Reportedly, each corporate job posting attracts 250 applications; however, only four to six of those candidates are called in for interviews, and only one eventually receives a job offer. In other words, out of 250 applicants, only the best ones are hired.
Skills inventory refers to a repository of your employees' skills data containing their educational qualifications, work experiences, certificates, licenses, etc. You can learn more about skills inventory from here.
In 2022, the global skills assessment market size was estimated at $2.3 billion. This figure is predicted to increase to $7.4 billion in 2032, with a 12.6% CAGR growth. To stay ahead in this competitive marketplace, it is very important to be abreast with the emerging technologies and platforms that make it easier to recognize critical skills and vet talent by skills validation.
iMocha is an AI-powered skill assessment tool with several Talent Acquisition and Talent Development capabilities. If you have been using it, you are already aware that it offers the most comprehensive skill library in the world.
Talent management is a process that involves methodically organizing strategic processes like recruitment, hiring, onboarding, and skill development to attract and retain the right talent. At the same time, it ensures that business goals and objectives are fulfilled through these processes. Owing to the extensiveness of the function, it often becomes overwhelming for HR departments to carry out all the tasks in a streamlined manner.
The global quest for acquiring talent is continuously becoming more complex. Factors such as the shift to remote work culture, competitive compensation, and faster evolution of skills make it more challenging for a business to attract talent and retain it.
Triplebyte is a technical skills assessment solution that connects hiring teams with top engineers for suitable roles. The platform enables you to hire pre-vetted and interview-ready professionals automatically. Instead of reviewing inbound applications, manual sourcing, and cold outreach, you can now concentrate your hiring efforts on the best candidates who are ready for interview.
Testdome is a skill assessment software that empowers recruiters to assess candidates for multiple job-specific roles such as accounting, programming, sales, customer service, project management, and more.
Are you looking to hire savvy developers? As a tech recruiter, you must follow a candidate-driven approach to hiring the right talent for your organization. That's when developer assessment tools come in. It helps recruiters streamline the technical hiring process and makes everything easier.
Vervoe has successfully replaced the conventional hiring process with advanced skills assessments. It gives an opportunity to candidates to showcase their skills and talent through on-job roles and tasks. In addition, Vervoe also uses Machine Learning models to rank candidates automatically based on their performance.
According to the Talent Board’s Candidate Experience Research report, 82% of companies are using some form of pre-hire assessment test, and how they use assessments is evolving.
