As many as 87 per cent of businesses around the world face challenges when it comes to recruiting replacements for departing employees, as per the survey by Wiley’s Talent Development Service. The survey also revealed that 34 per cent of employers struggle to replace departing employees before the end of their notice period, and 31 per cent face issues while finding suitable replacements.
Additionally, 30 per cent constantly face roadblocks of one or more roles unfilled at any given time, claimed the survey. The go-to recruitment method for 61 per cent of those surveyed listed adverts, and online job boards. This is followed by posting paid and organic social media posts at 42 per cent and 44 per cent respectively, it added.
For the research, around 504 business leaders as well as 1,006 professionals based in the US were surveyed. All belonged to the age group between 21-28 years. The survey also talked about the need of “alternative and complementary source” for hiring.
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Shedding more light on the relevance of the survey in the present context, Ms. Archana Jayaraj, Director, Partnerships and Talent, APAC, Wiley’s mthree said, “The mthree survey points to how graduate and entry-level talent recruitment and onboarding is a herculean task. It requires a copious amount of energy, dedication, and time and does pose its own risks. Organizations therefore need an alternative and complementary source of graduate talent that takes care of the risks and all the effort – that’s where our Talent Development service-mthree comes in. Our Alumni offering focuses on custom-trained emerging talent. Through the hire-train-deploy model, we place outstanding graduates into a client’s team for 12 to 24 months, after which they can be converted to full-time employees at no extra cost.
“We work with more than forty institutions across the globe through our hire-train-deploy and reskill solutions. The APAC region, especially India is a strategic market for us. Diversity and Inclusion is at the cornerstone of Wiley’s three Alumni program. We put a special impetus on democratizing education and provide equal opportunities for everyone to realize their true potential and dreams. We currently have 350+ of our Alumni graduates on-site across Fortune 500 Companies in India. Going forward we will stay committed to our two-pronged objectives- collaborating and partnering with institutions worldwide and helping them navigate challenges and risks associated with onboarding and retaining skilled graduate and entry level talent; and supporting that talent in starting their dream careers at global organizations.”
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