How are you simplifying your recruitment process?
The current competition demands a new outlook and approach. That’s the reason why HR professionals follow the latest recruitment trends. One particular reason for following the latest trends is that they lay the foundation upon which effective recruitment strategies can be created.
Imagine how much easier your recruitment process would be if you would follow the new trends!
This article talks about the latest trends that will play an essential role in enhancing the recruitment process. Let’s pinpoint a few of them.
The 7 Recruitment Trends You Shouldn't Miss
1. Candidate Relationship Management
Candidate relationship management is an effective method for managing and improving relations with current and potential future candidates. CRM technology is used to automate the communication process between candidates and recruiters to encourage their engagement and improve the candidate experience. Since we live in a candidate-driven market, it has become a requisite to have an excellent CRM strategy in place.
Having active candidate relationship management has become one of the top priorities to having an efficient recruitment process. The reason for this is that providing an exceptional candidate experience is one of the best employer branding strategies that a company can have.
2. Recruitment Technology
Recruitment technology can help you to understand all your recruitment needs so that you can identify which HR tool can help you meet those needs. HR tools are designed to automate, streamline and improve the human resources process. Human Resource departments will function best when they have the proper tools to do so. For example, using a resume parser software with your ATS/CRM can simplify your entire recruitment process. It filters out candidates' information from their resumes and stores that data in pre-designed fields. A resume parser tool is gradually becoming a necessity for organizations to streamline their HR workflow.
3. HR Analytics
HR Analytics help in the planning and decision-making stages of recruitment. Based on data that's been gathered, HR professionals can analyze which areas they can improve or how they can speed up their recruitment process. Recruiters face many problems and sometimes fail to understand the reasons for not finding, attracting and hiring the best talent. That’s why many employers are turning to HR Analytics. This analytical process covers some of the most critical hiring metrics such as a time to hire, cost to hire, and quality to retain.
Data shows its true power when it comes to hiring quality candidates and measuring employee performance. With the help of this data, you can even predict certain hiring outcomes.
4. Talent Sourcing
Talent sourcing is the process of reaching passive job seekers. 73% of candidates are passive job seekers. This passive group still has the potential to become part of your workforce even though they do not actively seek jobs or apply for them. But if an excellent opportunity knocks on their door, they are often open to exploring it.
Talent sourcing is an effective way of building high-quality talent pools. Having the right talent sourcing strategy not only helps you to increase the size of your talent pool but also helps you close positions faster. Many recruiters source candidates through various sources, such as LinkedIn and Job Board Databases. The aim of talent sourcing strategy is not only getting quality candidates but also creating candidate engagement and enhance the candidate experience. Having a talent sourcing strategy in place helps companies recruit proactively and maintain a healthy pipeline of candidates.
5. Talent Pool
Talent pool is an expression describing a database that contains all of your current and potential future candidates. Today, everyone is talking about building a high-quality talent pool, but what does that mean exactly?
It means that every time you have a new job opening, you already have a pool of talent at your fingertips for you to choose an employee from. Sounds like a great help, right? This is the reason that many employers have started building a pool filled with high-quality candidates to prepare for their current and future needs.
6. Social media
Social media has the power to take recruitment to the next level. Considering many job seekers are active on social media, posting jobs on this platform can be very advantageous for recruiters. In today's digital age, social media is the perfect means to reach potential candidates. You can use channels such as LinkedIn, Facebook, Twitter to find the best fitting employees.
7. Candidate Experience
Candidate experience is not something that can be easily neglected. It starts from the point when a candidate applies for a job in the company and ends when they actually become an employee. Keeping your application process short and ensuring timely communication are a few ways of building trust with the candidates. A trusting relationship is guaranteed to improve the overall candidate experience.
Technology only has the power to change recruitment when it is used correctly. These trends are ready to transform human resource processes and provide a new direction to achieve overall productivity. If you are looking to obtain real value from your business, technology may be the key to achieving that. Be sure to keep up with the latest recruitment trends and follow them religiously.
About the Author: Lovepreet Dhaliwal works with Rchilli Inc, a leading resume parsing software provider which helps in speeding up your recruitment process. An MBA in HR and marketing, he has over six years of work experience in business development and strategic sales.