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3 Best Campus Recruitment Strategies to Embrace in 2023

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How to Assess Culture-Fit During Recruitment


Are you looking forward to assessing, engaging, and hiring top freshers from the University campus this year? Hope you don’t encounter any hiring hurdles on your way!

As we all know the competition for talent acquisition is increasingly growing stiffer every day. Even statistics by LinkedIn suggest that 63% of recruiters find themselves stuck with the talent shortage issue. It is natural that companies eagerly await campus hiring season to onboard new Gen-Z talents.

A Yello study states that 70% of hiring managers intend to source their job posts with Gen-Z candidates from the campus this year. This time, assessing and onboarding the new generation with old hiring practices will be the toughest nut to crack.

Several of your competitor companies must be desperately looking for qualified freshers like you are. So, you must be well-equipped with technology and fast-paced as you dive into the campus placement assessment of young and eligible candidates.

Let’s look into a campus placement checklist before you set off:

  • Goals of the campus talent hunt
  • Candidate engagement strategy
  • An experienced interview panel
  • Early marketing of job postings for Awareness
  • Availability of tools that can assist you through the process
  • Strategies to represent your company’s  core values and culture on-campus

These are the primary goals of campus recruitment that one needs to attend to for successful on-campus hiring. Onsite recruitment is nothing less than any other business gathering,  where many opportunities are coming towards you.

But, to make the best out of these opportunities, you need to stand out significantly from the crowd, as well as attract the attention of the right candidates. So, keep your cool, and read through this blog for campus recruitment tips and strategies about organizing a fruitful campus hiring plan.

  1. How Do You Plan To Stand Out?

Like any other event planning, we start with the get-up! In a literal sense, it refers to the unique strategy you adopt to attract Gen-Z candidates to your job posts. Basically, this is your preparedness for the upcoming campus hiring season.

As per The Future of Job Reports, 20.8% of hiring managers feel it’s challenging to cope with candidate expectations and demands. Even though this is true, many employers develop various hiring strategies to overcome these challenges. Some of these strategies  are mentioned below:

  • Establishing a good company reputation
  • Expressing your diverse ethnicity and work culture
  • Sharing the values and goals of the company with potential candidates
  • Presenting to them, the career opportunities that you can provide
  • Budgeting and showcasing your organization’s hiring experience
  • Providing engaging events that emit the essence of your organization
  • Utilizing advanced tools and techniques throughout your hiring process
  1. Recruitment Targets: Identifying And Assessing The Right Candidates?

You don’t go to a party without your glamorous partner. Then, why miss a chance here? The goal of hiring on-site is your partner in this case. A study about hiring managers reveals the Top 5 recruitment goals of the 21st  century.

  • Growth in quality-of-hire  (52%)
  • Increase in  retention rate (24%)
  • Improved  time-to-hire  (23%)
  • Expanded hiring pipeline (22%)
  • Ensure diversity hiring (22%)

Fortunately, campus hiring season covers the 4th vital point of hiring goals. And the rest of the pointers can be covered by administering Skills Assessments. How?

Skills Assessments gauge the candidate’s job-specific skills and competencies that make them an unbeatable performer. These assessments also predict the possible years of retention for each candidate profile. They eliminate bias while naturally encouraging diversity. And they definitely reduce the considerable time of hiring and keep track of multiple candidates.

  1. Can You Deliver The Best Candidate Experience?

In campus hiring, only attracting talent isn’t going to help. You also need an engaging hiring method so that they stay with you till the end. Otherwise, as per records, 75% of recruiters have experienced a denial of offer letters from candidates after their selection! One of the most experiential studies claims that 80-90% of candidates are likely to change their minds depending on their recruitment experience.

Some ways of bettering your candidates’ recruitment experience are:

  • The short and transparent recruitment process
  • Fun, engaging,  and visual-based  pre-employment tests
  • Constant updates on application status
  • Quick response to queries
  • Structured interviews
  • Unbiased and constructive feedback
  • Presentation of good work culture, diversity, and inclusivity

How Can PMaps Help You?

PMaps Consultancy is a group of psychologists and IT geeks who come together to develop competency-based pre-employment assessments. Our campus placement assessment addresses most of your concerns, from identifying the job-fit candidate to a culturally adaptable workforce. Our campus intelligence solution is a one-stop shop for all your hiring concerns.

Other Best Pre-employment Tools We Offer:

 

  1. Language Tests: These measures your candidates based on context, comprehension, fluency, grammar, pronunciation, and solutions.
  2. Sales Assessments: These gauge sales-specific aptitude, skills, cognitive abilities, and personality traits that influence on-job performance.
  3. Customer Service Assessments: These evaluate customer-centredness, interpersonal skills, problem-solving abilities, situation-based judgments, aptitude, and attention to detail of your applicants.
  4. Coding Assessments: This checks if the candidates are well-versed in coding skills, technical aptitude, and programming. It also reports their personal competencies for the specialized job roles.

 

How Can We Help You in Virtual Campus Recruitment?

  • We ensure you are well informed about your candidate’s skill profile, cognitive abilities, and aptitude.
  • We eliminated hiring biases by providing you with practical and factual insight into your applicant’s claims.
  • We can provide your candidates with visually engaging assessments.
  • With voice and accent assessment administration, we ensure your future employees are well-versed in the globally comprehensible English language.
  • We can help you screen your candidates remotely and quickly so you don’t miss a chance to pocket top talents against your competitors.
  • We enable you to customize a value-based assessment to check your candidates meet your unique employability standards.
  • We assure your organization onboards an overall workforce rich in diversity and inclusion.
  • Lastly, we ensure the candidate you hire is culturally fit and ethically aligned with your organization.

Conclusion

Campus hiring, otherwise known as campus recruitment, can bring a large number of diligent employees into your organization. It encourages the involvement of Gen-Z candidates to contribute to the industry and learn from it. PMaps’ campus hiring solutions will help you overcome your hiring challenges and help you onboard top talent in minimal time! You can connect with our experts through our website or email to plan your campus hiring strategies today.

Featured Image Credit: Edmond Dantes; Pexels; Thank you!

Pratisrutee Mishra

Content Writer at PMaps

Beginning at the age of 10 years old, Pratisrutee Mishra has had an immense interest in writing. The young, professional Gen-Z writer now holds an experience of 4+ years in SEO Content Development. Pratisrutee is an equally avid psychology learner and research aspirant at PMaps.

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Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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