Recruitment Technology Trends that are Changing Talent Acquisition

6 Recruitment Technology Trends that are Changing Talent Acquisition

The staffing industry has completely changed when looked at from scratch. Let’s look at some trends that are contributing to continuously changing talent acquisition. 

“At least 40% of all businesses will die in the next 10 years if they don’t figure out how to change their entire company to accommodate new technologies.” – John Chambers, Chairman of Cisco Systems. 

The candidates will come to you only when you build a solid talent acquisition strategy. But how will you create one? 

In order to do that, you must be a market innovator, thought leader, and game-changer in the hiring sector. As the recruiting industry continuously innovates, talent acquisition managers must stay caught up.

Making a thorough action plan to improve the recruitment process is clearly the top issue for all talent acquisition teams at the end of the day. 

Here is a list of recruitment technology trends that are changing the world of talent acquisition that you must know.

Let’s get reading.

Job Aggregators 

Let’s get back to the days when you were a candidate. How did you apply for the job?

Yes, earlier, candidates used to sort opportunities through the company’s website, advertisements, and word of mouth.

But job aggregators or job boards have changed the game. Nearly 41% of applicants get their jobs through a job board like Indeed, Glassdoor, ZipRecruiter, Monster, etc.

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Job boards, which essentially serve as job search engines for applicants, use algorithms and artificial intelligence to match them with openings that match their qualifications and requirements. 

The best part is, with an applicant tracking system, recruiters can automate their job postings to these aggregators by posting simultaneously to multiple platforms in just a click!

Recruitment Automation 

Recruitment automation has turned the staffing industry upside down and is continuously doing so.

A powerful recruiting software can be used to parse applicants, manage hiring and client pipelines, post jobs on many sites at once, and do much more.

It also helps you improve critical metrics like time to hire and submission while engaging prospects effectively at various hiring stages.

Investing in an applicant tracking system is changing talent acquisition as it streamlines daily monotonous work and cuts back on administrative tasks. 

Diversity, Equity, and Inclusion

The use of the DE&I approach at work is one thing that has changed talent acquisition for the better and is here to stay in the market. 

In many HR departments around the world, diversity, equality, and inclusion have risen to significant roles.

It should not be unexpected that many businesses are pushing diversity in their employment practices, given the numerous studies connecting a diverse workforce to higher productivity levels.

By engaging in these activities, you can also boost the standing of your employer and make it simpler for your business to attract top people in the future.

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Gig Economy

In the gig economy, applicants work for an employer on a contract basis or as independent contractors rather than as conventional full-time employees.

The gig economy, which enables companies to recruit independent workers as needed without spending a lot of money on their hiring and management procedures, is one of the most vital contributors to changing talent acquisition.

Businesses fear that the gig economy will replace the conventional method. But, of course, the flexibility and prompt service delivery justify the fear.

Gig workers are not entitled to the benefits provided to full-time employees. Although new trends and workplace cultures constantly evolve, the classic employment structure will remain the same.

The gig economy will grow significantly, not just in 2023 but for many more years to come, and that is the essential thing to watch out for in this situation.

Social Recruitment

Beyond just staying in touch with loved ones, social media is utilized for various purposes. It is an excellent resource for helping firms find and hire new people.

Knowing that roughly 4.55 billion active social media users worldwide is surreal; this data is enough to change the recruiting game. 

It seems to sense that many recruitment gurus think social media recruiting will become a prominent trend in 2023, given that this number will only continue to rise in the future.

Using LinkedIn to locate potential prospects is not always considered social media recruitment. However, it might also include Facebook, Twitter, Instagram, and Snapchat, which are growing in favor among recruiters.

Virtual Recruitment

One of the prevalent hiring trends in the modern talent acquisition market is VR or virtual recruitment.

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Businesses are embracing modern technological innovations since they are affordable and help streamline employment.

Given the hectic nature of the market and the fluctuating demands of job seekers, companies hire recruiting agencies with years of recruiting experience. 

Candidates can participate in the hiring process virtually, eliminating the need for them to show up in person for an interview. 

To further enhance this virtual engagement, leveraging advanced video interview software allows for a more dynamic and interactive assessment of candidates, bringing a personal touch to the remote recruitment process.

Today, every stage takes place digitally, from finding CVs to shortlisting and interviews. While candidates praise a seamless onboarding procedure and experience on job network sites, virtual recruitment significantly reduces time spent and strengthens your brand identity. 

In Final Words

The success rate of each company is impacted by its candidate management approach. 

Recruiters prioritize automated processes to draw the top candidates from the current talent pool. 

These top-notch trends have been continuously changing the world of talent acquisition and will continue to play their part in the coming years.