Recruiting Trends With Data
Recruiting Trends With Data
Recruiting Trends With Data
Abstract: Technology Plays A Vital Role In Acquiring Manpower, Maximizing Every Stage Of The Hiring
Process. This Gives Justice To The Strategic Importance Of Acquiring Top Caliber Talent. Without The Proper
Utilization Of Technology, Hiring Can Become An Operational Bottleneck That Will Suppress The Growth Of
An Organization. The Technology Sources Used For Recruitment By Companies Are Social Media, Job Portals,
Out Bound Hiring, Social Networking, Emails, Messages Through Mobile; Telecalling, Etc. Are Commonly
Used For Targeting The Prospective Employee.
Currently, The Top Uses Of Talent Acquisition Data Are For Increasing Retention, Evaluating Skills Gaps And
Building Better Employment Offers, According To The Linkedin And Deloitte Study. The Analytics On Talent
Pools, Skills And Other Companies' Workforce Composition Is Important, So That HR Professionals Can Make
Smarter Decisions On Workforce Planning, Sourcing, Skills Development And Retention.
This Study Is On Understanding The Technology Usage In The Recruiting World, Technology That Is Currently
Automating Processes For Recruiters Are Projected, In Time, To Be Able To Learn What Jobs Are A Best Fit
For Particular Candidates. The Information Collected Is Through Published Articles For The Study.
Key Words: Talent Acquisition, Technology, Artificial Intelligence, Recruitment.
I. Introduction:
Talent Sourcing And Recruitment Face Tremendous Pressure. Talent And Skill Shortages Are
Widespread. Employees Are Demanding New Careers And Career Models. And Technologies And Innovations,
Including Cognitive, Artificial Intelligence, Social Collaboration, Crowds, And The Sharing Economy, Are
Reshaping The Workforce. Leading Companies Are Turning The Open Talent Economy Into An Opportunity
By Embracing Technologies And Developing New Models That Make Innovative Use Of On- And Off-
Balance-Sheet Talent Sources.
Attracting Skilled Resources Is No Longer Simply The Responsibility Of HR. It Now Stands As A Top
Concern Of Business Leaders, Ranking Third In Survey This Year.
More Than 8 In 10 (83 Percent) Executives Say Talent Acquisition Is Important Or Very Important.
Finding Talent Both On And Off Balance Sheet Has Moved Far Beyond Traditional Recruiting To
Encompass The Broader Scope Of Talent Acquisition (TA). Once The Sole Domain Of HR, TA Now Involves
Multiple Teams Across The Organization. Adding To The Complexity, The Accelerating Pace Of Technology
Offers A Dizzying Array Of New Solutions, Even As The Nature And Sources Of Talent Markets Continue To
Shift. Current Platforms Struggle To Adapt Because Many Are Too Old To Integrate Emerging Technologies,
Capabilities, And Needs.
Recruiting Is Becoming A Digital Experience As Candidates Come To Expect Convenience And
Mobile Contact. Savvy Recruiters Now Have Access To New Technologies To Build Connections With
Candidates And Strengthen The Employment Brand. In Today‘s Transparent Digital World, A Company‘s
Employment Brand Must Be Both Highly Visible And Highly Attractive Because Candidates Now Often Find
The Employer, Not The Reverse. To Leverage This Interest, Companies Are Intensively Managing Their
Employment Brand, Which Can ―Pull‖ Candidates Toward Them.
Creating An Attractive Employment Brand Involves A Complex Mix Of Forces. One Major Factor Is
The Overall Workforce Experience, Which Requires High Levels Of Engagement And Strong Career
Opportunities. In Fact, Outreach Campaigns To Educate And Attract Candidates May Be Just As Important As
Customer-Focused Advertising. Heineken, For Example, Developed A Series Of Unconventional Videos And
Web Interviews To Highlight The Employee Experience And Set The Company Apart.
