'For every job we advertise, we get 100s of resumes. But... most drop out': Sameeksha Capital founder

Bhavin Shah, founder and chief information officer of investment firm Sameeksha Capital. (Image credit: Sameeksha Capital)

Bhavin Shah, the founder of Ahmedabad-based investment company Sameeksha Capital, recently shared a few "hard facts" about unemployment and the current job market in India. He pointed out that although hundreds of job seekers apply for an available post, very few of them follow the recruitment process diligently leading to dissatisfaction and disappointment of both job seekers and recruiters.

"There is a lot of talk about unemployment. So here is an anecdote. For every job we advertise, we get 100s of resumes. But if we ask people to fill a Google form, very few do so and most drop out," Shah said. "Next step, we ask shortlisted candidates to appear for a test. Very few do and most drop out. Next step, among those who do, very few clear the test. Next step, interview and hardly anyone clears it. This is the state of the job market in India. Not passing any judgment, just sharing hard facts."

Very few do and most drop out. Next
step, among those who do, very few clear the test. Next step, interview and hardly anyone clears it. This is the state of the job market in India. Not passing any judgement, just sharing hard facts

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— bhavin shah (@Chicagobooth96) July 13, 2024

Several X users and recruiters said they could relate to Shah's post.

"Same experience. We get 100s of resumes, send simple assignments. A small percentage respond. A few make the interview shortlist. The ratio of good-fit final candidates to initial applications is really small," commented Rayoflight (@ArunChillara).

Another user Ishwar Singh (@IshwarBagga) said, "Most of the people applying for jobs are not serious. Many do not even pick up calls after submitting resumes. About 80 percent of the candidates will drop out if you give a basic skill test without any attempt. After 2-3 rounds most companies end up with just 1-2 candidates from thousands."

Others, however, had a different take on the matter.

"From my experience on both sides, a lot of case study rounds are waste of time for the candidates with no implications on the further selection process. Hence the drop-off. Companies need to make sure they don’t waste someone’s time as well," said Lokesh Dash (@Lokesh_Dash).

"What’s the salary of the jobs you advertise?" asked X user (@TheIndiaTalkies). "Posts like these hide the face of the poor salaries and the consequent less motivation to go through the hassles. We don’t see this happening in jobs with good pay grades. We say this with our own and our client experiences!"