How To Choose Talent Acquisition and HR Software
Ethical AI-powered HR and talent acquisition software may be your solution that can help your organization transform its recruitment practices. The high-stakes employment landscape of today demands effective tools for drawing in and retaining top-notch candidates. Whether your organization is an enterprise-sized company or a small business, ThisWay has features that can help your organization transform its talent acquisition process.
Identifying Your Organization's Needs
Choosing the right HR software is all about identifying your organization’s unique needs. For most talent acquisition specialists and HR professionals, time is of the essence, so the ability to screen candidates swiftly is crucial. Likewise, mitigating bias from job descriptions is vital to promoting a diverse and inclusive workforce. The ideal software should offer an efficient way to filter through resumes to find candidates with the right skills for the job.
The ability to screen and score applicants based on relevant data and job requirements is an invaluable tool for narrowing down your pool of candidates. Having a feature that allows you to share job postings with qualified candidates directly, bypassing the need for job boards, can save time and resources. ThisWay has these essential functions that could align with your talent acquisition and HR goals.
Attracting Qualified Candidates Quickly
The ideal talent management platform will help your organization fill a position quickly by speeding up the candidate screening process. The cost of vacancy is a significant factor to consider. Every day a position remains unfilled, your organization is shouldering a cost. According to studies, some industries, like construction, fill positions within 12 days on average, while others may have a significantly slower hiring process. The longer a position remains open, the higher the cost to your organization. In fact, according to Gartner, the average cost of vacancy per day, per role is $500.
This amount amplifies the need for efficient talent acquisition software that can not only attract but also screen and engage candidates swiftly. Leveraging smart software tools can optimize your recruitment process, thus reducing the cost of vacancy and ensuring that your organization is staffed with qualified talent without delay. ThisWay’s AI-driven talent management system is designed to meet this need, enabling your organization to attract and engage qualified candidates swiftly and efficiently.
Researching Candidates Quickly
Time is an indispensable resource in talent acquisition. A study by Glassdoor reveals that it takes about 52 days on average to fill a position and each corporate job posting attracts 250 resumes. Screening these resumes is time-consuming, taking up to 23 hours for just one hire according to a report by Undercover Recruiter. Writing a well-crafted job description also takes considerable time, with HR professionals spending an average of 1.5 to 2 hours per description as per Workable’s data.
This makes the need for efficient HR software that streamlines candidate research and job description creation imperative. Talent acquisition software should be able to analyze resumes quickly, identify the most suitable candidates, and even suggest job description language based on candidate qualifications. A feature in ThisWay called “Discover” lets a recruiter browse candidates based upon their skills. This feature can help a recruiter sort through candidates quickly and brainstorm the needed skills for a job posting.
Talent Acquisition and HR Software Needs To Be Scalable for a Business
Scalability is an essential factor to consider when choosing talent acquisition and HR software. Not all businesses are using applicant tracking systems. SelectSoftware Reviews show that while almost 99% of Fortune 500 companies are regularly using ATS platforms, only 70% of large companies and a mere 20% of small to mid-sized businesses are leveraging this technology.
ThisWay will work for any business, with or without an applicant tracking system. The “Score” feature allows a small business owner to upload candidate data and the job description, identifying the candidates with the skills most qualified for the role. ThisWay also integrates with most applicant tracking systems to identify past talent. Any business can utilize the “Attract” and “Discover” features to share job descriptions or to actively browse candidates.
The Ideal Talent Acquisition Platform Will Help an Organization With Diversity
Having a diverse and inclusive workforce is an asset. A talent acquisition platform that aids in achieving diversity objectives is a must. It should be able to identify potential biases in job descriptions and help craft more inclusive language. Boston Consulting Group reports that companies with diverse management teams have 19% higher revenues due to innovation. The software should also support blind recruitment processes, to help mitigate unconscious bias. McKinsey’s research shows that companies in the top quartile for ethnic and cultural diversity are 35% more likely to outperform their industry peers financially.
ThisWay helps alleviate bias from both the job description and in the candidate screening process. When utilizing job descriptions in features of ThisWay, the platform will remove bias. Also, candidate background data is redacted, allowing you to focus on the requisite skills required for the job posting you are trying to fill.
Book a Demo With ThisWay for Your Organization
ThisWay is a powerful ethical AI-powered platform that is engineered to address your organization’s unique needs. From efficient candidate screening to bias reduction, swift job posting, and even aiding in diversity and inclusion goals, ThisWay is the solution that can help you attract, discover, score and engage top talent. Our software is designed to seamlessly fit into your existing processes, whether you’re a small business or an enterprise. Don’t just take our word for it; experience the efficiency of ThisWay for yourself. Book a demo today and let us show you how our revolutionary platform can enhance your talent acquisition efforts and boost your organization’s performance.