Have you noticed that a company that you have been applying to for various positions sends exactly same response each time?
Have you noticed that a company that you have been applying to for various positions sends exactly same response each time? Chances are quite often. Thanks to various technological tools that automate the shortlisting of the applications and reply on behalf of the company.
In today’s business world, there is rarely any sector that has not been touched by the technology and the recruitment industry is certainly no exception. The internet searches, scholarly journals, research papers and the think-tanks’ reports contain plethora of information that recognizes technological advancement as the next big revolution of the recruitment industry.
According to a Linkedin report on the Global Recruiting Trends 2018, the new trends that are transforming the way companies hire include, changing global mindsets, newer candidate assessment tools, data and artificial intelligence which is considered to be the new workhorse for the companies. It is apparent that all these trends are closely linked with the technology.
The report also suggests that hiring great talent is going to get tougher in the next few years. While the new jobs are emerging, the talent pool, however, is not getting any bigger. What makes it even more difficult to sustain the business is the increasing intense competition both in the traditional recruitment space as well as in the online recruitment market. In this scenario, adapting to technological advancement is one of the important ways for the recruitment companies to stay ahead of the competition.
The recruitment technological tools generally refer to the new software that are used to automate the hiring process. But it is not really new in the industry. The industry has been applying tools like HRIS (Human Resource Information System), ATS (Applicant Tracking System and RMS (Recruitment Marketing Software). With these tools, companies can easily accept online applications, resume, filter these documents and also help post recruitment in maintain employee records.
The recruitment automation, however, is going many steps ahead of the earlier technologies. Now there are tools that are integrating many functions of the recruitment process under one platform. These tools help in filtering, engaging, interacting and converting candidates into applicants. They also streamline the entire recruitment process, making it more efficient and faster.
According to industry reports, the bigger game changers are the artificial intelligence (AI) such as Chatbots, big data and virtual reality. Through AI, the recruiters can collect and analyze huge data. One of the key examples of AI in the recruitment industry is the Chatbot. The Chatbot can scrutinize gobs of CVs, ask questions and communicate with the candidates on behalf of the company. They can even match the candidates with the most apt job profiles based on their answers. This allows recruitment companies to perform these tedious tasks with more ease and efficiently. Similarly, the data analytics system helps companies to connect various data points and make a more coherent recruiting decisions.
These examples are just the tip of the iceberg. In this digital era, technology can be deployed by way of various aps to establish communication, collaboration and even employee well-being platforms.
We consider ourselves ‘forward-thinker’ in embracing technology. We make constant efforts to align ourselves with the industry trends and technological advancement. We have adopted the public cloud services as it provides more flexibility and agility, we already use biometric authentication tools to combat identify theft and fraud. Also, we are in the process of testing Augmented Reality to provide enhanced customer experience and trying to improve the robotic and natural language technologies to be able to offer best services to our BFSI, manufacturing, pharma and life science clients.
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