Your recruiting team’s priorities may have changed in recent years, and you’re likely using new tactics to attract and engage candidates. But your mission is the same: to hire the best possible candidates for every role. You’re still looking for candidates whose skills fit role responsibilities and who have the potential to grow and stay with your company long-term. But are you using recruitment software to achieve that mission?
The benefits of recruitment software are significant and most recruiters are taking notice. 68% say investing in recruiting technology is the best way to improve their performance. That’s supported by the fact that 94% of recruiters say recruitment software has had a positive impact on their hiring process.
Want to find out why so many recruiters are in favor of using software for talent acquisition? We’re covering some of the advantages of recruitment software so you can picture how your team would benefit. Already using recruitment software? Consider whether or not you’re getting these benefits from your current solution.Did you know that 68% of recruiters say the best way to improve their performance is by investing in #Recruiting technology? Find out why #RecruitmentSoftware is so important:
1. Build an Engaging Candidate Experience
The candidate experience starts with job seekers’ first interaction with your brand and doesn’t really end until their first day (and arguably, into their onboarding program). If candidates have a bad experience, 62% would reject a job offer. That’s because the candidate experience is a preview of what it’s like to work at your company and how much its employees are valued.
Recruitment software can help you create a candidate experience that reflects your company culture and attracts a range of qualified applicants. With recruiting software, your team has access to tools to simplify job applications, interview scheduling, and communication with candidates and among recruiters. Create a smooth, efficient candidate experience with recruiting tools like:
- Multilingual applications
- Applications accessible via mobile devices
- Applications via text message
- Automatic interview scheduling and quick virtual interview links
Did You Know? If job applications are too long or complex, as many as 60% of job seekers won’t complete the application.
2. Get in Front of More Candidates
With recruiting software, recruiters can use one tool to manage, post, and promote open positions on multiple job boards. They’ll save hours of logging into multiple accounts to make updates. Clients of top recruiting software providers often have access to discounted rates for paid posts. Recruiters will have more tools and more time to spend digging into other candidate sources and ultimately can reach a wider range of candidates.
3. Strengthen Your Candidate Pipeline
One aspect of recruiting that can go unattended, especially when there are lots of open roles to fill, is building and maintaining a candidate pipeline. Fortunately, recruitment software does the heavy lifting — applicants are loaded into a candidate database with detailed, searchable candidate profiles. When new roles open up, recruiters can search the database for skills or qualifications to find potential candidates who have already shown interest in working at the company.
4. Improve Communication
Delayed or vague communication negatively impacts candidate experience — 70% of candidates want to receive status updates weekly or more, but 52% say they’ve gone more than two months without hearing anything about their application. On the other hand, if communication is consistent throughout the hiring process, candidates tend to have a positive impression of your company even if they aren’t hired.
Recruiting software provides a central dashboard where recruiters and hiring managers can get a quick look at where candidates stand in the hiring process. Recruiters can use the same platform to provide candidates updates on their application status via email or text, and their communications are stored so that hiring managers see the most current information.70% of job candidates want to receive an update on their application status at least once per week. Find out more about the importance of communicating with candidates and how #RecruitingSoftware can help:
5. Reduce Recruitment Metrics
Recruitment software is meant to help recruiters work more efficiently, attracting more applicants and hiring them faster while keeping costs down. There are three important metrics that recruiters can use software to reduce: time to hire, time to fill, and cost per hire.
- Time to hire: Time to hire is the time it takes to hire the selected candidate from the time of their application until they accept a job offer.
- Time to fill: Time to fill is the total time from when the job requisition is listed until an offer letter is signed.
- Cost per hire: Hiring can cost an estimated $3,500 per employee on the low end. Recruiting software streamlines time-consuming work and enables faster hiring so roles don’t sit empty.
6. Use Recruiting Analytics for Better Quality of Hire
The recruiting analytics generated from your company’s recruitment data provide insight into quality of hire. Quality of hire is a set of metrics determined by your company that measures the success of each employee. These may include:
- Length of employment
- Employee engagement
- Ramp time
- Goal completion
Did You Know? 48% of businesses say employee referrals are their top source of high-quality hires.
Great recruiting software can create reports and dashboards with the most up-to-date metrics to give recruiters a quick overview of quality of hire. Your team can compare quality of hire for new hires in the same role and those who were hired around the same time to discover similarities in their onboarding or hiring process.
Quality of hire insight can help recruiters identify what top performers have in common and use that knowledge to refine recruiting strategies and inform future hiring decisions. High quality of hire is evidence that your recruiters are using effective strategies to reach top talent and keep candidates engaged throughout the recruitment process.
A recruiting software solution can make all the difference when it comes to finding qualified, high-quality candidates, especially when the talent landscape is so competitive. Giving recruiters the right tools to find the best possible employees not only helps them hire better and faster — better hires and fewer empty roles also contribute to a successful business.
Your recruiters can reap all of these benefits, and more, with ClearCompany’s award-winning Recruiting Platform. Our modern recruitment platform is equipped with the tools and reports needed to find great candidates and make data-informed hiring decisions.
Get a demo of ClearCompany’s Applicant Tracking System to get the answers to your recruiting software FAQs and see the benefits of the software in action. Sign up for a demo today.