Recruiters often face challenges when it comes to screening and selecting a candidate. The hiring process can be lengthy, time-consuming, and costly. Additionally, there's always a risk of unconscious bias that creeps in, which can affect diversity and inclusion in the workplace.
We all understand the importance your workforce holds in your organization. Still, monitoring their growth, development, and overall performance is complex without having an in-depth idea of their skills and capabilities. With no visibility into your employee's qualifications and skill sets, it becomes tough to:
As the world continues to digitize, traditional recruiting practices are becoming obsolete. Since the pandemic, a number of organizations have adopted WFH or hybrid models. With this, talent teams had a wider net to cast, which also meant shifting to digital hiring.
Upskilling is the need of the day. As a matter of fact, a recent study says that organizations will increase L&D budgets by67%.In fact, several organizations are now spending as much as $5000 per employee on L&D. Even the employees are on the same page when it comes to upskilling with 76% preferring to stay in an organization the providescontinuous learning opportunities. But measuring the outcome of L&D programs still remain a challenge.
Earlier a skill used to be relevant for 2-3 years but now remains in demand for only six months. So, keeping track of necessary current and future skills is important for all recruitment professionals to hire the right person for an open position.
Let's face it: the recruitment lifecycle is complex. Modern recruitment professionals have to consider many metrics to ensure that they source, interview, place, and onboard the best applicants for each position. As a result, recruitment analytics tools have become an integral part of every modern recruiting strategy.
The conventional recruitment process comes hand in hand with some incredibly repetitive and time-consuming tasks, which comprise of heaps of paperwork, miscommunication, lack of insights, human errors and so much more.
Recruitment has undergone several changes in recent times. This shift has led talent acquisition teams to require multiple software solutions to aid the process. One solution is the AI recruiting software, which is helpful from sourcing to shortlisting candidates, helping companies overcome the hiring challenges faced. As a result, AI recruitment tools have become essential for companies worldwide.
The development of digital technology has significantly changed how people work. Nowadays, an increasing number of people are opting for remote work, inferring that organizations must re-evaluate their hiring practices and turn to online hiring tools to find and recruit talent to make their hiring process more convenient.
According to OpenView’s 2022 State of SaaS’s Talent report, the cost per hire has increased by 20%, days-to-hire has increased by a whopping 91%, and companies are seeing a rise in expectations in compensation. In such a situation, companies are turning to SaaS recruitment software to cut down hiring costs and efforts.
Employee skill and knowledge gaps are becoming a challenge and affecting an organization’s overall productivity. According to McKinsey & Company, 87 percent of the companies all over the world know that their employees either have a skill gap or will have one in the coming years.
