Statistics show that approximately 54% of small and medium-sized companies are still stuck with manual spreadsheet-based hiring. Recruitment process, incurs time and effort loss for your company. Statistically, it is seen that with Candidate Management Software, the recruitment and hiring process is reduced by nearly 20%, therefore, providing your HR department to have a seamless hiring experience.
In addition to this, approximately 98% of the Fortune-500 companies utilize the software for managing applicants and onboarding them as well. Moreover, companies globally have claimed that using Candidate Management Software helped them in connecting to their most relevant talents.
Approximately, 63% of the job seekers reject job offers owing to a company’s bad candidate management, and nearly 60% of job seekers globally quit in the middle of job applications due to complexity and length. Moreover, statistically, it is seen that nearly 52% of candidates globally don’t receive communication from the company’s end, even after months of application for the position. To mitigate such issues and ensure 2-way communication and transparency in the hiring process, candidate managing tools can be integrated into your company.
Benefits of Candidate Management Software to Your Company
Automation of the Hiring Process
With an AI-enabled candidate managing tool integrated into your company, it facilitates easy automation of the hiring process. It reduces your recruitment team’s time in individually going through a large number of resumes, emailing applicants and conducting interviews.
Due to this lengthy process, good candidates may get screened out, and recruiters may lose focus on the best candidates. But, with this tool, automation of the hiring process is encouraged, which allows recruiters to focus on the best-suited candidates.
Automatic Resume Parsing of Candidates
The use of AI technology automatically involves resume parsing that helps analyze applicants’ resumes. It facilitates identifying the best-suited candidates fitting your company’s requirements.
With it, you can filter your candidate search on the basis of skills, work experience, qualifications, and department. It minimizes wastage of time and sorts out a large number of applicants efficiently.
Building Dynamic Candidates’ Database
The traditional method of candidate database management is quite a tedious and time-consuming process. Issues related to traditional methods are security, data duplicity, data redundancy, and even biased hiring. To prevent and mitigate such issues, this tool is used that allows your company’s recruiters to import huge quantities of data automatically on a real-time basis.
By using this tool, collaborative the HR leaders can work; by getting connected to pertinent prospects, sending out emails, and conducting the process of recruitment seamlessly.
Collaborative Hiring Process
With 2-way communication in a transparent way, organizations are likely to retain their best employees. When it comes to company hiring, this managing tool facilitates a collaborative hiring process. The hiring process which contributes from searching for candidates to hiring them as per your company requirements.
Irrespective of the company’s size and structure, this candidate managing tool fits perfectly with your business requirements and at the best price.
Customized and Personalized Hiring Process
Each of the company’s recruitment processes is different based on industry kind and position. So, any static software will disrupt the hiring process, owing to poor hiring and interaction. It is customizable in nature; it won’t disrupt your company’s hiring process. It will empower each of the stages of hiring for successful candidate management.
Summary
Amongst several Candidate Management Software present in the market like Mind workplace, it facilitates managing applicants from a pool of talents to employees in a seamless and engaging way. It allows engaging your recruiters with candidates in a simple yet transparent way to ensure. Your company gets the best of the talents matching perfectly with your job requirements.
This AI-enabled managing tool automates the hiring process with an easy screening of employees and facilitates an effective hiring process.
