HR technology is changing, and it’s making waves among companies, small and large. When you look at the current recruitment technology trends, it’s clear that change will be the only constant.
There has been a massive demographic and technological shift, and the below discussed modern recruiting trends are proof of it. Implement these 5 recruiting trends to improve your recruitment process:
Using data for making hiring decisions is not a new concept. The recent technological advancements have enabled businesses to churn out massive amounts of data and analyze it at a phenomenal speed.
Today, hiring managers are using data to make strategic and intelligent hiring decisions. Most successful companies leverage data to help them to find, nurture, manage, and hire top talent.
Virtual Reality (VR)
Many companies have started to use VR beyond its established training and education purposes. VR is creatively used to enhance the candidate experience and employer branding. Recruiters use VR to give virtual office tours to candidates, conduct simulated situations for assessments, and take interviews.
The use of artificial intelligence (AI) is becoming one of the top trends as it is slowly but strongly gaining a foothold in recruiting. According to The Harvey Nash Human Resources 2017 Survey, 15% of HR leaders across 40 countries reported that AI and automation are positively impacting their workplace.
AI is best for carrying out the most repetitive tasks, such as resume screening, which is a time-consuming process. AI-enabled recruitment software helps automate the process of resume screening and gets you candidates that match your requirements.
Other AI-based technologies, like Chatbots, respond to candidate questions, thus enhancing the candidate experience.
AI handles repetitive tasks efficiently, thus reducing workload, improving candidate experience, and saving the time of resources.
Recruiting Software and Applicant Tracking Systems (ATS)
Recruiting software and ATS help increase the efficiency of the recruitment process. Today, the fact that about 70% of recruiting companies use some form of Applicant Tracking System says a lot about the benefits it offers in talent acquisition.
ATS helps streamline the recruitment process and enables recruiters to manage, nurture, and engage employees. ATS will have a major role to play in the future as its limits will be challenged and its potential unlocked.
The traditional method of searching for candidates, determining their worth, conducting the pre-hire verification process is slow. Moreover, it can be inaccurate and fraud-prone.
For example, potential hires can make changes in their resumes according to the job requirements and fabricate references. But with blockchain technology, employee records are stored on the blockchain. All the recruiters have to do is ask the candidate’s permission to access their blockchain-based employment data, which may include employment history, educational records, letters of recommendation, and more.
Blockchain can successfully take off the human element, making the employee verification process highly efficient and error-free.
HR is currently undergoing a sea change, and this change is going to impact various functions, particularly recruitment. What is important here is to get a solid understanding of the emerging trends in HR technology and stay on top of things to ensure that whenever a change happens, you are ready to embrace it.