1 in 2 employers struggle to hire relevant technical talent
In a recent survey conducted by Monster.com, one of the leading online career recruitment solutions provider, among companies in the Middle East and India, 68% of the respondents feel it is extremely difficult or at least difficult to hire talent for niche skills (technology), leaving merely 17% saying it is either not that difficult or easy to find such talent. Aligning to the current situation, Monster.com, today introduced TalentBin by Monster ®- which provides recruiters across the Middle East with access to candidate profiles aggregated from social sources across the Web. Through this platform Monster.com aims at finding the “unfindable” talent using a storehouse of actionable information and web-based recruiting tools. In a skills-constrained environment, a company’s ability to find, attract, and access the right professional DNA is critical to success. TalentBin by Monster not only automates and streamlines the talent discovery process via automated site monitoring, interpretation and matching, but also simplifies and automates the recruiting workflow, allowing recruiters do more in less time.
Further, the survey has highlighted some thought-provoking insights on hiring specialized skill set in the Middle East. Around 55% of the respondents said their recruitment department needs 5 – 10 man hours to hire a technology professional. To make it even more challenging 72% highlighted that only 2 out of 10 of their correspondences with job seekers actually convert into hiring. This prompts the need for a platform that facilitates in saving recruitment time and offer a powerful pipeline and candidate interaction tracking
Mr Sanjay Modi, Managing Director, (India/Middle East/Southeast Asia/Hong Kong) added, “Technical talent is notoriously difficult to access and recruit. Many are not active job seekers, and therefore are unlikely to have uploaded a resume to a database or created a web profile, which makes them ‘unfindable’. However, relevant talent is spending time online and leaving their footprints, demonstrating the professional skills that make them desirable candidates. This makes way for recruiters to find the ‘unfindable’ in time and at the right place. Interestingly our survey indicates 87% agreeing that there is a need for disruptive technology to find relevant talent. We need to look at augmenting how recruitment is approached”
Further adding, “The social web is a critical element of today’s recruiting best practices. Our TalentBin by Monster is a solution to this evolution of online and web hiring. It has an intuitive and specialized communication template assembling candidate profiles from publicly available online sources, limited to professionally relevant information. It is going to surely make the ‘unfindable’- found”
“According to the Saudi Central Department of Statistics and Information, the unemployment Rate in Saudi Arabia remained unchanged at 5.70 percent in the fourth quarter of 2014, which shows that the unemployment Rate in Saudi Arabia averaged 5.51 percent from 1999 until 2014. Therefore, Monster and with the assistant of its new product, TalentBin®, is looking forward to give recruiters new ways to connect with the talent they are looking for today” Modi added.
By harnessing the vast amount of professionally relevant information people share across the social web, TalentBin by Monster surfaces potential job candidates by assembling profiles using current professional activities from relevant sites. By making sense of candidate social activity, and compiling those details into a rich professional profile, complete with contact information, recruiters in the Middle East can now find many previously undiscoverable candidates – including those not actively seeking a new job.
Notes to Editor The analysis presented is based on a survey conducted by Monster.com. The survey aims to understand the hiring scenarios and obstacles in getting the right talent especially for niche skill requirements. The analysis is basis on a quantitative survey with more than 250 companies from all industries from the Middle East and India. 80 respondents were from the Middle East markets.
Key Benefits of TalentBin
Only TalentBin by Monster provides the largest database of technical skills, gathered from the open web, with multiple messaging capabilities.
Recruit hard-to-find talent: Technical talent are rarely active seekers. Their profiles are not updated or non-existent. TalentBin by Monster helps recruiters find technical talent where they live, online, on places like GitHub, StackOverflow, Twitter, MeetUp and multitude of other sites. Reach out to professionals where they are active: TalentBin by Monster provides direct access to email addresses, so employers can reach professionals where they are reading. TalentBin by Monster also works with social sites such as Twitter, Facebook, MeetUp, so a recruiter can reach professionals on their mobile apps, right in their pocket. Utilize integrated tools for maximum efficiency: Integrated emailing, automated mail merge templates, email open tracking and click tracking, and even mass emails help recruiter do more candidate-facing activity in less time. Allowing them to prioritise their time on professionals who are engaged (opening emails/ clicking on job requisition links) so they can hire faster.