For decades, an ideal job has been considered to be a full-time, 9 to 5 job with benefits. But this ideal is now being deconstructed to fit the new skill economy with new expectations.
In a report published in 2019 by IBM, it was reported that the average cost of a single data breach is over USD 3.92 million.
We read every day that we’re in the fourth wave of Industrial Revolution, and businesses are adapting and changing by the minute to thrive in this new dynamic. Technology has become an essential component of every business, including HR.
Just a decade earlier, storing and maintaining data was a nightmare: there weren’t enough processes, inadequate infrastructure, and the lack of technological know-how to create that data into valuable information. However, with rapid technological advancements, we now live in a data rich environment. Around 2.5 quintillion bytes of data is generated and processed every day. Even the AI/ML algorithms have matured slowly to process this data. Therefore, it only seems fitting that data science is a job that has observed a high demand in the market lately.
90% of CEOs believe that digital transformation (DX) will impact their industry, but less than 15% are executing a digital strategy right now. While such slowness and reluctance to adopt would not have had such a huge impact before COVID-19, digital transformation is now no longer a choice, but rather a crucial driver of revenue, efficiency, and growth.
“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change” — Charles Darwin (1809-1882)
Work from home is a much-used term these days. Organizations usually have a defined set of processes in place for remote employees and for the one-off instances where a team or department resorts to ‘work-from-home. In fact, this is an option that offers your employees an added flexibility and if research is to be believed, it has also shown higher levels of productivity. Automattic, best known for giving the world WordPress.com, is working on a completely distributed model with employees all over the globe. So yes, there can be a success with remote working models.
Every business has procedures and processes of their own when it comes to hiring and recruiting candidates. They have separate timelines, resources, expectations, needs, and priorities. However, there are some standard tips and guidelines that any company can apply to recruit the best candidates.
A coding assessment is a good way of assessing programmers and developers. While the reports give accurate insights into the coding skills, they do not surface the candidate's thought process and how they have executed the program.
There are many ways of connecting with qualified candidates online. Social media has become a place where people like to share ideas and interact with each other. Different companies tend to include social media recruitment process for sharing different job-related messages such as LinkedIn, Facebook, Instagram, and Twitter.
Our goal at imocha is to help customers hire job fit candidates, faster. Over the years, we have realized that the best way to help our customers do that is by providing the right insights into their data. With our latest feature release, Recruitment Dashboard, we aim to summarize the key data points in your account with easy-to-understand data visuals.
