08. Conclusion

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The implementation of technology in the recruitment and selection process of the organization has  gradually evolved for many years. For this reason, institutes in financial industry devote considerable resources and energy to creating high quality selection systems. Recruitment and selection process are important practices for human resource management, and are crucial in affecting organizational success or performance. 

To summarize everything, my blog has discussed about the use of technology in recruitment & selection. Online recruitment has been identified as the most efficient recruitment method, it branches into: Talent Management Systems, Advertising on the company’s website, job boards and social media network. There are some privacy and discrimination issues with online recruitment, but it does more good than harm. 

The main reason for the use of technology in recruitment and selection is the change in the human mindset. Now a day, every individual wants tasks to be done which can save time, cost, provide efficient quality results and achieve the required quantity that they want. Hence, the organizations are moving towards technologically advanced recruiting techniques which will save their time and cost. At the same time, providing them efficient employees and the desired number of candidates that they want for the job profiles in the organization.

Some of the technological techniques that are mentioned in this blog are video-based interviews, internet-based recruitment and assessment, artificial intelligence. It also shows the both the internal and external factors that impacts the technological trends in the recruitment and selection process.

After considering all these facts I must say advanced technological adoption is the future of recruitment and selection process for the HR professionals not only in the finance industry, but also in almost all the industries in the business world.



Comments

  1. Uditha DilshanDecember 29, 2021 at 8:27 AM

    Dasun, your articles on the selection process are very well written.

    You've covered most of the methods used by the finance industry in the recruitment process.

    We do know, however, that a proper hiring procedure is currently lacking, particularly in the banking industry. As a result, the future of the industry is in danger. Despite the current economic climate, it is imperative to hire the right person for the job.

    In this pandemic/economic crisis, how do you recommend the banking industry select the best candidates?

    ReplyDelete
    Replies
    1. Dasun GunawardenaJanuary 1, 2022 at 6:37 AM

      Yes, it has been a struggle to find good, qualified candidates for open positions in banks. But surveys have shown that since the pandemic began, people’s attitudes about work have changed, and it might take more than an acceptable hourly wage to draw them. Some have become comfortable working from home. Banks have lots of competitors for workers. particularly for administrative, IT, HR, marketing, and accounting positions, which can be done from home in some form. I think even as the pandemic diminishes, banks will continue to find ways to attract and retain good talent in a tight labor pool. Perhaps finding ways to involve retirees and utilizing things like part-time positions, job-sharing, work from home, etc. will become the way of the future. But of course virtual recruitments will be the obvious recommended option in pandemic situation.

      Delete
  2. Piyumi Imalka LiyanageDecember 30, 2021 at 12:11 AM

    You have given us more knowledge on your topic Dasun. Thank you for that. With this Covid -19 Pandemic now the employers around the world are moving more towards online recruiting and selection methods. Hope in Sri Lanka also this becomes more familiar and popular among employees, especially the state sector.

    ReplyDelete
    Replies
    1. Dasun GunawardenaJanuary 1, 2022 at 6:39 AM

      Yes Piyumi, I think day by day it will be popular in Sri Lanka state sector as well.

      Delete
  3. Damitu DarshanaDecember 31, 2021 at 7:48 AM

    Dasun, this is an interesting issue in HRM and you have addressed this issue in a good manner.For my point of view I also think using advanced technological techniques in recruitment and selection process is rational due to many reasons such as it reduces human bias promotes diversity.

    ReplyDelete
    Replies
    1. Dasun GunawardenaJanuary 1, 2022 at 6:41 AM

      Yes Damitu, thats the thing. Every process have positives as well as negatives. Hopefully organizations will use these virtual processes in a more practical way.

      Delete

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