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Are You Wondering What Hiring Looks Like in 2021?

Industry leaders share some groundbreaking challenges and redefined practices to set up a futuristic hiring ecosystem. Know what's trending to get the right people in your organization.

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Type: Survey

Number of Respondents: 500

Target Sample: C-suite executives, HR leaders

Did You Know?

Finding the right-fit talent continues to be a challenging proposition for more than half of the surveyed respondents, for the third year in a row.

Top Takeaways:

Close to one-fifth of the participants took to freezing or downsizing their workforce to stay afloat.

Three-fourths of survey respondents employed some form of online tools and techniques to make their hiring strategies more effective, efficient and value-driven.

53% of industry leaders are looking to hire for product and technology-related roles, followed by operations (39.42%) and sales roles (39%).

What’s Inside This Report?

Overview:

COVID-19 turned the talent acquisition landscape upside down for many companies. The report, hence, examines the extent of the pandemic’s impact on the hiring infrastructure of various companies. It also outlines the disruption’s current and future implications on hiring. The report ascertains how the unfolding crisis has catalyzed technology adoption and to what degree it would shape the kinds of roles that are likely to dominate the market in 2021 and beyond.

What you’ll learn from this report:

The report highlights the attitudes and methodologies that HR leaderships across various industries and locations have adopted to navigate the looming crisis. It showcases their thought process during the pandemic, besides identifying some successful initiatives that could nudge industry leaders to consider innovative approaches to hiring.

Sneak Peek

The report is divided into four sections- the current landscape, the COVID-19 scenario, technology adoption and projections for 2021.

  • The first section examines the recent and existing state of hiring within companies across various levels and geographies.
  • The second section delves deeper into assessing the impact of COVID-19 on hiring plans by gauging how companies continued with their talent acquisition processes.
  • The third section examines the rate of technology adoption by companies in their hiring systems to deal with the crisis.
  • The fourth section is a foresight into hiring numbers and trends.

 

Insights

  • Large-size companies report the lack of a data-driven and technology-enabled hiring process (28%) as their most significant challenge.
  • 41% of the companies met less than fifty percent of their hiring targets in 2020.
  • 81% of the survey respondents chose virtual interviewing platforms to continue with planned hiring needs.
  • More than 53% of respondents who leveraged virtual hiring witnessed a significant decrease in their otherwise long recruitment cycle.

Written by

Shirisha has been helping countless brands gain traction with her content. Her deep understanding of the education sector and sound knowledge of technical skills have helped her structure the most creative solutions for key stakeholders. Shirisha has also ghosted pieces for several industry honcho’s successfully published both online and offline. When she's not keeping up with the world, you're sure to find her catching up on bollywood stories or gramming for fun.

- Shirisha Jain

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