How has the job market evolved?
Recruiters becoming more focused on skills of the candidates, even though the preference for strong brands whether it is companies in which the candidate is working or an institute from which the candidate has graduated, continue to be high. The second trend that has emerged is the usage of the Application Tracking System.
As the number of applications is fairly large for even a medium-size organization and recruiting teams become conscious of improving the candidate experience, they have invested in technology to make it easier for candidates to apply online and also to manage the process of recruitment at their end.
The third trend is the formal collection of interview feedback and ensuring the internal checks and balances are maintained in the hiring process. To a large extent, top recruiters were already following these practices. What we have seen in the last few years is an increase in adoption across small and medium-sized companies.
Tell us about Naukri FastFoward and Shiksha.com?
Naukri FastForward serves the need for candidates who are seeking expert help to improve their chances of finding a job. Besides our core offerings of Resume Writing and Resume Display service offerings, we have launched three new offerings in the last few years. One, Recruiter Connection enables candidates to send a personalized message to recruiters to catch their attention. This offering is used by several midlevel and senior candidates. Two, Priority Applicant service which enables candidates to receive job notifications within 60 minutes of the job being posted on Naukri.
Recruiters are most keen to receive applications when they post jobs and being the first one to apply helps in getting noticed. Three, Interview Pro provides an opportunity to have a mock interview with an Industry Professional and also get feedback on the interview. This enables candidates to face interviews with confidence, avoid common errors, and improve their chances of success.
Have engineering and MBA courses reached a saturation point?
Now, with an increase in the number of B-schools, Engineering colleges and institutions offering professional courses, both supply and competition have gone up. Newer IITs, IIMs, IIITs and NITs have also expanded the available seats for students. That has increased the number of students who are graduating with these qualifications. While the demand-supply mismatch a few years ago has substantially come down, there are plenty of jobs demanding the candidates with these skills.
The major challenge with today’s generation is technological advancements, the supply of the quality workforce with desired skills is a challenge. India’s engineering and MBA education problems are not hidden. There are recruiters waiting for appropriate candidates but candidates with required skill sets are missing.
|There are recruiters waiting for|
appropriate candidates but
candidates with required skill
sets are missing
Tell us more about Shiksha Assistant
Shiksha’s IIM Call Predictor 2018 integrates results based on the scores and profile of previous years call-getters. Besides cut-off details of the college, it also shows a review rating of the college, duration of courses and course fees. In the case of similar colleges’ results, results are further sorted on the basis of the review rating of the college.
On the other hand, Shiksha assistant like other assistants will answer all higher education-related queries of a student. The system will interact with the students to give answers to any queries from college details, exam details, and career to course details. It tries to provide the exact information which student is trying to find out with the information available on Shiksha. After providing the solution to the query, it will also provide a link to the student to navigate for more information available on the query.
Shiksha Assistant uses multiple Artificial intelligence technologies & techniques to give an answer to students’ queries. Firstly, it tries to understand the intent of students’ queries. Secondly, by using NLP (Natural language processing), it tries to understand what all topics it can serve as per the query. Based on that, it tries matching the students’ intent with topics to extract the precise details required from the information available within the topics. Shiksha Assistant tries to build the context of queries and provide relevant results based on previous conversations with the student or the information student is exploring on the portal.
How far the naukri.com and Shiksha.com have reached in Tier II & Tier III cities?
Increase in Internet penetration in Tier II and Tier III cities in the last couple of years have meant the higher proportion of students and candidates having access to information which enables them to decide on a particular course or a college. We continue to see significant growth in traffic from these cities.
What are the conversation rates of getting a job by using Naukri FastForward?
As Naukri FastForward, we do not promise that the candidate will get a job or get interview calls. The services we offer help and assist in improving the chances of a candidate. However, hiring decision is made by the recruiter and depends on several variables including the candidate’s own skill set and recruiter’s requirements.