REDUCING TURNAROUND TIME IN RECRUITMENT AND SELECTION PROCESS FOR LATERALS AT FMCG INDUSTRY
Purpose- To understand that effective sourcing mechanism in recruitment demonstrates positive outcome in reducing the turnaround time from requisition to offer i.e., the no. of days beginning from the date a particular position opens till the date a candidate has been made an offer.
Design/Methodology/Approach: The is an Exploratory study which is conducted involving sample respondents selected from the population Human Resources professionals in the FMCG industry sector.
Findings: FMCG Industries are trying the best to improve upon the internal capability in sourcing rather than relying on the external sources like recruitment agencies, consultants etc. and tracking it with metrics such as Turnaround Time, conversion ratio, cost per hire, etc. which has direct implications on the overall recruitment process efficiency. The study also identifies the fact that a pinch of automation can improve the recruitment process optimization.
Practical Implication: The results of the study imply that in FMCG industries, streamlining of the recruitment funnel with the help of strengthening sourcing mechanism by building more on internal focus like employee referral program, having a central talent database and continuous tracking of recruitment metrics can reduce the Turnaround time.
Originality/value: Focusing more on strengthening the referral program helps in reducing the turnaround time.