With hiring volume up this year, recruiters are investigating new AI recruiting innovations to efficiently and creatively manage their increased workflow.
The eagerness for bigger and better tools has led to this rise in AI in recruiting: the application of artificial intelligence such as machine learning, natural language processing, and sentiment analysis to the recruitment function.
The interest towards adopting AI in recruiting is similar to why it’s becoming popular everywhere else – to automate or streamline parts of the workflow, especially time-consuming, repetitive tasks that were previously difficult or impossible to do.
Recruiting software that uses AI technology is presenting new opportunities for doing things differently. Continue reading
With hundreds of recruiting tech companies out there, how do you determine which ones are the top recruiting software tools worth investing in?
According to Bersin, the HR tech market is estimated to be worth $14 billion. A big chunk of this market is made up of recruiting software. The applicant tracking system (ATS) market is estimated to be worth $3 billion on its own.
To narrow down the list, I’ve created this guide to the 28 top recruiting software tools of 2017 summarized in the infographic below.
Job Boards & Job Aggregators
Job boards and job aggregators are a crucial part of the recruiting software ecosystem because applicants make up the biggest source of hires at 50%. Continue reading
Recruiters aren’t just people experts these days, they’re software and tech experts too. This is because success depends a lot on having the right recruitment software system in place.
But with thousands of recruiting software tools out there, it can be hard to narrow down what you really need to make your job easier.
To help figure it out, here are 5 features that you need for a great recruitment software system.
1. Automating time-consuming tasks
An Aberdeen Group report found 59% of recruiters said that they don’t have the manpower or time to review all of the applications they receive for a job posting. Continue reading
Often used to measure recruiting efficiency, time to hire is the number of days between first contact with a candidate to the day the candidate accepts the offer.
Workable’s data finds the average time to hire in the US is 24 days (compared to 41 days for time to fill), ranging from 17 days for healthcare roles to 32 days for product management roles.
Although some experts argue reducing time to hire isn’t always beneficial, a recent survey found 52% of recruiters believe a lengthy hiring process is the biggest obstacle to adding headcount.
In today’s competitive talent market, hiring success will depend on intelligently automating and streamlining the recruiting process. Continue reading
LinkedIn’s latest recruiting survey reports 77% of talent acquisition leaders are interested in better recruitment software tools this year.
With hiring up 11% this January and 56% of recruiters who already find the hiring process takes too long, time-constrained recruiting teams need help coping with increased demands.
With the need for speed in mind, here are the 8 best recruitment software tools that speed up your day presented in an infographic.
Stage 1: Resume review
iCIMS reports a resume spends 15% of its time in the applied phase. For every 100 applicants a job posting receives, about 75% get screened out at the resume review stage. Continue reading
A recent LinkedIn survey reports 56% of these talent acquisition leaders predict their hiring volume will increase in 2017. That means recruiting departments need to re-assess their recruiting tools and consider which best recruiting software innovations will help them succeed.
These talent acquisition leaders spend 17% of their recruiting budget on a variety of recruiting software tools.
To help you assess how to spend your recruiting budget, here are the 4 best recruiting software innovations designed to make recruiting more efficient, cost-effective, and competitive.
1. Intelligent resume screening software
Intelligent resume screening is the next generation of resume screening. Continue reading
It’s time to assess our recruiting wins and losses and to look towards the recruiting trends of the new year.
There are three major themes I believe will shape the recruiting trends of 2017.
The improving economy: Recent economic gains have translated to increased job openings going hand in hand with decreased unemployment. These gains have created a candidate-driven market that will make competing for talent even tougher this year.
Innovations in recruitment technology: Hiring volume is predicted to increase in 2017, which means time-constrained recruiters need better tech tools to enable their success. This year, look for advances in recruitment tech that will automate or streamline parts of the recruiting workflow that were previously difficult or impossible to do. Continue reading
Automation in recruitment tech is getting a lot of attention from recruiting experts these days.
Case in point, I recently listened to two podcasts on AI for recruiting and the future of recruitment tech, one on ERE called For Recruiting, Is There Life After Automation? and the other on RecruitingDaily called Don’t Jump: AI Can’t Kill Recruiting.
Both podcasts have some interesting – and similar – takeaways about the future of recruitment tech that I summarize below.
Podcast #1: For Recruiting, Is There Life After Automation?
ERE’s Editor-in-Chief Todd Raphael
Jason Roberts, SVP of Strategy and Standardization at Randstad Sourceright
30 minutes 20 seconds
Todd and Jason discuss machine learning, artificial intelligence, and automation and what they mean for recruiters, recruiting, and the whole hiring process. Continue reading
Every organization’s recruitment process tends to have its own unique spin for attracting, selecting, and hiring candidates.
With hiring volume predicted to increase, but recruiting teams staying the same size or shrinking, investing in recruiting technology that streamlines the recruitment process will be a top priority in 2017.
Here are 4 ways technology can improve every step of the recruitment process.
Step 1: Creating an open req
This first step in a typical recruitment process involves identifying a vacancy in terms of responsibilities, type (e.g., full-time or part-time), and compensation.
This step also includes creating a job description based on the knowledge, experience, and skills required for the job. Continue reading
AI recruitment is the hottest topic in recruiting these days.
AI for recruiting is the application of artificially intelligent abilities such as learning or problem-solving designed to automate some part of the recruiting workflow.
One major reason why AI recruitment is exploding in popularity are the competing pressures of hiring volume increasing at the same time as recruiting teams staying the same size or decreasing.
This means talent acquisition leaders are looking for ways to streamline or automate their recruiting teams’ workflow.
To give you an idea of what an automated workflow looks like for recruiting, specifically for high-volume recruitment, we created the infographic below. Continue reading