Impact of Technology on the Talent Acquisition Process

Throughout history, technology has transformed human lives for the better. Similarly, technology has revolutionized and redefined the Talent Acquisition process whether it is to attract, assess or hire any candidate. Technology has significantly improved the hiring process by streamlining recruitment and making the entire process more efficient, automated, and most importantly, convenient for both recruiters and the talent.

From the introduction of Applicant Tracking Systems to the use of AI in the process, talent acquisition tech has evolved greatly. Most companies today, including over 97 percent of Fortune 500 companies, rely on an applicant tracking system, or ATS, to help them hire new employees.

The gradual evolution of the hiring process from traditional methods to talent acquisition tech has been assisted by a host of innovative platforms and tools such as social media, cloud technology, data analysis and more to effectively increase the efficacy of hiring process. It is a fact that hiring new talent is the most important path of any organization’s trajectory to success. The right methods and tools play an important role in determining that.

Technological Tenets of Talent Acquisition

Applicant Tracking Systems

Most job seekers aren’t aware that their resume could be rejected by a computer algorithm without a hiring team ever seeing it – even if they’re qualified for the job. ATS is basically a talent acquisition technology that is extensively used by human resources of all major organizations around the globe to oversee the enormous amounts of job applications. 

Job seekers need to understand that the ATS simply filters the given resumes based on an algorithm and keywords. The most acceptable applications are then forwarded to the talent acquisition team in the organization. For instance, as of 2020, candidate management systems exhibited the highest future importance among the five most influential technologies adopted by recruiters in China. HR management systems ranked second, followed by applicant tracking systems.

Online Job Portals

One of the most efficient and common impacts of technology has been the establishment of online job portals and job boards. Online platforms like LinkedIn, Indeed, and Glassdoor have become essential tools for employers and companies to post any information about recruitment allowing experts in organizations to reach a vast pool of potential candidates.

Before the advent of technology in recruitment services, people had to use only social networking or references to even know anything about a job opening, with the availability of online platforms such as these, a potential candidate living in Dubai can easily seek opportunities in a different part of the world. Job seekers search for relevant positions, submit their applications online, and have the choice to connect with recruiters and hiring managers globally.

Social Media Recruitment

Social media platforms play an important role in talent acquisition as any reputable organization can only survive with a social media presence and it is also a fact that the numbers of social media users only increase. Twitter, Facebook, and LinkedIn have become integral to recruiters for sourcing and attracting potential candidates for every reputable organization. Recruiters effectively use these social media platforms to build employer brands, engage with new talent and leverage networks for referrals.

Diversity Hiring

Any organization’s path to greatness comes directly from its employees and diversity hiring simply means that the entire hiring process should be free from any bias. In contemporary times, diversity hiring has become extremely important for all recruitment agencies and technology has made significant strides in promoting diversity in the hiring process as it is free from human bias.

Talent acquisition tech includes unbiased candidate evaluation that minimizes the impact of unconscious biases. By making the best use of AI and emerging talent acquisition tech, recruiters can easily make sure that the entire recruitment process is fair and socially inclusive – fostering diversity in the organization. Renowned consultancies such as RFS HR Consultancy believe in an inclusive and equal hiring process and take into account the employers’ requirements.

Video Interviewing

The recruitment industry has evolved greatly with time and technology has completely transformed the hiring process globally. Video interviews by recruiters can be conducted even if both parties are living in different parts of the world. This has become a common practice for all international and reputable organizations to conduct video interviews of potential candidates to assess the candidates’ skills, acumen and general impression.

The interviews can be conducted through different software like Zoom or Google Meet at the agreed-upon time between both parties. There is also the option of Asynchronous video interviews that allow candidates to record responses at their convenience, providing yet more flexibility in the hiring process.

Data Analytics

The most significant effect of technology on the talent acquisition industry has been the sole focus on gathering, archiving and use of data to help recruiters analyze large datasets to rightly identify the current trends and optimize the overall hiring process. Data has helped HR or recruiters with predictions, patterns and analysis all of which greatly affect the acquisition process.

If a job opening has, for instance, a few hundred applications then this technology helps the recruiters to closely monitor the potential candidates by using analytical data. Recruiting new talent for any organization requires utmost efficiency and data analytics ensures that chances of error are reduced.

Metrics like gender ratio, time-to-fill, cost-per-hire, employee costs, and the company’s budget etc can all be calculated and the analysis helps reach a logical conclusion in the hiring process. That is why data analytics or big data is an effective tool for organizations to reach informed decisions.

Conclusion

Concludingly, technology has streamlined and enhanced every stage of talent acquisition, making the process more efficient, data-driven, and adaptable to the evolving needs of organizations and candidates alike.  The impact of technology on talent acquisition has been transformative, to say the least.

From revolutionizing the management of incoming applications through systems like ATS and then assessing potential hires through data analytics and AI, these technologies have become indispensable in helping organizations reach the best talent.

And hiring new talent keeping in mind the intricacies discussed before, organizations should refer to the experts in this field. Therefore, if you want the best talent for your organization then leave it to the experts at RFS HR Consultancy to make sure that your talent acquisition needs are met.