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‘Taggd’ brings together Technology, Intelligence and Advisory for permanent hiring and aims to combine Data and Human Knowledge with the power to Choose the Right Talent
The report says that 56% of employers are likely to increase hiring, although net hiring outlook declined from previous year. Despite the gloomy outlook that is impacting Indian economy and the hiring plans of organizations in the last three quarters, Hiring will look up in 2020, according to India Skills Report 2020. While there are sectors where a muted growth would be experienced, Banking, Financial Services, Insurance and E-commerce business companies have shared a positive hiring intent for the coming year. Powered by wheebox, A Global Talent Assessment Company, India Skills Report is a joint initiative with taggd by peoplestrong, Confederation of Indian Industries, in collaboration with UNDP, AICTE and AIU. india skills report 2020 aims to provide an overview of the supply of talent and the demand from industry and brings together the readiness of our present talent pool for new-age jobs or job types and the skills that employers are today seeking in prospective employees.
– ‘Taggd’ brings together Technology, Intelligence and Advisory for permanent hiring – Taggd aims to combine Data and Human Knowledge with the power to Choose the Right Talent GURUGRAM, India, July 15, 2019 – PeopleStrong, India’s leading HR Technology and Talent Acquisition Solutions provider today announced the launch of ‘taggd’ – an independent brand for its recruitment solutions business. With ‘taggd’, PeopleStrong’s Recruitment business will aim for a bigger share in the country’s growing recruitment market as more organizations opt for Digital Recruitment (RPO) solutions to meet the talent needs of their business. Alongside, the brand PeopleStrong will continue to operate in the Enterprise Technology space with products in the areas of HR technology, collaboration, machine learning and analytics. Speaking on the development, Devashish Sharma, Founding Member and Chief Business Officer, taggd, shared, “These are exciting times for our Recruitment business and in a market which is growing at CAGR of about 30% (highest globally), we felt that as a leading player in the space, we needed to bring in more focus to grow and innovate. This new identity will help us achieve this goal.”
As per analysts’ estimates, the size of the recruitment market for permanent hiring in India is about $1.8 billion. While the Recruitment Process Outsourcing segment might not have the largest share, it is probably the fastest growing one. “In the past few years, we have seen adoption of digital recruitment solutions increase, especially in the new Internet segments too. While historically, large enterprises in traditional sectors saw a business case in RPO offering, however today, even new gen start-ups which are scaling are able to derive immense business benefits,” added Devashish. Under the Taggd brand, the company will continue to deliver Recruitment Solutions across 14+ sectors with its trademark business and recruitment process expertise, wider reach and access to a robust tech stack. The company currently owns about 15% of the market and is expecting to increase its share to 25% by 2022.
Taggd already has marquee names like Honeywell, Wipro, Mahindra & Mahindra, Tata Motors, Oyo, Swiggy and Renault Nissan as its customers. About Taggd taggd, a PeopleStrong recruitment solutions brand, combines the power of data and human knowledge to bring advanced talent acquisition solutions that change how businesses work and deliver. With more than 13 years of experience in managing permanent recruitment for over 60,000 positions annually, PeopleStrong, the largest recruitment solutions brand from India will now be operated under the brand name Taggd. Taggd will offer comprehensive recruitment solutions across 14 industries, like technology, engineering, pharma and automotive; with roles in the frontline, lateral and executive. Over the years, we have developed business understanding, recruitment expertise, talent network access, data intelligence and access to a robust tech stack to deliver business gains. Some of our leading enterprise customers include Wipro, Honeywell, Mahindra & Mahindra, Tata Motors, Renault Nissan, Oyo, Swiggy amongst other national and multi-national brands. Nelson Hall, one of the leading global analyst firms has rated us amongst leaders in the RPO NEAT Matrix.