A cloud database is a database that has been created, tested, and turned operational on a cloud platform. It is typically accessed via subscription or ‘as-a-service’ option. Over the years, Human Resources have been adopting this innovation mainly because it helps HR processes become more efficient. And among the many facets of HR, recruitment is one that extensively benefits from such positive impact.
With the job market growing at a rapid pace, this technology is becoming more valuable for the industry. Research shared by GlobalNewswire shows that the Human Capital Management global market will have a 7.8% compound annual growth rate (CAGR) from 2022 to 2028. By end of the period, its valuation is projected to have reached ZAR $604 billion (USD$36 billion). This estimation is mainly attributed to businesses trying to bounce back after the COVID pandemic. Many companies are taking advantage of cloud scalability and its incorporation of other innovations such as Machine Learning (ML) to propel growth, creating jobs along the way. HR is set to be one of the main drivers for sustaining this upward trend.
The race to attract top talent is tighter than ever with the help of cloud databases. And here are some of the ways in which it can improve the hiring process:
Bigger talent pool
Deploying a cloud database can be done by setting up centralised data containers. This allows recruitment teams to access large volumes of applicant information through one platform. Plus, it’s not limited only to hiring information such as hard skills and salary expectations. Another HR Future article discussed additional criteria considered by younger job seekers today. Many of them factor in intangible characteristics like diversity and work-life balance in their decision when looking for companies for which to apply. With cloud databases, recruiters can widen their search to ensure inclusivity and bring in more prospective candidates.
Applicant screening automation
Cloud databases can also assist in early-stage applicant screenings by automating the filtering process. Hiring personnel can avoid the tedious task of going through dozens of applications every day, as database filters can be used to see which candidates make the cut.
Some big companies are even taking this strategy a step further by using artificial intelligence (AI) on their databases. Enterprise software reporter Aisha Counts cites Oracle as an example with their human-resources software named Oracle Recruiting. The program goes through large databases of applicants and narrows down the list to the most qualified candidates.
Better workflow
With a bigger talent pool and automated screening, recruiters can focus their attention on other important aspects of the process such as creating applicant reports for hiring managers. With cloud databases serving as a more efficient source for information sharing, the hiring process can be completed faster and smoother.
Better workflow also includes applying database updates. MongoDB is an open-sourced document database detailing how modelling data can be set up to embed objects within each other. You can simplify multiple transactions in a relational database into a single transaction. This is especially useful for global companies which need to access several databases within the cloud platform to find talent. For example, updating a job posting will not entail doing it for all the databases you use. You can update one and the same entries on all databases will automatically reflect the changes you made.
Easier follow-up
After shortlisted candidates went through exams and interviews, recruiters can easily recheck info on their cloud database in case they need to follow up with applicants. You may even improve this process further by developing a tool that’s compatible with your database. Our post ‘How to Design an Effective Recruitment Process’ goes over the strategy of using an applicant tracking system for monitoring candidates. For the post-interview phase, this tool can be useful by having search fields or other organisation features for checking back with job seekers. A few clicks can show you the current top applicants for a particular position along with their details – all in one window if your cloud platform allows.
With its many advantages, it’s no wonder HR teams are transitioning their hiring process to incorporate cloud databases. As with any other facet of growing a company though, always keep in mind that it’s not just about investing in the technology. Be sure to equip the people who will handle it with the right skills and training to maximise its purpose.
HR Future Staff Writer