Employers Must Also Reconsider How They Communicate Their Value Proposition To The
Workforce. Dell‘s Global Talent Brand And Tools Team Completely Redesigned The Company‘s Global
Career Websites To Include Consistent Messaging And Images. The Team Also Launched A Job Search
Optimization Site And An Aggressive Campaign Of Candidate-Focused Content Featuring Blog Posts And A
Wide Range Of Videos. These Were Posted On The Company‘s Career Sites, Its Youtube Channel, And Other
Employee And Candidate Focused Sites, Such As Glassdoor. The Videos, Which Included Employees Talking
About Their Experiences At Dell, Reached A Wide Array Of Social Networks.
The AI Technologies Listed Below Fall Within One Of Seven Of The Maternity Levels Of Artificial
Intelligence Which According To Roy Wang At Constellation Research Include: 1) Perception, 2) Notification,
3) Suggestion, 4) Automation, 5) Prediction, 6) Prevention And 7) Situational Awareness.
Incorporate AI And Machine Learning Into The Screening Process To Reduce Unconscious Bias
With AI, Unconscious Bias Is Removed; Things Like Gender, Race, Language And Other Factors Are
Not Considered In The Short Listing Process. AI Can Automate The CV Evaluation Process At Scale,
Analysing Hundreds Of Cvs In A Fraction Of The Time It Takes A Human Operator. Furthermore, It Can
Automatically Categorise Candidates Based On The Provided Job Spec. Similarly, Chatbots That Utilise Natural
Language Processing (NLP) Are On The Rise.
Intelligent Automation: These Systems Use Collected Data To Analyze New Information And Make
Decisions. All Of This Is Done Autonomously, Saving Administrative Investments.
AI Recruiting Assistants: These Systems Automate Communications With Candidates, Lowering The
Administrative Time Needed To Interact With Potential Hires.
Intelligent Recruiting Software: AI Screening Tools And Software Packages That Automate The Resume
Reviewing Process. These Tools Use Machine Learning To Understand The Company‘s Hiring And
Employment Data Allowing The Recruiters To Better Understand The Applicant And Make More
Intelligent Hiring Decisions.
Digitized Interviews. Interview AI Analyzes Common Facets Of The Interview Process, Such As Video
Interviews, To Understand The Intangible Human Qualities (Facial Features, Word Choice, Voice
Inflection, Etc.) That Can Better Predict Candidate Fit. What‘s More, This Technology Can Assess A
Candidate‘s Ability To Perform Job Duties By Simulating Customer/Client Interactions, Measuring The
Applicant‘s Empathy And Attention To Detail.
AI Recruiting Assistants Automate Communications With Candidates, Lowering The Administrative Time
Needed To Interact With Potential Hires. Depending On Their Features, These Assistants Might Answer Policy
Questions, Schedule Meetings Or Interviews And Even Screen Resumes. However, There Are Negative Effects
Of Using AI Recruiting Assistants.
Digitized Interviews
Interviewing Via Online Tests And Assessments Has Been A Welcome Process For Many Recruiting
Teams. However, Candidate Interviews That Use AI Take Those Assessments Further. Interview AI Uses
Techniques Like Video Interviews To Capture The Intangible Human Qualities (Facial Features, Word Choice,
Voice Inflection, Etc.) To Predict Candidate Fit. Even More, This Technology Can Assess Candidate‘s Ability
To Perform Job Duties By Simulating Customer/Client Interactions, Measuring The Applicant‘s Empathy And
Attention To Detail.
Pros Of AI Interviewing:
Assess Candidates For Potential Performance
Provides Data-Backed Decisions
Avoids Hiring Bias And Promotes Diversity
Lowered Administrative Time Investments
Can Evaluate Candidate Based On Body Language
Cons Of AI Interviewing:
Cannot Completely Account For Varied Personalities And Habits
Potential To Overlook Cultural Fit
Lack Human Judgment Capabilities And Emotion
Can Leave A Less Personal/Friendly Feel
Could Misread Candidate Intentions
Possible Technical Failure Could Damper Candidate Experience
Thus Artificial Intelligence Presents Recruiting And Hiring Teams Massive Amounts Of Opportunities.
Automating Mundane Talent Acquisition Processes And Eliminating Repetitive Motions Is Possible With The
Advancing Technologies. However, With Each Possibility, There May Be Limitations To Take Into Account.
