The advent of online talent communities and online job boards not only helps companies to find the right talent, it also helps employees to have more information about their preferred places to work.
Hiring tools like online talent communities and online job boards help employees make better decisions and at the same time help employers identify outstanding talent at a time when many employees may not be actively pursuing a Job change.
This has made it possible to identify and engage passive job seekers who may be open to the right job at the right time, Karanth added.
According to Kelly Global Workforce Index (KGWI), social media and online tools are being used as a vital determinant in deciding job for a potential candidate.
In the Financial Services & Insurance Sector 37 per cent of employees have been part of online talent communities which has become a primary source to exchange intelligence and share latest industry updates.
Moreover, in the Indian life sciences sector also 65 per cent employees use social media in making a career or employment decision.