Recruiting SoftwareHiring Success Glossary
Recruiter Software Isn’t What It Used To Be
The process of recruiting has been software-aided for almost two decades now and yet that recruiter software was of little use in actually performing the process of recruiting. The primary category of recruiting software has been so-called Applicant Tracking Systems. ATS products did and do a decent job of what their name describes: tracking applicants, somewhat like supply chain software tracks inventory. Unfortunately that’s only a small part of the overall recruiting process and fails utterly to address the vast changes in the world of talent acquisition.
Recruiting Tools To The Rescue
Because recruitment software like Applicant Tracking Systems fails to actually aid in the critical elements of recruiting, a variety of recruiting tools have come into use as add-ons to the ATS. These include job posting, mobile apply, candidate relationship management, social recruiting, interview scheduling, analytics tools for recruiting metrics, and many more.
Recruiting Metrics Should Come from Recruiting Software
Most recruiting software provides little in the way of recruiting metrics, oddly enough. This has led users to feed data into third-party analytics tools. While that strategy often supports IT’s standardization on an analytics platform, it leads to extra work for the Talent Acquisition team and the HRIT support alike.
Next generation recruiting software, like the SmartRecruiters Talent Acquisition Platform, includes recruiting metrics intrinsically. This has three benefits. First, ease-of-use and accessibility is maximized, because the recruiting analytics are in-line with the overall recruitment software. Next, the sophistication of the recruitment metrics is maximized, because they are designed and optimized for modern talent acquisition. Finally, there is nothing more to license or subscribe to, or at least there isn’t with SmartRecruiters.
Of course, modern recruitment software like SmartRecruiters also provides a robust RESTful API that allows a third-party analytics platform like Tableau to be used in lieu or addition to the built-in analytics.
Hiring Software Should Drive Hiring Success
The upshot of the generational advance in recruiter software is that it should drive hiring success in the modern talent economy, as defined by well-accepted recruiting metrics such as time-to-hire, pipeline richness and velocity, candidate quality and reduced cost-per-hire.
Thus the industry is witnessing the emergence of Talent Acquisition Platforms like SmartRecruiters. These are end-to-end cloud-based systems that start with recruitment marketing and extend through the various aspects of collaborative hiring, with complete recruiting metrics built-in. A TA Platform like SmartRecruiters also includes an open recruitment services marketplace, so that all manner of third-party recruitment services can be accessed, without needing to undertake integration. Such services include job boards, background checks, candidate assessments and so on.
However, the need for bolt-on recruiting solutions like candidate relationship management, job posting, mobile apply and interview scheduling is long past. Those are mere features of contemporary Talent Acquisition Platforms.
The good news for Talent Acquisition leaders is that this generational shift is now readily available to them, positioning them for hiring success in today’s talent economy.