Studies show that about 76% of companies with more than 100 employees rely on recruiting assessment tools for skills and personality tests for hiring. And over the next few years, that figure is expected to climb to 88%.
Did you know that the world’s proctoring industry is expected to grow at a CAGR of 17.40% to reach USD 1582.31 million from USD 514.77 million?
Recruiters often face challenges when it comes to screening and selecting a candidate. The hiring process can be lengthy, time-consuming, and costly. Additionally, there's always a risk of unconscious bias that creeps in, which can affect diversity and inclusion in the workplace.
As workforce demands evolve, tracking employee skills has become a strategic necessity—not just an HR function. Without structured visibility, organizations struggle to assign the right individuals to projects, identify skill gaps, or plan for future roles. A skills matrix addresses this challenge head-on by mapping capabilities across teams, departments, or roles.
Employee skill and knowledge gaps are becoming a challenge and affecting an organization’s overall productivity. According to McKinsey & Company, 87 percent of the companies all over the world know that their employees either have a skill gap or will have one in the coming years.
Struggling to identify specific skill gaps in your employees? Looking for ways to improve your hiring decisions? Wondering how to choose who is ready to upskill and take on new responsibilities?
According to a Gartner survey (Nov–Dec 2022), 86% of CIOs say they face increased competition for qualified candidates, and 73% worry about losing IT talent. Even with many layoffs, the demand for skilled tech workers remains strong. Recruiters and hiring managers now need to find, test, and hire good candidates quickly.
Finding the ideal candidate in today’s hyper-competitive job market is more challenging than ever. Traditional hiring methods often fall short in identifying top talent, leading to costly mis-hires and extended recruitment cycles. Companies need an efficient, data-driven approach to evaluate candidates beyond just resumes.
According to research, 70% of companies intend to hire on campuses. More recruiters are approaching colleges to find top talent as the labor market tightens. So many businesses, start-ups, and SMEs invest in campus recruiting software to receive an end-to-end recruitment solution for all their needs, such as online promotion, candidate registration, bias-free assessments, and job posting.
Enterprise hiring is becoming more demanding as large organizations strive to fill roles across multiple teams, departments, and locations. Even with a slightly higher hiring fulfillment rate of 53.8% compared to smaller companies, many enterprises continue to face ongoing challenges in identifying, attracting, and retaining qualified talent.
As technologies and business operations evolve, the need for Talent Development tools has become paramount for all organizations - irrespective of their industry or sector.
