Recruiting a new candidate requires a lot of effort, resources, time, and money. But what if you can have a system that can help you reduce the time and cost of your hiring process by half? Is it possible? Yes, it is. Over the years, HR technology has been helping HR fraternities to improve their HR processes- be it storing employee information or processing the payroll. But now you can also utilize HR tech to hire new employees without hassles. The role of HR technology in recruitment increased as soon as the pandemic hit the world.
According to Monster’s latest research shared in the Future of Work 2021 Global Outlook Special Report, with the shift to remote work and the decline of in-person activities, virtual recruiting became imperative during the pandemic. 70% of U.S. recruiters leveraged virtual technology to interview half of the candidates and onboard new hires, while another 35% said that at least 75 percent of their recruiting practices were virtual.
The processes or systems that once used to be options have become a necessity today. Using technology or systems such as an Applicant Tracking System (ATS) to manage your hiring and onboarding process is no longer an option but the need of the hour. From automating manual processes to identifying the candidates with the right skill sets, the role of HR technology in recruitment is indispensable.
HR technology has clearly simplified the recruitment process and here’s how:
You can publish one job to multiple platforms
Imagine reaching out to millions of candidates by distributing your jobs on multiple platforms. Sounds dreamy, right? But it is possible. Today, there are many platforms such as Linkedin, Glassdoor, Indeed, Naukri.com, etc. that help recruiters reach out to prospective candidates. Listing jobs manually on all these platforms can be tedious and can eat up a lot of time. This is where an applicant tracking system comes into the picture. With the help of an ATS, recruiters can easily publish a job on multiple platforms in one go. This helps them reach a wider pool of candidates without putting in much effort.
Spotting the perfect fit has become easy
HR technology is helping recruiters to overcome their hidden biases to promote diversity and inclusion in the workplace. Recruitment technology has replaced intuition-based hiring. The integration of technologies including AI, machine learning, and data science ensures a standardized one-for-all selection process. Technology makes it easy to drive an unbiased evaluation of candidates which ensures that only the person with the right skill set joins the company. An ATS filters out the eligible candidates from the non-eligible ones by ranking candidates based on their skill sets and industry experience. This makes it easy to identify and shortlist only the best candidates.
Hire candidates from all over the world
According to a survey conducted by Linkedin, remote jobs result in over 20% more geographical diversity among job applicants. Before organizations made the transition to work from home or hybrid work models, choosing candidates from the immediate locality was a norm. But technological advancements have made it extremely easy to hire people from across the globe. Backed with advanced tools such as videoconferencing, recruiters can connect with candidates from any corner of the world and conduct interviews without any hassles. HR technology is reducing the geographical barriers to talent hunting and acquisition.
Automated Interview scheduling
The role of HR technology in recruitment is vast. From job listing to distribution to screening candidates to scheduling interviews, technology, without any doubt, improves the hiring efficiency by 2X. An applicant tracking system not only helps recruiters share automated calendar invites to the shortlisted candidates, but also sends automated reminders to candidates that prevent no-shows and candidate frustration. The system is generally integrated with Google Calendar that adds the event to both candidate’s and recruiter’s schedules.
More accurate skill assessment
You can’t judge a person solely based on his/her resume. There are a lot of other factors to consider while hiring a new employee. You need to analyze the skills and competencies of the candidates for hiring the perfect fit and you can do so with the help of modern recruitment technology. Using AI-based assessment tools, employers can track a candidate’s progress and time spent on a task to test a candidate’s ability to work in a high-pressure environment. Skill assessment technology enables recruiters to evaluate candidates based on both soft and technical that are most relevant to their job role. This can prevent unconscious biases that can come with screening candidates using their CVs or resumes.
Final Words
So, this is how HR technology is helping organizations simplify the recruitment process.
Finding a qualified candidate is a dream for many recruiters and hopefully, modern recruitment technology can help them bag one. HR technology not only improves the hiring efficiency but also offers a positive candidate experience and streamlines the recruitment process. So what are you waiting for? Opt for the system or tool that can help you optimize your recruitment process because that’s what you need now.
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