You may think that the name of the game for recruiters today is connecting talent with companies quickly. Perhaps that is the intended outcome. In reality, the goal is for recruitment teams to complete their tasks with the highest level of efficiency. Getting the greatest ROI from recruitment activities is essential for any hiring effort to be considered successful. In today’s hiring market, that means sourcing qualified candidates and filling job openings quickly with lasting hires to help organizations meet their strategic goals.
However, if recruitment teams are using traditional methods, then achieving the right results at the pace organizations need can be a tremendous challenge. This productivity drain over time can have an impact on how teams function and overall hiring outcomes, which can have a ripple effect throughout the organization. Ineffective hiring activities can be costly to an organization if turnover is high - from both a financial and productivity perspective.
High turnover puts significant stress on existing employees and creates an unsustainable dynamic over time. Additionally, resignations from senior or technical staff can be more costly to the organization. The costs of hiring, filling a position, onboarding, as well as learning and development can quickly mushroom if there are multiple departures in a year.
It is easy to see how making a lasting and high-performing hire can have far-reaching implications for the organization. The right talent fit for an organization will enthusiastically deliver innovative ideas and a noticeable competitive advantage for organizations from the moment they are hired. They may require less help from coworkers to get up to speed, which allows existing employees to remain focused on meeting their KPIs. New, rockstar employees may also grow to become leaders in the organization. In fact, researchers from the University of Oxford, Erasmus University of Rotterdam, and the Massachusetts Institute of Technology (MIT) found that happy employees are 13% more productive.
A vital way to improve employee productivity and satisfaction in their jobs is through technology adoption. Employees become more productive with technology that allows them to complete job tasks faster, collaborate with colleagues seamlessly, and access real-time information. Productivity in the workplace is vital because it provides employees with a sense of pride and accomplishment.
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Businesses can also see how much time, effort, and resources are going into their goods or services. As BetterUp puts it, “A company can't be productive without employees being able to effectively and efficiently do the type of work that drives revenue for the company. Fostering this employee productivity is an essential part of excelling at work and driving business success.”
Recruitment technology optimizes processes for HR departments and recruitment agencies in the same way. These tools improve how recruiters work from end to end by allowing teams to save candidate profiles in a centralized database, find qualified candidates quickly, and track applicants through the interview process to employee onboarding. Resume management software plays an especially critical role in the process. It helps recruitment teams organize resumes that come in from a variety of channels and automates the identification of qualified candidates based on customizable attributes and skills. These tools ensure that recruitment teams can access and review candidate profiles in minutes.
The most powerful applicant tracking systems (ATS) include resume management to enhance the overall hiring process. Recruitment management software can help teams boost productivity and improve outcomes in five significant ways.
Recruiters can create a standard format for resumes
Although this may seem like an insignificant feature, putting resumes into a standard format can significantly reduce the time that recruiters spend reviewing each resume. In a standard format, recruiters can find specific information that is important to a job listing - such as skills or certifications - faster.
Recruitment agencies can also brand their applicants’ resumes with a custom watermark or logo when presenting to clients. This can differentiate their applicants from others that a company may receive.
Simpler resume management
Resume management solutions also automate the entire process of receiving, storing, and updating resumes. With applicant volumes increasing, this is an important feature as it reduces errors and prevents resumes from getting lost as recruiter databases grow. Once a resume is uploaded to the system, the profile remains there and can be quickly accessed whenever your team needs it. Recruitment agencies can also scale their business seamlessly and compete more effectively with resume management software.
Advanced database searches cuts resume sorting time
In the current environment, time is of the essence if you want to hire the most qualified talent. Any number of issues can cause applicants to drop out of the hiring process. If an applicant’s experience with a company leaves a bad taste in their mouth, they may not apply to future job openings. One way to minimize attrition is to shorten the hiring process, which for some industries can be up to an average of 49 days. Simple steps like cutting down on the time spent on manual processes like sourcing candidates can be game-changing for recruitment teams.
The latest resume management solutions utilize automation to dramatically reduce the time and effort of sorting through resumes. The intelligent software will parse through resumes to find the candidates with relevant experience and skills to simplify recruitment operations. That frees up recruitment teams to have more meaningful engagement with candidates and pay attention to ensuring that they have positive experiences throughout the interview process.
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Consolidate resumes from multiple channels in one place
Recruiters are no longer receiving applications from their organization’s career portal alone. Online job boards like LinkedIn, SimplyHired, FlexJobs, Ladders and countless others feature listings from various organizations making it much easier for job seekers to apply for many jobs at once. For recruiters, it has made candidate sourcing more complex as job listings receive a larger number of resumes that all need to be reviewed.
Although applicants want to hear from employers - even if it is to say, “thanks for applying, but we’ve gone in another direction” - that is often a tall order for recruitment teams. Resume management software helps recruiters organize the resumes they receive from multiple locations and quickly parse through to identify the applicants who can move forward to the next part of the interview process.
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Candidate information can be stored indefinitely
As recruiters grow their databases, candidate profiles can be easily lost in traditional systems. Modern resume management software automatically stores candidate profiles from the moment it is uploaded until it is manually removed. Information is also updated automatically as candidates refresh their LinkedIn profiles or online resumes. Manatal software also uses this information to create detailed scorecards that recruiters can use to match candidates to any job opening.
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With resume management software, recruiters can start the hiring process strong with the most qualified candidates for a job. The best ATS solutions on the market include resume management software to make candidate sourcing and management more efficient. The productivity value of resume management software in a recruitment solution can’t be underestimated. Productive teams are more content in their roles, feel proud of their accomplishments, and contribute more to the organization.
Start your 14-day Free Trial to explore Manatal’s capabilities to help streamline your recruitment process and efficiently manage a list of qualified candidates while boosting your productivity.
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