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Relevance of Blockchain on Recruitment

Figure 1. People management and organizations

Blockchain 

Block chain  is a secure database shared across a network of participants, where up-to-date information is available to all participants at the same time (www.mckinsey.com, 2022).

It always try to manage digital assets, information and working as a strength on risk management on always as most of the people are using and living in many kinds of digital platforms.

Blockchain will create high security for data while sharing on any business method. It will help to maintain all kind of history of information of all kind of virtual transactions and process of sharing data and other details. This will be cost-effective way to for transfer information in digital way.

Monitoring, control information, transparency in platforms will be done by automated process.

People may only consider and understand on bitcoin when focusing on blockchain. In HRM , which continuously move towards concepts of new digital platform may benefited in the current organizational situation. When considering HRM this will be a common issue from the point of screening, recruitment until the resignation step of all humans resources and all kind of other functions in HR. 


Block chain in changing the process of recruitment 


In 2020, where the blockchain already is taking some of the attention, there are organizations where they implemented blockchain in the process of CV scanning. 

organization should complete two main requirement which is about ,

  • Having clear and accurate idea on candidates 
  • Work place motivator assessment as well.
Hiring is one of the most changing processes where organization need to find most suitable candidate at the right time. Screening and examine the received CVs are most time consuming and it takes hours to read mails and shortlist candidates according to given requirements in job specification and to    description to match them with competencies.

Bad hiring will definitely be a cost for the organization's results of this combination are very promising. Already various companies exist that verify CVs using blockchain technology (Brown & Smit 2018).

Block chain will provide better service by storing all kind of requirements such as academic, professional, personal information rather than classify them in a manual process.

Platforms in online will allow to make platforms which matching data where Human Resource department able to improve effectiveness and ignore un matching applicants while just focusing on matching candidates, talent pool and areas of headhunting. Linked in may provide better example for using decentralized platform.  process may remain more cost and will takes little time to select most suitable candidate from a huge pool of candidates.

Instead of that this can be used in the process of background checking which takes more hours and days to do in manually.

Figure 2. Background check - current manual process vs. future block chain process

(Cielo, n.d.)


Having telephonic interview may arise confusion in employer by not having sure on which details or data mentioned in CV. for this employer will have background check to verify given data by the candidate. Here is the point where the block chain comes out. With having transparency and accuracy block chain will easily access the sensitive data on academic , professional , government on candidate and helps to sort candidate via background checking. This will surely ensure , 
  • Best selection
  • Career development of the candidate
  • Security on sensitive data 
  • Employer branding by enhancing trust 
This is most vital applications in the today’s organizations in modern business world which is requiring effective, efficient and high security of data. Block chain will work more securely on sensitive data on candidates.
(www.youtube.com, n.d.)

HR able to align with the concept of confidentiality of all kind of data use in organization and all applicants may have a highly secured and not allowed to third party involvement to personal profiles of candidates will provide high security and trust on using confidential information and this will create high secured protocol for new and existing employees to share personal data and details more safely.

Confidential workplace information can generally be broken down into three categories: employee information, management information, and business information (Halpern, 2010).

Communication which has done by cloud networks which is decentralized may shows high clarity and clear path and allow functioning in smooth way for a better communication. 
This will be more important to maintain both internal external for HR while having screening, shortlisting, interviews, meetings, while managing stakeholders in both work place and work from home concept.





 (www.youtube.com, n.d.)

Conclusion

today's organization is blockchain is consider to known as a database which is decentralized which has contemporary innovative process with the possibility to establish uncommon plans and steps of action. It will helps number of industries to make their business more simplify and smooth in functioning which are computerized and using new technology-based functions as supply chain, retail financing, Quality assurance with minimum cost and high efficiency to get more added value in output.

