniques to manage the crisis.

Technological advancement, globalization of market place combined with an increasing shortage of skilled staff has made it crucial for companies to implement appropriate recruitment practices through out the world.

The recruitment industry is gearing up for these changes by developing strategic alliances and global partnering to ensure access to the best candidates world wide. Professionalism, technical competence and the development of world best practice are trademarks of successful recruitment consultancies.

Outsourcing is the latest trend in the employment sector. Many organizations have moved to outsourcing all of their non-core activities. Outsourcing has created jobs in developing countries like India. Call centers and BPO's are a direct outcome of outsourcing. The workforce in this sector commands high salaries. This in turn has led to a rise in domestic consumption. This increased consumption has led to more production of goods and it has created more employment. Hence it will not be wrong to say that the service industry has triggered growth in developing countries like India.

Increasingly, recruitment agencies are moving towards sourcing candidates through internet job sites enabling recruitment activity to occur in real time. The ability to recruit internationally has been a huge development and it is beneficial to organizations using these services.

Another international trend has been the rise in the wages in sectors requiring highly skilled professionals. This growth has out done the rise witnessed by those in low-skilled occupations. This has significantly widened the wage gap between highly skilled professionals and those with low -skills.

Another significant change in the employment trend has been the rise of the service sector. The service sector has put the economic growth rate in the driver's seat. Even in a developing country like India, the service sector has been the star performer. This is perhaps also a reason as to why the number of employees engaged in the service sector has shown a steady increase in the past decade.

Shifting from the agriculture sector has been another trend that has come to fore in the international employment scene. While agriculture sector, continues to employ the highest number of people in the world- ILO estimates put the figure at 40.1% in 2005, the number is gradually decreasing. In 1995, 44.4% of the workforce in the world was working in the agriculture sector.

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