49% of job seekers choose to turn down job offers attributing to bad recruitment experiences (say ‘Hi’ to increased recruitment tasks or a competitive job market). Today, it’s becoming clearer that a marriage of technology and human intelligence is the future of recruitment.
By leveraging different types of recruiting tools, you can automate and optimize your hiring process, allowing technology to handle the bulk of the work. These tools not only enhance efficiency but also ensure a joyful candidate experience and maintain top-notch standards in your recruitment efforts. Maybe this is exactly why 81% of companies in 2024 are planning to invest in AI recruitment solutions. Rebecca Carr, Chief Product Officer at SmartRecruiters says -
“We’re at the perfect epicenter of innovation and experimentation. Companies will screen fewer people and get to hiring decisions faster. They’ll have better insight into their hiring activities so that they can be more proactive about streamlining their processes.”
That being said, from candidate sourcing to screening, interviewing, and more, there is a ton of recruiting software out there.
So, which recruitment tools are the best for you of all?
Read this blog, and find out.
Benefits of Using Recruitment Tools
As the recruitment process grows to become more complex with aspects like candidate experience and DE&I playing an internal role in the mix, manually executing recruitment tasks is not only practically infeasible but frankly a setback for a growing agency. Therefore, at some point in time, one has to rely on these tools, and for good reason.
Here are few prominent benefits of using different types of recruitment tools-
Reduced Cost-per-hire
Cost-per-hire is a topic much discussed in the recruitment domain. Moreover, many talent acquisition (TA) professionals who are tasked to deliver better quality hires using minimum resources often have this key metric as their primary KPI. With time shrinking and the cost of the workforce increasing, recruitment tools can offer assistance at multiple levels in the process, making them a preferred choice for reducing cost-per-hire.
Increased Recruiter Efficiency
Recruiters are constantly on the clock to deliver the most relevant candidates for a given job role. The longer a position, especially upper management, is left stranded, the more money the client and the hiring agency lose. Add to that, 60% of candidates abandon a job application right in the middle, and only 8% who click “Apply” complete the job application. Plus, the volume of candidate applicants a recruiter needs to deal with for every job requisite is immense. So, whether it’s a faster way to screen candidates or a more centralized method to maximize the reach of new job ads via job boards, talent intelligence tools increase the overall efficiency and productivity of a recruiter at any given time.
Enhance Candidate Experience
64% of job seekers prefer to conduct their research after reading a job post and before applying for a job position. Moreover, 75% of candidates respond positively to a simple and informative JD as opposed to a complex one. The crux of the matter is that candidate experience is an important factor to consider while developing recruitment strategies. From building positive employer brands to enhanced candidate communications and devising tailored job descriptions, recruitment tools aid in building positive candidate experiences.
Varied Types of Recruitment Tools
The recruitment domain is being flooded with use-case specific SaaS, no code and low code workflow automation tools ot streamline your hiring process. On a high level, the types of recruitment tools can be segmented based on the different stages of the recruitment process or the end use case. Here’s your list of the recruitment tools that you may consider adding to your staffing & recruitment stack in 2024-
1. Candidate Sourcing
Sourcing tools are highly effective at identifying the right talents for a given job role. In fact, Mercer’s study concludes that 38% of recruiters they interviewed used Artificial Intelligence in recruitment for sourcing and engaging talent for pipeline purposes. From identifying passive candidates to diving deep into your own pool of candidates to quickly discover the top talents for a job role, candidate sourcing tools can help you shrink the time you spend waiting for applicants. So, which is the best tool you can choose for candidate sourcing?
