Millennials, Generation Y, Echo Boomers … call them what you will, you can’t ignore them.
That generation – those now in their twenties to mid-thirties – already accounts for almost half the US labor force. And yet, according to a 2015 survey, the majority of companies confessed to having difficulty finding and retaining millennial talent.
Whether you’re looking for the star candidate from hundreds of applications, or hiring in a sector where competition for talent is huge, you need recruitment processes that help you succeed: help not only find the right candidate, but do so quickly.
Traditional recruitment strategies – paper resume reviews and in-person interviews -
In 2013 an Italian university conducted a study called Searching for a Job is a Beauty Contest. The study sent out 11,000 identical resumes with a range of pictures attached. The results were startling 50% of attractive Italians and only 17% of unattractive Italians were called back. Resumes sent without a picture had a 39% call back rate. This is great news for those blessed by the heavens but disappointing for those whacked with the ugly stick.
Video interviews save everyone valuable time and resources. If you’ve already integrated video into your hiring process, here are some things to note, based on our experience with thousands of video interviews submitted on myInterview:
We live in a world where artificial intelligence and machine learning are no longer mere buzzwords. They are actively reshaping the disruptive reality we live in. Tech experts are even talking about a 'third industrial revolution' as we witness its impact on every industry in parts or entirety.