GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

'Crowdsourced' Recruitment Gaining Momentum, but Hurdles Remain: Experts

In India, the growth has been at 15 per cent year-on-year until 2016 and is expected to grow at 25 per cent for the forthcoming years, N Shivakumar, Business Head - RPO, TeamLease Services, said.

PTI

Updated:February 11, 2018, 8:57 PM IST
facebookTwittergoogleskypewhatsapp
'Crowdsourced' Recruitment Gaining Momentum, but Hurdles Remain: Experts
Image for representation only.
Mumbai: Recruitment through the online community, also known as 'crowdsourcing', is slowly gaining momentum in India and is expected to grow by 25 per cent in the next few years, according to industry experts.

The term 'crowdsourcing' is defined as the process of obtaining needed services, ideas or content by soliciting contributions from a large group of people, especially from an online community, rather than from traditional employees or suppliers, TeamLease Services, Business Head - RPO, Recruitment Services, N Shivakumar told PTI here.

As a cheaper alternative, he said, 'crowdsourcing' was introduced in the country in 2009 and is also used for building a proactive strong candidate pipeline like a virtual bench of candidates for the anticipated and existing requirements.

"In India, the growth has been at 15 per cent year-on-year until 2016 and is expected to grow at 25 per cent for the forthcoming years," he added.

This recruitment method is used by sectors like airlines, engineering, banking and financial services, automotive, internet and e-commerce mainly for their niche segments, he said.

However, he said, of late there has been a trend of various requirements which are generic in nature also being published on online platforms.

Further, Shivakumar said confidential positions as well as low-end roles may not be filled through crowdsourcing, which is a major hurdle for this method.

Echoing this view, CIEL HR Services CEO Aditya Narayan Mishra said, "Often employers are not sure about the candidates recruited through crowdsourcing because there might be understanding gaps for the role, sometimes confidential positions cannot be shared with all people."

Glut of candidates can also pose problems for employees and since there are other people involved in the process, information sharing can be a hurdle as sharing of information may not always be linear with multiple stakeholders involved in the process, he added.

Further, he said, 'crowdsourcing' cannot be termed as a game changing alternative in the field of recruitment. "However, it can reduce hiring time and improve the efficiency of the whole process," he said.

Recruitments done through crowdsourcing can be both permanent and temporary in nature, he added.

Also Watch

| Edited by: Bijaya Das
Read full article
Most Active
Company Price Change %Gain
Reliance 920.80 +4.95 +0.54
Vedanta 251.80 +1.20 +0.48
TCS 3,585.80 -17.90 -0.50
United Spirits 3,250.30 +131.15 +4.20
SBI 266.95 -1.55 -0.58
Company Price Change %Gain
HDFC 1,820.00 +13.95 +0.77
Just Dial 507.40 +42.55 +9.15
Avenue Supermar 1,497.45 +93.25 +6.64
PC Jeweller 192.45 +4.40 +2.34
United Spirits 3,251.00 +128.95 +4.13
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 1,172.10 +60.30 +5.42
Hindalco 245.50 +11.40 +4.87
IOC 163.45 +7.55 +4.84
ONGC 175.45 +7.75 +4.62
HPCL 295.20 +11.95 +4.22
Company Price Change %Gain
ONGC 175.35 +7.70 +4.59
Tata Steel 567.20 +18.80 +3.43
Yes Bank 339.45 +8.95 +2.71
Adani Ports 379.90 +8.70 +2.34
IndusInd Bank 1,914.75 +43.55 +2.33
Top Losers
Company Price Change %Gain
Coal India 275.60 -4.50 -1.61
Tech Mahindra 702.75 -8.60 -1.21
Bharti Infratel 314.85 -3.50 -1.10
ITC 272.30 -2.55 -0.93
ICICI Bank 295.65 -2.05 -0.69
Company Price Change %Gain
Coal India 276.05 -3.80 -1.36
ITC 271.95 -2.85 -1.04
SBI 267.00 -1.50 -0.56
TCS 3,589.45 -15.35 -0.43
ICICI Bank 296.50 -0.75 -0.25