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What is Skills-based Hiring?

The days of ‘hire and fire’ are long gone, and this is the era in which companies need to focus on long term ROI from their hiring decisions. Organizations are now looking to hire, engage, develop, and optimize their workforce because the pandemic has served as a wakeup call. Employees are no longer as afraid as they used to be of losing their day jobs, and candidates are calling the shots now.

A bad hire is like a bad apple. One bad apple, which can spoil the others. Hiring the wrong person can have serious implications. A bad hire not just hampers productivity but also influences your employees leading to disengagement and cultural imbalance. The cost of a bad hire is threefold:

Recruitment has been a highly competitive area of work for a few decades and it’s only going to get more so. Just having recruitment processes and referrals may prove enough for some very top companies, but most others need to improvise to be able to get the best people for the job.

What is an Employer Value Proposition?