- Skima AI
- LinkedIn Recruiter
- SeekOut
- HireEz
2. Candidate Screening
After sourcing, candidate screening is the next best use of an intelligent recruitment tool. It’s no news that the recruitment process continues for weeks at a stretch, and manually screening each resume is probably one of the primary causes of it. Moreover, at least 81% of recruiters and hiring managers use AI screening tools actively to identify top candidates. This further solidifies the point that automation of candidate screening is imminent. The best tools you can use for AI candidate screening are:
- Skima AI
- HeroHunt
- RecruitRyt
- SmartRecruiters
3. Recruitment Marketing
How do you attract the most number of people to your product? Marketing. Replace people with applicants and products with job openings and you will still have the same answer. Recruitment marketing software assists hiring professionals not only push their company culture out there but also in creating targeted ad campaigns on social media platforms, analyzing performances, and more. By targeting a broader talent pool, including active and passive candidates, it enhances hiring quality and efficiency. The best tool to use for recruitment marketing currently is:
- Mitratech Trakstar
- LinkedIn Marketing Solutions
- TalentLyft
- Glassdoor
4. Candidate Relationship Marketing (CRM)
As we have already learned the significance of candidate experience in the recruitment process, it shouldn’t come as a surprise that Candidate Relationship Marketing (CRM) tools can be of great help, especially to small recruitment teams with limited resources. In fact, 43% of job-seekers have a higher expectation from their employees on how they treat them as candidates. CRM tools can do everything from job listing on social media to ad monitoring, and applicant tracking and helping you build a more refined pool of candidates. Moreover, the primary advantage of a CRM is to build a better talent pool for you and provide your candidates with better hiring experiences. The right CRM software to choose is:
- SmashFly
- RecruitCRM
- Manatal
- ZohoCRM
5. Candidate Assessment
Candidate assessment tools assist recruits with multiple options to evaluate candidates on their ability to perform tasks pertaining to their job role. From gamification to engaging puzzles and interactive quizzes, the tools offer a variety of ways to test candidates' proficiency with required skills for a given job. One of the key benefits of such tools is that a recruiter is able to judge a candidate comprehensively before even entering the interview stage.
- TestGorilla
- AssessFirst
- ZappyHire
- Harver
6. Candidate Interviewing
An interviewing software helps streamline the multiple interviewing rounds with varied applicants. From interview scheduling to timely reminders and conducting un-interrupted interviews are some of the most necessary features that the right candidate interviewing tools have. One tool that you can certainly rely on for interviews is:
- HireVue
- myInterview
- Sapia
- CodeSignal
7. Candidate Onboarding
A study indicated that an effective onboarding process can boost new hire retention by 82%. Onboarding tools are incremental in sharing the experiences of both your clients and candidates. In addition to a well-designed onboarding strategy, the right onboarding software that can smoothen the transition of the candidate to a new working environment and establish a positive atmosphere from day one is certainly a must.
- Deel
- ClearCompany
- GoCo
- Keka
8. Compliance Management
Today, rapidly growing companies are hiring globally. And why not? The best talent for your job doesn’t need to be right next door. However, what recruiters often tend to forget is the varied rules that different regions across the globe have, especially pertaining to employment. Avoid mistakes and fines when hiring overseas by having the right compliance tools. Reduce your legal and operational overhead with software like:
- Homebase
- RemoFirst
- CircaWorks
- OysterHR
Where Skima AI Fits Into Your Recruitment Stack?
Skima AI has grown to become a favorite among many recruiters who seek to simplify their sourcing and screening process. The tool uses artificial intelligence and machine learning models to identify qualified candidates for a given role at any given point in time. With a tailored dashboard and exhaustive integrations, Skima offers key candidate insights to help recruiters make informed hiring decisions, every time. Additionally, the platform has a massive pool of over 500 million candidates' database from varied fields, which recruiters can actively use to discover talent faster.
Additionally, the platform features an AI Matching Score that’s allotted to each candidate in your database. The higher the score, the more relevant the candidate is to the job role. Instead of dismissing the least compatible applicants, Skima gives you a detailed overview of each candidate (even the one with the lowest AI Matching Score) to help you make your own data-driven decisions.
Skima Pricing:
- Free Forever
- Growth - $299/Month
- Enterprise (Contact sales for pricing)
End Note
Based on your needs, you can choose one or multiple recruitment tools to make aspects like screening, sourcing, assessment and interviewing candidates more seamless. Many of the tools mentioned in the list also offer a mix of services. Before choosing any recruitment software make sure they can easily integrate with your existing tools for a continuous process.
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Cheers!
