Recruitment automation – the new way to hire talent
A successful business needs a successful, talented and driven workforce.
This is not improbable but securing the right individuals to deliver this business utopia is becoming increasingly harder and is certainly not achievable using old-fashioned and laborious recruitment methods.
The world of hiring, or talent acquisition, is moving into the fast lane with more and more processes being automated to not only deliver a quicker solution, but one that will also identify the applicants that will be the most ideal employees.
Automated recruitment has never been more necessary as findings by recruitment software developers Entelo into 2018 trends revealed that filling one single vacancy takes nearly one third of recruitment professionals an average 13 hours a week, while a similar number spend more than 20 hours! In the US, is it estimated it costs an average $500 a day for unfilled roles.
For those in the manufacturing or FMCG sectors, a delay in recruitment can have serious implications for production schedules, so solutions that speed up the recruitment process are welcome.
It explains why companies are investing heavily in recruitment tools – or use recruitment agencies that have these – to reduce this labour-intensive recruitment pathway. The report found that
- 72% agreed automated sourcing would increase their productivity
- 86% will invest in intelligence sourcing software in 2018
- 64% will spend on AI-powered recruiting tools in 2018
The CEO of Entelo claimed there are more than 70 recruitment technologies currently on the market, which is only expected to grow as demand increases. These technologies can undertake a series of tasks to automate the hiring process including
- Automated job descriptions that use machine learning
- CVs screened using machine learning to highlight suitable candidates
- Automated interview scheduling – enabling recruiters to focus on candidates not processes
- Interview technology – audio and visual – that can analyse candidate voices and use face recognition software during remote interviews
- Email tracking tools for businesses reaching out to passive candidates
All of these tools are designed to enable recruiters and HR teams secure the best talent and quickly, which has become necessary with a shortage of viable candidates.
As Madeline Laurano, Co-Founder and Chief Research Officer, of Aptitude Research Partners says: “Talent acquisition leaders who invest in analytics and AI will have more success scaling to meet their recruiting demands. Those that arm their teams with the intelligence and automation they need are the ones who will win the war for talent.”