Time rarely stands still or even slows down in the world of procurement and supply chain recruitment. Which is one of the reasons why we love it so much. As the year comes to a close, it’s always worthwhile to take a moment to review the events and trends of the last 12 months, before taking a deep breath and making plans for the future. With this in mind, we have put together a summary of some of the news, technology and happenings that have shaped 2023 and are likely to impact the world of procurement and supply chain recruitment in 2024 and beyond. Let’s take a look.
Seeking cost and process efficiencies, many businesses adopted or experimented with recruitment automation and other data-driven approaches. This involves a meticulous examination of data to evaluate the success of different recruitment efforts in acquiring high-quality candidates.
Utilizing tools such as Google Analytics, Applicant Tracking Systems (ATS), and email automation, businesses sought to optimize their recruitment processes, leveraging information from social media, job boards, and other recruiting tools. Artificial Intelligence (AI) tools played a pivotal role in screening candidates, identifying the best fits, managing the end-to-end recruitment process, and enhancing employer branding through data analysis—more on AI in procurement and supply chain recruitment shortly.
Maintaining a strong presence on platforms such as LinkedIn, Facebook, Instagram, and Twitter remained crucial for discovering the top talent in procurement and supply chain roles. Companies harnessed the power of social media to not only promote remote work opportunities but also to enhance employer branding, showcase company culture, and spotlight new launches and products. They also used the channels for posting jobs, conducting video interviews, and providing guidance for job seekers.
The ongoing shift towards social media recruitment mirrored the evolving preferences of candidates. Social media not only empowers candidates to showcase their skills beyond traditional job boards but also enables recruiters to effectively engage with their target demographics in relevant online communities.
We talk a lot about AI in recruitment on these pages and with good reason. These tools have the potential to transform the entire hiring landscape, though we always argue that human intervention is still absolutely necessary to ensure the perfect candidate-business fit.
In 2023 AI offered businesses the tools to streamline the recruitment process across various stages, from candidate discovery to onboarding, enhancing efficiency and expediting the entire process. Notably, AI tools automated time-consuming tasks such as candidate screening, mitigated bias during interviews, and facilitated candidate engagement through chatbots.
The impact of AI was not only felt by recruiters but also by candidates who leveraged the technology to craft resumes and cover letters. Read more about AI in procurement and supply chain recruitment on our blog.
In 2023, virtual recruiting became a dominant force in procurement and supply chain talent sourcing. One study revealed that 70% of companies claimed at least half of their recruiting and onboarding processes were virtual. The rise of virtual recruiting was driven by the continued ‘normality’ of remote working, allowing businesses to expand their candidate pool beyond geographic boundaries.
Notably, companies like PwC introduced mobile-enabled experiences that empowered candidates to schedule interviews and choose interviewers in real time.
Predictive analytics was another powerful tool for procurement and supply chain recruiters in 2023, enabling them to make better-informed decisions backed by historical and current data. By leveraging data from personnel management systems and databases, resumes, and job descriptions, recruiters could predict outcomes related to cultural fit, employee retention, skill acquisition, and engagement.
Global companies utilized machine learning algorithms to sort through thousands of resumes, identifying trends that indicated which applicants were more likely to be interviewed and hired. While computers did not make hiring decisions, their recommendations served as valuable tools for recruiters, streamlining the selection process.
As with AI, our team always insists on the importance of human intervention during the end-to-end hiring process. While these new technologies help streamline processes and create efficiencies, there is no substitute for a personalized experience and that is always what we will offer our clients and our candidates.
We hope this article has given you some useful reminders of just how much has changed in the last 12 months. Imagine what 2024 has in store! One thing we can be sure of is you need the right people around you to tackle any challenges and capitalize on new opportunities.
If you are looking for a new procurement and supply chain role or want to upskill your team, get in touch. We would love to help you achieve the success you deserve in 2024 and beyond.
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