Companies are seeing an increasing volume of applicants for every open position but recruitment technology can help streamline the hiring process, manage large applicant pools, and ensure that the best candidates are identified quickly and effectively, without overworking professionals.
Recruitment technology describes the tools and software used to automate and optimize different aspects of the hiring process. These technologies help HR professionals and tech recruiters move faster and more effectively through the many stages of application screening, technical evaluation, and even the onboarding process.
There are many recruiting technologies available in the market, each one designed to address specific challenges within the hiring process, but here are the most common and widely used:
1- Automated screening: By reviewing resumes and matching individuals’ qualifications to job requirements, automated screening tools find the best applicants and free up recruiters to focus on more strategic tasks, such as conducting interviews and assessing candidate fit. For example, tools like Zoho Recruit and LinkedIn Talent Insights are perfect for are perfect for streamlining the screening process and ranking candidates according to the job position requirements.
2- Analytics and reporting: Recruitment tracking systems quantify things like time-to-hire, cost-per-hire, applicant drop-off rates, and other key metrics that can help improve the recruitment process and reduce hiring costs in the long run. Systems like BambooHR and Workable are complete solutions for optimizing the full employee lifecycle because they not only provide in-depth data about recruitment metrics but also facilitate processes like onboarding and payroll management.
3- Hackathons: Hackathons are an effective hiring technique, especially in the IT sector, where businesses host development challenges to evaluate participants’ skills in a high-pressure environment that simulates real-world work settings.
Hackathons have grown in popularity as recruiting tools by big tech companies like Google, Microsoft and Meta, because they combine skill evaluation, team dynamics observation, and employer branding into a single event.
Hackathons can bring together dozens of highly qualified, motivated applicants to showcase not only their technical expertise but also their creativity, problem-solving and capacity for teamwork under pressure.
While hackathons require time and resources to organize, their long-term benefits for talent acquisition and branding often outweigh the costs. This is especially true if your company leverages a hackathon platform like TAIKAI.
TAIKAI is an all-in-one hackathon platform that’s easy and quick to set up. In a few steps, you can host a hackathon, manage participants, and evaluate submissions.
The platform simplifies project evaluation and helps you assess participants’ skills, making it easier to identify talent and determine their fit for your company.
If your organization wants to host a one-of-a-kind event or has specific requirements, TAIKAI provides consultancy services to manage every detail from start to finish. This includes event planning and organization, technical support, participant engagement, event promotion, and all-around online logistics.
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4- Applicant Tracking Systems (ATS): These days, this is one of the most popular recruiting tools since it makes it possible for recruiters to manage large numbers of candidates effectively by automating tasks like monitoring applications, setting up interviews, and sorting resumes. Popular ATS platforms like Greenhouse and Lever are widely used to streamline the hiring process and improve efficiency by organizing candidate data and tracking progress. Despite their widespread use, there are some concerns in IT hiring about how these tools frequently miss competent applicants who don’t use the proper formatting or keywords, emphasizing the importance of human decision-making in the process.
5- Skill assessment and technical screening: After the first round of applicant screening, technology can also help in IT hiring with skills and technical assessment through coding challenges without the need for senior professionals to conduct time-consuming individual interviews. Tools like TestGorilla and HackerRank offer pre-employment tests that allow companies to assess the candidate’s technical skills in coding, problem-solving, and other job-specific skills. Before moving on to the interview stage, these platforms offer a quick and effective approach to assess a candidate’s skills and make sure they fit the necessary requirements.
6- Video interviewing platforms: Gone are the days when interviews were primarily conducted in-person. The growing popularity of remote and hybrid work models has made remote interviews the new standard. Tools like HireVue and Spark Hire are popular options that offer video interview solutions with features such as AI-driven analysis of candidate responses and customizable interview workflows, helping recruiters make more informed decisions.
7- AI-powered tools: Over time, AI-driven resume screening tools have evolved from basic keyword matching to advanced algorithms that can assess candidate skills, overall fit with the company’s goals, and even the likelihood of success in a particular role. Platforms like Manatal and Teamtailor leverage AI to evaluate candidates’ cognitive abilities, personality traits, and cultural fit, enabling recruiters to make more data-driven and accurate hiring decisions.
8- Candidate Relationship Management (CRM): Waiting weeks, or even months, for a reply or feedback can discourage even the most motivated candidate. That is why leveraging CRMs such as Ashby or Recruit CRM to manage the candidate pipeline with automated email updates, candidate nurturing and status notifications can help keep candidates engaged and reduce the likelihood of dropout.
Benefits of recruitment technology
Recruiting technology can help companies streamline their hiring processes, increase the caliber of candidates, and improve the overall applicant experience in the following ways:
- Improved efficiency: Recruitment technology guarantees a more effective workflow by automating several steps of the hiring process, including candidate monitoring, resume screening, and preliminary evaluations. HR managers may process applications more quickly and move applicants through the pipeline more smoothly as a result, making sure that nobody gets lost.
- Better talent match: With automated screening and increasingly powerful AI models, candidate screening and matching is becoming more accurate by the day. When choosing candidates for open positions, these tools eliminate guesswork and facilitate more informed decisions.
- Faster time-to-hire: Recruitment technology speeds up the entire employment process by automating time-consuming procedures. Automated systems guarantee that no processes are missed, from screening resumes to arranging interviews, which speeds up decision-making and shortens the time to employ. This is especially important in competitive industries where talent is in high demand, such as software developers.
- Reduced bias in hiring: The purpose of recruitment tools is to assess applicants using insights derived from data. Qualifications, skills, and experience are evaluated objectively, removing gender bias or other types of prejudice.
- Scalability for high-volume hiring: As a company grows, so does the need for skilled recruiting personnel. With recruiting technology, HR teams can effectively handle large application volumes which lowers the need for extra HR staff and associated costs.
A final word
According to Forbes, tech recruiters face four major challenges when hiring: attracting the right talent, engaging qualified candidates, speeding up the hiring process, and ensuring a fair recruitment process for all candidates.
If you have ever opened a job offer on Linkedin or any job board, you’ll be familiar with a growing issue we can add to Forbes’ list: managing a high volume of applications.
This is where recruitment tools come in handy because they allow recruiters and HR specialists to go through candidate sourcing, screening, interviewing, and onboarding stages much faster.
With AI, it’s expected that recruitment technology will continue to evolve and become more intelligent. But it’s crucial to keep in mind that even while technology can greatly streamline the hiring process, there will always be benefits to keeping a personal touch.
That is why recruitment tools that can merge the best of technology with human touch, such as candidate interviewing and hackathons, remain invaluable and cannot be replaced by algorithms. By leveraging both, organizations can ensure they attract talent based not only on hard skills but also on soft skills.
About TAIKAI
TAIKAI is the leading hackathon hosting platform. It enables you to host development challenges and improve your company’s visibility by providing participants with a gamified experience. Our all-in-one system allows you to effortlessly manage registrations, livestream your event, evaluate submissions, and more.
