Forecasts become more-casts for the recruitment sector

June 21st, 2021 | Industry News

It seems almost impossible to begin a blog post these days without referencing COVID-19, and this one is no exception!

International IT – ramping up for a diverse future

Some sectors saw massive growth in the lockdown – IT is one of them. The current recruitment software trends in IT suggest a much more dispersed workforce (Tata consulting in India has stated that by 2025 only 25% of employees will operate from a designated workplace), recruitment is growing and the stagnation in both salaries and bonuses is being rapidly eroded by demand, and holistic hiring (AI psychometric evaluations, video task tests and interview tools etc) has become standard as a result of not being able to interview candidates in person. ‘Soft skills’ have come to the fore in international IT as more and more individuals are finding themselves in client facing roles, not least because there are fewer workplace based roles where one person handles clients while a dozen others take on the back-office tasks. Instead, most roles combine technical skills with people skills, and as a result, cultural fit and team-working are being viewed as essential requirements alongside qualifications and expertise. Decentralised international IT is also using SAAS recruitment agencies to reach out to more geographical areas, as it creates systems that allow people to work from home, meaning that concentrations of skills in geographic areas are rapidly breaking down.

ATS – the future of recruitment?

A recent global report suggests that the application tracking system market is projected to grow by 7.3% CAGR by 2026. So let’s start with some definitions – an applicant tracking system handles the recruitment process digitally, allowing companies to recruit more efficiently and with great sophistication. As a creator of a UK applicant tracking system, we’re obviously deeply interested in why this growth is expected!

1. It seems that specific features of applicant tracking systems are resolving issues that employers, and agencies, find otherwise difficult, expensive or inefficient – for example resume ranking is time-consuming and subjective when done by individuals, but rapid and objective when carried out by an applicant tracking system.

2. An ATS offers better opportunities to manage recruitment not just as a process but as a form of public relations. The best recruitment CRM works seamlessly with an applicant tracking system to give both successful and unsuccessful candidates a positive experience of the recruiting organisation.

3. Online recruitment software has become the norm during the pandemic. As a result, online applicant tracking systems are becoming an inherent part of most people’s recruitment experience, and are therefore are a part of the process that younger candidates, in particular both expect and find valuable. Not having this process can lead to candidates feeling ‘neglected’ or unvalued.