As technology matures and the adoption of new tech has increased, talent acquisition has become progressively easier with the right tools. Many stages of the recruitment process today have already been automated. A good example of this are the many HR departments which are already using chat bots, to shortlist likely candidates and handle administrative tasks - something which has only recently been possible.
However, the automation of candidate management has a lot more to offer that just some admin management. An article in the Harvard Business Review titled How to Hire with Algorithms points out that hiring is essentially a prediction problem. The primary objective of the recruitment professional is to predict if a candidate has the attributes that are needed to fit into the job that is to be filled.
Statistical algorithms can play an important role in identifying candidates and judging whether they could be a good fit. The authors of the Harvard article were involved in a study that used machine-learning algorithms to analyse data used in the selection of police officers. They found that by using information about educational background, survey results, and test scores, police departments can predict which officers will be involved in a shooting or accused of abuse.
How your candidate management process could be losing out because of a lack of automation
Scrolling through hundreds of résumés isn’t the best use of an HR professional’s time. Nor is answering routine questions from candidates about the job or the application process. In fact, there are several disadvantages to holding back on the automation of your HR department.
Here are some of the benefits that a good candidate management system or applicant tracking system can provide:
- It can save HR managers a great deal of time and consequently boost their productivity.
- Your company can get access to a larger pool of candidates.
- The recruitment process can become faster. Candidates are also likely to report a higher degree of satisfaction with the interaction that they have with your company.
- Onboarding activities can be automated leading to making candidates available for work sooner.
Here's what the best candidate management systems can do
Automated systems can help an HR department in various ways. Consider the features that eightfold.ai offers. In addition to reducing the time that it takes for a candidate to get to the interview stage, the platform promises several other benefits.
It can centralise all your employee data and help to identify the most suitable applicants from both external and internal pools. Eightfold.ai uses artificial intelligence to match candidates with jobs. The system can even quantify hiring bias within your organisation. According to its data, this occurs 35% of the time within in-personal interviews and 10% during online interviews.
Workday, based in Pleasanton, California, provides a cloud-based system that merges payroll, benefits, time tracking, and recruiting. It even allows you to integrate your core candidate management system with connectors for social media, online job posting, and recruiting marketing.
Some of the tools that Workday provides can be a real boon to the HR department. For example, its software reviews 60 different types of data, which include pay, the time between holidays, and the frequency in changes in manager to whom the employee reports, to judge if the worker is likely to resign.
The future of recruitment technology
It’s ironic that there are large numbers of candidates who find it difficult to land the right job, while, at the same time, recruiters struggle to identify suitable hires. An automated system can offer an optimal solution. It will be able to sift through thousands of résumés, identify high performers, and even handle the routine activities associated with the recruitment process.
With the rapid progress that has taken place in candidate management, the industry is moving towards completely automated solutions, which do away with human intervention altogether. However, before you adopt a new automation tool, it’s advisable to check whether the output that you will get from it fits in with your organisation’s culture and its requirements.
Making the correct choice can aid in streamlining your HR processes while simultaneously cutting costs. Above all, you will be able to identify and hire the people who are best suited to help your organisation meet its goals.