Finding a job has never been simple. In early days, we had to buy a newspaper for job and read that classified section of job and had to prepare CV and sent them out. You had to wait for that company reply and sometimes they didn’t reply. It was a very hectic method.
As you know these days there is so much boom of internet. Now, the job finding is very easy. There are plenty of online websites and applications are launched to help the people who are looking for jobs. This practice enabled the companies to post the vacancies and receive applications from talents world wide without geographic and time limitation which reduced the cost and time involved for recruiting candidates.
As we know that nearly all countries are now seeing a growth in their economy. Economic growth rate is a crucial factor in determining the generation of jobs. The disintegrating global economic environment would significantly impact the recruitment market in 2010. The impact of the financial slowdown is restricting recruitment in many countries. Due to this financial slowdown all global staffing companies feel they are in a better position than smaller companies to manage the current crisis. Smaller staffing agencies are weaker to an economic recession because they depend on high margins to ensure profitability. However, global recruitment agencies remain positive. They are adopting techniques to manage the crisis.
Technological advancement, globalization of market place combined with an increasing shortage of skilled staff has made it crucial for companies to implement appropriate recruitment practices through out the world. The recruitment industry is gearing up for these changes by developing strategic alliances and global partnering to ensure access to the best candidates world wide. Professionalism, technical competence and the development of world best practice are trademarks of successful global recruitment consultancies.
Outsourcing is the latest trend in the employment sector. Many organizations have moved to outsourcing all of their non-core activities. Outsourcing has created jobs in developing countries like India, Philippines. Call centers and BPO’s are a direct outcome of outsourcing. The workforce in this sector commands high salaries. This in turn has led to a rise in domestic consumption. This increased consumption has led to more production of goods and it has created more employment.
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