02/11/2023
🚀 Unlocking the Power of Speed and Automation in Recruitment 🤖
The latest findings from "The State of Recruitment and Automation" study conducted by The Stepstone Group in September 2023 have unveiled some important insights for both job seekers and employers:
🕐 Speed Matters: A whopping 61% of candidates expect companies to provide feedback and kickstart the application process within a week. However, many are left waiting in vain.
💨 Need for Speed: The study highlights that the speed of the application process directly impacts a company's appeal to potential employees. Two-thirds of surveyed employees are more inclined to choose a company with a fast and straightforward hiring process. Furthermore, 79% of respondents stressed the growing importance of application quality in recent years.
🔍 Insights Beyond the Resume: An impressive 75% of respondents believe they can glean insights about a company's corporate culture from their hiring process. For 63%, the application process serves as a litmus test for a potential employer's tech-savviness.
👤 The Power Shift: In today's labor market, the balance of power is leaning towards employees. Job seekers are confident, and their expectations are high. They want a streamlined, reliable process and a quick personal interview. The application process now plays a pivotal role in their decision-making.
📊 HR Overload: Many managers are feeling the pressure. More than six out of ten recruiters (62%) are juggling a higher number of positions than in previous years. With increased competition for talent, 89% of HR managers are feeling the heat, and 81% take longer to fill a vacancy. Nearly two-thirds (65%) are dealing with workloads that exceed their resources.
🤖 Automate and Elevate: The study suggests that HR managers could save a minimum of ten hours per week through automation. Surprisingly, 86% of them are still manually sifting through all application documents, and 80% craft job ads conventionally. Almost three out of four recruiters (74%) manually verify the completeness of application documents.
🚀 The Way Forward: "Many recruiting tasks are becoming easier to automate without compromising quality," says Dr. Tobias Zimmermann, labor market expert at The Stepstone Group. "Incorporating AI in the initial stages of recruitment can speed up the process for HR managers, aiding companies in meeting candidate expectations."
In a fiercely competitive talent landscape, companies need to embrace speed and automation in their recruitment processes. At Lisantix we have been developing digital recruiting processes for our customers that help them find the best candidates for years.
If you have any questions regarding the digitization and / or of your , contact us via our website or message us via LinkedIn.
For more info, read HR JOURNAL's linked article on the study. (German)
Fast 75 Prozent der Befragten glauben, aus der Art des Bewerbungsprozesses Rückschlüsse auf die Unternehmenskultur ziehen zu können, sagt eine Stepstone-Studie. „Schnelle“ Unternehmen punkten bei Bewerberinnen und Bewerbern. Durch Automatisierung kann HR mindestens 10 Stunden pro Woche beim R...