Transforming Recruitment with a Touch of Magic

Magic?! Now, what do I mean when I use the word “Magic”? That will be clear by the end of this article and trust me you will want to stick around.

A study by the Society for Human Resource Management (SHRM) found that the average cost-per-hire is $4,129 and the average time-to-fill is 36 days. NOW THAT IS RIDICULOUS! If only there was something that could help companies cut this time in half…. Well, luckily the magic you’ve been missing in your recruitment process is an effective Applicant Tracking system! Let’s take a look, shall we?

In this time and age, the leading cause of high costs in recruitment is due to Inadequate use of technology. Many companies can reduce their recruitment time through recruitment software that helps streamline and automate their processes. Here are the points that not only increase the time and cost but also can be a major source of headache for everyone involved!

Manual Data Entry

Recruiting teams often source their candidates through LinkedIn/job boards or receive resumes in their inboxes. Then to keep track, they maintain messy, long, and confusing excel sheets or worse yet maintain a list manually in their notebook. Not only is it time-consuming but also prone to errors. Not to mention, it also makes your data very hard to organize and categorise. This makes it harder to sort, analyze, and, search data. With effective software, you can source your candidates directly into your database.

Other recruiting teams often use google forms, which looks efficient from the outside, but in reality, it causes massive headaches for the candidates who apply. They have to manually insert their data for every job they apply to. Recruiting software uses resume parsers! Candidates just have to drop their CVs and the software will automatically fill in the relevant details.

Resume Screening

When you don’t have a screening mechanism, you’ll need to go through each and every resume yourself! Let's face it, no one wants to do that. Looking through 500 resumes to shortlist 2, or 3 candidates is a bummer and it leads to missing out on promising candidates! Recruiting teams can use an ATS to scan all resumes for

keywords, qualifications, and other criteria, which can help them efficiently identify the most qualified candidates for the job through Boolean search.

Manual scheduling

Scheduling meetings and interviews is a pain; especially when all members involved aren't in the same time zone. With the right recruiting software, you can schedule events with ease since it automatically updates the time zone.

Hindrance in Information Sharing

Recruiting teams need to share information at every step of the recruiting process. They need a central repository to keep all of their email templates, scorecards, applicant notes, resumes, and even more. An ATS can help teams manage all this data to maintain a shared view and a single source of truth

Limited reporting and analytics

If you can’t measure it, you can’t improve it - Lord Kalvin

In order to build and improve your processes, it is essential that you track and measure your progress. If your measurements aren’t accurate, you won’t be able to diagnose which areas need to be improved and you won’t be able to set meaningful goals. Modern-day ATS can give you a wide variety of data points from cost-per-hire to your offer acceptance rate. Such data points can help hiring teams make better data-driven decisions to improve their processes.

One such tool to help you achieve all these goals is Hirecinch. Hirecinch won’t just get your job done but it will also provide your candidates with a hassle-free experience. Filters, emails, data sorting, referrals, data repository... you name it and this software has it! Improve your hiring process and make better data-driven decisions today by signing up for a free trial at Hirecinch.