The hiring landscape has undergone a massive transformation over the years, especially during the global pandemic. To respond to this overnight transition in the wake of COVID-19, organisations had to quickly reorient their business operations, including talent sourcing, engagement and retention.
As a result, to ensure continuity in this evolving landscape, leaders were pushed to increase their reliance on technology. This is where HR Tech comes into play. In this article, we talk about how HR Tech contributes to reshaping hiring practices, helping employers identify the top talent who can scale their business to new heights.
Digital hiring
A trend that almost all organisations have adopted globally during the pandemic. Even though offices have reopened now, employers continue hiring candidates digitally. And why not? As compared to a physical setup, a virtual setup is much cheaper and offers the same experience. All you need is a laptop or smartphone powered by a strong internet connection to log in to Zoom or Google Meet. And voila!
In fact, from job posting to analysing the best CVs and screening the candidates to evaluate their skill sets, the entire hiring process can be performed online in today’s digital-first world. All of the back-and-forth processes like applying for a job and tracking their application can be addressed with technology, making digital hiring a relevant practice that will likely stay relevant in the coming years as well.
Enhancing talent pool
By leveraging HR Tech, HR teams can effectively shortlist candidates ideal for a job. In fact, not only can they identify the best fits based on the skills they possess, but they can also predict their on-the-job performance and retainability. Yes, that’s the power of technology.
Currently, 53% of companies conduct competency-based interviews and 40% rely on video interviews to hire top talent, as highlighted by a recent Mercer-Mettl report. Clearly, HR Tech demonstrates how technology, besides improving the recruitment processes, also ensures that a firm hires the best talent in the market.
Focus on HR strategy
With HR Tech automating most of the mundane tasks that require a lot of time and effort, it enables HR teams to focus on more critical tasks. After all, we can’t deny that it takes longer to record things manually than to get it done through automation. Hence, it allows more time and space for HRs to prioritise other revenue-generating activities like workforce planning and management, and talent identification and retention, by freeing them from data entry and administrative tasks.
In a nutshell
Every organisation wants top talent to thrive in today’s rapidly evolving business landscape. However, achieving this goal isn’t as easy as it sounds. There are a lot of factors and parameters that employers must look through to onboard the right talent, and this entire process involves massive time, effort and money. But employers can address this challenge by investing in technology and not only improve the hiring experience of candidates but also save a lot of costs that can be spent on business upgrades or expansion.
About the Author –
Mr. Ravinder Goyal, a Passionate Entrepreneur, Trainer, Business Consultant, Mentor and Leadership Coach, has 27 years of entrepreneurship experience in vocational training & placement. He managed a network of 650+ centers across India and trained & placed more than 2 Lacs students. He won several industry awards. He has authored more than 1000 quotes on personal development, success, growth, leadership and more, and the views expressed in this article are his own
