Recruitment Industry Trends in 2017: Technology is the Role-player

By Published June 29, 2017
staffing solutions and recruitment trends

The current economic and political conditions, along with technology, have collectively influenced the staffing industry. The outcomes of the business relationship with the US after the newly elected president, GST (Goods & Service Tax) and more flexible FDIs (Foreign Direct Investment) policies will indeed penetrate how organizations handle their workforce. As per a report, GST will lead to an 11% increase in hiring across zones. However, 2016 has already been a game-changer for the recruitment industry, 2017 would also experience a high-voltage change.

Recruitment Industry Trends

All the changes will be crucial, but you should know the most likely trends first. The following paragraphs would highlight the top 5 trends in recruitment industry which are expected to be pushing the industry upwards to achieve some higher milestones:

#1. Increase in Temporary Workforce

The era of temporary employees has already begun. More and more companies are trying to attract and retain the best possible temporary talent. The sudden increase in staffing solutions is a testimony of amplified need of temporary workforce. On the other hand, technology has enabled companies to hire remote employees who can easily work on flexible terms. Of course, the demand for permanent employees is no lesser, in fact, it has also increased altogether. But, the rise in the demand for contractual staffing is quite significant.

“As per Staffing Industry Analysts report, Indian Staffing Federation is likely to grow 10% in 2017 -18.”

#2. HR Data for Actionable Understanding

HR data is substantially playing a vital role and companies have understood its importance. HR data cannot only be lucratively used to find candidates, but it also helps to engage with them during the recruitment. In opposition to general theories, HR Data can indeed make the humanistic approach towards candidates. It allows HR to adapt their tactics based on work history and behavioral outlines. It would considerably build a competent HR system and improve employee retention built on behavioral data. The real task would be to discover techniques and methodologies to convert statistics into practical understandings.

“Companies with ‘best in class’ talent management programs are 26% more likely to be using performance management software.”

#3. Video Interview as a Revolution

LinkedIn is already a popular social platform for most job seekers and recruiters. But, there is a sudden increase in the other social channels such as snap chat and Instagram which would make video content more in demand. Recruiting software would be more equipped with capabilities to conduct video interviews and analyze video profiles. Applicant tracking systems would be capable of supporting social recruiting impeccably.

“An astounding 90% of respondents plan to use paid video software in 2017.”  source

#4. Positive Side of Artificial Intelligence

Technology is constantly evolving which would create more connectivity between candidates and recruiters. Also, AI (artificial intelligence) has already entered the arena of HR domain. But, there is a fear associated with AI implementation which is creating a fear for extreme experimental and emotionless environment. However, the integration of automation to the system is not always a negative characteristic of technology. On the contrary, it would take away the burden of difficult and heavily resource oriented organizational responsibilities offering hiring managers opportunity to engage in a more promising way with potential candidates.

“Investment in AI has accelerated from $282 million in 2011 to $2.4 billion in 2015, a 746% increase in five years.” source

#5. Mobile is the Future

While accessing data has gone mobile, the struggle to attract the right talent would now be more focused in the mobile zone. Companies which are looking to fill entry and mid-level job positions need to optimize mobile friendly content and careers page. Moreover, they need to represent data to be accessible by Millennials neatly. The key factors for staffing solutions companies would be mobile applications and improved user experiences in 2017.

“64% of employees say their mobile devices make them more productive in the office.”

“59% of job-seekers used social media to research a company’s culture before applying.” source 

Probably, we see an overwhelming transformation in the future. It would be interesting to see how human intelligence takes HR technology to another level in next five years.

***Statistics are derived from americanstaffing.net and Forbes.com.

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