Technology transforms the HR industry
Amid the major game-changing trends in the hiring industry, data and artificial intelligence have been the most embraced trends across all sectors in 2018. With advancements in technology, companies can now access in-depth data of an employee to improve the reach and efficiency of employee engagement. A recent report released by Accenture claimed that if businesses were to invest in Artificial Intelligence (AI) and human-machine collaboration at the same rate as top-notch companies, they could boost revenues by 38% by 2022 and raise employment levels by 10%. Below are some of the technologies being used by companies to recruit and retain talent and workforce:
MOBILE-ENABLED HR
Mobile phones are also rapidly changing the hiring space. It is one of the simplest mediums to receive a candidate’s applications and engage with them with regards to their applications. It allows candidates to upload any document with ease and has made all communications easy and prompt.
CHATBOTS
Chatbot recruitment can help much of the front-end initial interaction, helping organizations reduce the time invested to find a new hire by 80%. Chatbots aren’t just used for gathering recruitment information. They can respond to queries and deliver further data as part of the hiring process, enabling live interaction with the applicants.
BIG DATA
Big data is having a huge impact on the hiring patterns of companies.
Big data can sort through text and video files and combine the information gained, then analyze a candidate’s social media channels and merge this information into a meaningful whole. HR professionals can use big data to hire the best candidates and come up with the best engagement strategies.
EMPLOYEE ENGAGEMENT & PRODUCTIVITY
Technology has undeniably transformed the global business landscape. Employee engagement tools are dynamic platforms like Skype or social media platforms that employees use for internal communication. From hire to retire, there are now software programmes for each stage of the employee life cycle that allow HR professionals to perform more efficiently and increase overall productivity of the workforce. These programmes also allow HR professionals to specifically seek or avoid specific traits in their future hiring.
Technology has now made it more than possible for HR professionals to measure the competencies and personalities of new and existing employees, so that they can analyze and compare their productivity over time. As such, they are rapidly adopting latest technologies to shorten recruitment procedures, improve hiring ratios and free up resources from complex tasks.
CHATBOTS CAN BE USED FOR GATHERING RECRUITMENT INFORMATION AS WELL AS INITIAL INTERACTION