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.
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.