4 Significant Factors Disrupting the Recruitment Sector

By Published August 24, 2017
recruitment software

The new economic developments have given an unexpected rise in the job sector. This scenario has led job openings to the upwards direction in various segments. The current expansions have created a candidate driven market which will make talent search even more complicated for the employers and recruiters.

It’s relatable that hiring volume will increase in the following years to come. It means time-constrained recruiters will require improved recruitment software to empower their hiring process and streamline different segments of recruitment workflow which were impossible or complicated to perform.

Foreign investors have already made massive investments, and many other overseas companies are in the pipeline to invest in the country. As a result, companies have started recognizing the financial and social benefits of a diverse workforce. Thus, attracting talented, diverse candidates will be one of the priorities of the organizations in the future.

Subsequent points would bring the four game-changing recruiting trends into the light considering the inflating size of the businesses due to the FDI (Foreign Direct Investment) & current economic rise:

1) Workplace Diversity

A true workplace diversity is to value, accept, and understand the dissimilarities among the people who belong to the different skillsets, ages, genders, religions, and ethnicities.

A survey by Glassdoor says that 67% of the job seekers believe that diversity is a crucial aspect when they consider any job.

Why will workplace diversity be one of the significant trends?

Workplace diversity has become a necessary aspect of the organizations across all the zones. It becomes crucial for those who believe that diversity gives competitive advantage regarding different minds coming together and giving creative & productive outcomes. Recently, Society for Human Resource Management (SHRM) conducted a survey which reveals that

57% recruiters admit about their talent acquisition strategies which are devised to attract diverse applicants.

2) Artificial Intelligence (AI)

AI for recruiting is to give a problem-solving or automatic learning capability to the recruitment process. AI automates different portions of the recruiting, particularly large number of repetitive tasks. For example, screening resumes considering the required skills is a lengthy, tiresome and repetitive work. Pre recruitment software which applies machine learning makes it simpler and automated whenever any resume lands to the system.

Why will Artificial Intelligence be the show- stealer in the recruiting zone?

AI has already started disrupting a diverse range of industries including software, transportation, medicines, and consumer goods. On the other hand, HR metrics and data will influence the companies to upgrade their recruitment software technology to have a competitive advantage and improve the quality of hiring.

3) Bigger Hiring Demand

A survey by LinkedIn in the year 2016 on recruiting revealed that 56% of talent acquisition frontrunners believe that the hiring volume will rise.

Why will the following years see an inflated hiring and become one of the table-turner trends?

The country is already gaining the benefits from the current economic rise. If it continues, the recruiters will be busier than ever, and competition for the talent search will be even harder. It will lead to focus on how to improve the candidate experience in the entire recruiting journey.

4) Utilizing Available Data

Rediscovering the skilled candidates is the term which automatically screens applicants who applied for a previously available position and match them to a present requirement via the Applicant Tracking System (ATS).

Why will rediscovery of skilled candidates be one of the significant changes?

Recruiters receive a bulk of resumes through their ATS for high-end positions. Not all the applicants are recruited; only a few candidates see the onboarding. The majority of resumes never get an opportunity to be looked back again after they enter the ATS. With current HR technology, it’s possible to rediscover the talent through the available database. It’s believed that this trend would become more prominent in the future.

We will see striking transformations in recruitment software, pre-recruitment & post recruitment processes and the HR artificial intelligence segment. Companies need to adapt to the current technological flow and overhaul the overall recruiting operations to match the market standards.

Click here to learn more about recruitment technology including resume parsing software and Applicant Tracking System.

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