Technology has changed the way we do business. Today, everything happens on the cloud. Recruiting, however, was still thriving in its traditional ecosystem. But not any longer. Recruiting tech or recruitment technology is rapidly transforming the entire sector. As companies are going global and hiring more remote workers, human resource handlers are compelled to embrace advanced recruiting tech to suffice the increasing demands of businesses. This is to such an extent that recruiting tech finds an active presence in the hiring strategies of many large corporations such as IBM, GE and Hilton. So, let us check out the latest recruiting tech that will rule the recruitment sector in the coming year.
1. Using Artificial Intelligence (AI)
The application of AI in recruiting is growing rapidly. It is expected that AI integration in recruiting tech will continue its upward trend even in 2020. So, how exactly does AI help HR?
For starters, AI significantly eases the recruitment process. It helps to identify the best candidates for the job position. Furthermore, AI will provide you with a job matching score and will help you analyse and assess your recruiting process.
Major corporations such as GE, IBM and Hilton use algorithms driven by AI to screen their candidates before the interview rounds. This incredible technology can analyse everything, right from posts on social media to various work samples.
Although AI is perfect for recruitment, its scope is not just limited to hiring. AI also plays a significant role in the expansion of information discovery systems and data analysis of HCM systems.
2. Expansion of HCM cloud-based tools
Most firms use HCM software for their recruitment purposes, but the version they use is not the latest. This year, you can expect them to foray into newer cloud-based HCM systems, as many IT companies are planning to upgrade their rudimentary IT infrastructure. Also, the number of companies who use the SAAS model as recruiting tech has doubled in the past two years. This shows a positive trend towards adoption of recruiting tech in the recruitment process.
Earlier, several large companies were sceptical in their adoption of technologies based on cloud, as they believed it wouldn’t support the complex needs of their business. However, gradually but surely, things have changed for the better, and industry titans are increasingly embracing cloud technology as a mature and stable option for recruiting. The proactive switch to cloud-based recruiting tech systems will become the top priority this year.
3. Increased application of VR or Virtual Reality
More and more firms are expected to jump into the VR or virtual reality platforms to train their employees. It may sound futuristic and far-fetched, but major companies are already experiencing positive results of this transformation. FedEx and Walmart have already started using VR to train their employees with excellent positive outcomes. They are planning to increase their program sessions further.
Virtual reality technology is not new to the industry; it’s just that firms have understood its benefits in HR recruiting tech only recently. Flight simulators have been used for a long time to train aspiring pilots. The difference now is that VR products have become available for the normal consumer, that too in large quantities. The hardware for VR is cost-effective, and the production of content is cheaper. It is no wonder then that it is an attractive choice for big corporate trainers.
4. Self-service for employees
The latest cloud-based software systems also provide various opportunities for employees to help themselves with routine tasks. This considerably reduces the strain on the HR assistants by offloading everyday processes, such as tax withholding, benefits changes and address changes to applications.
Moreover, employees appreciate it too. As per the latest study, almost 65% of regular employees expect their employers to offer greater self-service options for their HR activities. Self-service and various other new technologies will get more attention this year as employers will focus more on saving money and building efficiency in their office.
5. Growth in digital adoption
To ensure a smooth transition into digitisation with the help of recruiting techs — such as employee self-service and HCM tools — it is important to make sure that the employees are trained in these digital tools. Because without employee training, this digital transformation will be worthless and lead to a gross failure of the process. Employee self-service platforms serve no purpose if the employees are not adequately oriented with digital tools. Adoption of recruiting tech is only successful when it gets successfully adapted by the ones who would be using it.
Digital adoption services tools, such as Aptly, helps corporations with a faster onboarding process for new employees to their cloud-based digital applications. The onscreen guidance feature shows the user how to use the platform. These tools could be utilised to allow your candidates to complete the application process on the cloud.
The prominent benefits of digital adoption platforms for HR associates include:
- Faster onboarding process
- Increased employee satisfaction and engagement
- Reduced training costs
6. Remote and virtual work technologies
The HR unit of any company that wishes to go global should expand to meet the cross-location demands of the business. The HR recruiting tech also needs to expand to include remote workers and facilitate proper interaction and management of the remote workers. Recruiting tech will play a vital role in seamless incorporation and integration of the global workforce with the parent location.
You also may need to change your recruitment strategies to recruit more remote workers. As your headhunting pool goes global, you will have to find innovative ways to virtually interact with your prospects. This would require proper technological set up to ensure a smooth process. You may also need various tools, such as collaboration tools and video conferencing to interact with remote candidates more effectively and keep them engaged with the company.
Recruiting tech will rule the human resources department in the coming years. In fact, it is poised for more transformation and integration as newer technologies are getting invented daily to suffice the ever-increasing demand for recruiting.