Proactive talent recruitment has long been a choice approach for companies that continually seek the best candidates for their open positions. However, just as the employment landscape continues to evolve, the methods that are used to connect a business with potential employees must acclimate accordingly. GoBuyside, a leading global talent recruitment platform, discusses the increasing role that technology plays in the hiring process, adapting to meet new needs as they arise, while enhancing productivity and ensuring optimal results on both ends.
Before the development of innovations such as applicant tracking systems (ATS), online job boards, and the mainstreaming of artificial intelligence (AI), traditional methods for discovering preferred job candidates were slow and largely inefficient. Just a few decades prior, the term “recruiting” often meant placing an advert in the local newspaper, with responding applications being delivered through the office’s letterbox. The advent of the internet in the 1990s brought about rapid change for both employers and those seeking jobs, quickly outpacing paper-based outlets such as faxing and conventional job boards.
Since then, recruitment has been completely transformed by new technologies, giving talent scouts and candidates a more modernized way to engage with each other. Today’s recruiters have access to programs and software such as “people aggregators” which have the ability to compile a prospect’s available information from across the internet and social media to form a fully cohesive profile. This not only ensures a better pool of job candidates for a company, it fully streamlines the process, resulting in more ideal matches and increased productivity overall.
Ongoing change to the conventional employment landscape is another aspect that recruitment technology is able to address, which includes decentralization, and the proliferation of more part-time and project-based roles. Gone are the days of sourcing every job locally within a centralized location for the majority of positions at a business. An increasing number of companies are opening both full-time and more flexible spots to remote workers not only from across their own country, but the world as well. According to research from Global Workplace Analytics, nearly half of the United States workforce hold a job that is “compatible with a least partial telework,” and that 20 to 25 percent “telework at some frequency.” In turn, 80 to 90 percent of the US workers say they “would like to telework at least part time” for two to three days a week. GoBuyside points out the resulting necessity for employers to utilize recruitment technology that can locate optimal candidates that are not contained to a specific area or region, while also screening for precise qualifications, accomplishments, and long-term career interests. This can be done by leveraging online platforms that take advantage of network effects within professional communities and use a combination of specialized algorithms to better isolate ideal matches.
GoBuyside is a modern recruitment platform that specializes in working with private equity firms, hedge funds, other investment managers, advisory platforms and Fortune 500 companies across a wide range of locales and industries. By leveraging proprietary technology and a precision-focused approach, the company maintains a competitive advantage in the sourcing and screening top-tier candidates from across the globe. GoBuyside’s increasing client base benefits from access to a top-tier talent network that expands to over 10,000 firms and over 500 cities worldwide, servicing an array of diverse employment needs.
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