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Recruiting Technology Solving Talent Shortages

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Recruiting is a tedious process of individually posting jobs on multiple job boards, sifting through LinkedIn profiles, sifting through piles of resumes, and contacting candidates one-by-one to schedule interviews. It has long had a reputation for being. But it doesn’t have to be.

Recruiting technology helps companies find better talent faster and with less upfront investment. However, many recruiters are overwhelmed by the onslaught of hiring and unable to take steps to move forward.

How did you get here

Companies are on the verge of hiring, but they didn’t get there overnight. When economic uncertainty loomed at the start of the pandemic, many corporate recruiting teams were among the first to panic. These layoffs darkened the conversation with talent already in the hiring pipeline.

Nine months ago: Business is booming in many industries, turnover rates are reaching record highs as mass resignations take hold, and remaining recruiting resources are becoming redundant, manual jobs. I am overwhelmed with too many tasks. That unsustainable balance has continued ever since.

But what if the economic tide turns and the rumored recession hits? Even with a reduction, we will continue to face labor shortages.

Efficiency is the answer

In the post-pandemic world, business will not be the same, nor will hiring. The solution is to take advantage of the current inflection point to modernize outdated hiring processes and better manage the time and resources your organization has.

Investing in recruiting technology is about recruiting efficiency. Nothing can replace the human voice delivering congratulations and verbal job offers to selected candidates. But what recruiting technology can do is apply data intelligence to repetitive tasks like posting jobs and filtering candidates. This allows recruiters to focus their time and effort on connecting with quality candidates.

Robert Walters, the world’s largest staffing agency, says that, on average, recruiting technology helps consultants manage candidate applications 68% faster. This is a major windfall as hiring teams struggle to keep up with the breakneck pace of hiring in today’s business environment.

Find better candidates faster with sophisticated filtering

Speed ​​is key to attracting quality candidates in a tight labor market. Delays in the hiring process can mean missing talent who has other vacancies secured in the meantime.

Instead of manually filtering applicants and introducing human bias into the process, recruitment technology can use machine learning and data intelligence to automatically classify candidates based on customized criteria. This means that All-Star applications are at the top of the digital pile from the moment they are submitted, allowing recruiters to follow up on the lead before it cools off.

Do more with the data you already have

Data is the most valuable asset of modern business, and that adage applies to recruitment data as well. But 46% of recruiters say they don’t have enough data to make smarter hiring decisions.

With recruitment software solutions, recruiters cannot guess whether a broadly focused job board like Indeed will attract more qualified candidates than an association-based or industry-specific job board. Instead of relying on self-reported data from job seekers (did you see the post on LinkedIn or Monster.com?), our recruiting technology automatically captures that data and associates it with the applicant’s Quality Score.

Recruiting technology can also provide real-time insight into which job postings are attracting the best candidates. With this kind of actionable data, recruiters can make course adjustments in the middle of the hiring process, cutting time and resources away from job boards that aren’t yielding results before their searches fail.

Even better, you don’t need to add yet another dashboard to your organization’s suite of measurement tools to collect and analyze recruitment and hiring data. By integrating into existing business dashboards (such as Tableau), recruiters not only demonstrate value in terms of return on investment for their hiring budget, but also how recruiting activities ultimately translate into revenue for the business.

Redesigned Candidate Experience

Recruiting software isn’t just for HR professionals. It can also improve the candidate experience. By automating simple tasks such as follow-up communication, applicants will never wonder if their application has fallen into a digital black hole. Additionally, accelerating the hiring process means candidates can make informed decisions when accepting job offers.

Addressing today’s talent shortage requires multifaceted solutions, but technology adoption is key. By automating administrative tasks, focusing resources on job boards that attract high-quality candidates, and accelerating the hiring process, everyone succeeds.

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