The tedious hiring and recruitment process demands extensive resources, a time of about 42 days, and an approximated cost of $4000 bucks, per employee.
It’s not wrong to say that hiring a new employee is a humongous challenge for companies.
It would, so, be very advantageous if the companies sought to implement specially designed recruitment process aiding tools, which might play an important role in facilitating and managing the arduous task.
This article briefly discusses the best recruitment process aiding tools, which are the top scorers in the trending tool-list of 2020.
Applicant Tracking System (ATS):
ATS is currently being used by 75% of the talent professionals, and 94% of them consider using ATS as a beneficiary measure for the recruitment process.
ATS saves a big deal of time that goes wasted in the non-ATS recruitment process in organizing paper applications and file-works.
The entire profile of the applicants and the cover letters are all fed to the ATS database, which facilitates easy access of candidate data by all the recruitment panel members at any time.
Although the tracking system is not much liked by the applicants, as the statistics reveal that 80% of all the candidates find the filling of online job applications as a stress-creating task, another 60% of them are not allowed by the technical difficulties, for applying online to a job and so, quite the process, whereas 75% of the employees are rejected on baseless grounds as, for example, incorrect resume layout.
Video Interviewing Software:
Video Interviewing is the latest emerging trend in the recruitment sector.
In a survey, where 506 companies participated, 47% of them admitted that the implementation of video interviewing in their own company is a beneficial step.
57% of the job applicants prefer video interviewing as it saves lots of travel-time.
The implementation of the video interviewing concept into the hiring process saves a lot of valuable time and cuts down huge expenses of refreshments and basic amenities that are offered to the candidates during offline interviewing. It also bridges the distance parameter and allows the successful conduction of video interviews from overseas destinations too.
Video Interview Software are the tools that can be customized for unique screenings, according to the needs of recruitments.
Candidate Relationship Management Software:
Establishing better interaction and timely communication with candidates, are the ultimate goals of the candidate relationship management (CRM) software.
The CRM software is implemented extensively in the recruitment process, nowadays.
CRM software is used in sending bulk messages to all the applicants or the shortlisted ones, conveying the details of their hired or rejected status, and the scheduling of further interviews (for the shortlisted candidates).
Employee Referral Software
The workforce of the company constitutes 29% of employee referrals.
88% of the recruiters admit that the employees that join the company through referrals are the best bunch of talent among all the employees.
This is the major reason why companies are turning towards employee referral modes of hiring.
Employee referral software is the best media for promoting the employee referral culture in the workforce. It is used in improving the referred mode of hiring and asking the existing workforce to suggest and bring more and more candidates for joining the company.