Recruiting software is a category of human resources management (HRM) that handles the process of posting jobs and attracting top talent for vacant positions within a company. From posting jobs to reviewing resumes and interviewing candidates, recruiting software streamlines the entire candidate search and hiring process, automating when possible to lessen workloads. By eliminating paperwork and offering powerful resume and candidate search functions, the software makes it easier for organizations to find and hire employees.
Recruiting software are equipped with the tools to attract, engage, hire, and retain the talent that drives success. Looking for a complete recruiting solution? Read this full article to learn more.
What Is Recruiting Software?
Recruiting software is software that helps organizations optimize the hiring process, from finding and attracting candidates to screening resumes and sending out offer letters. Recruiting software is often called an applicant tracking system or ATS, though these two are not exactly the same. Recruiting software is a broader category that encompasses applicant tracking systems as well as other tools that focus on individual phases of the hiring process.
What Is CRM Recruiting?
CRM (candidate relationship management) recruiting uses another type of recruiting software similar to an ATS. However, while an ATS manages applications for any given job, a CRM is a tool for nurturing relationships with potential job candidates. In other words, an ATS is more focused on active job applicants, while a CRM is used to build a pool of talent eligible for future job openings.
Functions of Recruiting Software
Most recruiting software can do some or all of the following:
- Sourcing: Sourcing helps recruiters find and attract candidates; it can be especially valuable for identifying passive candidates who may not otherwise see an organization’s job ads.
- Engagement: Candidate engagement functions help streamline communication between recruiters and candidates to keep candidates engaged and informed throughout the hiring process, which in turn can improve an organization’s hiring rate.
- Selection: Screening and selection capabilities can help speed up the process of choosing qualified candidates from among a pool of applicants. This kind of software may offer features such as artificial intelligence screening, assessments and evaluations, central collaboration for hiring managers, and more.
- Hiring: Finally, some organizations may use recruiting software that manages the actual step of hiring and bridges the gap between candidate experience and employee experience. Some of these platforms may even dip into elements of onboarding to make the transition as smooth as possible for new employees exiting the hiring funnel.
How Does Recruitment Software Work?
Typical recruitment software tracks applicants throughout the screening and interview process. For example, hiring managers and recruiters will be able to create a job posting, send it out to the appropriate platforms, and view all relevant job applications through the recruitment software portal. Updates can be made in the portal once the candidates have been interviewed. The recruitment software can also be used to send out job offers, handle paperwork related to onboarding the new employee, and create reports relating to the hiring process. This makes the entire process more efficient and organized, giving everyone involved more time to handle other tasks.
Benefits of Using Recruiting Software
As we said, organizations use recruiting software to optimize the hiring process. This optimization can improve the hiring experience for both recruiters and candidates alike.
For hiring organizations, recruiting software can make the hiring process faster and more efficient. Not only does this save managers and recruiters time, but it also makes it easier for an organization to hire top candidates who may be weighing multiple offers.
For candidates, recruiting software can simplify the application process and open up communication channels, both of which contribute to a positive candidate experience. And when candidates have a positive experience with an organization’s hiring process, regardless of the outcome, they are more likely to endorse the company to their friends and family or even apply again themselves.
Top Job Aggregators
Job boards and job aggregators are central to the recruiting ecosystem because direct applicants make up 48% of all hires.
- Indeed, with its database, is the biggest source of external hires by far. In 2020, it was credited with an incredible 75% of all job applications and 47% of all hires in the US
- LinkedIn, primarily known for its professional social networking platform, connecting professionals globally, also provides a Job Search Tool allowing users to find job opportunities. These opportunities are based on location, industry, and recommendations based on your employment profile on LinkedIn.
- Google For Jobs, designed to be a direct competitor to Indeed, may prove to be a game-changer. It recently added four new features: accessing salary information, applying location filters, bookmarking saved jobs, and selecting which job board applicants job seekers want to use to apply.
- ZipRecruiter, with over 25 million job seekers a month visiting the site, became a popular choice for employers as well as job seekers because it posts job listings to multiple job boards, as opposed to just one
Top Recruitment CRMs
With the rise of recruitment marketing, candidate relationship management (CRM) software has become central for attracting, engaging, and nurturing candidates.
- Yello, with features that include, schedule automation, video interviewing, employee referrals, and integrations with ATSs and HRISs, has a talent acquisition platform that provides a variety of recruiting solutions.
- Beamery, the London-based startup, ranked 10th fastest growing company in the UK in the 2020 Deloitte Technology Fast 50. It offers self-styled recruitment marketing software targeted at fast-growing companies.
- Avature, founded by Dimitri Boylan, co-founder and former CEO of HotJobs.com, Avature is a highly flexible enterprise SaaS platform for Global Talent Acquisition. Avature has over 650 customers of which 110 are Fortune 500 organizations.
Top Testing & Assessment Tools
The use of pre-hire assessments to test the knowledge, skills, abilities, and other qualifications are on the rise. Surveys show that more than 80% of Fortune 500 companies are using pre-hire assessments.
- Criteria Corp, a pre-assessment tool that seamlessly integrates with current ATS and HRIS processes provides a variety of assessments to measure candidates across a variety of dimensions, such as cognitive aptitude, personality, emotional intelligence, etc.
- Berke Assessment, founded in 2004, creates tests that help employers predict job behaviours such as teamwork, communication, customer service, and problem-solving.
- HackerRank, creates coding and technical assessments to help recruiters assess the skills of developers and software engineers. It also offers an online interviewing tool.
- Traitify, with more than 200 current customers provides an image-based, mobile-first personality assessment. Traitify’s assessments are quick and effective taking an average of only 90 seconds to complete with a completion rate of 90% or higher.
- SHL, providing science-based assessments, along with expert training and consulting for the last 40 years, was awarded the 2020 HR Tech Award for Best Innovative Tech Solution for their Virtual Assessment and Development Center