Despite significant technological advancements in hiring and recruitment, there has yet to be a major disruption that will revolutionize the industry. Currently, much of the HR team’s time is spent on mundane and unproductive tasks such as CV sourcing, screening, coordination calls, interview scheduling, feedback and offer management. However, the use of technology can minimize or eliminate many of these activities. In the future, we can expect technology to integrate the entire recruitment process from job posting to candidate onboarding and rehiring. Let’s explore the potential impact of technology on recruitment:
Job Posting and Social Media Distribution: An integrated system will enable companies to post jobs across multiple platforms with a single click and distribute jobs on social media platforms to reach a wider audience.
Artificial Intelligence and Machine Learning: AI & ML can eliminate unproductive activities such as CV sourcing, shortlisting, and candidate matching by using historic data to build predictive analytics. This will reduce turnaround time for hiring and improve conversion rates.
Process Standardization and Automation: An automation system can help HR teams schedule interviews, invite interviewers, automate emails and reminders, and leverage post-interview feedback in future candidate matching and shortlisting.
Candidate Tracking & Offer Management: End-to-end tracking of candidates will be possible through the system, and HR teams will be able to send, monitor, and cancel offers from the system. This will improve process efficiency and reduce the time to offer.
Recruitment Dashboard: A detailed dashboard with the ability to deep dive and analyze the effectiveness of the recruitment process can help identify areas for improvement and improve conversion rates.
Career Footprint: Technology can be used to map a candidate’s historic footprint, including their career trajectory, past performance, capabilities, skill sets, and value system. This data can help companies make informed decisions when hiring.
In the near future, technology will drive the entire recruitment process with a focus on quality over quantity. As technology continues to evolve, companies that embrace these tools will be better equipped to navigate the challenges of the future. However, an important question to consider is how to make this integrated system affordable and accessible to all companies. It is crucial to ensure that smaller companies are not left behind and have access to these tools to compete in the recruitment market.