Remember how times changed from checking Employment news to checking Naukri.com? Technology today is developing at a rapid pace, and it is becoming increasingly difficult to predict the future of any industry dominated by the human workforce. Will technology completely replace humans or is human brain an irreplaceable entity? This question is being raised several times with no concrete conclusion so far. We might need to wait a little more to find the answer but for now, let’s talk about the recruitment industry – an industry that is believed to be human-centric.
Given below are some of the possible changes that the recruitment industry may go through in the next decade:
- Big data is having a massive impact on all the businesses. It is not a surprise to know that the recruitment industry is using big data analytics to recruit the right talent. Analytical models help companies to sort through a pool of candidates and help match their skills to the correct profile.
- In the past, recruiting meant advertising in newspapers, receiving candidate applications, conducting interviews and so on. Today, companies use a sophisticated applicant tracking system (ATS). From posting vacancies to checking the applicant stage in the hiring process, a recruiter can do everything with this system.
- Artificial intelligence (AI) has also helped advance the recruiting system. AI scans through hundreds of CV’s in a fraction of time compared to humans, thereby making the process less time-consuming. Also, AI does not consider gender, race, language, etc. making the recruiting process bias-free.
- Smart hiring has become the norm. IBM’s Big Blue that uses Watson is a recruitment automation system used by many companies across the world.
- With such advanced technology seeping into the recruitment industry, it becomes challenging to strike a balance between technology and human resource. It is true that technology has helped companies to engage with the right talent, but one cannot completely ignore the role of a human. Technological advances should be utilized by the human resource managers to make smarter hiring decisions, but technology can never replace the human touch.