The pandemic has accelerated a real shift in the European recruitment software market and stimulated growth for a new breed of leaders. Where no Strategic Leaders were identified in last year’s research, the 2021 analysis includes a range of both suite and specialist providers who have matured in their sophistication and are helping organisations hiring digitally – and with great velocity – across the entire recruitment funnel.
The 2021 report highlights key market trends including diversity, equality and inclusion finally moving to the centre of the recruiting process, the rise of talent mobility as a key to survival in many cases as organisations respond to the impact of the pandemic, and innovations in the candidate experience. New solution trends are also explored, as virtual talent acquisition is here to stay. From innovations in interview scheduling and collaborative hiring, to challenges around remote onboarding and questions of bias and ethics when it comes to the increasing use of AI (Artificial Intelligence), through to a perhaps overdue farewell to post-and-pray Applicant Tracking Systems (ATS).
The Fosway 9-Grid™ for Talent Acquisition supports buyers in the European talent acquisition market at a time when they are faced with more choice than ever before. Fosway’s analysis assesses solutions based on whether they are part of a talent acquisition suite, or a specialist focused on certain parts of the recruitment process such as candidate experience, CRM, employee referrals and onboarding.
The research is created with input from Fosway’s Corporate Research Network of over 250 organisations. Its aim is to demystify the supply options available to organisations and help HR teams make better buying decisions when it comes to investing in their technology solutions.
David Wilson, CEO of Fosway Group said, ‘Recruitment has always been a bellwether for the economy and this research shows promising signs of recovery, but also an unparalleled disruption in recruitment processes and technology. Organisations need to be ready to scale their talent acquisition fast and better recruitment technology is the key to that. Virtual elements are now here to stay and have also driven some welcome creativity in the use of video and in candidate experience and relationship management. Diversity, equality, and inclusion in hiring is also finally being given the priority it deserves.’
He continues, ‘Buyers need to consider their ecosystem and where specialist solutions can fit in with existing HR and talent systems – or where modern TA suites can replace outdated ATS technology. Those organisations using suppliers with a stronger ecosystem approach found it easier to cope during the pandemic – and will prove more resilient and agile going forward.’
Fosway’s David Wilson and Dr. Sven Elbert will take questions on the research in a live online ‘Ask The Analyst’ session on 11 May 2021. Register for your free place now. Places are allocated on a first come, first served basis.
About the Fosway 9-Grid™
The Fosway 9-Grid™ provides a unique assessment of the principal learning and talent supply options available to organisations in EMEA. Now in its eighth year, the analysis is based on extensive independent research and insights from the Fosway’s Corporate Research Network of over 250 customer organisations, including BP, HSBC, PwC, RBS, Sanofi, Shell and Vodafone.