According to Silkroad, employees referrals are still the top source of hire at 30% of all hires. With the market getting even tighter, leveraging referrals is more important than ever.
Your current employees are likely to know people who would be good fits for roles you need. When a referral program works well, recruiters are a lot less stressed.
Why don’t more companies use referral programs?
The main reason is that referral programs are time-consuming.
At a RecruitingDaily event in Atlanta, the consensus among recruiters was that while referrals are an effective channel for them, it can take up to 70% of their time in a given week to manage it. Continue reading
What should you be doing as a recruiter? Most would answer this by simply shifting the word: You should be recruiting, of course.
Makes logical sense. But recruiting involves lots of different things:
Working with hiring managers
Moving through the process
Working with HR on an offer
It’s a lot. There are theoretically 40 work hours in a work week, although many of us do work more.
Science has shown that about 55 hours/week is a hard ceiling on productivity. That’s 10+ hours/day Monday to Friday.
A percentage of that time will be taken up by calls and meetings. Continue reading
If you work in a tech-driven atmosphere, time to hire is still important, even increasingly so. A lot of tech organizational planning is based on road maps and sprints with sequential budgets (e.g., Project A must be finished before Project B can commence).
If this how you’re doing planning and budgeting, speed in hiring is crucial. You need to get the right people – and fast. This means thinking really strategically about remote workers, salary bands, how to source effectively, and everything else that would go into a quality hire discussion.
But there’s another school of thought, embraced by people such as Malcolm Gladwell, that recruiters have too much of a focus on speed, and should slow down and think more about what they actually need. Continue reading
It’s unavoidable these days: stories about how artificial intelligence and automation are poised to transform the economy dominate the news.
While AI and automation have been slowly penetrating the recruitment industry during the past decade, they’re set to break through in 2018.
The most important recruiting innovations this year are designed to simplify your job by turning your most repetitive tasks over to algorithms that can do them automatically.
While these innovations may appear daunting to technophobes, anyone who is willing to invest the time to learn can take advantage of the latest recruiting tech to turbocharge their business in the new year. Continue reading
Deloitte calls experimentation with tech solutions and services the biggest disruptor in talent acquisition. Why is talent acquisition software considered so disruptive these days?
Industry analysts argue this disruption has mostly been driven by innovations in AI and automation.
The more innovative ideas and solutions are centered around cognitive technologies such as artificial intelligence (AI).
To provide some clarity on the new talent acquisition software landscape including the latest in AI innovations, here’s an overview to help you choose the right software for you.
Talent acquisition software functions
Talent acquisition software are tools used by recruiters, talent acquisition professionals, and hiring managers to streamline or automate their workflow including sourcing, screening, interviewing, and onboarding. Continue reading
Ideal and SmartRecruiters Partner to Bring AI-Powered Recruitment Automation to Hiring and Drive Cost Per Hire Down 71%
TORONTO, ON (May 17, 2017) – Ideal, an artificial intelligence for recruiting company, announced today that it has partnered with SmartRecruiters, the Hiring Success Company, as an innovative analytics partner to transform recruiting and optimize customers’ entire talent acquisition process. Ideal’s AI-powered recruiting software is now available to all SmartRecruiters clients via the SmartRecruiters Marketplace.
SmartRecruiters’ Talent Acquisition Suite is used by high-performance organizations for making the best hires. It has full functionality for recruitment marketing and collaborative hiring built on a modern cloud platform, with an open marketplace for third-party recruitment services. Continue reading
A major feature of AI for recruiting is its ability to stop unconscious bias.
A recent lawsuit reminds us why we need to avoid bias during hiring: Palantir, a software startup, is paying $1.7 million to settle a racial discrimination lawsuit with the Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP).
Similar to EEOC guidelines, as a federal government contractor, Palantir cannot discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, disability or against military veterans.
The Department of Labor accused Palantir of disproportionately eliminating qualified Asian applicants for engineering positions. The lawsuit alleges Asian applicants were routinely eliminated in the resume screening and telephone interview phases despite being as qualified as white applicants. Continue reading
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
Ideal Improves the Candidate Experience and Optimizes Talent Acquisition Opportunities
TORONTO, ON–(April 3, 2017) – Ideal, an Artificial Intelligence (AI) for Recruiting company, is pleased to announce the successful implementation of their AI technology with the “cultural department store for booklovers,” Indigo Books & Music Inc. A first-mover in recruitment automation, Ideal enables employers such as Indigo to leverage artificial intelligence technology to automate commoditized recruiting tasks such as resume screening and shortlisting. By eliminating these more routine functions, talent acquisition professionals can focus on high-value responsibilities such as interviewing and building relationships with candidates.
Ideal’s recruitment automation technology has helped Indigo succeed with two compelling initiatives: improving the candidate experience and optimizing talent acquisition opportunities. Continue reading
The ability to automate candidate screening, a crucial step in the recruiting process, promises to solve one of the biggest problems in recruiting: the resume “ignore” problem.
LinkedIn reports 69% of talent acquisition leaders state their hiring volume has increased this year, but only 26% of their recruiting teams have increased.
Finding tools to intelligently automate some part of the recruiting workflow will be a top priority in 2017.
Automated candidate screening has the potential to solve the resume “ignore” problem that continues to plague recruiters.
The resume “ignore” problem
Over the years, large companies will amass thousands – even millions – of resumes sitting in their ATS. Continue reading