What’s trending in the recruitment industry now?
Change is constant for fast-moving life and technology has changed everything. If a talent acquisition team has to stay ahead in the job market, HR and recruiting professionals have to become marketers to hire the best talent on board. However, technology impact on recruitment in terms of improved efficiency and quality.
The incredible speed of technology has influenced all sectors and accessing HR and formulating the recruitment process is strongly felt. Many job aspirants use smartphones to search for a job and a recent study reviles that 45% of candidates use job portal apps to look for an opportunity. There are many talent acquisition teams facing challenges to switch to modern methods from traditional talent search ones.
So, let’s dig deep to learn what’s happening in the world of recruitment.
Hiring freshers to cut cost
The most recent trends in the recruitment industry is the hiring of freshers while laying off under-performers in the mid to senior levels. The move is a bid to cut down cost and restructure the organization for the technology disruption. Even though if companies are not laying off they seem to formulate cost-cutting measures to save millions by hiring freshers trained in 21+ trending technology tracks.
Artificial Intelligence will impact the capacity and skills required
A major positive aspect of the recruitment process is going to shrink on time-consumption and extended recruitment procedures. Chatbots are popular with recruiters that are set to be taken over by AI ushering candidates towards the job type and match them with the criteria.
With AL and automation coming together, there will be a lot of changes in job titles with little presence of a humane element in specialized and senior recruitment sections. However, a major part of basic manual tasks will be taken over by AI.
Algorithm and analytics
These days, companies are using software to sort applications and to target potential candidates. This leap will be shifted from the traditional phone call and F2F interview rounds to a digitized method. Certain job portal algorithms are set to identify the skilled candidates and shortlist them before getting in touch. This makes the hiring process easy to find the right candidate for the post.
Most companies today, prefer to onboard skilled candidates and deploy them on development activities from the very first day. Recruiters use a strategy “Hire-Train-Deploy” or “Train-Hire-Deploy” to acquire entry level freshers. However, Talent-on-Demand allows employers to hire “Just-in-time” and “job-ready” talents from the campus. Similarly, at IIHT we help student to climb the ladder of corporate world by upgrading them in trending technologies.
Many organizations have shifted the manual recruitment process to automated recruiting with the advent of HR technology. Advanced recruitment software is highly in demand to automate the recruitment process easier and effective. Online recruitment is 70% faster than traditional hiring methods, which reduces time-to-hire and improve hiring quality.
Handling a huge data volume is nearly impossible for the recruitment team. The HR team will be performing more data-driven and analytical tasks while screening the candidates to generate connections between the data points. Appreciatively, data analytics vendors are finding ways to help with report generation and organizational network analysis. Or, use feedback channels to understand to exchange information within the organization.