The Future of Recruitment Technology: 6 Top Trends
Modern recruitment technology will take your hiring process to the next level.
As the Great Resignation still lingers, modern technology has never been more crucial to recruiting. “Modern” is a key term here since even widely used tools can be outdated.
The answer: job seekers want a faster, complete hiring experience – which naturally calls for updated tools and processes. “The problem is, most employers simply aren’t listening”, says a new study from The Josh Bersin Company.
Proof of that is the typical yet old-fashioned “post-and-pray” approach to recruiting. “Companies advertise open opportunities, primarily on job boards like Indeed. Then they cross their fingers and hope that people apply,” said the team from hireEZ in an article for TechCrunch.
Fortunately, the favourable emergence of AI-powered tools is ready to turn the recruiting industry around.
“Recruiting talent for your business can be a time-intensive process. Hiring solutions powered by technologies like artificial intelligence (AI) and machine learning promise to change that,” said Global Recruiting Leader Amy Schultz in one of her bold predictions about recruiting in 2023.
What is Recruitment Technology?
Recruitment technology involves a tech stack that can automate and optimise the hiring process across all stages. Recruitment agencies will significantly benefit from modern tools and automated systems.
By reducing essential metrics like time-to-hire and cost-per-hire, the right tech frees up recruiters to better communicate with, interview, and manage ideal candidates. This way, recruiting professionals can provide the complete experience candidates deserve.
How Recruitment Technology Has Changed the Hiring Process
Tapping into hidden talent pools is a challenge. Thankfully, modern technology is changing how recruitment agencies find and keep previously inaccessible talent.
Recruiting technology relies on data-driven choices, leaving little room for biasedbiassed decisions. Besides allowing recruiters to select candidates based on their proven skills, bias removal makes for effective implementation of Diversity, Equity, and Inclusion (DEI).
While some tools have a learning curve, this process can be offset by a measurable uptick in efficiency, a drastic cut in costs, and a praiseworthy candidate experience.
6 Latest Recruitment Technology Trends (and How They Should Fit Into Your Recruiting Tech Stack)
AI should be the #1 feature in your recruiting tech stack. From now on, it promises to be your hardest-working recruiter.
This promising technology has revamped traditional tools by decreasing the workload associated with mind-numbing tasks. AI’s automation functionality can upgrade your entire process from sourcing to onboarding (and everything in between).
Plus, ATS software isn’t the only tool that AI has improved upon. Artificial intelligence is present in a lot of the systems you’re familiar with, including:
Recruitment CRM Systems
Recruiters can meet their best candidates in online channels where they’re more engaged and responsive. But that’s easier said than done – especially when using traditional CRMs.
The web is a massive blob of job boards and social channels, and not all those platforms will attract all-star candidates. Besides, traditional CRMs aren’t specifically useful for outbound recruiting.
AI-powered CRMs, in turn, will automate the entire sourcing process and draw talent from broader databases and directories. So that recruiters can reach talent from all corners of the web while doing a fraction of the work.
Programmatic advertising is currently one of the hottest buzzwords in the industry for a reason. The best recruiters want to get their job ads in front of the right candidates at the right time. Bonus points if the process doesn’t use up their funds.
“Programmatic advertising seeks out viable candidates and targets them on various channels until the message elicits the desired response – a completed job application,” reads the Recruiter.com blog.
Smart recruiting counts on programmatic advertising’s AI capabilities to optimise job advertising, distribution and targeting – without blowing the budget. So that recruiters can focus all of their available resources on their most promising hires.
For a long time, chatbots were synonymous with boring automatic messages that led to ineffective communication. Unfortunately, some tools still favour this reputation.
Regardless if a chatbot “works 24/7,” candidates still need their questions answered. “This lack of communication can render people dehumanised and fatigued, and it can leave them with a negative view of companies, according to HR Manager and Talent Expert Vivek Balokhra.
As for AI-powered chatbots, they offer a conversational approach that isn’t limited to pre-programmed questions. This way, only more complicated questions require ringing the support team. AI should handle (almost) everything else.
Especially for recruiters with a large number of remote candidates to review, video interviews can be a great time-saver.
Tools like AI-powered video interviewing are effective in analysing factors that a human interviewer alone couldn’t grasp. These include how much eye contact a candidate makes, their sociability levels, as well as their amount of professionalism.
Plus, with robust pre-screening and shortlisting capabilities, a tedious pre-interviewing process will no longer be in your nightmares.
Resume Reformatting Technologies
The best resumes aren’t only easy to parse but also highlight the candidate skills companies are looking for. Plus, the ideal resumes should reflect the recruitment agency’s branding.
A tool like Allsorter ticks all of those boxes. It uses AI to speed up resume reformatting and boost your agency’s branding. Each resume that goes out of your agency meets your clients’, your candidates’, and your needs simultaneously.
How These Recruitment Technologies Aid Your Recruitment Efforts
AI-powered recruitment technology is a remarkable turnaround from outdated, arduous processes.
What’s more, it gives agencies a massive leg up on the competition. The Josh Bersin Company reports that “those who leverage a variety of digital-hiring solutions, such as online assessments, virtual interview platforms, and pre-hire chatbots, are twice as likely to attract and recruit the right talent.”
Have the prayers of exhausted recruiters and job seekers been answered? In part, yes. For best results, however, recruiters need to stay informed about the latest tools that could aid their efforts.
The Need to Stay on Top of Recruiting Technology
The more updated you are on modern recruiting tools, the better you’ll get at identifying which are helpful in your process – and which are overkill.
Although you’ll never learn everything about recruiting technology, there’s no shortage of information to add to your toolkit. And a recruiter who stays updated is the one who wins the talent race.
All in all, get ready to add more to your recruitment tech stack as technology evolves. As a bonus, be sure to read Allsorter’s blog to gain competitive knowledge in recruiting.
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