Data can Optimize the Hiring Process and Talent Acquisition

By HR Tech Outlook | Friday, May 31, 2019

hiring process and talent acquisitionFREMONT, CA – Every high performing organization leverages data in their decision-making process. Data is no longer an adjunct component of the process but a driving force. Data management has evolved into a sophisticated approach, which includes data visualization charts, complex figures, and engaging presentations to drive the organization forward in the right direction.

The low unemployment rate in the United States has spurred the companies into adopting standardized and innovative hiring processes to attract the top talent. Several organizations are leveraging data to boost their approaches, and are yielding incredible results. Data-driven hiring approach not only speeds up the process of identifying, contacting, and hiring the best talent, it ensures greater efficiency and lesser costs.

Hiring organizations are incorporating advanced software to gather and filter a vast amount of data, such as candidate sources, locations, cost-per-hire, quality, and retention rate to develop a streamlined hiring process. However, harvesting the relevant data from the sea of information plays a vital role in identifying the weaknesses of hiring, such as bottlenecks, hiring problems, and evaluating the competition in attracting the best talent.

The traditional hiring approaches are antiquated and place excessive pressure on HR personnel to carry out the repetitive tasks of identifying, contacting, hiring, relocating, onboarding, and training the potential employees. Utilizing HR technology to automate the repetitive tasks of collecting and analyzing data will allow the HR personnel to perform more critical tasks which add value to the company. It can streamline the process of hiring and eliminate the risk of losing talent to competitors.

Often, the best candidates are located in different cities or states. Hence, HR teams will have a better chance of finding qualified talent by broadening their network. They can also leverage data to help the new hires in assimilating into their relocations. The relevant data can be obtained by gathering information regarding the living, means of transport, and lifestyle of current employees.

The rise of data is driving organizations to establish platforms which can automate the routine HR tasks of advertising, hiring, onboarding, training, relocation, and so on. However, when incorporating the automated platforms, organizations should ensure seamless access and navigation regardless of the processor location. As witnessed by the data-driven organizations, utilization of data will significantly improve the effectiveness of recruitment programs.

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