Is this the best job market ever? And what does that mean for hiring?
This question has been circling around North America for a bit now. The Wall Street Journal just referred to this period as “the hottest job market in a half-century,” which was primarily a reference to the U.S. job market. The U.S. job market has added jobs for 100 consecutive months, and is broadly seen as “hot,” although there’s some nuance to that which we’ll discuss in a second.
The Canadian job market is also seen as surging, largely based on a massive uptick in private-sector hiring, although again, there’s some nuance to all the good news. Continue reading
Have you been curious about the best ways to hire for strong cultural fit in a high-volume setting?
It used to be that companies would hire based solely on skills and qualifications. “Culture” – if that word was ever used – was mostly a way to exclude candidates from the pool.
Of course, as you would know, this has changed drastically in recent years. More and more companies are using culture as a primary selection-criteria, even more so than skills or qualifications. One study even found that only 11% of failed hires are due to poor technical skills; the rest are due to poor cultural fit. Continue reading
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. Continue reading
HR Policy Recruiting Software Initiative Review Board Identifies Innovators in the Field of Human Resources Automation and Software Solutions
Washington, D.C. – The HR Policy Association, the leading organization representing over 380 Chief Human Resources Officers at the largest corporations in the United States, is pleased to announce that its Recruiting Software Initiative (RSI) has awarded Ideal with a Badge of Excellence for Justification. Talent acquisition leaders from nearly 20 HR Policy member companies assembled at the beginning of 2018 to create the RSI Review Board to identify innovators whose products and services deserve consideration by Chief Human Resource Officers of large corporations. Continue reading
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, 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
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
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
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
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