Editor’s Note: Future of Recruitment Technology

With over 38 million people having quit their jobs this year, 2021 can be called the year of quits. 

A record-high 4.4 million people, or 3% of the total U.S. workforce, quit their job in September, followed by 4.2 million in October!

The on-again, off-again "war for talent", this time brought in by the "great resignation," has yet again put talent acquisition professionals under intense pressure to hire quality employees, who can be retained over time.
 

In this extremely candidate-driven labor market, many are leaning heavily on talent acquisition (TA) technologies to help them quickly and efficiently fill vacancies with qualified candidates. TA technologies are not just a nice-to-have aspect of the recruitment process, they are an absolute necessity today.

Featured on the cover, this month, is What Does The Future Hold For Recruitment Tech? by Findem CEO Hari Kolam, who shares the insights from several prominent talent acquisition leaders from across the country on the biggest trends defining the future of recruitment technology and how technology is aiding their searches for top talent.

In an exclusive research report, The Future of Recruitment Technologies 2021-22, included in this edition, learn how efficient are HR departments in availing the features that TA technologies offer, how organizations that use TA technologies effectively differ from those that are less effective users, how TA technologies are most likely to be used in the near-term future, and more.

Making a wrong hire is an expensive mistake. Here are a few facts to ponder upon - the average time-to-hire across all industries is 4 weeks, two-third of the overall hiring time is spent on an interview process, 60% regularly lose their top tier candidates, every new hire costs an additional $4,129 (sources: Yello and SHRM). 

How can then recruiting and talent acquisition professionals reduce the time to hire and also ensure the candidate they hire sticks with them for a longer period? Check out Humantelligence CEO Juan Betancourt's article, where he lists down the 4 Steps To Quickly Hire Quality Candidates.

Also, read Want to Get Through The ‘Great Resignation’? Lean Into Purpose. by Ryan Landau and Onboarding Strategies For Engagement And Retention by LaKisha C. Brooks.

That is not all! Also, check out the other articles included in this edition. We hope this edition of Talent Acquisition Excellence will help you find excellence in your recruiting, hiring, and onboarding efforts.

Happy Reading and a Happy New Year.
 

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