Recruitment teams, staffing firms and talent search services providers are natural custodians of large volumes of data – data related to recruitment operations, candidates details, candidate sources, jobs data (salary range and locations) and the like.
Today, recruitment is far more candidate-driven than what it used to be even 5 years before; in other words job seekers are deciding the course of action recruiters are taking.
Recruitment/HR teams as well as staffing firms hold large volumes of candidate data, which is turning out to be a key business enabler. Staffing firms and talent acquisition teams have developed dependencies on data of this kind to the extent that it is being increasingly used to assist in decision-making.
2019 presents numerous opportunities as well as challenges for the global recruitment industry. Opportunities emanate from the changes in the enabling technologies that drive the sector.
The advent of Digital technologies is altering the staffing and recruitment landscape in more ways than one. It is not just the application of different technologies to improve efficiencies and quicken time-to-market, it is also about the myriad ways technology is helping connect jobs and people with skills.
For any recruitment practitioner, information and insights pertaining to the attractiveness of a location for a group of skills can be beneficial in ways more than one.
UK is by far Europe’s biggest FinTech hub employing ~76,500 people (as of April 2018). It is widely believed that the sector will employ more than a 100,000 people by 2030, creating 30,000 new jobs according to an estimate by Innovate Finance, the independent membership association representing UK’s global FinTech community.
Whether you are looking to fill traditional technology roles or roles straddling the entire gamut of cutting-edge digital technologies such as blockchain, data science, artificial intelligence and cybersecurity, the importance of STEM skills (Science, Technology, Engineering & Mathematics) cannot be over emphasized.
UK’s digital technology sector is one of the largest ecosystems in the world and has positioned itself as one of the global leaders in technology. Internationally, the sector is highly competitive.