Ideal blog

AI for Recruiting: News, Tips, and Trends

Everything You Need To Know About SaaS Recruiting Software

SaaS (“software as a service”) recruiting software refers to on-demand software, whereby the database and features are hosted in the cloud.

It’s essentially the prevalent model of recruitment software delivery right now.

The benefits of SaaS recruiting software
    Cost effectiveness: You save money because SaaS recruiting software doesn’t need IT infrastructure, maintenance, or staffing costs. All of that is handled by the provider and baked into your subscription cost, but said subscription cost is likely to be significantly less than the implementation and overhead costs of infrastructure and maintenance. “Hit the ground running:” You can import existing data fairly easily, and because you don’t need to install and implement the software yourself (the provider does it), you can be up and running in hours.
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Ideal and iCIMS Announce Partnership, Bringing Artificial Intelligence to Talent Acquisition and Enabling Recruiters to Automate Candidate Sourcing, Screening and Rediscovery

Ideal integrates with iCIMS Talent Acquisition Suite

TORONTO, October 31, 2017 – Ideal, an artificial intelligence (AI) for recruiting company, today announced a partnership with iCIMS, Inc., a leading provider of cloud-based talent acquisition solutions.

Ideal’s AI-powered Intelligent Virtual Assistant now offers a simple integration into the iCIMS Talent Platform, a suite of talent acquisition tools that enables organizations to source, screen, and employ the best talent for their ever-changing business needs. The partnership offers a seamless transfer of screened and shortlisted candidates from Ideal, into the iCIMS Talent Platform, where recruiters can manage the hiring process from start to finish, all within a single platform to power better data analytics. Continue reading

Ideal Raises $3M to Scale AI for Recruiting Platform, Targeting Inefficient High-Volume Hiring Process

Ideal, AI for recruiting software, raises $3M to accelerate the capabilities of their virtual recruiting assistant and streamline high-volume hiring

TORONTO, August 29, 2017 – Today Ideal, an AI for recruiting company, announced the completion of a $3M financing round that will be used to accelerate the capabilities of their AI and onboard new customers faster. The round was led by prominent investors including Mike Durland, Michael Hyatt and Richard Hyatt, alongside the MaRS Investment Accelerator Fund, a fund based at MaRS Discovery District in Toronto.

“We are thrilled to be able to work so closely with our investors and the MaRS Investment Accelerator Fund. Continue reading

5 Best Recruiting Software Add-ons For Your ATS

Industry predictions that single-vendor HRM systems were going to be the norm have failed to materialize.

As Lever’s Leela Srinivasan notes, “No one player is best-of-breed at everything” and this has created an ATS tech space that’s much more integrative.

Today, it’s much more common for recruiting teams to have an applicant tracking system as their base software and then choosing add-ons from a marketplace of complementary recruiting tools.

As the ATS is gradually becoming an end-to-end attraction and acquisition platform, there are multiple tech stacks needed in talent acquisition.

By Tim Sackett’s count, there are 22 different tech verticals including CRMs, interviewing tools, candidate communication tools, and sourcing tools. Continue reading

6 Genius Recruitment Strategies You Should Try This Month

The competition for talent is fiercer than ever, with 68% of recruiters reporting they have difficulty finding full-time employees. In today’s environment, it can be challenging to come up with recruitment strategies that make your jobs stand out from the rest.

Here are 6 genius recruitment strategies you can try to attract interested candidates.

Recruitment strategy #1: Duplicate your top performers using tech

One of the best recruitment strategies is duplicating your top performers. You already know what works well at your company, so why not duplicate it?

Of course, this is easier said then done and without the help of the right tool, it’s hard to do manually and scale. Continue reading

Talent Acquisition Software: An Overview Of The Latest Innovations

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). 

– Deloitte

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

6 Fixes That Immediately Improve Your Hiring Process [Infographic]

The “hiring is broken” reputation is a hard one for recruiters to shake and the hiring process is only predicted to become even harder this year. To help you maintain your recruiting sanity, I’ve compiled a list of 6 fixes to improve your hiring process summarized in an infographic below.

1. Attract more candidates by promoting your employer brand

A LinkedIn survey found the #1 obstacle for job seekers changing jobs is “not knowing what it’s really like to work at the company.” This uncertainty is a big reason why recruitment marketing has become so popular. As a central part of recruitment marketing, your employer brand is a reflection of your company’s culture, values, and mission. Continue reading

How AI Can Stop Unconscious Bias In Recruiting

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

The 29 Top Recruiting Software Tools Of 2018

In 2017, 66% of venture capital deals in HR tech went to talent acquisition solutions.

With hundreds of recruiting software companies out there, how do you determine which ones are worth investing in?

To highlight the best in the market, I’ve created this guide to the 29 top recruiting software tools of 2018.

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 resume database of 100 million strong, is the biggest source of external hires by far. In 2017, it was credited with an incredible 72% of interviews and 65% of hires in the US. Continue reading

5 Features You Need In A Recruitment Software System

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