Redefining Work: Making Hiring Simpler, Faster and More Human 

The world as we know it is in a state of perpetual disruption. Established norms and archetypes are regularly upended by innovation and technology. This reality holds particularly true for HR in its entirety and, more specifically, for talent acquisition. The strategic leveraging of technological innovation is key to maintaining a competitive edge. 

Waiting for disruption to strike is no longer an option; being proactively prepared is the cornerstone of success today. In our modern 'new normal', one clarion call emerges: "The World Can Work Better" so that we can thrive and not just survive. 

Redefining Work: A holistic approach 

To thrive in this dynamic landscape, we must transform, adapt, recalibrate, and reimagine the way we approach work. The journey towards better work begins by acknowledging that every job is more than just a means of livelihood. It is a source of dignity, pride, and purpose and an avenue for individuals to contribute to society while forging identities.  

Such a transformation is possible only by simplifying, accelerating, and humanising the hiring process. Here, we unravel three fundamental ways to achieve this goal: 

Leveraging Innovative Technology:  

In today's talent war, recruiters must battle it out to win the best talent. For this, the speed of hiring is paramount. However, it could compromise efficiency. Connecting top talent acquisition and retention to business growth, 77% of global leaders emphasised that an incompetent recruitment process can impede a company's success. 

Automating various processes involved in hiring can enhance both speed and efficiency.  In addition to amplifying the hiring speed, innovative technologies can play a far more substantial role. Here are some ways technology is being leveraged in recruitment: 

• Behavioural science can assess the suitability of a candidate to the company's culture 
• Artificial Intelligence can provide personalised insights into candidates  
• Algorithms can enhance recruiter accuracy by over 50% 
• People Analytics can provide strategic insights 

Integrating these innovative technologies enables HR leaders to fulfil their KPIs and empower companies to reach business goals like cost optimisation, enhanced productivity, and employee satisfaction.  

Breaking Barriers to Becoming More Human 

A Harvard Business Review study shows that companies with diverse teams exhibit 70% higher potential to grow. Yet, this potential is counteracted by bias and barriers embedded in the hiring process. Women's Employment plummeted to just 9% of the Indian workforce across sectors by 2022. The state of other marginalised talent is worse (top corporates in India have just three persons with disabilities per 1000 employees), illustrating a concerning trend. Machine learning models can be leveraged to overcome bias and break barriers in matching candidates with jobs based on their skills and preferences.  

Although corporate India understands the importance of diversity and inclusion, nearly 40% of Indian employers lack a formal Diversity, Inclusion & Belonging (DI&B) strategy. The path forward lies in uniting people from diverse backgrounds, which grants companies access to problem-solving skills, innovation, and creativity. This approach also enables organisations to foster an environment where barriers dissolve, and empowerment is not a distant dream but a tangible reality. 

Gaining Insights for Effective Hiring 

A balance between the job-seeker's expectations and the organisation's needs culminates in successful hiring. To attract talent and foster a thriving workplace, HR teams must clearly understand the job market. By tapping emerging labour insights decoded by Economists, organisations can devise good recruitment strategies and build compelling employer brands. This way, HR teams can attract good talent and build a strong team. 

Shaping Collective Dream for Better Work 

Does this call to make the ‘World Work Better’ resonate with you? 

The journey to a better, more humane workplace starts here. Join like-minded professionals in person at Indeed FutureWorks Bengaluru, to gain rich insights from industry leaders, enjoy dynamic discussions, and seize networking opportunities. Prepare to connect, learn, and grow with peers and thought leaders. 

If you want to reimagine the way the world works, reserve your complimentary spot today.