The recruitment landscape has undergone a drastic transformation in recent years. Earlier, HR professionals had to sift through dozens of applications and shortlist those whose qualifications fit the position. But over time, technology took over the recruitment landscape.
What led to this change? Labor shortage. Today, employees’ demands differ from what they were a few years ago. Early findings reveal that the average time-to-hire employees are 23.8 days. Not only does this cost your company revenue, but it also makes for a poor candidate experience.
The good thing is that organizations are trying to improve their recruitment process. We say so because a recent Society for Human Resource Management reveals that one in four organizations uses AI or automation to support HR-related activities. It’s about time you start deploying recruiting tools to simplify the hiring process and save your company’s resources.
Incorporating an HR management system into your recruitment process allows you to streamline and automate many time-consuming tasks, such as resume screening and interview scheduling. This accelerates the hiring process and improves the overall candidate experience. In today’s competitive job market, leveraging technology like an HR management system is crucial for attracting and retaining top talent while optimizing your company’s resources.
Continue reading to explore a few recruiting tools to help you hire the right candidate while making the hiring process efficient.
#1 Applicant Tracking Software
Sixty-three percent of time spent in the recruitment process is unnecessary, reveals a recent study. That means half the time you spend hiring candidates can be cut down if only you streamline the process.
Enter applicant tracking software, a tool that allows organizations to manage all things related to recruitment. The emergence of applicant tracking software or ATS can be traced back to the 1990s.
Early systems did nothing beyond tracking incoming CVs. But in recent years, they have been capable of doing much more than that. From CV parsing to posting jobs in multiple channels, these systems help HRs streamline and automate a major chunk of recruitment operations.
A significant upside of ATS is that it helps businesses find the right candidate by filtering those that don’t fit the role. All you need to do is set custom criteria, and the system will automatically reject unfit applicants’ resumes.
In a nutshell, ATS streamlines all real-time communication and improves the overall efficiency of the recruitment process.
#2 Recruitment CRM Software
Sourcing, screening, interviewing, and selecting—that’s what a hiring process looks like. Recruiters have to execute each of these processes for every candidate. As such, you can understand how time-consuming the recruitment process is. Thankfully, you can save your HR’s precious time by adopting candidate relationship management or CRM software.
Recruitment CRM is a cloud-based tech solution that equips organizations with the metrics, tools, and tracking systems they need to hire efficiently. With CRM software, you can streamline complex vetting practices. This saves a lot of time and money that you would spend otherwise.
A robust CRM for recruiters helps businesses maintain a positive and healthy relationship with active as well as passive candidates. It helps recruiters screen resumes, find candidates that fit the role and send offer letters.
Improved recruiter collaboration with internal team members is another significant upside of CRM, notes Gem. Every candidate’s information is stored in the CRM, so everyone can check the recruitment status by logging in to the software. Around 94 percent of hiring professionals and recruiters claimed that leveraging recruitment software has had a positive impact on the hiring process.
#3 Interviewing Software
Interviewing software is a quick-rising field in the hiring realm, and why not? You can conduct one-on-one interviews with candidates remotely. Compared to traditional phone calls, interviewing software allows hiring managers to connect with candidates on video calls, where they can communicate face-to-face freely.
Interviewing software allows for quick and efficient ways of screening talent. In regard to entry-level positions, interviewing software is a must-have. Through it, interviewers can assess the basic skills of the candidate and decide whether to proceed forward or not.
AI chatbots are becoming increasingly popular and for a good reason. They communicate well with people and provide them with accurate information quickly. Of late, chatbots have made their way into the recruiting world. Hiring managers deploy chatbots for various purposes, including recruitment communication and candidate outreach.
The greatest perk of leveraging chatbots is that you can reach out to candidates at any time of the day without having a dedicated recruiting team. Recent surveys reveal that chatbots can handle 68.9 percent of chats from the beginning until the end without human intervention.
You’ll benefit from chatbots greatly if you’re short on recruiting resources. Moreover, they are an excellent way to increase candidate engagement, as applicants can reach out about open positions as per their schedule.
With chatbots, you can ask candidates profile-specific questions, record their answers, and assess them. This, in turn, speeds up the interview process, eliminates errors, and increases efficiency.
Recruitment Tools: Looking Ahead
In the modern world, recruiting tools have become an indispensable part of every organization. These tools help hiring managers and recruiters find the right talent among the pool of candidates.
Note that this isn’t a comprehensive list of recruitment tools. Robotic process automation, resume analyzing AI tools, candidate onboarding software, and reference checking software are other recruitment tools you can use to scale and automate your recruitment process.
Before integrating any of these tools, make sure to consider your business needs. This will help you decide which one would be the best pick for your organization.