Big Data Is Changing the Game for Recruiters
This is a guest post by Charles Ebert. Charles is a career mentor, motivational speaker & human resources consultant with over 10 years of experience in HR sector. Find him on Linkedin and Twitter.
Companies deal with challenges when it comes to searching for and hiring the best suitable candidates. Even though in this day and age the internet has made available a lot of personal information (mainly through social media), reviewing this information can be a daunting task that consumes a lot of time.
This is where big data comes into play. It’s aiding companies to find their perfect developers, communication gurus, etc. So how does big data work?
Big data is considered to be the future of recruiting (that is if the future isn’t here yet). You require the correct tools, the right mixture of external and internal variables and the appropriate people who know how to explore all of them.
This recruitment method is also called people analytics. It not only invigorates companies’ search for the most suitable candidates but also assists in providing entrepreneurial energy to human resource departments.
According to a whitepaper published by eQuest points, for the human resource field, big data represents a significant opportunity to make the most thorough human-capital decisions based on evidence. Experts are not the only ones who rely on big data during recruitments. For instance, Xerox once reduced the attrition rate in its call centers by 20% via big-data tools to recruit 48,700 people. As a result of this, and after a six-month trial period, the company decided to continue using big data to employ new staff for its call centers.
Social media is a great platform for gathering candidates’ information via big data
When all these details have been gathered, algorithms kick in. The optimal result is a collection of information organized into patterns and matches that’s made possible by keywords that reduce the original candidate pool to those who are most likely suitable for the advertised positions.