As The Dissection Above Shows, Human Interactions Are Still Key To Making Smart Decisions And Personal
Connections In Recruiting. Though Interactions Are Quicker, It Is The Human Recruiter Who Can Best Identify
A Good Hire.
Only The Power Of People Can:
Strategize The Correct Candidate Experience: AI Can Interact And Answer Questions, But It Cannot Bring The
Warmth And Individualized Candidate Experience.
Build Relationships With Candidates: AI Will Ensure Candidates Aren‘t Left In The Dark After Each Step, But
Technology Cannot Engage With Candidates In A Human And Personal Way.
See Beyond The Resume: AI Can Accelerate Reading And Assessing A Resume, But Only A Human Can Understand
The Person Behind The Keywords And Semantics.
V. Conclusion:
As Time Goes On, The Recruitment Process Will Become Ever More ―Smart‖ As Recruiters And
Hiring Managers Utilise AI, Machine Learning And Data Analytics To Get A Complete Understanding Of The
Candidates They Engage With. Candidates Will Be Engaging Via Mobile Devices And Receiving Tailored
Responses From Intelligent Chatbots. Of Course, AI Will Not Replace The Human Operator, But It Will Help
To Make Recruiters More Effective At Talent Acquisition In The Future.
Accelerating Digital, Video, And Cognitive Technologies And Ever-Increasing Transparency Are
Quickly Changing How Recruiters Find And Court Skilled Employees. Rather Than Continuing To Focus On
Sourcing And Selection, Recruiters Are Now Relationship Builders And Managers. They Are Looking To
Enable A Positive Candidate Experience For New Employees—A Task That Requires Both New
Responsibilities And New Skills.
Savvy Recruiters Will Continue To Embrace New Talent Acquisition Technologies And Hone Their
Relationship-Building Skills. Indeed, This Is The Promise Of Cognitive Recruiting. As AI And Other
Technologies Take Over The Basic, Time-Consuming Tasks Of Sourcing Candidates, Human Jobs Will Shift. A
Recruiter In This New World Can Add Value By Building Psychological And Emotional Connections With
Candidates And Constantly Strengthening The Employment Brand.
References:
[1]. Https://Blog.Rpoassociation.Org/Blog/The-Impact-Of-Technology-On-Talent-Acquisition
[2]. Https://Blog.Wcnsolutions.Com/Candidate-Fit-Outsmart-Your-Competitors-With-The-Right-Ai
[3]. Https://Www.Recruiter.Com/I/Effective-Talent-Acquisition-Through-Technology/
[4]. Https://Www.Shrm.Org/Resourcesandtools/Hr-Topics/Talent-Acquisition/Pages/Technology-Will-Reshape-Talent-Acquisition-
2018.Aspx
[5]. Https://Workology.Com/30-Talent-Acquisition-Technologies-That-Use-Artificialintelligence/
[6]. Https://Www2.Deloitte.Com/Insights/Us/En/Focus/Human-Capital-Trends/2017/Predictive-Hiring-Talent-Acquisition.Html
[7]. Https://Www.Peoplematters.In/Article/Technology/Technology-Enhancing-Hr-Performance-14682
[8]. Strategically Alligned: The 2012 Workforce Planning And Talent Acquisition Guide, Careerbuilder.Com, 2012. [19] A Tyagi,
Effective Talent Acquisition Through E-Recruitment: A Study, International Journal Of Multidisciplinary Research Vol.2 Issue 3,
March 2012.
[9]. N Jungegård, P Wilkorsz, A Gupta, A Study Of Recruitment And Retention Strategies Of Swedish Firms In India, Working Paper
No:385, Indian Institute Of Management, Bangalore, November 2012.
[10]. H Rudd, D Williams, Talent Acquisition In A Changing World‖, Recruiters Hub Conference, New Zealand, 2012.
[11]. The Shortest Path To Better Hires: Best Practices For Employee Referral Programs‖, An Oracle White Paper, January 2013. [23] M
Oslin, Talent Acquisition: How The Process Of Attracting And Hiring Employees Has Changed, November 2013. [24] J Bersin,
Predictions For 2014: Time For Innovative And Integrated Talent And HR Strategies‖, Deloitte Consulting LLP, December 2013.