Recruiting is a competitive sport, and the challenge is to stand out in a crowded market and attract the attention of top talent. This is where Teksands, a Top Recruitment Agency in Pune, excels, in finding the right talent in this ever challenging and difficult talent marketplace Looking for reliable recruitment agency in Pune? Trust Teksands for all your talent and recruitment needs! Recruitment today is fraught with several challenges: Difficulty in Sourcing the right candidates from the Market due to difficult skill patterns and long Notice Periods Very Low sourcing to interview success ratio due to candidate quality Very Low offer to joining Ratio High Cost of Candidate Overall high cost, elapsed time and effort consumed on Recruitment Large network of candidates both online and physical makes us a top Recruitment agency in Pune For the best Recruitment Agency in Pune, Choose Teksands - Your Number One Choice! We Boast a Team of Highly Skilled Recruiters with In-Depth Knowledge
Are you still confused about what is skill gap, and the factors that lead to this condition in the business sector? If yes, this write-up will clear all your doubts.
According to a survey conducted by CareerBuilder in 2017, the HR managers incur $800,000 annually because of the extended job vacancies that last for more than 12 weeks. Furthermore, since 2017, the rate of unemployment has multiplied extensively, making it difficult for the employers to pick the right talent.
Post pandemic, the economy has started recovering, but the businesses are still struggling to pick the right talent from the market. The real challenge lies in finding individuals who have the required skills to meet up the expectation of different job vacancies.
The skill gap is the difference between the skills possessed by a worker and the skills required to perform a job effectively. The skill gap increases generally when the companies lose their experienced employees or when the business adapts new technologies. This constant change in technology calls for employees who could rapidly adapt the changing work requirements and fit into the situation.
But, how can an employee get trained during the job to get a different skill?
To train an employee during job, the employers need to work on organizing employee skill development programs where experts could help the existing workers to learn the required skills. Actually, most companies do not have the basic resources to organize training programs, and this is where the current employees lose their job and the companies suffer because of insufficient manpower.
What are the effects of skill gap?
Skill gap is making the businesses suffer in multiple ways. Let’s read its short-term and long-term effect on business.
Quality
Lack of knowledge or skill related to a certain technology leads to low-quality production. Furthermore, especially when the technology is new, there are larger chances that the current employees don’t have proper knowledge about the capability of the same. As a result, the production quality gets hampered, putting the company’s reputation at stake.
Insufficient productivity
Unskilled workers are not only responsible for the deteriorating quality of the product, but they are equally responsible for producing insufficient output. For instance, when the workers spend larger amount of their time in identifying and fixing quality issues, the quantity gets sacrificed. As a result, the productivity fails in the long term.
Introduction of new technology is done to boost the production rate and the quality of the produce. But, if the business doesn’t have skilled employees to operate the business, all of it goes in vain.
Increased cost
As the quality and the quantity of the product get compromised, the business bears a loss. This increases the cost of production, and reduces the chances of making good profits.
So, if you too are worried about the deteriorating quality and increased cost of your business functions, you should choose to train your employees and get the most out of them.
Instead of beating around the bush, you should take help of expert Ed-Tech companies that work with the aim to supply skilled employees to different business sectors. Teksands is one such reliable name in this industry. The expert trainers at Teksands organize customized web development Bootcamp courses, where the selected candidates are educated about the skill that’s largely in demand.
Through the best online coding Bootcamp structured by Teksands, different companies find employees who match the exact requirement of the business. This is how the mess around hiring skilled employees is dealt by expert trainers at different Ed-Tech companies.
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