'Employee retention likely to be top focus for recrutiters'

Image
Press Trust of India New Delhi
Last Updated : Oct 20 2015 | 10:07 PM IST
When it comes to recruitment, employee retention and quality of people being hired are likely to be the top priorities for organisations in 2016, says a survey.
The survey released today by professional networking site LinkedIn, 55 per cent of talent leaders felt employee referral programmes were the top source of quality hires and 42 per cent considered social professional networks as equally important.
"Employee retention, focus on employee referrals, employee branding and quality of hire are likely to be the top priorities for the recruitment landscape in 2016," LinkedIn's India Recruiting Trends 2016 said.
According to the report, the gap between volume of hiring and hiring budgets widened in 2015.
With a decrease in the hiring budget, talent leaders see employee retention as a priority for their organisation. Thirty six percent of the talent leaders stated that employee retention is a top priority over next 12 months, it added.
"India leads the globe in the usage of referral programs with 65 per cent organisations using employee referrals as against the global average of 39 per cent.
"Nurturing strong relationships with employees and their networks would help organisations identify and source quality talent," it noted.
The findings are based on a survey of 3,894 talent acquisition decision makers who work in a corporate HR department and have some authority in their company's recruitment solutions budget.
LinkedIn India's Director (Talent Solution) Irfan Abdulla said that organisations are watching their hiring budgets more closely now and it comes as no surprise that employee retention and quality of hires have surfaced as top priorities for talent leaders.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 20 2015 | 10:07 PM IST

Next Story