AI tools like Open Art and Chat GPT have skyrocketed in popularity over the past few months, it can start to feel like AI has boomed overnight. While many worry about the 75 million jobs that were projected to become obsolete by 2022, those 75 million jobs will be replaced by 133 million new jobs that have come to exist and will come to exist in the future as a result of AI. The bottom line is this: AI is here to stay and will continue to grow.
All manner of industries have been exploring automation to help improve workflow for years, and Human Resources are no different. Recruitment is a vital function of the building and maintaining a company. Without quality recruitment practices an entire business ecosystem can suffer.
Recruiting software is getting more innovative with every passing year, but the need for automated recruiting software has grown with the rise of the online application process. As thousands of people apply for one open role within a twenty-four-hour period, it becomes impossible to find the right person to join the team with so much noise and fluff to cut through. With automation, companies can now work through thousands of applications at a rate faster than a human alone ever could.
But what does this mean for recruiters? What types of recruiting software are available, specifically automation software? And is automating the recruitment process even worth it? We hope to answer these questions and more throughout this article.
With several types of recruiting software available, there are multiple facets of the recruiting process your company can improve with automation. Here are 7 of the most common recruiting software types currently on the market, one or more of which you may have already interacted with in some capacity.
Also known as applicant tracking systems, or ATS, these tools organize, acquire, and communicate with job applicants. This system, in particular, ranks and prioritizes the most valuable candidates for a job. By automating in this way, businesses eliminate time spent by a human filling in the information, as well the potential for human error, which can prove costly should the wrong candidate find themselves in a job not suited for them.
CRM software is designed to assist recruiters in boosting candidate engagement with their job openings, helping them to find the most qualified talent for each available role. Additionally, CRM software is frequently organizing information to assist with sourcing talent pools, as well as fostering relationships with passive job applicants. The main difference between CRM software versus the previously discussed candidate tracking systems is that CRM focused on engaging with all job applicants, while candidate tracking systems prioritize a select few.
Most humans would struggle with the tedious task of scouring hundreds to thousands of resumes for relevant skills. Resume parsing software saves tremendous time and resources by searching resumes for set keywords necessary for the job's function, as well as sometimes reviewing the job applicant's social media for competency. This type of software is available standalone but is frequently included with candidate tracking systems.
Since the COVID-19 pandemic, many of us have become familiar with Zoom, Google Meet, and other video conference platforms. This style of software eliminates the cost of conducting in-person interviews, and some more advanced video interview software can assess job applicants’ speech patterns and facial expressions throughout the interview to help companies decide on the best fit for the role.
With many of the same benefits of video interview software, phone interview software allows for recruiters to conduct remote screening easily. However, phone interviews are more accessible and offer a faster review process compared to video interviews.
These assessments, which are only moderately time-consuming for applicants, speak volumes to potential employers about a candidate's work ethic, personality, and willingness to grow. Whether multiple-choice quizzes, fill-in-the-blank games, or tests for cognitive ability and emotional intelligence, the myriad of assessment tools available can assist employers in uncovering a candidate's true intelligence and nature.
If you have been hired at a new job within the past years, you have probably interacted with onboarding software. This automation is designed to streamline new-hire paperwork, and training, allowing new employees to get to work at a faster rate than previously possible with traditional training.
These search engines are made specifically to advertise job openings. While Indeed and Glassdoor, two well-known job boards, are primarily known for listing job openings, they both offer several additional capabilities. Built-in communication tools, branding, and analytics help companies and job seekers alike find the right fit.
With many options for recruiting automation software available, it can be hard to pick the right platform for your company. These four commonly used recruiting tools do vary in price range and features, providing a perfect plan for any business.
This cloud-based automation software is designed to make hiring more efficient. Offering a free trial, pay-as-you-go, or subscription-based plan, Workable utilizes candidate tracking systems, video interview software, candidate engagement, behavioral and talent assessment tools, as well as analyzing your hiring process, including time-to-hire and cost-per-hire.
Recruiterbox, now Hire, was designed with small to midsize businesses in mind. Hire includes all the same features of Workable, as well as a space for collaboration, communication, and workflow among HR teams. Pricing is moderate and subject to each business’s unique needs.
Greenhouse also offers candidate tracking systems, video interview software, candidate engagement, behavioral and talent assessment tools, recruitment data analysis, and a collaboration platform. Greenhouse is the most costly subscription option included here, with the price varying based on your company's specific needs.
Featuring all of the same offerings as Greenhouse, Recruiterbox, and Workable, Lever's Starter Plan features five job postings and unlimited users for only $599 per month.
Efficiency is one of the main benefits of automating recruitment processes. We have already seen efficiency as the key purpose for the use of resume parsing tools as well as CRM and ATS software, but there are so many other great reasons to utilize AI in the hiring process.
Because automation can move through applications at a faster rate than humans are capable of, applicants can receive their results from employers faster, improving candidate and company relations.
By automating recruitment tasks, companies can take the money they would typically pay a human to complete these manual tasks and pay them to execute more fulfilling work.
Change can be overwhelming, but it is apparent with each passing year that automation is here to stay. Rather than fear it, we put ourselves at an advantage by working with it to improve the quality of our work environments.