Unprecedented circumstances call for unprecedented measures and same is the case in the recruitment industry. The Covid19 pandemic has bludgeoned economies around the world and forced organizations to freeze hiring and resort to layoffs in order to sustain their revenues and margins.
More and more organizations are adopting alternative ways of working. This has led to nearly 66% of them suspending their hiring schedules. This has led to a rethink of the recruitment strategies by the organizations in the post Covid scenario.
Future of recruitment:
- AI leads the way.
Integration of AI in recruitment along with more traditional processes will bring more power, strength and freedom to the recruitment companies. AI can help in HR in several ways.
- HR bots can be utilized for recruitment assistance.
- HR automation tools help to speed up the recruitment process and bring in more consistency and accuracy in picking the right candidate for the organization.
- HR automation helps in increasing productivity and saves time and money.
- Re-imagined Talent Acquisition strategy.
- Organizations will be required to shift to the new normal and reform their workplace strategies alongside evolving workplace dynamics.
- Flexible workforce: A blended, lean and flexible workforce is the need of the future. Recruiters need to focus on a mix of permanent as well as gig and contractual workers. Therefore hiring strategies need to evolve to access the right talent pools and the different assessment procedures required.
- Fluid workforce: Organizations will require a liquid workforce which is skilled in adapting across horizontal and complementary skills and talents. Post Covid scenario is such that employees need to be highly adaptable to working in different areas of expertise with minimal impact on productivity.
- Ramping up the IT infrastructure.
During the acute economic crisis, post Covid, those companies which did not have adequate IT infrastructure were caught off guard. Those companies which already had the necessary IT infrastructure already in place could face the challenge successfully.
The inference is obvious and that is the need to establish a digitally and virtually enabled recruitment process across all areas to usher in an era of smart hiring.
- Digitalization of sourcing, screening, interviews and onboarding.
- Post Covid businesses need to upgrade their assessment tools to make them online for swift results.
- Adoption of Teleconferencing technologies and enabling of virtual interactions is a must if businesses need to surge ahead on the curve.
- Virtual onboarding and engagement strategies riding on digitalization will replace the current recruitment methods.
To sum up:
Agility will be the new world order. Post Covid organizations that survive this onslaught will benefit from revitalized and energetically renewed HR services. An agile and nimble recruitment model will emerge due to the transforming employee life cycle and this will pave the way for the organization’s success in the future.
