Counting on AI Support in Recruitment
August 6, 2020Artificial Intelligence in recruitment – A Case for automating tasks AI, within the scope of recruitment/HR functions is witnessing expansion to help streamline and/or automate high volume or repetitive tasks. It is also helping to minimize manual screening of resumes. This is just one application of the technology in recruitment. The major challenge for recruiters is screening of candidates from a large pool of talent. Manual screening is one of the most time-consuming functions; on an average, recruiters spend 13 hours per week to just to source candidates for one role, and expectedly, there are so many resumes that they …
Hiring Trends in the UK and US during the COVID Pandemic
August 5, 2020The COVID-19 pandemic has disrupted the global recruitment and staffing industry. Companies are no longer calling candidates to come for in-person interviews, preferring to conduct interviews using virtual means such as video calling or live sessions instead. Technology companies have taken the current crisis seriously and have displayed utmost concern for their employees. Companies have started to prepare for a post-COVID world where social distancing will hold sway for some time to come. Companies are exercising caution when it comes to recruiting; many are requesting candidates’ travel history (both personal and official itinerary, if any) made in the past three …
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Recruiting in the Age of Stringent Data Privacy Laws
April 15, 2020While analytics, decision-sciences and AI/ML-led automation have become mainstream technologies for virtually every major corporation today, and the smaller companies being at different stages of adoption ranging from assessment to blueprint to vendor selection or starting up with implementation, the focal point of discussion has shifted – to the ingredient that enables digital transformation; Data. Factors like competition, changing customer expectations, demand for more personalized digital journeys and market forces are determining the direction and urgency of an organization’s transformation needs. New technologies are often seen as disruptors; and serve as levers to drive innovation. Ethics as a competitive differentiator …
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Talent acquisition using Immersive Tech? The time may have arrived!!
October 25, 2019The global immersive technologies market size, which includes Augmented Reality (AR) and Virtual Reality (VR) is expected to zoom past US$180bn by 2022, as per a research conducted by an international technology M&A advisory firm Hampleton Partners. While the global market for VR technologies is likely to surpass US$17bn (up from US$2bn in 2016, growing at a CAGR of 44.5%), the AR market will witness a faster trajectory of growth to reach a size of US$161bn (up from US$4bn in 2016), growing by a massive CAGR of 85.4%. While the global gaming and entertainment industry is behind the surge in …
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How Talent Re-discovery can save your time and costs
October 20, 2019Have you ever tried to assess the RoI on your sourcing costs? Most probably your answer would be a ‘no’. Recruiting teams spend dollars while trying to create a resume pool/ talent pipeline but the majority are not very particular about the value-add on the monies spent. In all probability, it is because most organizations view sourcing as a part of the overall recruiting function and not as a separate function. Measuring performance including financial is generally done on the overall process rather than at individual stages. The volume of resumes is a double-edged sword. On the one hand there …
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Making the case for Predictive Analytics in Recruitment
October 11, 2019In one of our earlier blogs, we had started with the basics as to what constitutes data-driven recruitment, the potential pitfalls of a bad hire, the economic aspect of it and where does data-driven recruitment come in – not only as an enabler but also as an important value-add to the recruitment value chain. While a metric-based or a performance-centric approach can mark the initiation of a data-driven strategy in recruitment, research points out that the growing importance of the recruitment function at the strategic level calls for a well-defined strategy that finds resonance with the overall business objectives. In …
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