"The data from our survey affirmed what we've been hearing from our clients; improving the candidate experience, accelerating the hiring process and the data to make smarter hiring decisions are critical to success," said Kurt Heikkinen, President and CEO of Montage.
DELAFIELD, Wis. (PRWEB) May 22, 2018
Montage, the single solution to engage, interview and hire better candidates, faster, today released its inaugural report, entitled "Your 2018 Talent Acquisition Priorities: How Do You Benchmark Against Talent Acquisition Peers?" The report surveyed talent acquisition leaders at top U.S. corporations to gain insight into their priorities for the coming year.
The findings confirm what most talent acquisition leaders already know to be true: we're living in the age of the candidate. In April, the U.S. jobless rate fell to 3.9 percent, its lowest since 2000 - a sign that the job market has grown even tighter and more competitive. As a result, talent acquisition leaders are continuously working to improve the hiring process to better engage candidates, and are turning to recruiting technology to help them accomplish these goals.
"As a technology company purpose-built to handle the complexities of global enterprise hiring, we have unique insight into the priorities, perspectives and challenges of these organizations," said Kurt Heikkinen, President and CEO of Montage. "The data from our survey affirmed what we've been hearing from our clients; improving the candidate experience, accelerating the hiring process and the data to make smarter hiring decisions are critical to success."
Montage's 2018 Talent Acquisition Priorities survey found that candidate experience is the top priority for talent acquisition leaders. Ninety-nine percent of talent acquisition leaders rated it as a priority in their current roles, 60 percent ranked it as one of their top three most important initiatives for the coming year and it emerged as the single most important priority for talent acquisition leaders. Diversity and inclusion and predicting future performance were cited as other major priorities.
Organizations clearly value hiring assessments
More than three-quarters (77 percent) of large-enterprise organizations use assessments in hiring. While assessments are not the sole factor for a hiring decision, they do play a role in the process: the majority of talent acquisition leaders view them as a contributing data point for making a job offer. Because they are largely focused on skills fit, assessments are most often used early in the hiring process to qualify candidates for the role. In more than one third (39 percent) of surveyed companies, assessments are used across all roles.
Approaching new technology with cautious optimism
Though talent acquisition leaders agree that cutting-edge technology like AI and predictive analytics are beginning to revolutionize talent acquisition, many remain cautious about adoption, perhaps due to uncertainty about candidate reaction and regulatory risk.
Montage's 2018 Talent Acquisition Priorities survey confirms this trend, as it found that half of talent acquisition decision makers agree that AI is widely accepted as a concept in recruiting. Nearly half (46 percent) have considered using AI to automate their recruiting processes, while more than half (51 percent) say they are confident in using machine learning to inform their hiring decisions.
The survey also found that nearly two-thirds (65 percent) of talent acquisition leaders agree that predictive technologies will have a significant impact on their overall recruiting efforts, while 60 percent have already considered leveraging the technology to predict candidate fit or performance.
"We brought together a group of our most strategic clients for our innovation forums, which took place over the past month in Chicago and New York City, to share and discuss the results of our 2018 Talent Acquisition Priorities survey," Heikkinen said. "Our clients are leaders in their industry and understand what it takes to win the war for talent. These forums give our clients the opportunity to learn from one another and share best practices. The research data coupled with these forums enhances our ability to identify emerging trends and innovate - so we can continue to remain a trusted partner to our clients."
About The Survey
Montage surveyed 102 talent acquisition leaders at the director level or above with decision-making responsibility for talent acquisition strategy and/or HR technology budgets participated. While professionals from more than 20 industries responded, sectors most well represented include healthcare/medical, industrial/manufacturing, retail, education, construction and financial services. Nearly half (48 percent) work in organizations with more than 5,000 employees while 29 percent have more than 10,000 employees.
Montage is the single solution to engage, interview and hire better candidates, faster. We partner with many of the world's most well-respected brands, including 100 of the Fortune 500, to create the high-tech, high-touch hiring experience the modern candidate expects. As the pioneer of purpose-built video interviewing, our proprietary technology integrates seamlessly with enterprise needs for reliability, scalability, compliance, and security. We are committed to market driven-innovation, incorporating applicable science and data in our solutions to speed the process and improve the predictability of talent acquisition. Our commitment to superior client service and support is unique in the industry. We help each and every client at every stage of our partnership because we sincerely want them to succeed - and believe in building relationships for the long term. A privately held company, Montage is headquartered in Wisconsin and located on the Web at http://www.montagetalent.com.