Report: Leverage HR Technology for Recruiting Candidates Digital Age

Bullhorn, the cloud computing company that helps staffing and recruiting organizations transform their businesses, found that 84 percent of global recruitment firms feel the need to embrace digital transformation -- defined as the integration of technology into all areas of their business for the purposes of improving operations and the way they deliver value to customers -- to remain competitive. According to Bullhorn's 2019 Global Recruitment Insights and Data research, 55 percent of respondents believe that artificial intelligence -- one aspect of the digital transformation journey -- will have a positive impact on candidate and customer engagement. While firms see digital transformation as an opportunity, they also acknowledge it as a challenge. Forty-nine percent of them rank embracing digital transformation to improve operations as their top operational hurdle, ahead of pricing pressure and margin compression (44 percent) and increased competition from freelance and gig platforms (27 percent). Bullhorn's Global Recruitment Insights and Data research also illuminates overall optimism for 2019, despite persistent concerns and challenges related to tight talent pools, candidate-driven market and economic conditions, and macroeconomics and politics.