For most organizations in the digital era, finding the right talent is often even more challenging than getting new customers. The pandemic has made things even more complex as there are changes in expectations from employees and employers alike. While candidates give greater weightage to factors like EVPs, diversity, and inclusion, and their hiring experiences, companies are increasingly focusing on skill-driven hiring for the future.
This is where emerging technologies such as cloud-based AI and machine-learning-powered talent assessment platforms have come across as major boosters for enterprises. According to a report from PwC, more than half of companies have expedited their AI integration during the pandemic, and the pace will further increase as more benefits in the form of business growth and competitive edge manifest.
HR personnel will also be able to lift employee experience through such tools, and the day is not far when AI-driven automated hiring and talent assessment tools will become the standard and not an exception. Whether you wish to hire new talent, undertake campus recruitment drives, carry out performance appraisals or plan skill development strategies, technology will help in achieving the goals. There are various ways in which emerging technologies are set to transform recruitment processes.
AI-Powered Recruitment Tools
Artificial intelligence (AI) is now being increasingly used to automate and streamline end-to-end recruitment processes. Top-of-the-line AI recruitment tools can help in screening resumes, conducting analysis of candidate data, and identification of top talent.
One can conduct asynchronous initial interviews, and tests for skill proficiency, English language knowledge and even behaviorto determine whether a candidate is the best fit for the company. This kind of extensive evaluation through automated tools can significantly reduce the effort of recruiters and speed up the hiring processes by more than 60%.
Video Interview Tools
Even when the pandemic disrupted regular office work, the talent acquisition processes continued, and video interview tools emerged as key enablers for recruiters all over the world. They conducted virtual interviews and remotely hired talent.
Even now when offices have reopened, video interview tools give flexibility to schedule discussions at the convenience of candidates and hiring managers. This saves time and effort. Recruiters can replay and conveniently analyze a candidate’s body language, responses, and behaviour during the interview to make a well-informed decision.
Gamification of Recruitment
Gamification is an interactive technique that is rapidly gaining popularity in tech hiring cycles. Companies use game-like elements to create challenges and candidates are required to use their analytical and problem-solving skills as well as coding expertise to overcome them. Through gamification, employers can accurately assess the skills and traits of the candidates in an engaging and relaxing manner, and determine whether the person is ideal for the specific role or not.
Apart from hiring new talent from campuses or from the existing talent market, tech-driven skill assessment tools are also extremely valuable when it comes to nurturing talent. Here are some technologies being used by leading talent assessment platforms to achieve this goal.
Virtual Reality (VR)
VR is a highly impactful way of training employees in several industries. By creating a realistic and immersive virtual environment, companies can enable their employees to learn and hone their skills in a safe and controlled environment. VR’s best use is in recruitment for industries like healthcare, heavy manufacturing, aviation, defense, etc.
Augmented Reality (AR)
Comparatively newer to VR, AR tools are now being increasingly used to train employees. AR technology brings digital elements into real-world settings, enabling learners to get instant access to information and real-time guidance. It is a wonderful technology for sectors like construction, fashion, retail, logistics, etc.
There are several smartphone apps that can provide high-quality learning opportunities ranging from basic modules and certifications to expert-level graduation and post-graduation courses. Mobile learning is ideal for those who are on the move or wish to learn from anywhere, anytime.
Through advanced data analytics tools, companies can identify talent gaps and individual performance as well as areas for improvement. Data analytics can facilitate individualized learning and sharpening of skills that can benefit the personnel in their current roles as well as in becoming future-ready.
Emerging technologies especially the integration of AR, VR, AI, data analytics, and video communication into holistic talent assessment platforms are revamping the future of hiring globally.
Companies that quickly adopt advanced tech-driven hiring will not only be able to find new talent faster and at lower costs but will also boost employee performance and productivity in the times ahead!