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What is recruiting software?
Recruitment software is a category of Human Resources Management (HRM) that processes job advertising and attracts talented people for vacancies within the enterprise. From job postings to resume reviews to candidate interviews, recruitment software streamlines and automates the entire candidate search and recruitment process, where possible, to reduce workload. The software makes it easier for businesses to find and hire employees by eliminating paperwork and providing powerful resumes and candidate search capabilities.
Choosing the best recruitment software can be a daunting task, as almost all HR software providers offer recruitment capabilities.
The recruiting software market
Unfortunately, hiring is a time-consuming process. Recruiters and recruitment managers are facing a resume overload. After sorting, scoring, and sending the application to the right people for review, you need to work with your manager to screen, interview, and qualify onboard candidates. And in the process, everyone involved needs to communicate with follow-up emails, internal messages, and offer letters.
It’s a lot. It’s complicated, and losing sight of a candidate can mean you lose the opportunity to hire the best people for the opening or reduce the company’s employment brand in the candidate market. Fortunately, the entire process has been digitised.
Companies have replaced old systems and paper-based resumes with the latest technologies that provide social media adoption, online assessments, automated workflows, and real-time analytics. Recruiters can now take a systematic approach to hire. This saves time, energy, and resources and provides candidates with a comfortable branding experience.
Essential Recruiting Tools
Recruiting tools can provide a platform for companies to improve the experience of candidates. When job seekers have a positive experience at your company, they also talk to their friends and family looking for a job. This not only increases the talent pool but can also increase brand loyalty from customers. 71% of candidates are more likely to work for a company with a positive experience in hiring. In addition, by streamlining the hiring process, you can submit offers faster and not miss the best candidates because they weren’t fast enough.
Approximately 40% of applicants declined the job because they first received it from another company. Hundreds of vendors are now entering this market with software that looks like they have the same features. As yesterday’s key features became today’s standards, differentiators such as ease of use, customization, analytics, and data management are becoming more and more critical. TechnologyAdvice helps reduce noise and find a list of providers that meet your needs. Click the banner below to receive recommendations.
How employment trends affect recruiting software needs
The unemployment rate changed regularly, and not all industries fluctuated similarly. Current unemployment rates affect how you use your recruitment software. Choosing a recruitment tool that benefits both high and low unemployment increases your chances of finding the right candidate, regardless of your employment environment.
Recruiting during high unemployment periods
You may get more applicants for each job you post if you have a high unemployment rate. It is essential to choose recruitment software with the Applicant Tracking System because selecting these candidates needs to be simplified. Or easily integrate with one.
In addition, social media offers an excellent opportunity to find quality candidates during periods of high unemployment. Even if your followers aren’t looking for a new job, they probably know someone. To get the most out of these recommendations, you need a recruiting tool that integrates with social media and allows you to post to multiple platforms simultaneously.
Responding to low unemployment
Companies that want to increase their workforce despite low unemployment need to be creative. High-growth companies are looking to replace traditional methods of hiring best-skilled candidates. They are doing this in addition to passive, reverse, and internal hiring efforts. According to Monster’s 2019 Trends Report we have some insight. More companies will employ during periods of low unemployment based on potential candidates rather than proven skills.
Companies are looking for candidates with a proven track record of demonstrating adaptability and the learning curve. This is due to the low unemployment rate and limited candidate areas in all industries. The volume recruitment platform capability is essential to a recruitment software. We advise you to carefully find a recruitment software which is best suited for your operations.
