With increasing competition in the job market, every recruiting team out there is looking to stay ahead. And that’s not easy, especially if you’re relying on traditional recruitment methods and manual techniques. Thankfully, there are numerous recruitment platforms out there to help you hire the best.
The best recruitment software allows recruiters to automate and streamline the recruitment process to save time and effort while looking for the right talent. This is particularly important in the current job market as, according to Forbes, the best talent is off the market in as little as 10 days. Time is not on the side of the recruiter.
As such, recruitment systems that help recruiters automate job postings, candidate tracking, resume parsing, and interview scheduling are particularly important. These features help recruiters find, track and evaluate candidates throughout their hiring process at speed without sacrificing quality hires in the process.
The modern recruiter has a remarkable selection of such systems, but it’s essential to find the best recruiting software that works for your company and industry in particular. Although there is no single miracle solution, there are some key qualities you should look for.
For example, candidate experience is king in today’s job market. Candidate expectations are high, and the recruitment process is their first impression of their employer. That’s why you need recruitment software that can help with employer branding as well as creating a positive candidate experience. To this end, you’re looking for software that reduces the time-to-hire and gives candidates an accessible and approachable hiring experience.
More importantly, you’re looking for software that integrates with your existing software so your team is jumping from application to application, manually inputting the same information over and over.
There are many types of recruitment software on the market today. The plethora of options is frankly one of the biggest perks of being a recruiter in the 21st century. These softwares automate the most tedious tasks from scheduling interviews to sorting resumes so recruiters can focus on the work that really matters – finding the perfect candidate.
HR recruitment software specifically refers to any business software that helps manage employee information and other HR-related tasks such as hiring. As the name suggests, this software is designed to assist the management of people. Ideally, it’ll automate tedious tasks such as data entry and make information readily available as it is needed.
Recruitment management software, on the other hand, is more specific. It’s any software that helps recruiters attract, screen, and hire new employees.
Take ATS recruiting software as an example. Applicant tracking systems have become remarkably popular among talent acquisition teams across industries. These tools specifically help organize and streamline the recruitment process by, as the name suggests, tracking candidates as they move through the hiring cycle. As such, an ATS is often the backbone of any strong recruitment tech stack.
Candidate relationship management platforms are another example. These platforms rose in popularity in recent years as the recruitment industry became more candidate-focused. Specifically, they help maintain relationships with existing candidates while improving the overall candidate experience. Plus, they help put job listings in front of relevant candidates, similar to how marketing software places ads in front of the right customers. They also track views, clicks, and received applications to help build and manage larger candidate pools while providing a deeper analysis of recruitment metrics.
Interview software is equally important. The interview process takes up three-quarters of recruiters’ time. And much of this time is spent on scheduling alone. According to Yello, the average recruiter takes anywhere from 30 minutes to 2 hours per candidate to schedule a single interview.
Recruitment for small businesses can be a challenge. They’re competing for talent with large enterprises that can afford large in-house recruitment teams – something completely off the table for small enterprises. Rather, they depend on agencies or small recruiter teams wearing many different hats to make recruiting cost-effective. As such, recruitment software for small businesses is invaluable.
The best recruiting software for small businesses should be cost-effective. That’s to say, recruiting platforms for small businesses need to be affordable and offer as much value as possible.
Additionally, these platforms should be flexible as possible, integrating with existing systems. Like small business recruiters, small business recruiting software has to be flexible. That means you’re looking for customizable workflows to meet their specific recruitment needs. This includes custom stages, set-up notifications, and candidate tracking.
On the subject of candidate tracking, many small businesses cannot afford a dedicated applicant tracking system. As such, it’s important for them to seek out and utilize standalone solutions that allow them to view resumes, schedule interviews, and promote quality communication in-house and with candidates.
Recruitment agencies face entirely different challenges than other businesses because recruitment is their business. Recruitment agencies often face high-volume hiring for their clients which poses a unique and time-consuming challenge. Thankfully, there are equally innovative and time-saving recruitment software for agencies to combat that challenge.
As such, for recruitment agencies, an ATS isn’t a nice to have, it’s a necessity. Applicant tracking systems enable agencies to track and manage the large volume of candidates they face every year. That allows agencies to sort, filter and search through resumes while automating much of the hiring process.
Similarly, the best recruitment software for agencies makes meaningful recruitment metrics easy to track. Detailed reporting and analytics give insights into these metrics such as time-to-fill and cost-per-hire. This invaluable data allows agencies to identify areas that could use improvement to optimize their recruitment efforts.
What’s more, recruitment agencies screen massive numbers of candidates every year – taking up three-quarters of the entire hiring process. That makes screening a ripe opportunity for optimization. On-demand phone interviews, as just an example, allow recruiters to screen 24/7 while automating the scheduling process. This cuts hundreds of hours out of the process and allows recruiters to focus on the most important aspect of recruitment – finding the best talent before the competition.
The labor market is always changing. Every year, every quarter, recruiters must evaluate their goals and plan their recruitment strategies accordingly. So, let’s take a look at recruiting goals for 2023.