It’s no surprise that technology is radically revamping businesses and consumer applications in the world. With path-breaking developments in deep learning, data analytics, cloud-based computing, virtual reality, and AI, no industry in today’s world can escape the clutches and effects of the technological revolution. If properly utilized, these technologies hold so much power, as they can significantly improve efficiency, and consequently, rid the many redundancies that organizations currently face. This not only guarantees better returns solely from a process-focused analysis, but it is also a more cost-effective solution. Below are few of the game-changing hiring innovations that companies need to watch out for.
Out with the old in with the new!
Change and innovation in technology and industry have fundamentally altered the way we think about recruitment.
Often recruitment is a taxing, tedious and challenging task, but with the introduction of chatbots, these tasks have become much more straightforward. Chatbots are automated systems that work on a kind of artificial intelligence, which can be simple and binary or much more advanced with machine learning.
Chatbots help recruiters by reducing the time taken in achieving tasks like the collection of candidate information, screening of candidates, and ranking of candidates (on metrics like qualifications, engagement, experience, etc.). They also aid in quickly resolving FAQs about the job, the application process and help in scheduling interviews with the recruiter. Chatbots help expedite the recruitment process and add more competent candidates in the pipeline.
As in-demand aspirants increase, the organization’s general quality of applicants will also improve.
The use of chatbots allows recruiters to be able to stay in contact with candidates promptly throughout the recruitment process. They can quickly update candidates during the hiring process and activate their interest while saving the organization, time and money.
With the current rate of technological progression, even the craziest of ideas have now become a reality. As technology becomes more integrated holistically, we have the chance to use augmented reality in the process of recruitment. Augmented Reality is a technology that superimposes computer-generated images on a candidate’s view of the real world.
Organizations are continuously looking for revolutionary ways to appeal to and maintain top talent, and AR is a crucial and effective way of ensuring it.
Experts have agreed that AR has brought about an enormous change even in the workplace as it bears the potential to increase productivity and boost employee training considerably. So where does it join hands with recruitment?
In the age of mobile phones, it is an undeniable fact that AR will drastically benefit recruitment efforts. With the majority of the workforce being comprised of and geared towards millennials in the coming years, augmented reality will not only streamline the hiring process but also promote the company’s brand and communicate its message in a compelling way to potential employees.
It would additionally be possible for candidates to complete assessments in their free time or on the go, which is great for the employee and the employer. Our currently archaic 9 to 5 conception of a solid work ethic will finally be replaced! When hiring long distance or remote candidates, recruiters can quickly vet them to ensure they are qualified for the position. Augmented reality is the key to ensuring that companies recruit the best candidates regardless of their location.
Our world is collectively on the course of restructuring current economic modalities, as we are on track to become one big gig economy. A gig economy is fundamentally a decentralized workplace, where employees become independent contractors working in a localized manner.
In an age where Uber, Airbnb, Lyft are all commonplace terms, we’re fast becoming a freelance economy, and in fact, Intuit has predicted that by 2020, 40% of American workers would be independent contractors! But on more in-depth inspection, it’s clear this that statistic shouldn’t be surprising.
In the technological era, look to GitHub for example, it just makes sense as we move towards a gig economy, as jobs can be done from any corner of the world, and from an economic standpoint, it’s entirely logical. It is cost-effective, as businesses can cut down on overheads like office rentals, and all other maintenance costs.
In a localized system, where individuals from all over the world compete for freelance jobs, the sample pool of talent is vastly enhanced. Therefore, the nature of hiring people for jobs is all set to undergo a paradigm shift. The services of talent acquisition agencies that are technologically skilled (AI, gamification, etc.,) are all set to radically revamp how people think about scouting and hiring.
E-recruitment or, as otherwise known, social recruitment, is a paradigm-altering development in the arena of job hiring. Social recruiting leverages social platforms as talent databases or for advertising and building brand value. This technique uses social media profiles, blogs, and other internet sites to find information on candidates, reach out to them, attract and engage them.
We are living in a world that interacts primarily through social media, and with massive amounts of data being accessed and shared on social media platforms, it only makes sense to scale the entire operation of talent acquisition onto these platforms.
It can be highly cost-effective, and the reach that these platforms have been huge contributors to the success of such programs. The benefits of leveraging it are two-pronged - information about candidates can be scraped and analyzed to assess whether they’re the right fit for the job. It can also be used to advertise jobs through the social media handles of talent acquisition agencies, the companies themselves, or through HR vendors. Industries in the talent management sector with competent social recruitment software are all set to change the dynamics of the hiring field.
We have talked about the 10 most effective ways you can engage in social recruitment. Check it out here.
In an age where most corporate practices are either becoming digitized or are declared obsolete by industry standards, the person-person interaction-based form of interviewing an individual is just the norm that set to disappear.
Asynchronous interviewing is far more efficient, cost-effective, and is in fact, extremely helpful to the candidates themselves. They are online interviews that occur mechanistically. The video interviews are recorded; the distinction is that the candidates answer text-based questions and are given pre-set preparation times and response times which they can make use of at their discretion.
Therefore, without compromising on the ingenuity of the structured interview process, this revolutionary form of interviewing is great for the applicant as they decide the time and place of the interview (as the interviewer doesn’t have to be present physically or otherwise during the interview process). This can greatly relax the applicant, and help ensure that they perform at their best, and can save up a lot of time for the interviewer. Keeping in mind all these benefits, it’s no wonder that talent management firms are getting on board with this tech, continually improving both the online interface and the organizational standards for data security in this whole process.