The process of talent acquisition is moving fast and way ahead from digging through thousands of candidates’ applications. Today, many technology innovations are influencing the staffing industry to hire the top talent and better the organization. This has resulted in a data-driven approach, which is currently trending the talent acquisition & staffing technology and services market. The primary objective of adopting the talent acquisition & staffing technology and services, is to deliver the best candidate experience. Additionally, this technology aids in understanding a company’s actual potential and recognizing the need of new talent.
The emergence of tools to enhance the talent acquisition process has set certain elements including candidate sourcing, engaging, and hiring at the end. One of the most important components of candidate sourcing is employer branding and recruitment marketing. It displays the distinctiveness of the organization, attracts the talents, and enriches the engagement of the employee. The companies reach out to target candidates through social media and research. While this approach helps to identify appropriate candidates from a vast pool of talent, it also cuts down the repetitive recruitment process. Job advertisement and online staffing automate the searching phases and add more value to the talent acquisition & staffing technology and services market.
Enhancing Candidate Engagement in the Staffing Technology
The latest adoption of the staffing firms are ‘Chatbots’. Accuracy of data is the feature that contributes to the importance of such artificial intelligence (AI). It automatically responds to general concerns of the candidate and saves a lot a time for the recruiter. Before facilitating the communication, the hiring assistants use smart algorithm to pre-screen the resumes of the candidate that helps in identifying the appropriate ones. Moreover, the candidate engagement is enriched by texting which is the fastest growing and comfortable channel for communication. Video interviewing is also a trending process in the talent acquisition & staffing technology and services market. Such varied forms of communication help employers or recruiters to connect with thousands of job seekers.
The data-driven process shows improvement even in diversity hiring or to the whole hiring experience. This power of machine learning tackles the lack of information and discovers candidates who aren’t found through the manual process. The evolution of such technologies have brought major changes to the recruitment landscape. Application of artificial intelligence in the hiring process help in predicting the results and retention of the employee based on job and organizational factors.
Innovations Centered to Intelligence-based Talent Sourcing & Hiring
The emerging trends of artificial intelligence can be adopted in the recruitment process by staying up to date and experimenting it within the organization. Apart from improving the sourcing, engaging, and hiring process, AI delivers more benefits in talent acquisition & staffing technology. It can predict more about the candidates through profile augmentation, natural language processing, and advanced competency test. The results help in understanding the interests, language fluency, and cognitive and emotional traits of the candidate.
Such innovations emphasis more on intelligence-based hiring process which in turn foresees a remarkable future for talent acquisition & staffing technology and services market. As indicated by a recent research outlook, the global revenue of talent acquisition & staffing technology and services market is likely to expand at a compound annual growth rate of 6.25% over the next decade.
Detailed insights on this market and the estimations offered for the next 10 years, can be available on https://www.futuremarketinsights.com/reports/sample/rep-gb-3300
Author: Abhishek Budholiya (https://twitter.com/aabudholiya02) is a tech blogger, digital marketing pro, and has contributed to numerous tech magazines. Currently, as a technology and digital branding consultant, he offers his analysis on the tech market research landscape. His forte is analysing the commercial viability of a new breakthrough, a trait you can see in his writing. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.
