Over the last decade, we’ve seen recruitment shifting in numerous ways, be it the way recruiters source their candidates or the way recruiters speak to their candidates. A lot of this, though not all, can be credited to Digital Transformation and its catapulting affects; there have been a number of macroshifts in the domain of talent acquisition, which have made the trusted and widely-followed practices obsolete.
Recruitment is a challenging process in today’s ever-evolving, continuously-in-flux world. There are many solutions available for the talent acquisition leaders to aid the recruitment process, such as online skill assessment tools, cloud-based data management software, and interviewing tools, etc.
Recruitment is a chaotic process, which is now being simplified by technology. There are skill assessment tools, websites, job portals and many other things to assist the hiring process. The purpose of using technology for assessment and the interview process is to obtain useful information from the applications and find the perfect candidate for a job. Especially in cloud computing which is all about use of hardware and software to deliver services over network.
For decades, an ideal job has been considered to be a full-time, 9 to 5 job with benefits. But this ideal is now being deconstructed to fit the new skill economy with new expectations.
In a report published in 2019 by IBM, it was reported that the average cost of a single data breach is over USD 3.92 million.
We read every day that we’re in the fourth wave of Industrial Revolution, and businesses are adapting and changing by the minute to thrive in this new dynamic. Technology has become an essential component of every business, including HR.
Just a decade earlier, storing and maintaining data was a nightmare: there weren’t enough processes, inadequate infrastructure, and the lack of technological know-how to create that data into valuable information. However, with rapid technological advancements, we now live in a data rich environment. Around 2.5 quintillion bytes of data is generated and processed every day. Even the AI/ML algorithms have matured slowly to process this data. Therefore, it only seems fitting that data science is a job that has observed a high demand in the market lately.
90% of CEOs believe that digital transformation (DX) will impact their industry, but less than 15% are executing a digital strategy right now. While such slowness and reluctance to adopt would not have had such a huge impact before COVID-19, digital transformation is now no longer a choice, but rather a crucial driver of revenue, efficiency, and growth.
“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change” — Charles Darwin (1809-1882)
Work from home is a much-used term these days. Organizations usually have a defined set of processes in place for remote employees and for the one-off instances where a team or department resorts to ‘work-from-home. In fact, this is an option that offers your employees an added flexibility and if research is to be believed, it has also shown higher levels of productivity. Automattic, best known for giving the world WordPress.com, is working on a completely distributed model with employees all over the globe. So yes, there can be a success with remote working models.
Every business has procedures and processes of their own when it comes to hiring and recruiting candidates. They have separate timelines, resources, expectations, needs, and priorities. However, there are some standard tips and guidelines that any company can apply to recruit the best candidates.
