A shocking number of recruiters prefer CTC over skills while hiring
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A survey from TimesJobs.com has revealed that 62% hiring managers and recruiters have admitted to hiring candidates not because of their skills but because he or she fits the salary range they have allotted to the post.This blunder, which is committed by more than half of hiring managers surveyed, tells that CTC is regularly given preference over skill sets, because the recruiters have to adhere to budgets.
Around 55% of the surveyed organisations also revealed the most common hiring blunders that recruiters make, which is giving out unclear job descriptions in the first place. Other most common mistakes include using outdated methods for screening and hiring candidates (46%) and ignoring the relevance and importance of a good cultural fit (40%).
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"It is a highly competitive world and the war for talent is equally brutal as that for business. However, with lack of due diligence on the fronts of clarity of role, career path and cultural fit talent retention remains a big challenge," TimesJobs.com COO Vivek Madhukar said.
To add to the shocking revelations, it has come out that while 70% of hiring managers believe that reference checks are important, a mere 58% actually take the pain of conducting these checks.
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For the study, 713 hiring managers in companies across major employment hubs in India were surveyed.
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