It’s no secret that technical talent is in high-demand. In 2018, unemployment for software engineers weighed in at about 1.6%, significantly lower than the national average of ~4%. With the demand for technical talent far exceeding the supply, recruiters are spending a large part of their day sifting through online profiles and reaching out to passive candidates with a discouraging return rate.
Every year, Entelo surveys thousands of Talent Acquisition professionals to uncover the leading trends in recruiting technologies, best practices, and initiatives. And each year, the data that we collect reveals how rapidly the industry evolves, even in the span of 12 months.
Over the last few weeks, our podcast team has been hard at work putting together the final episodes of Hiring On All Cylinders: HR Tech Edition and in the process we've witnessed a central theme emerge. What do an editor of a major HR publication, an HR tech startup CEO, and the founder of a technology advisory firm agree upon, you might ask?
As if finding the perfect candidate wasn’t daunting enough, recruiters are often faced with the task of specifying their ideal candidate through confusing and time-consuming search queries. Countless articles are devoted to proper Boolean searches for recruiting, yet we hear from many sourcing professionals who are fed up with the hoops they have to jump through to find that diamond candidate in the rough.
So, we made it easier. Entelo is shaping the future of recruiting automation by offering Boolean Builder, a Boolean-building assistant that automates manual parts of the sourcing process by instantly generating a search string and uses AI to suggest skills relevant to the job title.
As one of the fastest growing and most innovative companies in the Bay Area, Anaplan is a leading platform provider connecting data, people, and plans across businesses. The company aims to empower its customers to plan, collaborate and act in real time with easy-to-use applications to solve complex planning challenges. Innovative technologies require innovative technologists to build them, and Anaplan meets this challenge for companies all over the world. To keep them all running smoothly, Anaplan must scale aggressively and that requires rapidly expanding headcount in key departments. In order to make hires efficiently, recruiters at Anaplan leverage a sophisticated array of technologies to maximize their productivity and deliver impactful hiring results.
AI is one of the biggest trends for 2018, and nowhere is it more needed than in recruiting talent. The global recruitment market is estimated at $200 billion, and approximately 41 million people in the U.S. alone will be looking for a job or actively recruited this year. But recruitment remains one of the biggest challenges and resource drains for companies across all industries. Today, Entelo aims to change that by making Entelo Envoy generally available to all employers.
Today Entelo is proud to deliver the 2018 Recruiting Trends Report which summarizes and highlights the strategies, pain points and motivations driving candidate sourcing, engagement and outreach for modern talent teams. Last year, we released our inaugural report which uncovered preliminary hiring trends taking us into 2017. This year, the survey expands to also examine how companies and talent acquisition leaders allocate budgets and prioritize resources around key concerns such as employer branding, diversity efforts and the growing importance of machine learning and artificial intelligence.
After surveying 1,143 talent acquisition professionals from around the world, Entelo is here with key findings that will help recruiters stay ahead of the hiring trends and arm their teams with the right tools to win the war for talent in the year to come.
Here are 10 key findings and how to use them to improve your hiring best practices:
