A history of recruiting looks something like this: It was all newspaper ads and paper resumes, so we built our systems around that.
Then, that got blown up by jobs boards and applicant tracking systems, so we rebuilt our systems for the new paradigm.
Sadly, it wasn’t long before we were told the new paradigm was out-of-date and we needed pools of candidates, social networks and analytics. Have you rebuilt your systems around this new model yet? Or are you worried about what’s coming around the corner next?
For a taste of what’s coming around the corner I spoke to Gild. I wrote about them a couple of years ago under the title “Scariest in Show” and they continue to scare me by pushing the envelope of recruiting technology.
One of the big ideas is that we no longer live in a world of a “sort of up-to-date” pool of resumes; we live in a world where up-to-date information is available about millions of people thanks to their online footprint. The situation we are heading for, if you’ll excuse my hyperbole, is one where we automatically know everything about everyone.
A specific illustration of knowing everything is that, in Gild, as you write a job posting, the system can instantly check any keywords against the resume database to let you know if the skill is common (in which case you can be more specific in your requirement) or if the keyword is rare (in which case you might not find anyone). It’s an obvious thing to do once you think of it, but we don’t because we’re not tuned into the idea of being smartly and instantly connected to everything.
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We have moved far beyond the days of posting a job and praying we got good candidates. We know who is out there. We’ve got a good sense of what they’re paid. We can guess if they’d be receptive to an offer. We can easily test different messages (A-B testing) to find what will attract interest. We can hand the routine work off to automation.
The potential is astonishing and that potential is being realized at an impressive rate by the vendors who live and breathe this stuff
What is interesting?
- Not only are analytics helping humans make better decisions, increasingly analytics can be used to automate the decisions.
What is really important?
- If we really are competing for talent we can’t wait for a convenient time to upgrade recruiting systems and processes. We have to run fast.
- It’s hard to know where to run, given all the new things that are happening in the industry, so we need to invest resources in staying on top of where things are going, and what that means to our organization.