Implementation of Blockchain Technology into Human resource recruitment

Human resource management is a prominent part of an organization, which is responsible for hiring talents, developing different sorts of policies, and assisting in the employee life cycle. In this fast-paced world, the functions of the HR department are still very tedious. A relatively long time is required by the organization to hire the right talent and organizational efficiency is suffering. Thus, to overcome this problem and speed up the process of hiring, the integration of blockchain would be helpful. The major goal of this thesis paper is to investigate the possible benefits of implementing blockchain technology into human resource management especially in recruiting and suggests a prototype of blockchain application. Thorough research has been done to design the model of the system under the supervision of industry experts. Qualitative research has been done to collect the data where surveys and six structured interviews were conducted. Data analysis has been performed through thematic analysis. The main outcome of the study is to find the prevalent problems faced by hiring managers and examine how blockchain can solve those problems. In conclusion, this research paper has investigated that the problems faced by hiring managers were fake resumes, lack of talented applications/ talent supply, lack of company’s branding, in-efficient work from third hiring party company and maximum time consumption in verifying candidate details. Further, it has been found that by implementing blockchain technology, companies can get access to a large number of talent pools, easily verify details, do not have to depend on a third hiring party. These findings have allowed the author to suggest a prototype of the blockchain system and suggest future study recommendations as well