The Current Recruiting Procedure
The hiring process is one of the most important aspects of any company’s success. The process of hiring employees has been evolving and has become more complicated than ever before.
Recruiters and hiring managers spend a lot of time looking for the right talent on job boards, social media sites, and job fairs. This can often be very time consuming and can sometimes lead to a high level of dissatisfaction with the process.
To avoid these issues, many companies invest in using applicant tracking systems (ATS) that enable them to find prospects more efficiently. However, due to legacy software coupled with a rapidly changing and dynamic talent marketplace, the ability of older ATS systems to keep up is declining.
Hiring managers are often unable to reach their target talent pool in time, contributing negatively to the cost of vacancies (COV). The resources lost in doing so also hamper the ability to fill gaps quickly, costing companies thousands of dollars every week. If these concerns sound familiar, it might be time for you to re-evaluate on how to improve recruitment process and make the necessary tweaks to increase hiring efficiency.
How HR Tech Revolutionizes the Current HR Processes
The average time to fill a position is rising because of the long and tedious recruitment process. When it takes so long for recruiters to fill positions, the turnover rate will also increase.
According to a Deloitte study conducted in 2015, it takes over 94 days to fill highly skilled roles and 70 days to fill roles in skilled production. Therefore, companies are trying to find new ways to optimize their recruitment processes by investing in new technologies that can make it easier for recruiters and hiring managers to find the right people.
Recruitment management software
has been growing in popularity over the last few years, including tools that can help with sourcing, matching candidates with job profiles, assigning interviews, and tracking progress.
HR tech can streamline and simplify the HR process tremendously, as it focuses on the needs of the employees as well as the employers. Some HR tech companies also provide recruitment services that alleviate the burden of finding the right candidate. HR applications today can handle several tasks, such as payroll, benefits, and coaching.
Data analytics and AI are rapidly transforming the way HR tech functions. For instance, the German energy company E.ON used people analytics to track employee absences. The analytics helped them uncover significant leave patterns that impacted absenteeism. This further enabled managers to enhance holiday approval policies and bring down the rate of employee absenteeism.
Employee Engagement and Workplace Culture: How Can HR Improve It?
and a positive workplace culture are proven catalysts of employee experience. To improve the hiring process, organizations must consider making systemic changes that impact core employee experience. With a better work experience, it is easier for organizations to attract top talent and leverage their hiring process.
Create a Culture of Engagement
The first step to managing employee engagement is creating a culture of engagement. This starts with making sure employees are engaged in their work. A great way to do this is by implementing design thinking in the workplace.
Design thinking is an innovative approach to solving problems that can be applied in any industry or function, including HR. The process entails generating and evaluating ideas without judgement, which can help teams find creative solutions to problems.
Hold Meaningful Conversations
Engaging in meaningful conversations is one of the most rewarding parts of any job, but it's also necessary for maintaining a healthy workplace. Whether it's planning or discussing better ways to get work done, these conversations are critical to the success of your organization. HR can encourage such discussions and feedback. Providing an open forum for employees to voice their opinions can also work in the same way.
Make Decisions Based on Data
HR should use data to make decisions to improve employee engagement and workplace culture.
There are many different data sources that can be queried, such as employee surveys, hiring data, turnover data, employee engagement assessments, employee data from onboarding programs, etc. This data should be used to help inform policy changes that will have the most impact on improving engagement and culture.
AI is a clear benefit to running analytics on a company’s contracts as it provides the capability of near-instant quick translations of documents, for those working internationally.
- Charles Dimov, VP Global Marketing at ContractPodAi
Four HR Best Practices that Will Maximize Employee Retention
Hiring the right talent and retaining employees are two sides of the same coin. The hiring lifecycle doesn’t end with onboarding employees. With employee attrition at an all-time high, it is important to put an employee retention strategy in place. Here are five practices that will help you maximize your employee retention rates:
Hire for Fit
The perfect candidate doesn’t exist. HR managers shouldn’t focus on hiring exactly matched candidates but instead find someone who may not be the perfect fit but demonstrates the majority of skills needed at the moment.
Maintain an Open Dialogue with Employees
Encouraging employee feedback loops is well-known for improving engagement at work. This is how you ensure that your employees feel heard and have what they need to do their job efficiently.
Provide Performance Feedback
Working is a source of fulfillment for many people. Knowing the impact they are making gives employees the sense of purpose they need to keep them coming back and being productive.
Reward Employees When They Do Well
A robust reward and recognition policy can mean the difference between employees who feel engaged and appreciated at work and those that are barely engaged and on the verge of leaving.
The Benefits of Investing in HR Solutions for Your Company. With so many organizations having turned to HR solutions that are designed specifically for their needs, the benefits are clear.
One of these benefits is that they can help hiring managers automate their recruitment efforts. This gives them more time to focus on sourcing qualified candidates. Hiring a new employee is a big decision. But it is also a high-risk one. By investing in HR solutions, you will have the ability to improve the hiring process and recruitment efforts. Focusing on these key areas will not only help with your hiring process but also with retention rates as well as productivity.
Frequently Asked Questions
How can I get started with an AI-powered HR recruitment process?
HR recruitment can get tedious at times. With AI, it can be done in a few hours. For instance, the Adecco Group has partnered with HireVue for video interviews and assessments of candidates. This partnership eliminates the need for in-person interviews to reduce the time spent on hiring.
What are the most popular HR recruitment tools?
A recruitment process is only as good as the tools used to support it. From job boards to chatbots, there are several tools available for any recruiter to use to find the best candidates for their company.
How can the hiring process be improved?
It's no secret that HR recruitment can be expensive; agencies spend millions of dollars every year on agencies to find new talent. However, this process can be improved in many ways. For example, AI could be used to screen out unsuitable candidates before they even reach the interview stage. This would save time for both recruiters and interviewers alike.