What is the industry 4.0 and how does it affect the recruiting world?

Over the last couple of years, the premise that we are already in the age of the industry 4.0 has been generally accepted. That is a statement of big proportions due to the big changes that concept entails and the conclusions we can draw from it. Of course, this discussion is not unrelated to the world of Human Resources and recruitment companies. 

So, what does industry 4.0 mean? Well, regardless of your area of specialization, this is a concept you must get familiar with. In this article, we will show you what is the industry 4.0 and some of the possibilities it offers to the world of recruitment. 

What is the industry 4.0? 

Industry 4.0 is a term that refers to the fourth industrial revolution in which we are right now. This is propelled by technology achievements. We have to keep in mind that technology has a key role in almost every aspect of society today. 

If we do a quick history recap, the First Industrial Revolution took place around 1760 after the invention of the first vapor-powered machines and the first factories. 100 years later, the Second Industrial Revolution started around 1860, triggered by mass production and new technologies such as electricity and the combustion engine. 

Almost another 100 years later, the Third Industrial Revolution, which is usually placed around 1970, gave us the invention of the computer. This constant process of technological achievements takes us to the present day and The Fourth Industrial Revolution. 

The Industrial Revolution 4.0 

The Fourth Industrial Revolution set itself apart from the previous ones by the way in which technology integrates with every industry, society and the personal life of people. Today, it is very difficult to carry our regular daily activities (whether professional o personal) without the help of technology. 

Technology has changed the way companies operate regardless of the field in which they function. In today’s world, it’s normal and even necessary to have interconnected machines and intelligent objects to have an efficient business. 

Technology such as the internet of things give us the opportunity to have a whole network of interconnected machines, which contributes greatly to the advance of intelligent factories, but also applies to many other industries. 

Likewise, cloud technology allows us to manage information saved in a virtual space and easy to access from almost anywhere. In a world in which telecommuting is the current norm, this technology turns out to be necessary for modern organizations. 

The same can be said about Big Data technology by which we can analyze huge amounts of quickly turning it into more manageable pieces of information for people. This has a direct effect over the optimization of processes in businesses and, as a consequence, a better performance. 

Industry 4.0 in recruitment 

As expected, the arrival of all these new technologies has a visible impact in the world of Human Resources. In fact, artificial intelligence and machine learning are starting to change the way organizations recruit talent. 

For example, the let’s take the ATS (Applicant Tracking System), which can really help recruiter sourcing and assessing candidates quickly. Many of these systems have advanced algorithms that can actually learn from the use they receive. Therefore, they can get to the point of identifying the candidates with the highest chances of fitting the required profile. 

Another very interesting tool of artificial intelligence are chatbots in recruitment. These are bots programmed to provide a proper follow up for candidates and keep them engaged throughout the whole recruitment process. In a context in which candidate experience is so important, automating this part of the process proves to be of valuable help. 

You might like: What are the benefits of AI in Recruitment and Talent Acquisition? 

E-RPO service in Talent2Win 

The integrated use of these technologies applied in the recruitment and selection of talent favors the creation of services where experienced professionals and state of the art technology join forces. Therefore, a standard service such as RPO (Recruitment Process Outsourcing) can be digitalized to provide an even better service for the company that requires it. 

For example, at Talent2Win we have completely digitalized the traditional RPO services turning them into e-RPO. Artificial intelligence technology lets us provide a faster recruitment process. Additionally, it can be more effective and friendlier not only with the candidates, but also with our clients who need to fill a position quickly. 

Even better, since the process is carried out through digital software such as ATS, our clients can check the status of the process in real time. Also, due to digital platforms like clod technology, clients can check the process 24/7. 

Bottom line 

The revolution 4.0 force us to rethink businesses and look for ways to integrate them and leverage the ever-growing wave of technological advancements. In this context, it is necessary to adapt the world of Human Resources to this new scenario. The businesses that fail to adapt to this new reality will become obsolete. 

At Talent2Win, we strive to align your company’s business objectives with the best Talent Acquisition strategies available. If you want to learn more about the services we offer, do not hesitate to contact us.