Low levels of unemployment, coupled with industrial growth in the US, have made recruitment in the country a battle for talent hunt. As a direct consequence, organizations are coaxing their recruiters into spending more time, effort, and resources on hunting down the ‘best’ fit for the positions lying vacant. But obviously, the execution is not as easy as it sounds. On an average, a business in America ends up spending no less than $750 on an entry-level hire to $3800 for an executive-level entry. And this is simply the cost of hiring, which includes resources spent on advertising and interviewing alone. You can only imagine the loss if the hire turns out to be a ‘bad’ one – you end up losing on productivity, team morale, competition, and of course the money spent on hiring and training. An HR can, therefore, no longer rely on the old-school methods of recruitment that feed future plans with past experiences and the associated guesswork. It’s high time HRs cared about the competitive means of recruiting candidates and added recruitment tools to their arsenal.
Recruitment Tools: the need
Recruitment tools are analytical platforms meant specifically for HR professionals and recruiters to add informative insights to the process of recruitment. The Recruitment Analytics Software help HR professionals move from inward-facing stats, collected from previous recruitment cycles within the organization, to a bird’s view of the recruitment market.
An HR has to deal with both – business requirements and employee expectations, both of which have been greatly influenced by technology. While businesses are going global and are venturing into newer areas of application, employees are looking out for more niche and exciting opportunities to work on. As a result, geographical expansion of companies, movement of the workforce across regions, and growth in cross-industrial mergers are becoming a common practice.
For HRs to stay relevant in a technology-dominated business landscape, where they can help an organization prepare and manage such changes as discussed above, they need to embrace technology. Recruitment tools make such an embrace swift, smooth, and effective. They give HRs the power of modern technologies, such as big data, business intelligence, and predictive analytics, making recruitment more data-driven and structured.
Recruitment Tools: good vs. great
Like all other modern-day technologies, you may witness no benefit at all even after using a recruitment tool if it fails to analyze the regional trends for your industry, the level of competition in the US market, and the location of your talent pool across America. Nuanced features like these distinguish a good recruitment tool from a great one. A great recruitment tool understands every aspect of your business, in a global as well as local parlance, and offers to –
• Analyze how your competitors across America are recruiting, at what positions they’re recruiting, and what is their average job closing time per position
• Map the skill-specific concentration of talent across America. For instance, the number of software programmers in, let’s say, Florida
• Introspectively analyze how your recruitment process is performing as compared with your competitors and industry standards.
Talismatic is one such great recruitment tool that streamlines the way you hire and adds that spark of intelligence to your recruitment efforts. It’s been ideated, designed, and delivered with a competitive temper to help HR professionals across America create an excellent workforce. With a user-friendly interface, Talismatic supplies recruiters with actionable insights that can be used across the many stages of recruitment. It understands the American work ethos and does exactly what it’s built to do – supplement HR strategies with the power of technology!