In today’s world, technology has been integrated into almost every aspect of our lives. It has revolutionized every industry and made everything more convenient, dynamic, and efficient. Gone are the days of depending on traditional methods of referrals and job postings in newspapers. Now, technology has revolutionized the human resources industry.
Similarly, the digital revolution has completely transformed the recruitment industry by introducing a wide range of innovations that have streamlined the process for companies globally.
According to a recent report by GRID Talent Trends, around 2,000 high-end professionals prioritise digitization at the top for their companies. Companies cannot stay on the path to success in this age if technology is not being utilized correctly. Every aspect of the hiring process has been transformed, and RFS HR agency brings you the vast pool of knowledge that will describe the key 9 changes the digital revolution has implemented in recruitment.
Table of Contents
Streamlined Hiring Process
Before the advent of technology, people used to depend on job advertisements in newspapers or more importantly referrals from other people. The companies also could only screen a limited number of candidates for the roles and it would be a time-taking process.
The digital revolution has completely streamlined the recruitment process by making it more efficient and rapid. For instance, the introduction of the Application Tracking System (ATS) in this industry can easily manage, screen and assess thousands of applications of potential candidates.
More importantly, many people are unaware of this but ATS uses a complex algorithm which identifies the most ideal candidate for the required role at the company. It does that by using keywords and relevant work experience, whereas a traditional HR method would never be able to process this amount of data so rapidly.
Online Job Applications
While ATS has played an important role in streamlining the recruitment process, the digital revolution has also led to the availability of online platforms like LinkedIn or Indeed—commonly known as job portals—where people can easily access companies’ job postings and apply.
A recruit could be sitting in another part of the world applying for a role at your company in Dubai. That’s the power of the digital revolution because it allows your company to access a wide range of qualified and skilled labour very quickly.
According to a report by Forbes, almost 99% of Fortune 500 companies use ATS in their hiring process.
Social Media Recruitment
The importance of online job portals cannot be underscored enough. However, as we discussed earlier, the digital revolution has transformed every industry, and because of that, social media plays a big role in the world today. Companies are now using social media platforms like Facebook, Instagram, etc., to hire passive workers through targeted advertisement campaigns.
Companies use social media to showcase their employer brand, which attracts many employees. This is how the recruitment industry has changed so much due to technology.
Given the significant use of social media platforms by young talent, companies need to use these platforms efficiently to meet their requirements.
According to Betterteam, 94% of professional recruiters use social media to network and post jobs, making it one of the most popular methods of recruiting talent. Recruiters are shifting focus from traditional methods like employee referrals, and job advertisements to social media.
Remote Assessment of Candidates
When your company finds potential candidates for recruitment, their screening and assessment is the next biggest challenge. Because there are many variables like their capabilities, skills, and cultural fit with your organization.
With the digital revolution, candidates’ screening tests and interviews can now be easily conducted using technological tools. For instance, a simple one-on-one interview can be conducted through Skype, Zoom, Google Meet, etc.
After the interview, many international organizations use verbal and nonverbal reasoning tests to test the recruits’ spatial reasoning and problem-solving capabilities. These are general standardized tests.
Recruiters can easily interview candidates regardless of their geographical position eliminating many obstacles companies face.
Use of AI in the Recruitment Process
The use of AI has been revolutionizing in recruitment industry, to say the least. It has benefited both the leading organizations and the recruits as well. The potential of AI tools such as ChatGPT is vast in this industry as employers can easily use these digital platforms to summarize and organize the CVs of candidates.
AI has become an outsourcing tool and employers can also use it to generate recommended interview structures or questions.
Meanwhile, employees can also make the best use of the digital revolution in this age by making their resumes more attractive and professional.
However, the role of AI doesn’t just cover the ChatGPT but it is also used in this process. AI tools can automate resume screening, conduct sentiment analysis in employee surveys, and even provide virtual assistants for HR-related tasks. According to a recent study by LinkedIn, 80% of global HR professionals believe that AI will be a tool to help them with their work over the next five years.
Diversity in the Hiring Process
The digital revolution has brought on a significant focus on diversity and inclusion in the recruitment process. With the help of modern technology, such as data analytics and AI, personal biases can be minimized, and recruiters can identify and specifically address those problems in this industry.
This ensures a fair and diverse workforce in the company, which is necessary for any organization’s success. From targeted outreach to inclusive-focused hiring events, organizations leverage technology to build more diverse teams that drive innovation and success.
Data-driven Decision making
The digital revolution has automized and streamlined recruitment through the collection and analysis of vast amounts of data. This data is related to talent acquisition, which has been enabled through a digital revolution.
Data-driven decision-making in the hiring process ensures that informed decisions are made and that the most capable candidates are chosen. It identifies areas for improvement and completely transforms hiring strategies. According to a report, 77% of talent professionals rely on analytics to plan their workforce.
Automation of manual labor
Technology has brought absolute and complete comfort to humanity. Likewise, the digital revolution has automated numerous routine and manual labour HR-related tasks. For instance, HR programs and software can easily organize and manage a company’s payroll data, and performance evaluations with minimum chances of errors.
Ultimately, this automation not only increases the efficacy and accuracy of daily tasks but also allows recruitment specialists to allocate their time and energies to something creative and innovative. According to a Harvard study, 63% of key decision-makers report that their organization has automated parts of the talent acquisition process, and 97% of those say it’s been valuable.
Role of Chatbots in Hiring
The digital revolution has improved the recruitment process by making it easy for candidates to approach companies. With the power of AI tools, recruits can easily get basic information, provide updates on the application, and even set interview dates.
Most importantly, potential candidates can directly interact with the chatbot to get answers to their questions about the company or the role they’re interested in. This would allow the HR staff in your company to focus entirely on strong candidates.
Chatbots can also assess resumes if candidates upload them, provide the best recommendation for the role suited to their relevant experience, and give feedback.
This reduces the error chances and increases the automation of repetitive tasks like updates on the application process and ensuring that the best talent comes up. Screening candidates is the most common AI application among recruiters, according to this study.
Conclusion
In conclusion, the digital revolution has completely transformed and improved the hiring process by streamlining it, making recruitment easier to access from social media tools and advanced software like Application Tracking Systems, and using Artificial Intelligence (AI) in the hiring process. As technology continues to progress and evolve, its role will only advance the recruitment industry.
We at RFS HR Consultancy know how to take advantage of the digital revolution to attract the best talent for your company. We are the leading experts in the hiring industry internationally.
