The modern world has witnessed two excruciating recessions in the year 1930 and 2003 respectively. The impact of the recessions was devastating for the economies at large, but it specifically gave away the notion that the industries were resilient to such shocks. Then a larger challenge surged, and a vicious cycle of layovers and negative growth took over the industries. Growth was direly needed but companies couldn’t sustain their employees. Post-COVID-19 pandemic another widespread economic disruption occurred, leading to a significant rise in unemployment rates worldwide. As a result, companies have been struggling to find new talent and keep their businesses running amidst the recession. Virtual job fairs have emerged as a helpful tool for corporates in tackling the rising recession. The demand is high, be it in the west or in the east, virtual career fair platforms in India for virtual job fair platforms in Canada, became a hotplate for companies seeking credible candidates. In this blog, we will help you explore how virtual job fairs have helped corporates in addressing the challenges of the recession.
Cost-Effective Solution
One of the primary benefits of virtual job fairs is that they are cost-effective. Traditional job fairs require companies to spend money on travel, accommodations, and other expenses. In contrast, virtual job fairs can be attended from anywhere, which means that companies can save money on travel and other expenses. This is particularly useful for companies facing financial constraints during the recession.
Wider Reach
Virtual job fairs have a wider reach than traditional job fairs. Traditional job fairs are usually held in one location, which means that they are limited to the number of people who can physically attend. In contrast, virtual job fairs can be attended by job seekers from anywhere in the world. This means that companies can attract a larger pool of candidates, increasing the likelihood of finding the right fit for their job openings.
Time-Efficient Solution
Virtual job fairs save time for both employers and job seekers. Companies can conduct interviews and screenings online, reducing the time and effort required for in-person interviews. This allows recruiters to manage more applicants in less time, which is particularly helpful for companies dealing with a high volume of job applications during the recession.
Customizable
Virtual job fairs can be customized to meet the specific needs of the company. Employers can create personalized presentations, provide job descriptions, and answer candidate questions in real time. This helps to build brand awareness and attract the right candidates. Companies can also use virtual job fairs to showcase their culture and values, which is an important factor in attracting top talent.
Safe Hiring Solution
The ongoing pandemic has made virtual job fairs a safer option for both employers and job seekers. With no in-person contact, there is a lower risk of infection, ensuring the health and safety of all parties involved. This is particularly important during the recession when health and safety concerns are heightened.
Virtual job fairs have emerged as a valuable tool for companies during the recession. They provide a cost-effective, wider reach, time-efficient, customizable, and safe hiring solution. Amidst the recession, companies need speedy, adaptable & impactful solutions to hire proficient candidates from all over the world. Thanks to virtual career fair platforms like ibentos, virtual job fairs have now enabled companies to breach the continental boundaries to connect with a larger pool of candidates, save time and money, and ensure the health and safety of all parties involved. The ibentos has been ranked the best virtual career fair platform in India and the top virtual education fair platform in Canada, for its one-stop event technology solutions, be it virtual, hybrid or metaverse, unmatched customer assistance and unique & personalized event experiences. We believe, virtual job fairs are likely to remain an important tool for companies even after the recession is over, as they offer several benefits that traditional job fairs cannot provide.
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