Figure 1. People management and organizations
Figure 2. Background check - current manual process vs. future block chain process

References


·    www.mckinsey.com. (2022). What is blockchain? | McKinsey
 Available at: https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-iblockchain. 
[Accessed 21 Mar. 2023]


·    Blogger, G. (n.d.). 7 Smart Ways Blockchain is Changing The Recruiting Process.  [online] www.yohoo.com                           Available at: https://www.yoh.com/blog/7-smart-ways-blockchain-will-change-recruiting-process                                            [Accessed 21 Mar. 2023]    


··   E.S. 10 F. 2021 and 2021 (2021). How Blockchain is Changing the Recruitment Process. [online] Workwolf.                          Available at: https://workwolf.com/blog/how-blockchain-is-changing-recruitin                                                                                [Accessed 21 Mar. 2023]


·    www.youtube.com. (n.d.). Experian UK Business - YouTube. [online] Available at: https://www.youtube.com/@ExperianUKBusiness 
      [Accessed 21 Mar. 2023].


·    www.youtube.com. (n.d.). Making Hiring Easy For Recruiters With Blockchain  Technology [online]                                               Available at: https://www.youtube.co                                                                                                                                                      [Accessed 21 Mar. 2023].

Comments

  1. RaihanaMarch 21, 2023 at 10:37 AM

    Blockchain is evolving and is a great tool for businesses

    ReplyDelete
  2. Dilani Suraweera Arachchi March 21, 2023 at 8:24 PM

    HRM plays a vital role in the era

    ReplyDelete
  3. SatheeshMarch 21, 2023 at 10:24 PM

    Hi Chinthani,
    time. (www.mckinsey.com, 2022)
    1) Full stop should be placed after the citation brackets.
    2) i learned a lesson from your one that the websites also can be cited in this manner like authors.
    Thank you.

    ReplyDelete
  4. Thusitha kumaraMarch 21, 2023 at 10:57 PM

    blockchain technology explains how IT involves to improve the and support for overall HRM .

    ReplyDelete
  5. L.D.NilukasajeewaniMarch 22, 2023 at 12:07 AM

    well said about HRM and you've well summarized the key areas in it & isn't it a bit of an easy reference if you could update References: as follows:just a suggestion

    Mckinsey & Complany, 2022. Mckinsey & Complany. [Online]
    Available at: https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-iblockchain.
    [Accessed 21 March 2023].

    ReplyDelete
  6. Dakshini MBA blogsMarch 22, 2023 at 5:35 AM

    Through this article I got knowledge about a range of less understanding. The relevance of Blockchain is inevitable in the information-based world. thanks chinthani..!

    ReplyDelete
  7. Himali MBA 2023March 29, 2023 at 10:58 AM

    I got lot of knowledge obout block chain.thanks chinthani.

    ReplyDelete
  8. MafazMarch 30, 2023 at 12:07 PM

    Information security is one of the challenges every organization faces.
    Getting the right information at the right time enables the staff to make the right decision. Also, blockchain improves the effectiveness of the work as well.

    ReplyDelete
  9. JanithApril 6, 2023 at 10:26 AM

    Great Share

    ReplyDelete
  10. CHATHURANIApril 24, 2023 at 8:36 AM

    I learned another side of HRM through your attractive article. Grate job.

    ReplyDelete
  11. Mahinda MBAApril 27, 2023 at 2:42 AM

    Information provided are valuable and important, nicely explained

    ReplyDelete
  12. Bhagya JosephApril 30, 2023 at 6:40 AM

    Blockchain is a new topic for me to learn. Gained more knowledge from this blog. Thank you for sharing a valuable post

    ReplyDelete
  13. Madhumali Thilakarathna (madhuHR Cure Blog)May 1, 2023 at 8:55 AM

    " Business runs on information. The faster it’s received and the more accurate it is, the better. Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members. A blockchain network can track orders, payments, accounts, production and much more. And because members share a single view of the truth, you can see all details of a transaction end to end, giving you greater confidence, as well as new efficiencies and opportunities" (IBM, n.d.)

    ReplyDelete
  14. MOHAMED RAHMATH RALLYMay 4, 2023 at 4:09 PM

    Great Share

    ReplyDelete
  15. Rubinie RajendranMay 5, 2023 at 5:12 AM

    Well explained, Thank you for sharing your knowledge.

    ReplyDelete

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