Catch it if you can
Dodge Tomahawk is the fastest bike in the world with a maximum speed of 350 mph (560 km/hr). What is the best way to catch-up with it? Elementary: just ride on it. Technology is changing with the greatest speed ever, especially with regard to hiring. The best way to keep up with the latest technology is to use it. So the importance of using the latest technology can be summed up in a simple sentence: use the latest technology or loose the candidate.
Helps you win the duel
Finding the right candidate from the market is easier said than done. There is a heavy battle between the competitors. In the financial sense it is a life and death matter. Like in the olden days when two men used to get into a duel over the love of their life and only one lives to obtain that love, only one of the competitors can gain the most desirable candidate, and most often it is the one that used the latest technology.
• Earlier the trend was to find the talent. But now the trend is to make sure that the talent finds you. The latest technology will help your company attract the desirable candidates and motivate them to apply to work at your company.
• Without the use of latest technology the recruiters will have to work much harder and yet have no guarantee that they will find the right candidate for hire.
• In this regard, big data has become the engine that is driving the train of hiring process.
• With the help of big data technology the recruiters are able to obtain and analyze large amounts of useful data and are able to do so at lightning speed.
Realize that time is non-refundable
The recruiters’ job includes a score of repetitive jobs such as, screening of CVs, sourcing and assessments. These are not just boring but time consuming. And time lost in those jobs cannot be regained. Whereas the latest technological advances in artificial intelligence can save all that time.
Artificial intelligence is designed to find the most suitable candidates. And the sooner it is able to do that, the quicker you can zero in on the desirable candidate. Artificial intelligence not only reduces the workload but also is able to do some things more efficiently, like replying to the questions raised by the candidate at any time of the day. The use of chat bots is an effective tool to accomplish this task.
Adjust your sail according to the wind
The entire world is going digital. And social media has become a popular means of finding and attracting candidates. Yes, the winds of technology have changed. They are blowing towards social media. Therefore it is important to adjust your sails of hiring so that you can reach your destination of acquiring the right talent.
Social media platforms such as LinkedIn, Twitter and Facebook are excellent sources of good talent. To add to it, the technologies in such social media platforms is also being upgraded day by day, making it more easier for a recruiter for search for the candidate that he is looking for.
Another tool that is catching up is ATS or applicant tracking system. This helps the recruiters keep and organize the applications and their history. It could be programmed to rank the applications and match the applications to the job description. This makes it convenient for the recruiters to search and make hiring decisions.
Keeping up with latest technology in the hiring process cannot be overemphasized. It is an age of survival of the latest more than the fittest.
I am an Entrepreneur and Angel Investor. Board Member of TiE SoCal Angels Fund, and CEO @ Optizm Global, the executive search firm. We are a Right Fit Recruitment & Placement Agency.
I’m the Co-Founder of “StartupSteroid” the platform to connect founders with investors.
I am also the President of TiE SoCal, a non-profit, global community welcoming entrepreneurs from all over the world. We believe in the power of ideas to change the face of entrepreneurship and growing business through our five pillars: Mentoring, networking, Education, Incubating, and Funding. Our presence is in 14 countries with 62 chapters, 15K members, and 3K Investors & Mentors
As an Angel Investor I look for Business Plan, Cashflow, Core Team, Board of Advisors, Secure IP, Quality Investors, Monetization Models, USP, Scalability, Strong Returns, Growth Market, and Board Role.