Mrinmoy Rabha — January 17, 2020 As the new age world is advancing from brick and mortar to e-commerce, roles that were unheard of a decade back are now pivotal in today’s organizational structure. Without any doubt, recruiting talents who can fulfill new roles becomes the most crucial stage that can make or break an organization.
With the advent of modernization, companies are now evolving with their ways of recruitment, leaving behind the primitive techniques. The age-old ways are complicated, time-consuming, and quite a hassle. You won’t be able to find that convenience factor with the primitive methods. Neither they are as effective as the modern techniques are.
While the new methods need proper planning and execution, they are also helpful and profitable for an organization in the long run.
With that being said, let us have a look at a few statistics that can be eye-opening for you and your company while recruiting.
Some Eye-Opening statistics to look out for:
- 72.8% of employers are having a difficult time finding skilled candidates.
- 45% of employers are concerned about finding employees with the necessary talents.
- Employer response time is what 69% of candidates would most like to see improved.
- It takes an average of 27 working days to acquire a new hire.
- Of recruiters, 45% are having difficulty filling positions due to a shortage of talent.
- Social media sites are becoming a standard recruitment tool. At least 84% of organizations are currently using social media for recruitment.
- 55% of job seekers who read a negative review decided against applying to that company.
We can agree on one fact that organizations make face difficulty when it comes down to selecting and hiring the right person for the job.
But with the advent of technology, talent acquisition has become more accessible, and the quality of hire has improved.
The critical step for an organization is to improve and boost its strategy for hiring by building a coherent and proactive approach. To pull in the sea of talent out in the corporate world, you need to strategize your hiring process in such a way that it is modern, systematic, and practical.
But does your organization have the correct strategy to attract the most exceptional candidate?
If not, then let us have a look at some of the strategies that you need to focus on.
Modern Recruitment Strategies:
Use of Applicant Tracking System (ATS):
ATS has been in existence since the 1990s, but early systems could only track the number of resumes and inquiries coming in. Now with advanced technology, it has more functionality into areas such as skills-matching, posting an advertisement in social media, and resume parsing.
ATS helps the recruiter to create a specific parameter according to the job description. It then helps the HR to select top matched talents who have applied for the job, thus making the recruitment process easy and convenient. Recruitment departments need to make the most out of their ATS’s, not just when in the lookout for talent but to capitalize on the talent that already resides in the system.
Mobile Recruitment Tools:
It is the age of smartphones, and with the rise of it, organizations are shifting to mobile platforms and social media for talent acquisition. With mobile tools, it becomes easier for the applicants to browse through their desired job. Features like text alerts enable employees to submit their resume when their desired company posts an appointment online. An extra added element of mobile platforms is that it is portable. Candidates can apply for their desired jobs from anywhere and at any time. These platforms give them the freedom to filter their search according to their area of expertise and make their position secure for further selection.
And with the help of social media, like LinkedIn, employers can sort out candidates according to the job description and approach those who fit the most for your company.
To make a mobile tool work, it needs to be optimized according to the functionalities of a smartphone. Thus, to increase your chances of landing a top talent, you must improve your mobile recruitment strategy to make the best out of it.
Artificial Intelligence:
Artificial intelligence has grown and developed in recent years and has played a crucial role in recruiting top talents. We can expect AI to take up the center stage as we go further into the digital age. The best way to ensure success in any business is by bringing in the right people on board, which will give you the necessary foundation that you need.
52% of talent acquisition leaders say the hardest part of recruitment is screening candidates from a large applicant pool. Artificial intelligence will be able to detect recruiter databases to bring up resumes that match job specifications, speeding up processes, and eliminating human bias.
Video Interviewing:
Companies have been trying out different ways where they can cut slash the hiring budget. Technological advancement has led recruiters to opt for video interviewing because it is one of the easiest ways to conduct an interview. It saves time and money for both the employers and the interview candidate as well.
Video interviewing can pick up on subtle emotional clues and body language. Although this should not replace face-to-face interviews, its speed and convenience allow candidates who have geographical restrictions to appear for the interview.
Cloud-Based Technology:
Recruitment has evolved with time and advanced in ways where companies have to strategize their policies to compete in this vast market of talent hunting. Cloud-based technology is something that an organization should instill in their organization and keep on optimizing it with the changing needs of the workplace.
This technology provides a vast database of candidates to recruitment companies, along with easy accessibility and flexibility. And the added advantage of using cloud-based technology is its ability to integrate seamlessly into the existing recruitment systems and its adaptability to mobile technology.
Cloud-based technology has proven to be a blessing for companies with remote working policies. Using this tool, they can acquire talent from any part of the world for positions that do not require candidates to be on-site for the job. It has given companies scope to reach out to top talent within their industry, removing previous location restrictions. Technology has made remote working possible and helped companies substantially reducing their hiring costs.
By doing so, organizations can optimize their talent search and work on picking out the best talents.
Summing it up:
In the present era, very few companies have opted for technological advances in recruitment and are sticking with conventional ways. The major problem lies with the understanding of the elements and the means to implement them. As recruitment is changing and transforming with digital advances, it has become necessary to hire employees that have the right skills and the required knowledge. So, improve and strategize your approach and see the healthy outcome it brings to your organization.
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