Innovation is constantly taking place within the recruitment industry. Finding the right candidates and convincing them to take on a role has never been an easy task. Advances in technology and new interpersonal and contractual strategies are changing the face of recruitment.
Agencies like Newton Blue that specialize in RPO Recruitment use software to create virtual recruiting solutions for companies on a budget. RPO – or Recruitment Process Outsourcing – is when a company pays an agency to develop and pursue recruitment on their behalf. Virtual recruitment is currently popular with companies that recognize the need to catch potential employees during the initial stages of their search. Advances in virtual recruitment took place at a feverish pitch during the coronavirus pandemic.
Gone are the days when a recruiting agency or company would be satisfied with employing a person after a series of interviews. Modern companies typically test potential hires on their situational reactions, cognitive abilities, and many other factors before putting them on the payroll. Increased testing decreases the likelihood of a poor-quality hire. Bad hires cost companies huge amounts of money.
During the initial phases of the hiring process, lots of time and energy has been traditionally spent weeding out unsuitable applicants. Automation makes this process far easier for employers. Software can automatically detect CV features and will highlight candidates that do not have certain levels of experience noted in their application. However, a human touch is still needed when screening applications further down the line.
Recruitment companies and HR departments are increasingly reliant upon the use of vast and varied datasets to find and pick new recruits. Big datasets can be used to develop a good picture of the workforce availability that a company has when recruiting. The screening of online CVs by companies allows them to understand just where the careers market is at any given time and allows them to advertise for roles accordingly. Online recruitment platforms like LinkedIn and Glassdoor give companies access to huge quantities of workforce data.
Big data is also used by recruiters to develop a picture of what the workforce market will look like in the future. This involves the computerized analysis of trends in employee data to create accurate forecasts. These forecasts allow companies to strategically plan their recruitment objectives.
As the world continues to become more unstable and the economic and political changes experienced by potential employees become less predictable, benefits offered by companies are becoming a more important factor in recruiting the right staff. Employee benefits can range from medical coverage to paid time away from the office. More and more companies are offering their staff mental health and wellbeing care at discounted prices as part of their benefits packages. Employees recognize that finding a good workplace is not just about finding the right working environment and pay package: they need to have a broad range of benefits in order to be tempted into signing a contract.