In the wake of the COVID-19 pandemic, industries across the world have experienced uncertainties, and the recruiting industry is no different.
The global health crisis caused by the pandemic has transformed the hiring process. How will talent recover when the pandemic is over?
As the crisis continues to sweep nations after nations, businesses are seeking efficient ways to stay and maintain productivity. Managing the workforce and maintaining workload is no joke for top HR leaders. Businesses are still fighting and looking for ways to manage and retain talent. In fact, most businesses have started rethinking their hiring strategies – from hiring the talent to onboarding. Around 75 percent of the senior human resources managers came up with a new approach to remote hiring. Although there’s uncertainty as to when this pandemic may end, one thing has been cleared for sure i.e. companies have started implementing digital transformation and have adopted the technology.
Technology adoption may be the best choice to opt-in in the present day.
Why? Hiring practices have been easy with technologies like AI and automation coming to the forefront. The past seven months is proof of how technologies can boost hiring practices even during times like these.
For instance, we now have nearly 24 percent of the businesses using AI for recruiting. And this number is likely to increase 2x by next year.
While we’re still living the remote work life, let us further discuss how HR technology is transforming recruitment.
- Ensure employee engagement and retention
As organizations move out of this pandemic, they will seek candidates with relevant skills within the first round itself, thus minimizing hiring risks. This will help employee retention while driving business toward the pinnacle of success.
You may ask, how will technology play their part in this? Well, technology will not only help employers screen the necessary skills for a particular job role but will also ensure the candidate possesses soft skills. Candidate screening tools will play a major role in identifying the right fit for the organization.
- Manage and filters talent pool
With almost all major companies turning to work from home, competition remains at an all-time high with a larger pool of candidates to select from. The number of candidate resumes that have been piled up can easily bog down the recruiters’ time, thus creating unwanted wastage of time.
With the help of AI and automation, screening resumes could easily be done. For instance, a platform called OutMatch’s talent selection is said to filter data within no time, this normally takes four days to complete. As a result, this gives the talent acquisition team a better outreach to grow their ROI 25x or even higher. With remote- working on the go, implementing AI as a tool is an ideal choice for top HR leaders and talent managers.
- Provides stronger candidate experience
A traditional method of talent acquisition is time-consuming and demands a lot of the recruiters’ unwanted attention. With the help of virtual assessment, automation, and digital interviewing processes the hiring processes for both the candidate and the employer could easily be solved. This can lead to better employee engagement and can build up the efficiency of the candidate.
Not only will AI and automation ease the time for the recruiters, but also gives them the better privilege to put their focus on much more productive factors.
- Removes unconscious bias
Companies need to look for technology that will eventually improve their decision-making process by adding data and predictive models. The candidate will not be judged by their race, gender but by their skills and capabilities.
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