Sometimes it may seem like there are endless applications for job openings. The thing is, talent pools are actually far more limited than they may seem. Finding the right person to fit a position can be surprisingly tricky.
A good business knows that it’s better to find the right person to fit a role. You get more productivity and a happier work environment. In order to find the right applicants, a business needs to put in some work. Considering the competition for similar positions elsewhere, you’re not just looking for the right person, but for the right enticements to get them to choose your business.
Talent Acquisition Software
Talent acquisition software may be included in applicant tracking systems or as a module in other human resources and recruitment systems. Talent acquisition focuses on specific challenges and issues for recruiters and enterprises, including how to increase applications from qualified applicants. Businesses and headhunters have a lot of options when it comes to software for talent acquisition. Currently, the market is valued at over $1.5 billion. What began with resume scanning tools evolving into programs and applications that aid in the entire process of hiring, from job posting to hiring. Talent acquisition is part of that process, and applications on the market bear a lot in common with marketing and customer relation management applications. Employers may be able to source potential candidates through social media or professional networking sites, as well as through other search tools.
Applicant Tracking Software
Applicant tracking software is a type of application designed to ease the recruitment process. Nearly all recruitment agencies, as well as major businesses and corporations, have in-house applicant tracking systems. This software handles common processes associated with recruitment and hiring, including job postings, candidate materials such as cover letters and CVs, as well as the interview and hiring process. Applicant tracking software can even be customized to target different business’ unique needs. In some cases, applicant tracking software is a module or functional feature of a larger human resources suite, such as a Human Resource Information System (HRIS). Small- and medium-sized businesses may use software as a service (SaaS) or open source applicant tracking systems.
Applicant Tracking Software for Small Business
Small businesses have unique needs when it comes to applicant tracking and recruitment software. Firstly, many are competing against already established enterprises, which means they need ambitious and hard-working employees. In addition, without an established name and brand, many small businesses need to actively reach out to potential employees. Finally, rapid growth presents a challenge to many small businesses. Applicant tracking software can help to both reduce costs and improve efficiency in addressing these specific issues. Open-source software is available free of charge, though features and access to support may be limited.
Recruiter Database Software
One of the principal functions of any applicant tracking system is to provide a single location to store data pertaining to both jobseekers and company or client recruitment processes. Recruiter database software is designed for human resources professionals, such as recruiters and headhunters. Some may be working independently as consultants, while others work in-house as human resources staff. Recruiters need to both post and advertise job openings, including a detailed description of the job. In some cases, they need to make an effort to attract and target qualified applicants. In others, they may need to store applicant materials, such as resumes and cover letters. Recruiter database software usually allows them to do both, including features such as assessments, background screening, candidate management, collaboration tools, internal HR, interview management, resume searches, recruitment firms, onboarding, job requisition and posting, reference checking, and self-service portals.