Recruiting software is a class of human resource management (HRM) system that handles the process and automates the entire recruitment cycle, right from posting jobs online to onboarding new enrolls. The software posts jobs online and attract top talent for vacant job positions in an organization. Recruitment software tracks, manages, and communicates with a large number of candidates within a company. It helps activate workflows, eliminate time-consuming manual paperwork, and offer powerful resume and candidate search options to find and hire the best employees for organizations.
The software helps recruiters integrate with the latest technology features and social media channels like Facebook and LinkedIn to attract a large number of talent. The businesses manage ads and search for applicants to build lasting relationships with them. The global recruiting software market is expected to grow from USD 1.7 billion in 2017 to USD 3 billion by 2025, at a CAGR of 7.4% during the forecast period.
The Best Recruiting Software should be able to offer the following benefits –
Recruiting software is any company’s talent acquisition strategy. It provides a centralized database for all employees and customer data for recruitment efforts. It is a module of an ERP system, HR suite, financial management system, or human capital management (HCM) system, instead of standalone software. The benefits of deploying the best recruiting tools are –
Complete Applicant Tracking Systems (ATS)
The recruiting software offers a complete applicant tracking system to the recruiter. The system tracks every applicant’s personal information, interviews, background checks, and candidate communication. It helps an organization screen, unqualified applicants early in the process, increase efficiency, reduce administrative burden across all functions, and provide a clear picture of the entire process. The system improves the recruiter’s productivity and saves time on performing tedious tasks. ATS solutions enable recruiters to reduce the time spent on screening potential applicants, sorting them, and organization of applicant resumes.
Saves time on tedious manual tasks
The best recruiting software enables recruiters to minimize the time required to hire by speeding up the recruitment process. Arranging interviews, answering their queries, and fixing appointments is all a time-consuming task. The software automates and enhance these monotonous recruitment function and saves a good amount of time, which they can use for more productive tasks. The applicant tracking system automates and restructures the recruiting process and streamlines the recruitment of new talents.
Artificial Intelligence and automation
Currently, most recruitment software adds artificial intelligence and automation features to help HR professionals handle repetitive tasks. It uses automation tools to analyze resumes for job-related keywords and quickly removes unqualified candidates based on shared skills and experience levels. The system scans the candidate’s databases, including previously disqualified candidates. This helps recruiters during reverse recruiting efforts where they contact previous applicants to check them with new job openings.
Improves candidate experience
Recruiting software takes out a manual recruitment process, which makes a lot of space for errors and disorganizations in the business. Best recruiting software helps in eliminating disorganizations from the entire recruitment process. It helps recruiters ensure that the candidate interviews are planned properly and each candidate has been evaluated on common grounds. This also helps in enhancing the applicant experience.
Enhances recruiter’s efficiency
Recruiters deal with a large number of applicants and maintain track of each applicant’s progress and phase. The system manages the recruiting process, including the job posting, career page hosting, and interview scheduling. Businesses can automatically enhance the productivity of recruiters by automating these time-intense recruitment tasks. Presently, most of the recruitment software is based on the cloud. The cloud-based operation help recruiters operate the process from any location, at any time.
Growing candidate diversity
The best recruiting software provides an effortless search functionality, which helps recruiters in finding out exactly the kind of applicants they look for. It eliminates an unfair way from the recruitment process and allows businesses to attract a more assorted candidate pool. An AI-driven software helps recruiters evaluate candidates based on their activities and responses. The performance of the recruitment software can be understood by getting precise data like the source of candidates, the hiring rate, and the charges per hire.