Talent Beyond Borders: How Technology is Transforming Israel’s Staff Outsourcing
With one-quarter of companies turning to artificial intelligence and automation technology to bridge labor skills gaps, the future of talent acquisition in Israel is rapidly becoming borderless.
According to the IBM Global AI Adoption Index report, 25% of businesses are adopting AI solutions to address their talent acquisition shortcomings.
Such extensive market gaps highlight the opportunities of effective outsourced labor on a global scale, and we’re already seeing use cases emerge within automation technology that have the potential to transform how we identify and onboard talent.
Israel’s tech sector constitutes 20% of the nation’s gross domestic product and 53% of its exports. Such a burgeoning industry makes the international sourcing of talent essential to continue innovating ahead of competitors with larger populations.
The exceptionally high demand for skilled tech talent inside Israel, coupled with high local salaries, has seen more domestic firms look overseas to fulfil their recruitment needs.
According to the Israel Innovation Authority, the number of tech businesses that are hiring permanent staff from Eastern Europe has grown by 37% since 2020.
With the global AI in talent acquisition market size expected to accelerate to a value of $3.7 billion by 2033 at a CAGR of 15.1%, it’s clear that artificial intelligence and automation technology will play a major role in shaping how recruiters identify and onboard skilled workers in Israel and beyond over the years ahead.
But how will the technology help Israeli firms and those businesses looking to expand into Israel to create a borderless remote workforce with unprecedented efficiency? Let’s take a deeper look at the far-reaching potential of AI in staff outsourcing:
Recruitment Market Intelligence
Intelligent workflows will form the backbone of recruitment efforts for Israeli organizations in the future, and these processes will lean on uniting AI, predictive analytics, and automation to build a holistic overview of the hiring community and candidate community.
Crucially, intelligent workflows can aid companies in prioritizing their recruiting efforts. While all open positions are important, many can carry different business values and impacts. These workflows can actively assess the relative importance of each position to aid recruiters in spreading their efforts more effectively.
This helps organizations to maximize their return on investment based on the business value that successful hires bring to the business.
Tools like the IBM platform are already making use of workflow intelligence by leveraging cloud and technology-agnostic infrastructure to deliver advanced recruiting solutions in competitive markets.
Enhanced Efficiency
One key advantage of incorporating automation technology into remote recruitment strategies is the pace at which it can process significant volumes of data.
Artificial intelligence algorithms are capable of scanning thousands of resumes and job applications almost instantly, identifying the most qualified candidates throughout a global talent pool regardless of the native language of the CV in question.
This can help to enhance Israel’s existing staff outsourcing schemes, such as its scheme to recruit Indian workers that some talented employees have suggested could benefit from improvements in matching talent to their strongest roles.
Crucially, this technology can alleviate hours of manual labor for recruiters, helping HR professionals to allocate more time towards strategic tasks.
Israeli organizations can use automation tools to quickly tap into vast international talent pools to efficiently recruit criteria-fitting remote talent from across the world.
Predictive People Analytics
People analytics is a powerful automation tool for HR teams, and artificial intelligence can help more businesses analyze historical data to forecast candidate success following the onboarding process.
Empowering recruiters with greater analytical intelligence surrounding candidate capabilities, they can play a pivotal role in driving effective hires while lowering instances of employee turnover.
The ability to examine and review patterns from a company’s previous hires means that machine learning algorithms can identify the traits of successful hires and high-performing workers to leverage a strong alignment of skills and soft skills that can be integrated into the company culture.
Machine learning has the power to not only identify candidates that align with the business but also explore prospects for internal promotions and alert HR professionals to early signs of underperformance throughout the existing workforce, helping to fully future-proof operations.
Virtual Candidate Screening
Artificial intelligence can also automate the candidate screening process for remote roles where in-person interviews aren’t possible.
Because it can be a significant challenge to take meaningful impressions from a video interview, AI solutions have the ability to assess a candidate’s responses in real-time, analyzing facial expressions and tone to assess soft skills in communications and personability and determine whether each candidate would be a suitable cultural fit.
Artificial intelligence video interviews are not only an effective tool for fully assessing the tangible and intangible qualities of candidates, but they can also be deployed in the relevant time zone for interviewees and in a native language to develop a comprehensive assessment.
Eliminating Bias
Technology also plays a pivotal role in stamping out unconscious bias from staff outsourcing.
The initial screening phase can be prone to bias from recruiters, but AI systems can provide an all-important objective view of candidates based on factors such as education, experience, and relevant credentials.
Although artificial intelligence models are only as objective as the data that’s been used to train them, well-sourced AI models can ensure that all applications are fairly evaluated using the same assessment criteria and on their role suitability alone.
Borderless Talent Sourcing
Automation technology will transform the ways that Israeli businesses source talent at scale, opening the door to greater accuracy and efficiency when recruiting new team members from overseas.
This borderless approach to outsourcing means that recruiters can benefit from far greater accuracy throughout all stages of the acquisition and onboarding process, paving the way for lower rates of employee turnover and greater job satisfaction in the process.
The age of automation is only getting started, and in terms of its raw power to attract and onboard global talent, the benefits can seem limitless.