Millennial professionals are changing the Recruitment Paradigm – TimesJobs’ latest TJinsite Report delves into the changes this new generation is bringing about in the Indian job market.
November 3, 2015: As generations change at workplace, the recruitment game is changing too. With over 60% of India Inc. employees aiming for better work-life balance and higher salaries, a new TimesJobs.com study reveals how evolved candidates from the millennial generation are changing the traditional methods of going about the searching for jobs.
Candidates are researching
Extensive research is the first and most important aspect of a job search process for the Millennial Generation, finds the study. Its significance is evident from the fact that nearly 46% job seekers decide whether they want to work for a particular organization while researching about the company. Nearly 38% respondents say they research the company extensively before applying for a job reveals the latest TimesJobs Study available in the new TJinsite Report.
For their investigations, millennials use multiple tools and mediums such as the Internet, social media forums, peer feedback and company rating platforms such as JobBuzz.in, reports the TimesJobs study. Talent communities like TechGig.com for IT Professionals are also catching up with new-age job seekers — 39% of the respondents claim to have used a talent network/community as part of their job search.
“Our data and studies consistently show that professionals today are more focused on their career trajectory, than simply their next job or just a higher salary. They are looking at prospective employers in a very different way. We undertake several studies that clarify the urgency of this paradigm shift to employers and have even launched an ad film to illustrate this subject. The TimesJobs for Talent Video looks through the eyes of 29 year-old Sameer a millennial professional and a project-lead at a top IT firm and clearly shows the millennial’s decision-making process.” says Vivek Madhukar, COO, TimesJobs
Clear Job Description is vital
Once this millennial has conducted a thorough preliminary research and chosen the organization he feels the most affinity with, the next thing that makes an impression is the job description. Nearly 77% of the job seekers say they are more likely to apply for the job if the duties or responsibilities outline are crisp, to the point, and clearly defined.
The TimesJobs Study also states that almost 40% job seekers feel that a confusing job description gives them a negative perception of the company, thus stopping them from proceeding further with the application.
Personal touch matters
After carefully assessing the positives and negatives of the organization, the millennial job seeker submits his job application. And then, anticipates a response. And they have their preferences here too.
According to the TimesJobs study, for over 53% job seekers, a personalized email is the ideal form of communication an employer should adopt, even if their applications are declined. Almost 38% are also happy with a simple phone call. Only 8% were ok with automated e-mails, states the TimesJobs report. These findings point towards the fact that the ‘digital natives’ seek ‘personal touch’ when it comes to interactions with potential employers.
Speed is of the Essence
Anything that is repetitive or time-consuming results in millennial job seekers quickly losing interest in applying for the job. Automated emails, multiple-level interviews and lengthy applications processes are some of their biggest turn-offs.
However, the good news is that nearly 51% job seekers reported to TimesJobs that they find the job application process easier today than it was two-three years ago. Still, 33% job seekers, felt that application processes had become more tenuous due to the increasing length of the application process.
Almost 38% employees reported the job application process still takes too long to complete. In addition over 31% jobs seekers reported that the recruitment process had become too automated with little or no human contact, finds the TimesJobs.com study.
Facts, not folks, are decision-makers
It’s no more just the family or friends who make the difference. For 39% job seekers, views, reviews and feedback shared on company rating platforms such as JobBuzz.in matter the most while deciding on a job. Social forums and friends/family take the second position with 23% votes, while the viewpoints of peers matter to 15% of these millennial job seekers, as per the TimesJobs report.
The Millennial Professional is Different
Whether it’s planning a vacation by reading reviews and comparing prices or looking for a good eating joint in a new city. New Age consumers are switched on and connected with tools that allow them to quickly find reliable crowd-sourced information and insights.
Guess what! Competent professionals do similar research when planning their next move and advancing their careers. They remain on top of their professions by researching the best employers in their domain, reading up on their company reviews, going through their interview questions, researching their current openings, enhancing their own skills and benchmarking their skills and salaries with others in the industry.
Watch the TimesJobs for Talent Video to learn more – https://youtu.be/C-urdi_Zpy4
Looking through the lens of the professional challenges faced by 29 year-old Sameer a new age consumer and a project-lead at a top IT firm – The TimesJobs for Talent video explains how at TimesJobs, Sameer gets personalized pages with recommended employers and jobs basis his background. How he views his career path till date and sets career goals basis, which he gets recommendations on skills to acquire. That he is able to benchmark salary, evaluate his technical proficiency against other Techies and even assess his behavioral strengths. He reads company reviews written by actual employees to find companies that are the right fit. And then, once he has identified the right career opportunities with companies of his choice he prepares for the interview by accessing previously asked interview questions.
About TimesJobs.com:
TimesJobs has become the destination of choice for professionals who consume a wide variety of information and insights to make smarter career decisions. Conceived and launched in 2004, by The Times of India Group – TimesJobs.com provides professionals with a seamless integration of information, insights and the largest collection of jobs that equips them to make smarter career decisions.
With a host of innovative tools and services to assist today’s professionals research, plan and actualize their professional ambitions, TimesJobs.com has pioneered the platforms of:
– JobBuzz.in for candidate engagement with company reviews and ratings
– TechGig.com a forum exclusively for techies to learn, compete and showcase their work
– StepAhead for career assessment and enhancement services
– RecruiteX as the definitive demand and supply recruitment index
– The TJinsite knowledge series and a lot more.
TimesJobs.com currently has a candidate database of more than 2.4 crore professionals – 60% with 3+ years of experience – who clock-in over 75 million page views a month. This highly receptive and engaged top talent pool has attracted a corporate customer base of more than 25,000 clients from across the globe. TimesJobs.com has been serving clients like HCL, IBM, Yamaha, Godrej, HSBC, Mahindra, Bajaj Allianz, TCS and Thomson Reuters to name a few.