By EMMANUEL MUTUMA
The recruitment industry has completely evolved over the past 20
years. New technologies have transformed the way employers recruit and
manage talent. From paper CVs to job boards, applicant
tracking systems and online assessments, a lot has changed over the years.
tracking systems and online assessments, a lot has changed over the years.
While
advancements in technology have offered some solutions to challenges
that employers faced a decade ago, the industry is ever-evolving and
recruiters today are dealing with new challenges when hiring the best
talent. It cannot be gainsaid that all top companies struggle to get
their workforce planning correct, not knowing when to ‘buy, borrow,
build or bind’ the skill.
This can be very costly, from
time, money and emotional perspectives. Studies show that a wrong hire,
rushed recruitment, or the exit of a high-performing employee costs an
organisation three times the annual salary of that position on average.
This is a terrifying expense. Recruiters must, therefore, ensure that
their companies attract the right talent and that they have succession
plans for all levels.
Before the internet and social
media took over, job listings were posted in newspapers. The reach of
these postings, however, was limited. The recruiters in many instances
had to settle for less qualified people to fill open roles. As
technology advanced, the recruitment and selection process not only
allowed job seekers more options to find careers, they enabled companies
to streamline their hiring processes.
Thanks to
technology, organisations now receive hundreds, sometimes thousands of
resumes daily through various platforms. This being a golden era where
technology solutions are taking the HR professional to an entirely new
level, massive improvisation in HR technology and modernised workforce
solutions have come in handy to provide desirable employee experiences
and improve sustainable performance.
This emerging need for high-quality digital HR experience has
created true disruption to a domain that has been relatively stable for
decades. It has, in turn, created tremendous pressure on organisations
and HR leaders to improve business performance through innovation.
However, it is also true that harnessing technology without investing in
other parts of the HR functions, cannot result in optimum business
results.
It is perhaps in recognition of this reality
that saw BrigherMonday introduce a new solution called ‘BestMatch’,
designed to make the process of finding the best candidates more
efficient for human resource professionals, business heads and
entrepreneurs looking to hire quality talent.
The tool
uses a mix of HR experts and automated matching algorithm to sort and
rank candidates that best match the criteria an employer is looking for
in a role. The mix ensures that science and experience are combined
effectively for recruiters to get the very best out of the candidates
that have applied for the role. This saves time for employers, and for
those that are not too tech-savvy, to ensure they can get access to the
best matching candidates efficiently.
BrighterMonday
also recently held a workshop with topflight HR professionals dubbed
‘Talking Talent’. During the workshop, in which over 50 HR experts and
top business professionals attended, human resource management
strategies that help organisations to plan for the right hire, identify,
develop and retain top-performing talent and position teams for a
smooth succession, were examined.
An emerging trend
that came up is, there are behavioural traits in an individual, beyond
the technical skills or qualifications listed on a CV, that can help
recruiters identify top performers and high potentials. A clear and
strategic growth plan should be put in place to nurture, train and
position for succession.
Another encouraging statistic
that stuck out was that succession planning is being practised at the
top level in Kenyan companies although not in as many organisations as
would be desirable.
That implies that there is a need
to encourage and grow this trend in all economic sectors to ensure that
whenever high performers leave, a skills gap is not felt in the form of
lowered business performance.
There also lies an
opportunity to turn data into conversations, and with it, create
development plans for organisations that will encourage and drive
succession planning.
The writer is the CEO BrighterMonday Kenya.
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