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It is undeniable that efficient recruitment is crucial for any company, but in today’s highly competitive market, finding skilled talent can be incredibly difficult and costly. Attracting and hiring experienced professionals that are not only a good fit for your company’s culture but who also have specific skills requires a modern approach. After all, recruitment strategies that worked in the past are quickly becoming outdated and simply ineffective when seeking to acquire top talent in our modern era.

In the past, businesses relied on traditional methods to reach potential candidates with new job opportunities, and for a time, these methods produced positive results. From classic print advertising to today’s modern recruitment practices driven by data analytics and machine learning, the methods used to find and recruit skilled professionals have been steadily evolving to address new hiring challenges and remedy flaws in antiquated hiring techniques.

The aim of new HR technology and modern recruitment methods is to lower turnover rates, increase the speed of hire, increase the quality of hire, and make all-around better placements.

Targeting

Recruitment is about targeting the right markets and reaching desirable candidates, yet many still use basic methods that are inefficient, time-consuming, and have little guarantee of success. In our internet-fueled society, using online resources such as social media or a company’s webpage is the standard operating procedure. It does help give a job posting the potential to be viewed by a large audience, yet it has its flaws and inadequacies, such as large percentages of online applicants not meeting the requirements for a given position.

New recruitment techniques take it a step further and make the most of the vast amount of valuable information available online in order to help companies target specific candidates through modern data analytics and varying big data sources. Then, with the use of specialized software, recruitment professionals can scan through a multitude of online sources and build databases that can filter through thousands of potential candidates incredibly fast. The main goal is to accurately identify and connect with professionals who have ideal qualifications for distinct roles more actively than past recruitment methods.

Finding The “Right” Fit

How a candidate “fits” into your company’s culture is a huge factor in today’s modern recruitment process. Traditionally, recruitment companies would find a few good candidates and “pitch” them to companies that have openings. These methods focus more attention on candidates than a company’s internal needs. This can lead to acceptable hires but there’s a risk of the new employee not being able to integrate successfully into a team, causing exponential problems down the road.

Companies truly desire a new hire that is an excellent contributor to their already established teams. Modern recruitment methods pay great attention to the needs of a company; sourcing and screening processes are more rigorous, striving to bring only highly qualified professionals who are a perfect cultural “fit” to an organization as well.

Screening

Screening candidates’ resumes are one of the most crucial aspects of the hiring process. The majority of recruitment professionals agree that the hardest part of recruitment is screening resumes fairly and effectively, especially when you have to filter through hundreds, if not thousands, of applications.

Modern recruiting technology allows HR professionals to automate many time-consuming processes, helping recruiters screen through thousands of resumes quickly, accurately, and with less bias. Utilizing these specialized recruitment tools gives hiring professionals the means to focus more of their energy on human interaction and forming professional relationships.

Speed and Accuracy

The ultimate goal of candidate outreach and prescreening is to produce interviews with the best candidates, but going through each one is a time-consuming hassle. There is a plethora of data and qualifications to assess, and doing background and reference checks for each candidate can cost management a significant amount of time. Also, additional factors make this step of the recruitment process even more grueling, such as applicants sending their resumes without looking at the job requirements, forcing hiring managers to spend a lot of their time and energy conducting pre-interviews.

Data analytics software and machine learning are now utilized to assist recruiters in determining if a professional understands the job requirements and the position they are applying for in detail, helping to filter out candidates that are ideal for a company’s needs. These premilitary screenings can be automated using AI-powered tools, saving a tremendous amount of time and effort in uncovering the best candidates for a position.

Saving Cost And Reducing Risk

Depending on the number of positions a company is seeking to fill, recruitment costs quickly multiply the longer a position stays open, making it an expensive process for businesses. Undeniably, the time it takes to source, screen, and ultimately hire the right candidate has a huge effect on a business’s growth and well-being. Every day a position remains vacant hinders a company’s monetary progress and capacity for improvement and even has the potential to bring lucrative projects, new initiatives, and significant opportunities to a grinding halt.

Manually generating a pool of capable people and screening each one in-house requires lots of person-hours from senior-level staff from different departments, affecting the flow of business – and, in the end, can still be ineffective. Not to mention the costly consequences companies have to suffer if they make a bad hire that eventually results in termination – wasting significant amounts of company time, effort, and resources only to start the recruitment process all over again.

It’s for these reasons, and many more, that a growing number of companies, from international brands to start-ups, are choosing to partner with recruitment firms that utilize state-of-the-art software and data-driven strategies. Through these new practices, recruitment professionals can identify ideal candidates with great accuracy and proactively source qualified professionals quickly. This kind of efficiency in the recruitment process drastically reduces the time it takes to fill a specialized role, minimizes the risk of a bad hire scenario, and almost guarantees satisfactory placement every time – saving companies a great deal of money and trouble in the long run.

A company’s success will always be closely tied to its ability to identify and recruit professionals with the proper skills and experience to achieve business goals and promote growth. With the evolution of new and exciting tech and innovative data-driven recruiting methodologies, companies and recruiters no longer have to make crucial hiring decisions based on gut instincts or spend valuable time and resources creating recruitment campaigns that are slow and unfruitful.
Delve Content Team

Author Delve Content Team

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