Recruitment is one of the most difficult jobs to do in any type of business. The recruitment process is a lot more complicated than it was 20 years ago. With an ever-increasing pool of applicants and a shrinking number of qualified candidates, employers are struggling to fill jobs. From what I've seen there are few IndieHackers, if none at all building tech for the recruitment industry.
The recruitment process has always been a struggle for employers and hiring managers. Unemployment rates are at an all-time low, making it more difficult to fill jobs with qualified candidates. Recruiters have a lot of work to do in order to find the right person for the job, and they're up against a lot of competition.
With social media, applicant tracking systems, and other noise interfering with the process, recruiters need to stay ahead of the curve in order to see success. Here are some of the trends I see playing out in recruitment this year, for which there are potential opportunities for IndieHackers.
As it stands, 89% of hiring managers use social media for their recruitment needs. More than 50% of professionals are using LinkedIn as a tool to find job opportunities and applications increased by 250% between 2012 and 2017. The problem with social media is that there's so much white noise - every day people post hundreds of times on Facebook, Twitter, etc.
This makes it increasingly difficult for recruiters to sift through the noise in search of qualified candidates. That's why more employers are starting to turn towards recruitment software for assistance. This type of software helps you filter out the noise by sifting through your social networks and other sources for qualified candidates who fit your criteria.
Video interviews are a popular trend in recruiting because they communicate the applicant's personality in a more efficient way. Many employers now choose to conduct video interviews instead of phone or in-person interviews because it helps them get a better idea of how the applicant interacts with others and communicates.
In the current pandemic climate it's much more effective for candidates to interview remotely via a video link and with the rise of tools such as Zoom it's easier than ever to set a video interview up.
Today, there are many video interviewing services available including Zoom, Google Hangouts, Appear TV and more. These services have been put into place specifically for video interviewing so employers can get a better sense of who they're interviewing before meeting them face-to-face.
A recent study found that recruiters who use video interviews are able to hire higher quality candidates and fill open positions faster. Video interviews also provide an opportunity for applicants to evaluate the company culture before accepting an offer. Because the entire process takes place online, companies and candidates no longer have to worry about travel expenses or scheduling conflicts.
One of the most fascinating recent tech trends is artificial intelligence. AI can take over many of the more tedious tasks that recruiters have to do during the recruitment process, like scanning resumes and sorting through applications. It's even possible for AI to run a job interview, determining if the applicant would be a good fit based on their answers.
Naive artificial intelligence and machine learning has been used in recruitment technology for many years, it's mostly used as an automated resume screening system which is supposed to cut down on time wasted sifting through endless poor quality or otherwise irrelevant resumes, however, it's widely known that these systems suffer badly from false negatives and often discard relevant candidates.
Recent advances in artificial intelligence are looking for ways to reduce the false negatives by using better training models, heuristics and NLP built for the purpose of recruitment.
It's not hard to find companies using recruitment software, and more companies are starting to adopt this technology to help with the hiring process. Generally, recruitment software includes a database of applicants, an automated workflow system, and applicant tracking systems.
These are all ways that companies can use technology to streamline their recruiting process and find the best applicant in a timely fashion. The goal is to make it easier for recruiters and hiring managers to find qualified candidates through an easy-to-navigate interface that also provides lots of information about potential applicants.
Good recruitment software is more than just an ATS or CRM, it should integrate with your recruitment website or career pages for an efficient candidate and recruiter experience throughout the hiring process.
Thanks Marc. We've been toying with entering this space with our collaborative evaluation tool. What are some of the best or most promising applicant tracking systems in your view?
Hey Dan. Nice to hear it. I've heard good things about Workable and Greenhouse.
I'll check them out. Thanks.
Great article