The global job market is struggling to find talented candidates as the trends shift to a candidate-driven recruitment industry. It is becoming difficult with each day passing by to fill in the vacant positions across industries and business verticals. Added to that, the capital spent on candidate-recruitment is shooting high. As per the 2016 Glassdoor eBook, namely “50 HR and Recruiting Stats That Make You Think”, the median amount US firms are spending on filling one vacant position at their company is $4,000. Moreover, it takes 52 days on average to fill a vacant job role.Why Infuse Big Data into
Recruiting?The rapidly changing markets more inclined towards the candidates have forced HR leaders and recruiters to re-evaluate conventional recruiting practices. To keep up with the competition, they felt the need to incorporate big data as a form of advanced hiring practice. What Do the Studies Say on Big
Data in HR?Dynistics, a renowned UK-based business reporting, and analysis firm, in its 2013 report on the use of big data as an HR technology concluded – “30% of hiring professionals do not optimally use big data in recruitment. Hiring managers that apply big data in recruiting are twice as probable to ...
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