With the increasing use of technology, business operations are not the only aspect that’s changing; the screening and hiring processes are also evolving. The parameters for selecting and hiring new talent is much different than it was in the time of our forefathers.
In the fast-paced tech industry, HR specialists need to opt-out of long-standing traditional practices with modern alternatives. These new trends in recruitment are more candidate-oriented and encourage skill-based hiring over educational and professional credentials.
As the year progresses, here are some of the significant tech recruitment trends you are likely to see in 2020:
Recruitment Trends in the Tech Industry for 2020
Many of the upcoming recruiting trends center around improving the candidate experience and automation of hiring processes:
1. Integration of AI in Recruitment
One of the significant recruitment technology trends is the integration of AI and predictive technology to automate HR processes. The AI-powered systems will work on an algorithm that will decrease hiring time by automating candidate screening, scheduling interviews, and maintaining ongoing communications. With the combination of ATS and HRIS (human resource information system), AI software will perform pattern recognition, natural language processing, and data analytics.
2. Improved Candidate Experience
A candidates’ experience is their perception of the company and their recruitment process. It is one of the most influential factors that determine the company’s future. For instance, a candidate’s negative hiring experience would discourage other potential applicants from joining the organization.
3. Employer Branding
In 2020, companies will work on improving employer branding to attract the best talent and encourage positive communication with potential candidates. Shorter application forms and gripping job descriptions are two ways you can improve your employer branding. Additionally, targeting a wider audience will also encourage the top-quality talents of other nations to join the organization.
4. Social Media as Recruitment Platforms
Social media is the most dynamic tool for not only recruitment marketing but also for sourcing and hiring new candidates.
HR can leverage social media recruitment platforms, like Apply Up or LinkedIn to post job offers, scour the web for candidates, and engage the talent. Its multiple uses make it one of the most beneficial additions to traditional recruitment strategies. Not only is social media a channel for employers to interact with candidates and build employer-candidate relations, but it also offers access to a global talent pool.
5. Real-Time Analytics
One of the most beneficial trends in recruiting in 2020 is the use of real-time analytics in recruitment strategies. With AI-powered software and predictive analytics at their disposal, the HR sector will witness increased cognitive decision-making.
Recruiters will be able to perform data analysis for sourcing, screening, and hiring candidates. Additionally, real-time analytics will help in analyzing employee moods, managing leave requests, and training recruits.
6. Work Culture Means More Than Pay Cheque
2020 will see the increased importance of work culture over pay cheque among the millennials. According to studies, individuals would willingly work for a company at a low paygrade, if the culture is motivating and nurturing. That said, companies around the world are putting in the effort to organize their work culture to better suit their employees.
7. Unbiased Hiring
Increased focus on improving company culture also implies letting go of gender biases. Upcoming recruitment trends encourage diversity in the company talent pool, meaning more women in the tech industry.
The integration of AI in hiring processes will help remove all kinds of biases when screening applicants. Furthermore, it will also broaden the pool of potential candidates, so there’ll be more people to sort through to find the best recruit.
8. Skill-Based Hiring
Unbiased hiring prioritizes an individuals’ skillset than their educational or professional credentials. AI-powered programs will screen applicants based on their skills, problem-solving capabilities, behaviors, and analytical powers. It will help expand the talent pool within the organization and improve the candidate experience as well.
9. Shrinking Economy, Limited Talent Pool in the Market, Low Budget
Many people predict a shrinking economy in the coming years. Plus, with many members of the older generation retiring, there will also be a limited supply of talent in the market. So not only will there be no extravagant recruitment marketing strategies, but also a shortage of candidates to fill roles in the organization.
10. Result-Driven Job Marketing
The decline in the economy will encourage HR managers to be more creative in their recruitment marketing despite a limited budget. Instead of traditional job board advertising on flat fees, recruiters will focus on performance-based solutions. There will be more transparency around job postings and targeting of tech candidates. Furthermore, you can expect an increase in in-house recruitment as companies prioritize the retention of their current talents than hiring recruits.
11. Building Candidate-Employer Relations
The gap in supply and demand for new talents will encourage employers to strengthen their connections with all applicants before any vacancy arises. It will also relay a positive company image by providing a positive experience for candidates who were rejected for a role.
Additionally, it will provide the company with a talent pool that is already familiar with the company culture and invested in its growth.
12. Increased Customer-Centricity
The idea of customer-centricity has been around for quite some time, but today’s competitive market will see an exponential rise in valuing customer experience above all else. That said, users and clients will be the focal point of all decisions.
13. Leadership Skills in Demand
In the coming years, one of the top skills in demand would be leadership skills. Recruiters will be looking for individuals with contemporary people leadership to boost unity and autonomy amongst teams.
14. Increased Hiring for Soft Skills
Apart from leadership, many other soft skills will also be in demand. Abilities like problem-solving and communication that were once ‘nice to have’ are now ‘essentials’ in the corporate market. Workers with critical thinking and ability to adapt to the new technology will find themselves quickly rising the ranks within the company.
15. Maintenance of Internal & External Talent Pool
The shortage of skills is a driving force, compelling businesses to search for recruits from every possible source. And the best option is the internal and external talent pools. Building relations with candidates is one way to establish a talent pool for the company to consider when new vacancies arise.
What is the Future of Recruitment?
The future of recruitment in tech industries and others relies heavily on emerging technology, and hiring trends show that individuals with the ability to adapt to the tech will be preferred to fill any vacancies.
However, no matter the recruitment tactics or technology, the primary purpose is the same. Organizations want a hiring strategy that promotes positive candidate experience and attracts the best fit talents.
I hope the blog helped in understanding some of the top recruitment trends for 2020. Optimize your hiring strategy following them and gain the best new hires for your company!