When we think of hiring, our minds are thinking about processes like—identify vacant positions, develop JD, post openings, collect/screen resumes, conduct assessments, shortlist candidates, check backgrounds, send offers, and begin onboarding, right?
In that case, how come some organizations stand out in terms of attracting top talent?
These companies do something different from the normal recruitment process. For them, it is about enhancing the hiring process with changing technology and rising needs of diversity in a workplace.
In this blog, we’ll find out about transforming recruitment processes with innovative HR technologies, diversity, and modern strategies.
Without waiting any further, let’s begin!
What is the latest technology in recruitment you should watch out for (and adopt)?
If a human could scan through 10s of resumes at a time, tech can help him/her scan through 1000s of them in very less time. Technology in recruitment doesn’t stop at just picking the right candidate among the crowd, but through all other aspects of hiring as well.
Let’s review some of these hiring-related tech innovations:
Applicant Tracking Systems (ATS)
From Netflix to Digital Ocean to giants like Apple, there is hardly a known brand who is not using an applicant tracking system. ATS are software platforms that automate different recruitment tasks, such as job posting & resume screening, and candidate tracking & further communication.
Virtual Interviews + Remote Hiring
The concept of remote work and virtual interviews became widespread after COVID-19. Such style and tools for recruitment are allowing major organizations, like IBM, Facebook, and Unilever, to save costs and time and tap into a larger talent pool. To get started, your business can look into video conferencing and online technical assessment options to go test multiple candidates in one go.
AI-driven Candidate Sorting and Assessment
Infosys and Unilever are some of the well-known names that use AI to evaluate assessment tests, reducing bias in the recruitment process, and pre-screen candidates based on their LinkedIn profiles. AI can help find job applicants, choose who to interview, improve interviews, and write better job descriptions.
In fact, HROne AI has simplified the hiring process and performance tracking for HRs all around the world. Check out its 14-day free trial as well!
Not just that, HRs around the world are able to recruit the best-suited candidate through data analytics and predictive hiring, gamified assessments, and virtual experiences & games too. It’s never too early to adopt innovative hiring practices and technologies.
Why is diversity in hiring so important?
Diversity hiring isn’t just a social goal, it can prove to be profitable as well!
A 2021 McKinsey study shows that businesses in the top 25% of the gender diversity category earn 25% more than those companies that are in the bottom 25% of gender diversity. The same report also suggested that organizations that are on top in terms of ethnic and cultural diversity earned 36% more than those companies that have the least diverse human resource pool.
There are numerous studies that suggest that having gender, cultural, and ethnic diversity in hiring is profitable for companies. Their profits grow, operations get more innovative, all while developing a solid goodwill for the brand.
When do modern recruitment strategies become necessary for an organization?
If you are trying to recruit in a field where the talent market is competitive, it has to modernize its recruitment strategies. In fact, now that there is a rise of remote work, gig economy, automation, old-fashioned hiring methods won’t work well.
The need for a diverse talent pool and employer branding also makes it important to come up with a set of inclusive modern recruitment strategies.
We have listed some of these strategies to help you out with the hiring process:
| Modern recruitment strategies | Explanation |
| Employer Branding | It’s about creating a positive and attractive image of a company and the HR/employer is the representative. It helps hire top talent, improve employee retention, and enhance a brand’s reputation. |
| Social Media Recruiting | Social media isn’t just for entertainment. Use social media to find people for jobs by sharing interesting things about your company culture. |
| Mobile Recruitment | From filling out initial forms to conducting interviews, recruiters can try to make e-recruitment simple and accessible by phones. Make the career site mobile-friendly, and provide constant notifications as well. |
| Talent Relationship Management (TRM) | Building and keeping relationships with people who might apply for jobs can help us hire them faster and make them feel good about the process. |
Who are the key stakeholders in innovative hiring?
By transforming recruitment processes, hiring managers, human resource professionals, and candidates will directly benefit. On one hand, identifying and filling positions will be easier, and on the other hand, candidates will have a better perception of the hiring process. It will improve the organization’s ability to attract top talent.
At the same time, having innovative hiring practices will also make things easier for executives and leadership, because ultimately they are the ones providing strategic direction and allocating resources for recruitment.
Where Should You Start?
If you are an HR recruiter, manager, or anyone in the hiring process, it’s important for you to be open and adoptive about new technology in recruitment, as it will only help you get better candidates, have a smooth hiring process, and provide both the candidate and the organization a great experience.
HROne is India’s one of the top recruitment software and solutions providers. More than 1500+ brands have trusted HROne for advancing their talent acquisition process. To stay updated with the new hiring trends and tech, you can check out their HR resources section or choose to book a free consultation as well.