Combination of data with human knowledge will lead the recruitment industry to new standards
India’s leading Talent Acquisition solution provider and HR technology company PeopleStrong announced the launch of Taggd on 15th of July, 2019. Taggd is an independent branch for the recruitment solutions business of the company. Taggd is an amalgamation of Technology, Intelligence, and Advisory for permanent hiring of candidates.
Digital Recruitment on the Rise
As more organizations are opting for the Digital Recruitment Process Outsourcing (RPO) for their hiring needs, PeopleStrong will aim for a larger share in the recruitment market of the country. Analysts estimate the size of the recruitment market in India to be somewhere around $1.8 billion. RPO might not be the largest stakeholder, but it is surely the fastest-growing segment. While the brand PeopleStrong will continue to operate in the Enterprise Technology space with products in the areas of HR technology, Collaboration, Machine Learning, and analytics, Taggd will be a platform dedicated specifically to hiring. It will make use of a combination of data and human knowledge with the power to choose the right talent.
“These are exciting times for our Recruitment business and in a market which is growing at CAGR of about 30% (highest globally), we felt that as a leading player in the space, we needed to bring in more focus to grow and innovate. This new identity will help us achieve this goal,” remarked Devashish Sharma, Founding Member and Chief Business Officer at Taggd.
PeopleStrong currently owns a 15% stake in the Indian recruitment market and is looking at a figure of 25% by the tear 2022. With some of the renowned brands like Mahindra & Mahindra, Honeywell, Renault Nissan, Swiggy, Tata Motors, Oyo, and Wipro already as its customers, Taggd seems to be on the right track. It will serve 14 industries that will include engineering, technology, pharmacy, and automotive, with roles in the frontline, lateral and executive.
Devashish added, “In the past few years, we have seen adoption of digital recruitment solutions increase, especially in the new Internet segments too. While historically, large enterprises in traditional sectors saw a business case in RPO offering, however today, even new gen start-ups which are scaling are able to derive immense business benefits.”
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An End-To-End Recruitment Journey Aided by Technology
Taggd, an offering of PeopleStrong, optimizes the bilateral journey during the recruitment and delves deeper into each and every aspect of it starting right from planning, to sourcing, to screening, and finally to the selection of the right candidates. A team of over 400 recruiters with an average experience of more than four years scrutinizes each and every profile to shortlist the most relevant profiles for the companies to make a final call.
Modern recruitment strategies require a combination of the power of data and human knowledge to bring about advanced talent acquisition solutions. Artificial intelligence, Machine Learning, and accurate data will work in close association to assist the human resources with their amazing capabilities in the days to come.
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