During the old days, the HR department only managed the people in the office. In today’s time, the role of the HR department has become crucial. This shift in importance only happened when companies started realizing the contributions of the HR department in creating a high-performance work culture that can help achieve the goals of the company.
This is exactly where technology comes in – today, we have a wide range of tools and programs specifically developed to help HR professionals hire the right people and improve their hiring strategies.
Not only a buzzword, but HR technology has also become a fundamental requirement. The business environment has become very competitive and intense today and will only favor the fittest. Hence, brands and companies are using the best technology has to offer to improve the effectiveness of HR management.
In this article, we will primarily look into how technology today has affected recruiting.
How Technology Has Affected Recruitment And Hiring?
Here are the ways how technology has positively affected recruitment and hiring:
1. Better Productivity
As we already know, higher productivity will lead to better economic growth. As you keep producing more, the more you will be able to sell and increase your profits. With the help of technology, you will be able to cut down the time taken to complete different types of tasks.
For instance, automation is one such technology that helps save time and effort. With the help of this tech, you will be able to delegate tasks, manage emails, and streamline social sharing automatically. Additionally, your data will be compiled and organized with no human intervention.
Simply by cutting down the number of menial tasks and repetition, you will have a lot of time. For instance, SignalHire is one such recruitment tool that will keep importing the necessary profiles and contacts to the software. Additionally, the program will also narrow down the list of needed candidates by filters allowing you to deal with a mountain of everyday routines.
2. Better Hiring
It often looks bad on your part as an HR to go through the entire hiring process only to see them quit in a couple of months. This significantly increases the turnover costs. Based on studies, it has been found that you can save nearly $1.3 million in net by avoiding bad hires.
With the help of the latest recruitment technology, you will be able to avoid bad hires during the candidate selection process. Various sources of potential employees show the ones that have the tendency to keep changing companies in a few months. They also usually have a huge database of contacts and social networks of candidates.
Most candidate tracking programs use resume parsing technology. This feature will extract the required information from the candidate’s resumes and change it to a common format. With the help of the final list, you will be able to compare the qualifications of the candidates and discard the ones that do not fit the bill.
Additionally, technology has made reaching out to potential job candidates easier. Whether you use an email system, a job board, or even social media, communication has become much faster than calling the candidates and going through the entire interview process. With the help of tech, you can now save the face-to-face meetings for quality candidates that can be good matches for your company.
3. Become More Strategic
Similar to other aspects of a typical business, you will have to formulate a plan to manage all the tasks required for a successful recruitment process. Tech-related analytics will help you measure the success of your hiring strategies. If there is something wrong in your hiring strategy, you will be notified about it so that the required changes can be made quickly.
Right from searching for the right job candidates to offering the job role, the right technology can help you measure several metrics. For instance, recruitment analytics can help you answer the following questions:
- 1. Where do the candidates belong from?
- 2. What is the average time taken to hire an employee?
- 3. What is the status of the candidates during the hiring process?
- 4. What is the number of candidates that have accepted the current job role you are offering?
With the help of technology, you will be able to measure, track and apply analytics on nearly all the processes included in recruitment. This way, you will stop wasting money and time on practices that seem to be failing. You will be provided the numbers to measure which strategies are working best for you. You can also create strategies backed by data to improve the selection process and recruit the best individuals for the job.
4. Reduction Of Human Error
One of the most important benefits of using technology in the hiring process is reducing human error. As humans, our decisions are driven by different biases and issues (intentionally or mistakenly), like age, race, gender, etc., more than experience or merit. Most HR professionals are known to make impulsive decisions, which results in errors and hiring the wrong people for the job.
These biases are why the HR professional may make unfair judgments against a particular candidate or group. When you use a technological tool for the hiring process, you eliminate the human element from the decision-making in the first stage. This ensures that all candidates go through a standard hiring procedure that will help the HRs make accurate and valid decisions when it comes to hiring.
What Are Some Tools Typically Used For Hiring Today?
Employers and recruiters use a wide range of recruitment tools to select the best candidates. It is recommended that you use such hiring platforms to end up hiring the right people for your company. Some common types of tools and programs used by recruiters include:
1. Applicant Tracking System (ATS)
The Applicant Tracking System, or ATS, is a program that will share a snapshot of the candidates that have applied for an open job position or let the recruiter know about the stage they are in the selection process. Most hiring tools utilize SaaS technology to track the applications of the candidates quickly.
2. Video CV
There are various types of jobs where the candidate is required to have good communication skills, like tele callers, customer care representatives, etc. Instead of spending hours talking to different candidates, you can simply ask them to forward you their video CV. This way, you will be able to pick the right candidates based on their body language and communication skills before you can call them for the next interview round.
HR professionals can’t read through hundreds of resumes and CVs throughout the day. Therefore, you can use hiring programs to help filter the CVs and resumes and organize them according to your requirements. Most of these tools utilize AI technology to sort the resumes based on different criteria like education, last job position or company, total work experience, etc.
4. Automatic Response
There have been instances where the candidates have often forgotten about a specific job or may have lost interest in it because they did not receive a confirmation from the HR professional. Most hiring tools and apps today offer automated responses where the candidates will keep receiving updates as they keep completing each step of the recruitment process. This way, the candidates remain vigilant about their position in the hiring process, and you will have a higher job offer conversion.
As you can see, technology plays a vital role in recruitment and hiring today. These tools have been designed to automate menial tasks and reduce human intervention. If you have any questions regarding this article, please drop them in the comment section below.