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Top Recruitment Technology Trends You Need to Know in 2022
Technology keeps changing the way businesses are run. And, it’s not surprising that recruitment is being changed by technology too.
Latest technology recruitment systems are making the hiring easier operationally while increasing the competition in talent hunting strategy, and many leading organizations and recruiters are taking part in this race. Recruiters have no other choice but to keep up with the times and adapt to these changes.
Recruiters are taking advantage of new technologies to make candidate sourcing, screening, and selection more efficient which ranges from social media and online video interviews to artificial intelligence (AI).
Here are some of the highly discussed and implemented recruitment technology trends that are taking over the talent marketplace.
1. AI and Automation Systems
Artificial intelligence (AI) is becoming more prevalent in recruitment processes thanks to its ability to automate mundane tasks thereby saving recruiters' time which they can consider utilizing elsewhere. Most importantly, this allows recruiters to focus on more important tasks like developing relationships with candidates, which leads to higher conversion rates on job posts.
One promising field for AI is automation of recruitment process offers is it streamlines the hiring process, reduces conscious and unconscious human biases, ensures scalability during sudden hiring spikes likewise the benefits are immense. These systems can handle parts of recruitment processes like resume parsing using keywords, scheduling interviews, conducting skill assessments, and sending out emails regarding applicant status, and so on. Above all investing in automation is predominantly a one-time hiring investment.
2. Video Interview Technology
Video interviewing is now the norm for several leading employers, with some even going as far as to make it mandatory for certain positions. Virtual interviews can be helpful for staffing companies or contract employers looking to find passive candidates who cannot afford to dedicate time, and effort to appear in person.
This also enables recruiter and candidates take advantage of a flexible interview schedule and multiple rounds thereby helping employers get a better look at that individual's personality, which translates into how they work in a specific environment. Robotic interviews and prescreening interviews are increasing popular virtual interviewing trends that enable easy interview stage filtration.
3. Data-Centric Recruiting
Data-centric recruiting has become an increasingly popular method of staffing. This is because it's a more efficient way to quickly find the best candidates for an open position, compared to traditional methods.
It involves keeping track of key hiring key performance indicators and calculating the hiring success rate periodically so that hiring heads can decide investing more time and effort on the best working strategies and take steps to fill the gaps in the hiring process. Some employers use tools and whereas few others rely on recruitment professionals who can help them with the metrics. The most commonly used hiring metrics are time to fill, time to hire, offer acceptance ratio, candidate and employee attrition rate, and so on.
4. Hiring Managers Collaboration
Hiring managers are the most important decision-makers in the recruitment process. They are responsible for assessing candidates, making offers, and ensuring that employees stay with the company. As such, they need to be as efficient as possible when hiring new people.
Hiring managers can now collaborate by sharing candidate information and documents in real-time by being part of recruiter communities, talent networks, groups for industry professionals, recruitment marketplaces, and so on. This enables them to make better decisions faster and avoid losing their top candidates to other companies.
5. Attracting New Prospects via Social Media
Social media has changed the way we interact with each other. From sharing photos and videos to connecting people from around the world, it's an essential component of our daily lives. It makes sense that it has also made its way into recruitment among companies of all sizes and across industries.
We have seen an increase in the number of companies using social media for prospecting, particularly LinkedIn and Twitter since they are more professional. Companies are engaging prospects by viewing their profile information, making connections, and sending messages. Here is our comprehensive guide on social media talent acquisition strategies.
6. Remote Work & Hiring
Remote hiring has become a popular trend for companies that are looking for the best talent. Candidates have the freedom to apply from anywhere and utilize their downtime, which is especially advantageous for those who work multiple jobs or as freelancers.
Most technology companies, such as Google, Apple, and Adobe, have already embraced the benefits of hiring remotely. The trend is changing the way companies hire and how candidates find jobs in the modern world. For example, instead of posting a job listing on newspaper and magazines, employers can post their opening on websites, social media, and thereby target specialized audiences.
7. Diversified Candidates Hiring
One of the major trends in today's recruitment industry is diversity among candidates. Diversity in workplace refers that you're looking to hire a mix of people from various backgrounds.
It can be men and women, young and old, employees and freelancers, recent graduates, and experienced professionals. Diversity also encompass people from different races, ideologies, socio-economical backgrounds. The good news for recruiters is that there are more tools available than ever before to help you find your diverse candidate set.
With several types of recruitment technology solutions available today, it can be hard to know which ones will work best for your business. Also, the recruitment industry is changing and companies are adapting their hiring strategies accordingly to remain competitive in a tight job market.
This is where recruitment solutions come into picture. There is an increasingly popular trend of outsourcing several recruitment processes. Such hiring firms are well-known for their expertise in the hiring ecosystem thereby enabling employers stay competent in a fast paced hiring environment. They are also known to provide recruiter training and skill upgradation programs.
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