Future trends of Recruitment Process
With the increased emphasis on candidates experience and with
improved employer branding, the scenario of recruitment has changed
drastically. Forgetting the positive response of applicants, the
process-oriented strategies are now developed. These types of strategies are
also implemented for the promotion of employee branding.
Due to the RPO (recruitment process outsourcing) services, the process of hiring shows the high scale of
development. To analyze the key future trends and their compatibility with
recruitment process outsourcing, this will lead to the growth-oriented results.
In context with Indian market structure, the RPO is growing fast is equal to
Rs. 400 crore and is estimated to grow by 40-50% per year.
Let’s have a look at the future trends for recruitment
process and the contribution of RPO service providers towards those trends:
·
Technological
upgrading
In order to get required and meet the needs of hiring,
the recruiters have now decided to try all the possibilities. Hence, they
usually prefer to rely upon the technology more and technology will be their
first necessity. In the context of frontline hiring, about 40-60% is into IT companies. This structure would overall increase the efficacy of hiring by
50-60% and thus enables the qualitative technology into other IT sectors.
·
Data
analytics
For recruitment, the data analytics is now considered
to be the future trend. Because of the RPO companies, the professional
recruitments have changed from intuition which is based upon the data-oriented
decisions. According to the Indian context, about 55% accounts for the
analytics usage and this will rise up considering the entry of analytics in
workforce planning and utilization.
Candidate’s
experience
Using the RPO services, the companies may portray a
respectful image in order to develop the candidate the experience. The top and
deserving candidates are now willing to join the companies which can regulate
proper recruitment processes for better candidate experience. This helps the
candidates to attract the best talent for your organization.
·
Outsourcing
services
For decades, the outsourcing has been observed as the
upcoming trend for the future. RPO consultants are now using the social media
tools to outsource candidates. There are about more than 90% of the resources
who use social media as the recruitment tool and this figure is assumed to rise
more and more. With the help of technology-oriented RPO services providers, the
job and candidate matchmaking is now possible.
·
Employer
branding
In this competitive market, the concept of employer branding is emerging. There are many employers who are taking the marketing
perspective in order to meet the needs of recruitment. They particularly use
social media channels, video marketing trend and make their employment
provision a brand. This is being an upcoming trend for the RPO consultants who
are into the employer branding.
4 Major Factors How You Must Hire in Future
To hire a talent has become highly transnational. The tedious
candidate searches, endless, and the repetitive screening all this can be
inefficient and mind-numbing. It is the time for the new era of recruiting
which focuses on the more gratifying parts of the job. Below are given the 4
major factors which are based on numerous experts interview on the survey of
9,000 talent leaders and hiring managers across worldwide as:
·
Diversity
Diversity is called the new global market to hire
professionals. There are about 78% of the talented professionals and hiring managers
who say that diversity is the top trend which impacts how they hire. But today,
the diversity is directly tied o the culture of the company and also their
financial performance. According to the data, 78% of the companies prioritize
the diversity to improve the culture and 62% do so to boost the financial
performance.
However, when it comes to foster the diversity, there
are very few organizations have cracked the code. Despite the entire buzz, there
are most of the companies ho still fall short of their goals and the public’s
expectations. There are about 38% of the recruiters who are finding diverse
candidates to interview with them.
·
New
Interviewing Tools
About 56% of the talented professionals and hiring
managers say that the new interview tools are the top trends which impacts how
they hire. The traditional interviews are not going exists with any company
now, but they have been proven as the ineffective way to read the candidates.
They can even undercut the impact of more useful information and also introduce
more bias.
Some of the techniques which have come to the scene to
improve the traditional method are online soft skills assessments, job
auditions, casual interview, virtual reality and video interview. According to
the survey, it is recorded the bias problem is traditional interviews as well
as their limited ability to assess the soft skills and weaknesses.
·
Data
Talent acquisition has always been people profession
but, nowadays, it is a numbers profession too. According to the researches,
most recruiters and hiring managers use the data in their work and even more
likely to use it in the next two year. Thus, it is no surprise that about 69%
of the talented professionals believe that they are using the data which can
elevate their careers.
The most sophisticated companies are piercing together
every bit of the data they have to try to compete with. To keep this concept as
more tangible, the global recruiting trends reports highlight the stores of
companies like Novartis, Nielsen, Jetblue, etc and show what data they have
been using and how they are using it to create a difference for their business.
·
Artificial
Intelligence
The truth of Artificial intelligence has taken the
strong foothold to recruit and will likely continue to take over some of the
more repetitive aspects of your job. Other technologies may help you to screen
these candidates before you even speak to them. The chat box can also be used
to respond to candidate questions so you do not have to do so.
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