Massive Influx of Resumes Prompts Companies to Handle it with Technology

Changes in the Approach to Retention Are Also Evident -- 

Despite improvements in the economy, hiring still lags behind the rise in resumes received by businesses, according to results of a survey recently released by NuView Systems Inc., a global HR & payroll software platform provider. The scenario creates new challenges for employers.

Surveying companies across several industries, NuView found that more than 53 percent of companies reported that they are hiring. This is an increase over findings from a year ago. Even so, regardless of hiring status, 58 percent of companies report seeing an influx of resumes, which they are fielding, increasingly, with technology -- because of the sheer volume. Even so, the survey also shows that while employers are turning to social media in the recruiting process, the more traditional methods, including job boards, websites and employee referrals, are still more prevalent for attracting candidates.

On the topic of retaining workers, the survey findings showed that more employers (34 percent) are offering better benefits and incentives as a retention tool, while fewer (15 percent) are using bonuses and pay increases. Significantly, 20 percent have increased their training and development programs to boost retention rates, while another 20 percent have not changed anything to help with retention.