What does Big Data mean for recruiting in 2017?

The main trend in all the areas of the new tech market is the increasing of the volume of data. The recruitment  is not an exception. Therefore, the experts have to follow the trend and use all the available data optimization tools. In the current environment Big Data can not be associated with the sphere of IT and analytical marketing only. The handling of large amounts of data and analytics capabilities of the databases is just a necessity.

The recruiting market Stats in 2016 speaks for itself. For example, the Pew Research experts say that 54 percent of Americans use the internet to research available jobs, and nearly 45 percent apply for jobs online.  And according to the SHRM research 87 percent said they recruit other salaried employees using social platforms.

Such solutions as SignalHire platform allows to gather the profiles of candidates throughout many public networks and to analyze optimally all the information about the candidates’ market.

On the other hand, the IT experts have expressed the view that the expansion of Big Data and the acceleration of the growth rate have become an objective reality. The huge amounts of sources such as social networks, news sites, file sharing are generated every second and it is only a hundredth part of the suppliers.

According to the IDC Digital Universe research, in the next five years the volume of data on the planet grows up to 40 Zettabyte That means that by 2020 each person living on Earth will account for 5200 GB.

Let’s just imagine how many candidates around the world address the large databases recruiting networks.  The recent studies have shown that 65% of recruiters reported the lack of automated systems integrations as their biggest technology headache in a recent survey, and 72% reported that this lack of consolidated data and aggregate analytics represents one of their biggest hurdles in adopting data driven recruiting processes and procedures. (Recruitingdaily).

The new solution of technological the platforms such as www.signalhire.com analyze large amounts of information on employees (experience, community involvement activities, social relations, different skills and personal interests). This information can help to determine the qualities that testify the success of an employee in a particular company.

The example of the modern tool like Signal Hire that is not just a database, helps to analyze optimally the information from the different sides according to the recruiter requirements.

Every modern recruiter’s goal should to be integrated with every channel and every phase via data-centric analysis. The best recruiters use the data and performance metrics so that they know what works and what does not.

Whether the recruiters want to admit it or not need to use such tools as SignalHire in 2017 even more. It is not just useful and convenient, but also wrapped in a nice interface. To be in trend we should develop analytical thinking and understanding of the competitive market, but  also not to forget about the personal qualities that are important in the right recruiting process.