Talent acquisition is in a condition of flux. With the global pandemic and digital transformation taking centre stage, organisations have had to adapt to new ways of acquiring exceptional talent for their teams. One result of the talent acquisition upheaval is that enterprises are now seeking new approaches to enhance the quality of their hires. Unfortunately, knowing how to hire efficiently isn’t easy! But did you know that the Fosway 9-Grid clearly indicates which suite and specialist provider trends can facilitate hiring for your organisation, and which solutions could be the best match for you? Find out more about the Grid and its solutions in this article.
What is the Fosway Grid?
The innovative 9-Grid was established by the forward-thinking Fosway Group to demonstrate the comparative standings of critical suite and specialist talent acquisition tech. The Grid is an evolving model that facilitates the decision making process for enterprises looking to invest in talent acquisition solutions. Through unique visual representations, the Grid is a great model that compares every exceptional, leading European suite and specialist solution to talent acquisition.
5 key modern hiring trends and solutions
There are five essential modern hiring trends you should consider for your organisation, and many suite and specialist tech options to consider, which the Fosway Group rightly features in their Grid.
Some of the trends include candidate relationship management, cloud suites, artificial intelligence, remote employee referrals and solutions for onboarding employees. Here’s more on each of these trends and the tech solutions you may consider.
1. Modern candidate relationship management challenges and solutions
Modern candidate relationship management is still a challenge for mid-market corporates that lack the recruitment marketing skills for segmenting talent pools. However, all trends point towards the development of sophisticated options to train artificial intelligence and offer organisations like yours and potential employee self-segmentation methods.
Did you know that 62% of corporate organisations are hoping to use candidate relationship management methods in their hiring processes even more?
As modern relationship management options can contribute to the training of artificial intelligence, and suggest self-segmentation solutions that focus on a candidate’s job viewings, segmentation is easier than ever before. And, as the Fosway Grid shows, there are options to achieve this.
The Grid indicates that critical strategic challengers emerging in the sphere of candidate relationship management tech includes Symphony Talent, while a core challenger to watch out for is Talentry.
2. Cloud suites: Hiring cornerstones and handy modern age recruitment solutions
Talent acquisition teams may currently use talent acquisition suites, but is your team reaping the rewards of a talent acquisition suite that is broad in its scope? Broader acquisition suites are significantly changing the face of hiring, onboarding existing staff, and allowing organisations to successfully achieve talent mobility in modern hiring scenarios.
As the Fosway Group indicates, investigating the talent acquisition cloud suites that feature talent mobility, onboarding features, and candidate relationship management options is becoming the most effective way to hire new talent, efficiently.
According to the Fosway Grid, some of the emerging suites that encompass these critical features include SAP SuccessFactors, and Oracle Recruiting – these are vital options well worth exploring.
3. Artificial intelligence technology: Boosting job ad distribution effectiveness
Enterprises facing challenges in job ad creation and distribution no longer need to struggle with job ad language reviews or selecting the right job board that is the most cost-effective. Artificial intelligence is changing the status quo of job ad creation, providing you options to avoid manual processes.
70% of organisations review their advertisements and 60% want to increase their diversity, equity and inclusion metrics. Since and avoiding biased language is a critical part of increasing diversity, equity and inclusion using the right tools to achieve bias-free hiring.
If your goal is to create job advertisements that are free of biased language, review job ads automatically, or even select the best template for the vacancy, consider your modern technology options and vendors who offer artificial intelligence technology to achieve this. A critical option you may consider for facilitating job ad reviews includes VONQ, which the Fosway Group indicates is a strategic leader in recruitment marketing tech.
4. Specialist providers: Streamlining employee referrals
So many organisations are using employee referrals as part of their recruitment processes, with remote workforces adopting this method in greater numbers. With international referrals increasing among remote workforces, organisations require better solutions to facilitate remote referrals.
One such option to make international referrals simpler is to use specialist assessment providers such as HireVue for assessing candidates remotely using video interview methods. HireVue is included in the Fosway 9-Grid as an assessment and interviewing specialist solution, classed as a strategic challenger in the sphere.
5. Exceptional, specialist solutions for onboarding workflows
As a result of global pandemic lockdowns, in-person onboarding suffered significantly across many organisations worldwide. One of the best solutions for answering onboarding challenges has been onboarding specialist organisations, which are continuously competing with certain HR suites.
The key is knowing which vendor suits the complex requirements of your hiring journey. Choosing between onboarding specialist vendors like Appical, SilkRoad, or Enboarder will depend on your requirements. SilkRoad, for example, is a core leader as an onboarding specialist solution, according to the Fosway Group.
Whichever vendor you select, make sure they tick the boxes that feature on your hiring requirements, such as your budget and hiring metrics.
Select the right talent acquisition system
Talent acquisition is not easy. You’ll face many challenges at each step of the hiring process, including remote hiring and onboarding new hires. But all it takes is the right talent acquisition system to help you overcome these challenges, as exceptional, new talent acquisition trends are the gateway to hiring success.
Keeping an eye on the new developments and choosing a suite or specialist vendor that suits your hiring requirements is a critical step. One look at the Fosway 9-Grid will make this easier, as will exploring Recruitment Tech for more facts on suite and specialist vendors. Hire without difficulties.
