How to Maximise Your Recruitment and Selection Process Efficiency?
January 30th, 2018 • HR Process
Imagine this — you own a business or work for one that hasn’t adopted innovative HR recruitment solutions yet. Processes are still manual, and automation is nothing but an illusion. Paper flies from one desk to another, people are struggling to find the data they need, and spend enormous amounts of time on trivial tasks that could otherwise be automated.
Whenever a job position is advertised, the HR department is flooded with hundreds of resumes that they have to sift through manually. The task is so laborious that you risk not inviting the best candidates for the interview, or mistaking the resumes of candidates that are far from impressive.
This process can have disastrous outcomes; your business loses a lot of money and time on sourcing candidates, and you fail to attract the right candidates for the right jobs.
In today’s volatile job market, the recruitment process is already too complex. But carrying out outdated processes to recruit new hires only makes it more difficult for HR professionals to do a good job and overcome the challenges that they face.
Why Lack of Automation is Detrimental
An automated recruitment process enables you to handle the most mundane and cumbersome tasks quickly and efficiently. With paperwork and file management out of the way, HR professionals are free to focus on actual HR recruitment.
When done for the right reasons, HR automation actually enables companies to get better candidates for the required positions. We live in a world where shortage tops demand, which also applies to finding great people for your business. When you automate every aspect of a recruitment process, the HR staff can focus on more innovative strategies aimed at establishing a corporate culture that attracts talented professionals. This ensures that the company attracts the talent that they want, and retains them for a long time.
Lack of automation in recruitment can be detrimental in a number of other ways:
- Financial losses: Bad hiring decisions that aren’t based on reliable data and thorough evaluation can cost companies nearly $17,000 a year. And that’s just for one bad hire.
- Compliance errors: HR recruitment involves a lot of paperwork and maintaining meticulous employee/candidate files. There are compliance criteria that companies have to meet when it comes to processing documentation during recruitment. Human errors are naive, but it’s consequences can be disastrous for your business.
- Missed opportunities: An HR recruitment process has to be quick and efficient because the best candidates aren’t just sitting around for months at a time waiting to be hired. Lack of automation in recruitment usually slows down offers being handed out for the best candidates. That means that the company can miss out employing some talented and qualified professionals.
- Recruitment delays: Currently in U.S., a job opening remains unfilled for 28.1 days on an average. That’s a significant increase from 19.3 days back in 2001. When you don’t have automation or process simplification at your behest, it could offset the filling of vacant positions for an even longer period of time.
Can Recruitment Process Automation Be a Solution?
Recruitment Process Automation is a viable solution that helps HR professionals overcome many challenges in talent acquisition.
Automating your recruitment process allows for a much better experience for the candidates that walk through your doors. Modern solutions for HR departments let you send automated and personalized job offer letters to selected candidates. This kind of personal touch will certainly create positive impression of your business on the candidates.
Recruitment process automation helps companies sort through applications, collate them, and create an archive of skilled workers who can be contacted in the future – should relevant need arise. Maintaining such a database improves the speed and efficiency of your HR department. This saves time from sifting through a mountain of cluttered resumes.
The benefits don’t stop there. Choosing cloud-based recruitment apps centralizes all this information, allowing for better processing of large amounts of data, decreases hiring costs, enables position tracking and interview requests, enables effective evaluation of the talent pool, and speeds up the overall hiring time.
Cloud-based automation tools are suitable for all businesses – from startups to global giants. These tools offer scalability, meaning that each company only needs to pay for what they use, and nothing more. In addition, cost reduction due to the introduction of this technology will guarantee a high return on investment within a short period of time.