In the new normal organizations are adopting technological innovations to ensure employee satisfaction at the workplace. Largely driven by the pandemic-induced business models - hybrid and remote working models, the dynamics of work have and are changing for the better. From enterprise chat applications, virtual agents, mobile compatible apps, to web-based recruiting so.
With the dynamics of work having changed majorly due to the latest hybrid and remote working models, organizations are taking an even more cautious approach to ensure employee satisfaction at the workplace. Among many contributing factors to employee well-being, hiring is one of the first and foremost. Did you know that nearly 4 out of 5 candidates, that is, at least 78%, feel the overall candidate experience they receive is an indicator of how a company values its workforce?
Challenges faced by organizations and how enterprise recruitment software can help:
Challenge 1:
Finding qualified candidates: In a highly competitive job market, finding the right fit, a candidate with the skills and experience matching the job requirement is difficult, especially for niche or highly specialized roles.
Solution:
With enterprise recruitment software, you can reach a large pool of candidates through different online platforms, including job boards and social media channels. The powerful search algorithms and AI-powered candidate-matching capabilities ensure you hire the right person. The filter options to accurately identify the skill set, values and personal goals is another best feature.
Challenge 2:
Time and cost: The hiring process can be time-consuming and expensive, especially if multiple rounds of interviews are required.
Solution:
Enterprise recruitment software can automate many of the tasks associated with the hiring process, including resume screening, scheduling interviews, and collecting candidate information, and you can save time and reduce costs. According to a report by Boston Consulting Group, recruiting automation can help companies reduce time-to-hire by up to 25% and cost-per-hire by as much as 30%.
Challenge 3:
Background checks and references: This is one of the most critical steps in the hiring workflow. Verifying a candidate's qualifications and work history is both challenging and time-consuming.
Solution:
Enterprise recruitment software can be integrated with any of your third-party systems to perform an automated background check of the candidate. The software could check the name, address, education, and employment, government records for any criminal cases. This results in an accurate and efficient process. Some solutions may also allow the candidate to submit their own background check reports.
Challenge 4:
Bias and diversity: Building an organization that is diverse and inclusive empowers business. However, there may still exist conscious or unconscious bias in hiring with respect to gender, race, ethnicity, and even age.
Solution: AI-powered recruitment software can read the job description and identify gender-coded words. It can be trained on diverse historical data. It can provide tools for shortlisting the candidate based on skill set and qualifications and blind resume screening where you could strip all the identifiable characteristics in the profile. In some cases, you could investigate or audit the interview process and discover patterns of bias and non-adherence to any anti-discrimination laws.
Challenge 5:
Onboarding and Training: Well now you have onboarded the candidate and it is time for training. You need dedicated time and resources to assess the need, customize the program, find suitable trainers, and measure the effectiveness of training. These are not very easy tasks to do them manually.
Solution:
Nex-gen enterprise recruitment software can automate these steps. The software uses the data to personalize the training for each individual and enables you to access tools to measure the effectiveness. Additionally, it can identify the skill gap and recommend training programs, predict the success rate of new hires and also identify potential candidates who possess the traits for a trainer role. By this way, the HR teams can make more informed decisions and reduce the risk of hiring the wrong candidates for the role.
Challenge 6:
Retention: High turnover rates can be costly and disruptive to an organization, so retaining top talent with the right recruitment strategy is important.
Solution: First of all, enterprise recruitment software can help organizations find the right hire, who is less likely to leave the company. The AI algorithms ensure the job listings are displayed to the relevant profiles, in other words, the software can target the right audience, and it improves over time with better data. Next, it streamlines the onboarding process and training of new employees which directly contributes to employee satisfaction and engagement, reducing the retention rate. Additionally, the software can help with performance management and tracking, which can help your managerial teams identify and address any issues that may be leading to high turnover rates.
Looking to revolutionize your recruitment process with advanced HR solutions? WNS-Vuram’s certified experts specialize in delivering customized HR recruitment software that streamlines hiring and enhances efficiency. From strategy to implementation, we ensure a seamless experience tailored to your organization's needs. Contact us today at ask-vuram@wns.com to transform your hiring process into a smarter, faster workflow!
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