The recruitment sector is being transformed by a new workforce that embraces technical innovation and an evolving social media landscape. Recruiters have been making good use of CRM software, which enables them to work more efficiently for some years now. Talent acquisition is going through a period of immense change as the world moves towards the digital economy. Recruiters now need to do two things: First, upskill, and embrace again attributes from the Analogue Age like interpersonal communication, relationship building and networking. These new recruitment and onboarding technology platform trends are giving a new direction to recruitment. Effective use of data to glean insights into candidates enables businesses to have a clearer picture of the talent they are working with. Today’s labor market is largely candidate-driven. The battle to attract top talent from the pool of under-qualified applicants is getting tougher. Thanks to the technological advancement, start ups and Fintech companies can easily compete with multinationals for the same talent. If you are into recruitment, you need to fasten your seatbelts, because the ride is going to bumpy especially for those who don’t understand what the future of recruitment industry holds. Data provides businesses with insights that help recruiting managers make hiring decisions. Today, hiring managers are using data to make strategic decisions.

 

Recruiters are turning to recruitment software to help them increase the efficiency of the process. Today, about 70% of recruiting companies are using some form of Applicant Tracking Systems. Recruitment software enables them to manage, nurture and engage them so that they can easily provide them for hire, when need arises. In the field of recruitment, the impact of technology and the data it captures is becoming more pronounced in terms of enhancing the hiring experience for both the candidates and the hiring teams. Among various recruitment trends related to company branding, this one needs to be explored more for its potential in increasing the response rate to job postings from roughly 12 to 34 percent. Companies are also relying on technology to give them analytical data and insights in monitoring employee performance or tracking sources of hire so they can target the right candidates on the right channels. Technology is seen as something that can help HR practitioners realize their own personal bias and enable them to take countermeasures. With technology readily available at your doorstep, employees now have the privilege of working from home. Last few years have seen many innovations in HR technology. HR managers and recruiters have started adopting a resume parser software to simplify the process of hiring the right fit. The blockchain is known for making a system secure and transparent. This is the reason why it has the potential of bringing a change in HR tech space. Increasing usage of smartphones is compelling recruiters to deliver information through mobile apps.