Proactive talent recruitment is the ultimate choice for many companies that are always open for new candidates to fill in open positions. And much like technology, the employment landscape continues to change. This means there’s a continuous search for new methods that will connect establishments with the employees best suited for their business.
One firm that is innovating the industry of looking for new hires is GoBuyside. Based out of New York City, the organization aims to pair businesses with the best hires using a tech-centric approach to talent recruitment.
The Challenge of Looking for New Talent
Many companies, especially in the world of finance, are constantly faced with the challenge of finding talent to fill in open positions. By 2020, the talent deficit is expected to reach 3 million workers on a global scale. By 2030, the number is said to reach more than 10 million, which means the business and financial service industries may find themselves short of more than 10 million employees. Fingers are pointed to the lack of qualified candidates as well as the strong competition in the sector. In the US, the business and financial services industries make up for almost a quarter of the national economies, so shortage of talent can have a damaging effect to the success and growth of said industries.
This is where the top global talent recruitment platform comes in. The struggle of finding new talent is real, but with an efficient talent recruitment platform, the process can be now easier, more practical, and cost-effective to boot.
According to a hiring manager from a Fortune 500 Company, GoBuyside easily blew all other recruitment methods “out of the water,” and that the firm’s effect and ROI manifested “within a week.”
The Modern Day Working Environment
A popular trend in the finance industry is a shift towards decentralization of positions. The Bureau of Labor Statistics says that more than 20% of employees did their work from or at home using the internet in 2015. Additionally, about 90% of American workers voiced out their willingness to do work at home for 2 to 3 days on a weekly basis.
It’s safe to say that modernity has enabled a lot of employees to do their work remotely, with more employers finding an applicant’s location less significant in order to widen the horizons of their hiring search. In fact, we’re seeing a lot of companies open their doors to talent not only in their country but all over the world.
With the increased number of potential employees, screening for hires becomes more challenging. The said recruitment firm is making use of this fact in order to provide the best applicants an organization could ever have. The firm uses specialized algorithms in order to source out applicants from a lot of regions in order to find the right qualifications fit for a job.
The goal is to gather applicants that fit right in the qualifications or even exceed the expectations of the client. With a wider scope of hiring searches, more applicants can be gathered. While more applicants can be troublesome for some businesses, the recruitment firm uses their specialized screening process in order to sieve out the cream of the crop.
How do they manage to pull it off? The firm gathers information from applicants by looking into informational sites and social media platforms including Facebook, Twitter, and Linkedin.
The top recruitment firm managed to turn the tables. Long ago, applicants had the full control of what kind of information they want to share to potential employers. Today, employers get to have a complete view of what the applicants are capable of using tech-centric talent recruitment platforms.