5 effective ways to make use of your recruitment software
Excerpt: Effective use of a recruitment software holds the potential to revamp the hiring process. Read more to find out how recruiters can effectively make use of this powerful recruiting tool!
There are countless benefits to using an Applicant Tracking System. Not only does it simplify the entire recruiting process, but it also allows recruiters to save a massive chunk of their time and effort, which prompts maximum work productivity and efficiency. In addition, the ability to accumulate and organize large amounts of candidate data makes it extremely easy to get quality hires that can significantly impact the organization. For this very reason, many organizations, big or small, are incorporating Applicant Tracking Systems into their hiring process, and it has become an indispensable tool for modern-day recruiters.
However, an applicant tracking system can only benefit those who know how to utilize it to its fullest potential. Today, many organizations anticipate more from their recruiting software. Hiring staff know they can turn these systems into compliance tools and valuable sources of hiring similar to a marketing or sales database. Without understanding the true potential of your recruitment software, your software will function as a liability rather than an asset.
Here are five tips to get the most out of your recruitment software:
1. Leverage your recruitment data
Recruitment software enables recruiters to track key recruiting analytics, which can help provide an overview of the entire hiring process. These insights are a great way to get information about which parts of the process are lacking and which aspects are performing well. This way, you’ll have solid data to prove what requires change and improvement for the recruitment process.
Recruiting analytics don’t just stop there. An intelligent recruiting solution can help employers track how new hires feel about their positions and overall organization. In addition, it provides a window to see how effective the hiring team was and their effectiveness in selecting the right candidate.
Another significant insight that recruitment analytics provides is identifying sources of top talent. Today, recruiters can source talent from many different platforms, and a recruiting solution helps identify these top sources of talent through software analytics. This helps recruiters reinvent their hiring strategies to devote more attention to those platforms. Refining your sourcing strategy also helps improve the efficiency of your hiring team.
Making use of your recruitment data can help recruiters make positive changes and understand their strengths and weaknesses throughout the process. This ensures that only the best candidates make their way to your organization.
2. Make use of a CRM
Many of Today’s top recruitment solutions come integrated with a built-in Customer Relationship Management feature. A built-in CRM feature is an excellent way to stay engaged with candidates and clients and helps manage your candidate pipeline. In addition, recruiting software with a CRM integration makes the most of your budget and eliminates errors and wasted time from a fragmented system.
To put it simply, A CRM functions as an engine that drives your sourcing team, lets you create talent pools and helps you build and nurture relationships with passive talent and previous candidates. According to a State of Sales report by LinkedIn, 64% of companies say CRM tools are impactful or very impactful. A built-in CRM feature functions as an ecosystem for all passive and active candidates and previous candidates who applied for a position for your organization.
Ultimately, your recruitment software and CRM feature will work cohesively as a complete talent intelligence hub for your organization!
3. Optimizing candidate experience
Recruitment software helps recruiters be more responsive and helps keep candidates engaged, which helps create a positive candidate experience. The candidate experience is a crucial aspect in Today’s world as it creates a long-lasting impression of your organization and influences your employer branding.
A high-quality recruiting software can help recruiters improve the candidate experience in several ways. A negative candidate experience can arise due to many factors, including a lengthy or confusing application process, difficulty in navigating a career site, or lack of communication. Fortunately, all of these issues can be resolved through recruitment software—without opening multiple tabs, tools and windows!
Besides these valuable features, tracking data and analytics through a recruitment software can help recruiters measure the candidate experience. By identifying where you are lacking and where candidates do not feel satisfied, recruiters can make changes to their hiring process to serve the needs of candidates. These insights can help you improve the candidate journey, bringing more interested candidates to your job offers. These are some metrics recruiters can keep an eye out for to improve the candidate experience:
- Website conversion rate
- Application dropoff
- Offer acceptance rate
- The engagement rate for database
- Career site review
4. Take advantage of social recruiting
Social recruiting has earned a prominent place in the recruiting and staffing industry for all the right places. With the right recruiting solution, you can leverage social recruiting by integrating your software which helps automate the social recruiting process. Today, automated recruitment software helps automate several functions from posting to job boards, social media platforms, sending customized messages, managing your website and scheduling posts. The management of all of these functions under a single platform makes the process of social recruitment much more hassle-free and easy to manage.
In this candidate-driven labour market, incorporating social recruiting into your hiring strategy is crucial in attracting top talent—which is precisely what recruitment software helps achieve.
5. Talent rediscovery
Talent rediscovery solves the age-old problem of hiring teams spending a great amount of time spending time and money gathering hundreds of resumes from previous positions, only never going back to them again. Therefore, talent rediscovery is an excellent tool for recruiters who want to get the most out of their existing recruitment software and are open to rediscovering talent.
Talent rediscovery works by rediscovering previous candidates within your recruiting software database who met the qualifications for the previous roles they applied for. Intelligent algorithms can mine your recruiting software to rediscover those candidates again for you. This helps you source quality hires while reducing time spent on sourcing and candidate acquisition costs.
Talent rediscovery is a powerful feature that holds the potential to dramatically increase efficiency, reduce cost per hire, and help in sourcing the hidden gems already present in your system. So the next time you are searching for talent, think of optimizing the talent you already have in your existing pool of applicants.
When hiring teams effectively take advantage of their existing resources and tools, investing in these tools becomes worthwhile.
A recruitment software is a powerful tool for hiring staff and recruiters and by understanding the features of a recruitment software, recruiters can maximize the use of their software to reap maximum benefits.