Talent acquisition professionals of today must keep a pulse on the constantly changing landscape of recruitment. 2018 has been the year of reckoning for recruiters as more and more are making use of mobile recruiting. Oil and gas industry is no different, as it is exploring new ways to use e-recruitment technology to up their digitalization game.
To bridge this gap between the talent and the opportunities, it is important to leverage the benefit of e-recruitment and collaborate with recruitment automation via app-based approach.
A mobile application simplifies the labor-intensive and time-consuming recruitment task and comes loaded with features that help to automate the recruitment cycle. Here are more pros for the app-based approach to sourcing talent in oil and gas industry:
Saves Time and Cost
App-based recruitment saves a considerable amount of time in the job posting, application storage, screening and shortlisting. A recruiter can maintain the process on-the-go and avoid any delay due to their on-site visits or other travel related activities. This means a definite growth of recruitment productivity as well as avoiding revenue leakages due to open positions.
Time and cost saving is an obvious outcome of the app-based approach. However, it also aids in the quality of recruitment by reaching out to a wider audience, getting access to a larger database of applicants, shortlisting candidates based on the specific requirement that is crucial for oil and gas sector. Thus, boosting the overall quality of hiring.
Ease of Use
The millennials and GenX are mobile-friendly generations. They get familiar with the applications fast. With the availability to get push-notifications on new job postings for the candidates, it is the ease of application which attracts applicants. Recruiters must ensure the app is user-friendly and intuitive to deliver better results for job search query.
Companies in the oil and gas space have remained on backfoot when it comes to interaction with applicants. However, this sore spot is getting rectified with the mobile-based app. The chatbots allow the recruiters and applicants to communicate using email or messenger. The applicants can directly reach out to recruiters for any queries and concerns, and additionally, the recruiter can notify the candidates about the process of deadlines and on-boarding formalities.
Niche Market Approach
If you are recruiting exclusively for certain profiles, a mobile app can help you connect with potential contacts who are interested in the oil and gas industry. A networking platform like NrgEdge, that is specifically developed for professionals from the energy sector does not let the job postings get lost among requirements from other industries like IT and telecom. This gives you an advantage of promoting your posting in a niche forum.
For all the good, app-based approach can do, it still comes under fire from the critics Here are some points of concerns that must be considered before opting for this approach:
AI Cannot Replace the Human Intelligence
Some app-based platforms work on the artificial intelligence, where certain keywords or parameters are fed to shortlist the appropriate candidates. However, oil and gas industry is flexible and more skill-driven which means an applicant with atypical work experience can also be equally qualified for the position. This might be overlooked or rejected by the automated system. Hence human intelligence is still required to choose the right candidate.
System Can Be Tricked
Sometimes, poor selection of keywords by the recruiter can trick the app to highlight or shortlist candidates who are not relevant to the search profile. It might just end up to be a more frustrating process to manually shortlist profiles from a wide pool of mismatched resumes.
The web-based application is prone to hacking, virus or other data loss or data stealing which is a major concern for recruiters and professionals alike. In some situations, the company might ask for more information from the candidate apart from the ones mentioned in resume and profile. The candidate might not be comfortable sharing the details over an app leading to the delay in the onboarding process.
There is no doubt that the app-based approach is the future and with the right approach to tackling the loop-holes, like right usage of keywords and proper security settings, it will turn out to be a win-win for both recruiters and candidates. Oil and gas industry can take a step forward by cross-pollinating talents from other industries and an e-recruitment app can be the most crucial tool to achieve that.
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Already, lubricant players have established their footholds here in Bangladesh, with international brands.
However, the situation is being tough as too many brands entered in this market. So, it is clear, the lubricants brands are struggling to sustain their market shares.
For this reason, we recommend an impression of “Lubricants shelf” to evaluate your brand visibility, which can a key indicator of the market shares of the existing brands.
Every retailer shop has different display shelves and the sellers place different product cans for the end-users. By nature, the sellers have the sole control of those shelves for the preferred product cans.The idea of “Lubricants shelf” may give the marketer an impression, how to penetrate in this competitive market.
The well-known lubricants brands automatically seized the product shelves because of the user demand. But for the struggling brands, this idea can be a key identifier of the business strategy to take over other brands.
The key objective of this impression of “Lubricants shelf” is to create an overview of your brand positioning in this competitive market.
A discussion on Lubricants Shelves; from the evaluation perspective, a discussion ground has been created to solely represent this trade, as well as its other stakeholders.Why “Lubricants shelf” is key to monitor engine oil market?
The lubricants shelves of the overall market have already placed more than 100 brands altogether and the number of brands is increasing day by day.
And the situation is being worsened while so many by name products are taking the different shelves of different clusters. This market has become more overstated in terms of brand names and local products.
You may argue with us; lubricants shelves have no more space to place your new brands. You might get surprised by hearing such a statement. For your information, it’s not a surprising one.
Regularly, lubricants retailers have to welcome the representatives of newly entered brands.
And, business Insiders has depicted this lubricants market as a silent trade with a lot of floating traders.
On an assumption, the annual domestic demand for lubricants oils is around 100 million litres, whereas base oil demand around 140 million litres.
However, the lack of market monitoring and the least reporting makes the lubricants trade unnoticeable to the public.
Headline crude prices for the week beginning 11 February 2019 – Brent: US$61/b; WTI: US$52/b
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Midstream & Downstream
Global liquid fuels
Electricity, coal, renewables, and emissions