With the rise of recruitment automation, you have the tools to increase your conversions while significantly improving the experience for candidates. The impact of automation is huge: nearly all Fortune 500 companies (99%) are already using AI. In short: the recruitment landscape is changing. In this article, we explain how to use recruitment automation to your advantage and make data work for you.
The benefits of recruitment automation for recruiters
There are many positives to using recruitment automation for recruiters. As many as 75% of recruiters think so too, because according to Hubspot, they are convinced that recruitment automation is going to play a big role this year. In fact, they expect the entire recruitment industry to move to automation. We highlight the biggest benefits of recruitment automation below. Want to know what benefits it has for the candidates themselves? You can read about it here.
- Time saving
- Better decision-making
- Candidate success prediction
- Optimization of recruitment channels
- Increased candidate experience
Save time through recruitment automation
Recruitment automation automates repetitive tasks such as screening resumes, scheduling interviews, and sending emails to candidates. This saves you a significant amount of time, which you can then spend on more important (strategic) matters.
From data to insight:
- Collect data on how much time you save when you perform a task manually versus when you would automate it. You can do this by comparing time records before and after automation.
- Identify which tasks take up the most time and explore whether they can be further automated.
Let recruitment automation help you with decision making
At the heart of recruitment automation is the ability to analyze large amounts of data and turn it into actionable insights. This means that as a recruiter, you can make more informed decisions in the recruitment process. For example, think about candidate success rates, or which recruitment channels offer the best ROI. When you harness the power of data analytics, you can streamline and optimize the recruitment process faster. This leads to higher quality hires and more efficient use of resources.
From data to insight:
- Use dashboards and reports in recruitment automation tools to assess the performance of different recruitment channels. Look at conversion rates, cost per hire, and time to hire.
- Adjust your strategies based on what the data tells you. If certain channels consistently underperform, reallocate resources to better-performing channels.
Predict the success of your candidates
AI creates new opportunities in the hiring process. One example is that AI can assess whether an applicant is a good fit for a particular position. By analyzing historical data, you can identify recurring patterns. This allows you to discover which indicators are important for success and apply them to potential candidates. This significantly improves the quality of the shortlist of candidates, allowing you to find candidates much faster. It also allows for a more personalized candidate experience, as you target only the most promising prospects.
From data to insight:
- Analyze the performance of previously hired candidates to determine what characteristics successful employees have. Use these insights to build scoring models that predict the likelihood of success of new candidates.
- Integrate feedback from the shop floor on the performance of new employees back into the model to improve the accuracy of your predictions.
Optimize your recruitment channels
Choosing the right channels is crucial to attracting top candidates. Recruitment automation provides clear insights into the effectiveness of different channels. This ranges from social media to job boards and referral programs, allowing you as a recruiter to make informed decisions. This leads not only to better visibility with the right candidates, but also to a significant improvement in the ROI of recruitment campaigns.
From data to insight:
- Monitor the performance of each channel looked at the number of applications, quality of applicants, and conversion rates. Use this data to determine which channels are most effective and adjust your budget allocation accordingly.
- Run A/B tests with different messages and strategies across a number of channels to see which performs best. Adjust your approach based on the results.
Increase your candidate experience
Automation tools can help streamline the application process and make it faster. That way, candidates get a pleasant experience. An increased candidate experience includes prompt communication, consistent updates, and pleasant interaction. This contributes to a positive image of your company.
From data to insight:
- Actively gather feedback from candidates about their experience throughout the application process. Use this information to identify and address areas for improvement.
- Monitor how long each stage in the application process takes and how quickly you communicate with candidates. Strive for optimization based on the data collected to speed up and improve the experience.
