It has been seen that hiring has gone beyond the conventional job boards and is more about the modern applicant tracking systems. These systems are believed to help the human resource departments of the businesses to remain cool during the massive increase in cover letters and resumed received after the jobs are listed or posted on different mediums. Many companies are shifting from a manual recruitment and hiring process to an automated mechanism. However, a lot of businesses are still unable to see the value that the automation brings to hiring, especially when their existing, tested and true manual process is working. If you doubt about automating your hiring process, this article highlights how the automation actually makes the hiring process more efficient.
The Future of Recruiting & Hiring
Lou Adler, the CEO of Adler Group, a search and training firm, says that the active hiring is at the center of the hiring technology. Most of the hiring technologies work by accumulating a bunch of potential candidates and cutting out those not meeting the criteria or not using the buzzwords in their cover letters or resumes. This kind of sorting is not the best way anymore to make the ideal talent judgments.
The advancements in the process should work for taking more active initiatives to spot out the right fit. It implies not letting the systems make judgments on the basis exclusively of a certain degree title or a number of years of experience, but defining the ways to judge the skills and expertise and to anticipate the suitability in a given role, on the basis of available data and information. This is basically the smartification of the hiring process.
The Recent Hiring Demands
The growing demand for hiring automation tools has accelerated the recent trend of integrating Artificial Intelligence and other technologies in hiring. Since the hiring volume has been projected to increase massively in the coming years, the hiring teams must not remain stagnant or shrink. The interest of the human resource departments of the companies in automation is expected to increase. Last year, it has been seen that finding the best talent was heavily based on the hiring manager’s ability or recruiter’s skill to smartly automate their hiring workflow.
Hiring teams are also faced with the increasing pressure to meet data-base KPIs. Talent acquisition specialists are increasingly gauging their hiring teams by the quality of hire besides the time taken to close the jobs.
As per the data obtained from LinkedIn, the most critical hiring KPIs are:
- The quality of the hire: The topmost priority for almost 60 percent of talent acquisition managers
- Time taken to fill: The topmost priority for almost 30 percent of talent acquisition managers
The rapid advancements in technology have revolutionized sales, marketing and finance departments and now the industry experts predict hiring technology as the next massive adoption.
How Does Automation in Hiring Create Significant Difference?
As stated, the automation in hiring is the future of the industry. Hiring automation is transforming the way businesses and recruiters find, recruit and hire talent. Streamlining the various aspects of the hiring workflow, the hiring automation can greatly enhance the human’s capabilities.
This is how hiring automation is transforming the hiring and recruitment process:
- Resume Screening
One of the most obvious and promising applications of automation in hiring is application screening:
- Manual screening of applications is the most time-consuming aspect of hiring
- Around 88 percent of the applications received for a job are irrelevant
- Recruiters or hiring managers spend almost 23 hours, on average, screening applications for a single role
Though screening applications has always been the most challenging aspect in hiring, technology to tackle this issue has only recently developed and become available. Backed by AI, the smart screening tools automate the entire screening process. Developed to successfully integrate with Applicant Tracking System (ATS), these software or tools learn the job requirements and what qualified or eligible candidates look like, on the basis of previous hiring actions and decisions. Using the employee data on tenure and performance, the automation software analyzes which candidates tend to be successful employees. Smart screening software uses the information it learns about the experience of the employees, their skills, and qualifications, in order to screen, rank and select the new candidates automatically.
Automation in hiring reduces time to hire by automating this low-value, repetitive function and letting hiring managers focus on their higher-value tasks like connecting with candidates to evaluate their personality.
- Hiring Automation for Prequalification
Automation in hiring promises to improve the candidate experience. As per CareerBuilder, 67 percent of the candidates reported that they hold a positive impression of the employers if they get updates from them on a consistent basis during the process. Automation in the shape of chatbots, for instance, enable hiring managers or recruiters to give consistent updates to candidates in real-time by asking pre-qualifying questions pertinent to the job role, and providing next-step suggestions and feedback.
By automating the tasks like answering the most general questions regarding a job, the chatbots can help managers work more effectively during the pre-qualification stage of the hiring process.
- Hiring Automation for Interviews
Hiring automation tools also help the managers to conduct interviews anytime, anywhere. Digitized interview tools record interviews and evaluate the factors like words used, facial expressions, gestures and speech patterns to determine how well an applicant may fit a specific role. Automation also improves the hiring quality by offering data points on how well the potential candidate fits the company culture.
The Final Thought
As the adoption of hiring automation increases, the role of the hiring managers or recruiters is going to change. Industry experts say that by reducing the job-closing time and enhancing the quality of hire, the hiring automation technology will help recruiters and managers to be more strategic by consuming time on proactive hiring and effective workplace planning. Lastly, when thinking about shifting to an automated hiring technology or process, some areas should be considered. While every business’s needs are unique and different, the automated hiring process must make sure to make everyone’s life easier irrespective of the situation they are in.