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Automation is the biggest change in hiring: Vasitum report on HR & Recruitment Trend 2020

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2020 was the year of several unexpected happenings. The pandemic caused a great challenge for all the industries around the globe, HR being no exception. While the pandemic paved the way for a gamut of new trends, it also leveraged innovative technologies in its full swing.

With the ever-expanding opportunities in the digital world, companies had to evolve their HR practices to stay relevant. Technology that became an integral part of HR operations not only strengthened the HR processes but also to hire the right talent and create an efficient and transparent work environment.

The findings of the report are based on the demands and offerings rendered by Vasitum from January 2020 to November 2020. 

Highlights of the report include:

  • Automation has been one of the biggest changes in the hiring industry in 2020
  • There has been an extensive adoption of RPA (Robotic Process Automation) around recruitment, screening, on-boarding and employee engagement
  • The use of Artificial Intelligence (AI) has been augmented aggressively this year
  • Smaller MSMEs have embarked on the journey to incorporate more advanced technological solutions in the HR space
  • Employee engagement has seen an upsurge
  • Broader focus on employee wellbeing was witnessed in 2020 and will continue in the years to come

As we all know, the HR industry is in a constant state of flux. Unemployment is at record high numbers, courtesy the global pandemic. The power lies is in the hands of the employer. In a situation such as this, the employers and HR professionals go an extra mile to shortlist the best candidate. This is where technology comes into the foreplay. As the report states, technologies like Automation in recruiting benefits the recruitment teams in many ways and is thus being used extensively. Recruiting automation empowers the HR system by increasing productivity, improving the quality of hire and better time management to name a few.

Another technology that has been redefining the HR norms this year is the adoption of RPA-Robotic Process Automation. As indicated by the report, Robotic Process Automation enhances and simplifies the recruitment, screening, on-boarding and employee engagement processes thereby streamlining the HR practices. HR departments are extensively incorporating RPA technology, reclaiming up to 40% of their time, and enabling a happier and more human-centric workplace.

2020 also witnessed the highest use of Artificial Intelligence in the field of HR. While the AI powered software helped in scrutinizing job networks and envisaging the success rates by verifying the online presence of the candidate, they were also used to understand every employee’s aspirations and grievances and thus provide valuable insights to the management to curate proactive employee policies.

 This year also witnessed the rise of many new recruitment trends such as the following:

  • Automated sourcing: Using AI to improve sourcing by tapping in to passive job seekers can greatly enhanced an organization’s ability to find the right talent at just the right time
  • Gamified screening to map competency of new hires: Checking candidates’ skills and competencies for a particular role by making them play games helped in avoiding biased decisions and helped organizations in making data driven hiring decisions
  • Predict Candidate Performance: AI based candidate matching to calculate candidate’s likelihood to accept the offer, estimated expected tenure with the employer along with performance outcome

This year, technology became the major driving force in the HR industry. Not just large enterprises but even smaller MSMEs took up initiatives to amplify the use of technology in the HR space.

 Sharing his views as to how the year 2020 has been and what can be expected from 2021,  Vikram Wadhawan, Founder & CEO, Vasitum, said;“The on-going pandemic has ushered the biggest technological revolution in every field including HR. This technological wave which is likely to dominate 2021 as well will see a lot more reliance on techniques like Artificial Intelligence, Internet of Things and Chatbots. VR conferences might also gain momentum, gradually replacing the traditional video conferencing trend which is currently being followed by every company.  This year saw a lot happening and a lot will happen in the next. Though it might not be viable to anticipate the future trends but what can be said for sure is that the disruptive changes and the need for a skilled workforce are going to go in only one direction – forward.”

Talking about employee’s safety & wellbeing which is another major factor that will be considered in 2021; “It will be imperative to ensure manpower sustainability in the organizations going forward. Most of the employers will continue to make a shift from their traditional HR & welfare focus to a more holistic view of employee wellbeing. This will include new programs, policies and initiatives to amplify the benefits which are related to employee’s mental health, physical wellness, child care, elder care & support, or flexible working policies.” – added Vikram.

Established in the year 2019, Vasitum is an Artificial Intelligence driven advanced hiring platform, enabling recruiters to hire top talent effortlessly. Vasitum is a full-stack recruitment platform that automates every hiring activity and task, including sourcing, screening, assessment, interview scheduling, background check, and documentation. Since its launch, the startup has strived to disrupt the traditional recruitment process.

A startup that has been successful in carving a niche for itself right within a span of one year of its inception, Vasitum, the AI powered career platform sheds light on the trends and insights that were observed in 2020 in the HR industry through an annual trends report.