Six HR Technologies that will revolutionize the recruitment process
As more companies wake up to the need to make a long-range strategy for technology-driven recruitment, companies need to think a step ahead. In order to create new strategies to drive the organization’s recruitment process, recruiters must stay in sync with the current technology trends.
As per the NASSCOM report of Talent Demand and Supply support, in 2018, the total fresh employable talent in India with relevant skills to work on new-age technologies is approximately 78,000. This number is expected to grow at a CAGR of 5% till 2021. Hence, it is important for recruiters to keep in pace with the advancement of technology and provide a competitive edge to its competitors. These are some of the pivotal HR technologies, which will transform the hiring process.
Implementation of Automation and Artificial Intelligence
With Automation and Artificial Intelligence (AI) in place, recruiters can devote less time to administrative and repetitive tasks and focus on quests that yield high value. For instance, AI will aid in creating self-tracking applications, which will give the candidates the ability to log-in and track the status. In addition to that, virtual assistants will be tasked with reminding candidates about upcoming interviews and providing real-time status updates.
In order to understand the candidates and identify the best talent, the gamification platform will help the employees understand the organization, office culture, history, achievements, etc. Simultaneously, it will also help understand and know more about the softer aspects of the new joiners. This helps the candidates to be engaged constantly, which results in an increase in the joining ratio turn around.
Cloud storage has revolutionized the entire recruitment process. There is an expectancy for more recruitment in the IT industry. Thus, the cloud will help to allocate these databases with the candidates’ information and will be easier to find, manage without worrying about storage. Moreover, cloud storage is cheaper, safer and can run multiple hard drives.
Social media is the new recruitment match for candidates and recruiters. HR departments across organizations are moving to digital recruitment, which is fundamentally different- right from having different value propositions for both new hires and existing employees to paving way for incremental change with the digital transformation. Through this platform, HR recruiters can reach out to a large set of audience. Furthermore, engagement campaigns can be run over timely periods to target a specific pool of applicants/ applications for the required position.
Hackathons are one of the best places where you find a wide array of talent under one roof. It is an open platform for candidates to be noticed, by putting across their innovations and shaping their ideas. Therefore, several companies are organizing hackathons to evaluate the coding skills and mindset of the new associates. Moreover, recruiters are connecting with the organizers of hackathons to discover the hidden gem that the organization needs.
An HR team that is technology-driven will make the recruitment process aligned with the company’s specific goals, cater to the business needs and accelerate change. This team will not only strategically evolve the function but will also support employee experience and efficiency outcomes. With the fast-paced technology and innovation, the upcoming decade is very critical and exciting for magnanimous changes that the organizations will deploy in HR technology. Moreover, HR technology will bridge the communication gap between candidates and recruiters and create a more harmonious approach.