Door 21 of our #TRN Advent Calendar we have Jon Addison, Head of Talent Solutions at LinkedIn, with What can Recruitment Companies do Right to be Ready for the Future?Over the last few years, the recruitment industry has been adapting under the influence of increasingly complex challenges when it comes to attracting and retaining talent. For example – they’ve seen new generations entering the workforce, new technologies emerging, and new working habits take hold. On top of this, the UK’s unemployment rate is at a 42-year low, with candidate availability steadily falling, and the so-called ‘fourth industrial revolution’ – all of these factors are causing imminent disruptions to industries across the board.
Businesses are facing major global trends, which show no signs of reversing. Whether it’s the rise of automation, skills gaps, or the so-called gig economy – there’s no doubt that these seismic shifts are affecting the recruitment world. But it’s not all doom and gloom, and there are ways for recruiters to thrive and succeed among the new realities – if they can adapt their strategies.At LinkedIn, we believe that through the combination of data and the recruiters’ instincts, the challenges of the recruitment world can be faced head on. We acknowledge that an abundance of data available to recruiters is of a huge benefit, but only if used in a right way. In today’s world operating at a 24/7/365 pace, recruiters no longer have time to sift through résumés. They need platforms that will support the recruitment process and accelerate the speed of hiring.
This is where AI comes into the picture. According to our recent research looking at global recruiting trends, LinkedIn found that 63 per cent of professionals believe, despite AI, a recruiter’s instincts and expertise will still be necessary for building relationships and spotting high potential candidates. And more than two thirds (69 per cent) of recruiters across Europe believe that AI will be beneficial, saving them crucial time when it comes to sourcing candidates.
So yes, AI will be part of the answer here, but it’s more about adapting AI into the recruitment processes. By doing this, recruiters can save time, and ultimately spend more time having quality conversations with candidates. When it comes to talent professionals, combining insights with instinct is powerful, and will only enhance the hiring process.
Jon Addison, Head of Talent Solutions at LinkedIn