A Survey by Monster.Com Says One in Two Employers in India Struggle to Hire Relevant Technology Talent

-1/3^rd employers rely on job portals to find the right talent

-Monster.com launches TalentBin by Monster to match candidates to employers through a talent database drawn from candidate activity on social websites

In a recent survey conducted by Monster.com, one of the leading online career recruitment solutions provider, 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 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 India. 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”

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 now can 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 245 respondents from across industries.

About Monster India

Monster India, India’s leading online career and recruitment resource with its cutting edge technology provides relevant profiles to employers and relevant jobs to jobseekers across industry verticals, experience levels and geographies. More than 200 million people have registered on the Monster Worldwide network.  Today, with operations in more than 40 countries, Monster provides the widest and most sophisticated job seeking, career management, recruitment and talent management capabilities globally. Monster India started its operations in 2001. Headquartered in Hyderabad, the company has presence in 11 other cities of India viz., Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Ahmadabad, Baroda, Chandigarh, Jaipur and Cochin.

Monster.com was voted Product of the Year under the 'Online Job Portals category’ in a survey of over 18000 people by Nielsen. Back in 2014, Monster mPower Search was voted Product of the Year under the ‘Online Job Portals category’ in the same survey. Monster India and DishTV partnered in convergence of the Internet and TV medium to make job services accessible to TV viewers across all cities, bridging the unmet need of the audience for whom access to the internet is limited. This first ever job search initiative is called ‘Monsterjobs Active’.

The Indian Air Force Placement Cell (IAFPC) selected Monster India for a collaboration to provide a robust platform to assist retired and shortly retiring Air Warriors seek suitable second career opportunities in the corporate world.  Monster also initiated ‘Rozgarduniya.com’ - a job portal exclusively for jobseekers in rural India to enable employers in corporate India to connect with rural talent, thus removing the traditional barriers they face in this process.

To learn more about Monster India visit: www.monsterindia.com | www.facebook.com/monsterindia | https://twitter.com/monster_india

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW) is a global leader in connecting people to jobs, wherever they are. For more than 20 years, Monster has helped people improve their lives with better jobs, and employers find the best talent. Today, the company offers services in more than 40 countries, providing some of the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities. Monster continues its pioneering work of transforming the recruiting industry with advanced technology using intelligent digital, social and mobile solutions, including our flagship website monster.com® and a vast array of products and services.  

For more information visit: monster.com/about