RECRUITMENT & RETENTION

The Do’s and Don’ts of Refining Your Recruitment Process

Shefali Vasave | January 13, 2022

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?

Employee engagement 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.


Conclusion:

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.

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5 Proven Ways Employers Can Simplify Applying for Jobs Online

Article | March 4, 2022

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3 Companies Acing the Remote Onboarding Process And What You Can Learn

Article | March 3, 2022

Organizations worldwide had to reimagine their hiring processes almost overnight in 2020. As a result, the role of human resource professionals has become increasingly challenging. From optimizing hiring processes to cultivating new remote-friendly company culture, the transformation was unprecedented. However, as the grip of the health crisis loosens, companies are increasingly acknowledging the value of remote work. Virtual workers are the focus of new policies, strategies, and even processes, even as remote offices move to hybrid workplaces and virtual workers become more important. But looking forward, human resource teams still have their work cut out for them. There is much to calibrate, and it must be done quickly. And it all starts with a sound onboarding process. In this article, we talk about how recruiters can fine tune their remote onboarding process and leverage the advantages of the new hybrid working culture. 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Best Practices for Enhancing Cybersecurity Awareness in the Workplace

Article | February 28, 2022

Importance of Cybersecurity Awareness in the Workplace As the world becomes increasingly interconnected, more people and businesses are using technology, increasing the risk of data loss and theft. Cyberattacks are becoming more sophisticated and difficult to detect. The cost of cybercrime is also on the rise. In 2016, cybercrime cost the world $450 billion—an average of $12 million per hour. In 2022, things are getting even more serious. According to Fintech News, there has been a 600% uptick in cybercrimes following the COVID-19 pandemic. Cybersecurity compliance is not just about protecting the resources of your company, but also about your employees, customers, and stakeholders. It’s important to understand the serious implications and what organizations can do to tackle cyber security in the workplace. HRM leaders have the added responsibility of ensuring that the correct cybersecurity protocols are in place. Due diligence starts right from the hiring process. 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While working from home is the need of the hour and is becoming the most popular way to work, there is an increasing need to fortify digital security. In fact, a study by Tessian suggests that 47% of employees cited distraction as the reason for falling for a phishing scam while working from home. According to Malware Bytes, remote workers are also responsible for security breaches in 20% of organizations. 3 Tips for Delivering Cybersecurity Awareness Training in Your Organization Since employees have access to sensitive company data and customer information, it is essential to provide cybersecurity awareness training that does not jeopardize said data. Consider the case of Avast, a Czech cybersecurity firm specializing in anti-virus software solutions. In 2019, a hacker was able to compromise an employee’s VPN credentials. The attack was aimed at inserting malware into Avast’s product. Though the attack did not threaten customer data, it could have posed a major security threat to Avast’s customers and jeopardized its reputation. “Cyber attacks are not only becoming more prevalent but also more clever in how they attempt to steal sensitive information from users.” - Adam Cason, Vice President of Global and Strategic Alliances at Futurex In order to protect your organization from these cyber security risks, you want to create a culture that fosters cybersecurity awareness and promotes the importance of security awareness training among employees and management alike. Here are three tips for creating a new digital culture in your organization: Onboard New Employees With Cybersecurity Awareness Training For a solid cybersecurity awareness culture, consider disseminating training as part of the standard onboarding process. 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THE RECRUITER

THE RECRUITER empowers companies in their recruitment and HR projects, trusting that Human Factor, thanks to committed, motivated and implicated people, bringing success and added value in any business. Our approach is strictly confidential and our consultants lead every assignment with ethic, professionalism and dedication.

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