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HomeRecruitmentUnleash Your ATS Superpower with Expertise Rediscovery: A Learn how to Information

Unleash Your ATS Superpower with Expertise Rediscovery: A Learn how to Information


This yr, corporations are eager on hiring however battle to seek out nice candidates in a decent labor market. Analysis means that, regardless of the rising hiring calls for and competitors, corporations proceed to really feel much less assured find the proper match. Analysis additional means that sourcing high quality candidates, figuring out candidate matches shortly and screening and assessing candidates are high three ache factors earlier than the interview.

One other survey revealed related traits, with 73% of recruiters reporting that it’s tough to seek out high quality expertise immediately. However 42% of recruiters believed that AI will assist them be extra strategic of their jobs. 

Expertise rediscovery software program is one instance of such AI powered options on that market that may provide help to rent sooner and higher out of your current expertise community. On this article, we focus on how one can rediscover candidates and elevate your expertise acquisition efforts by your ATS.

Why Your ATS is Failing You

With every hiring cycle, organizations amass tons of (and even 1000’s) of resumes. Whereas classical applicant monitoring methods can parse resumes and retailer candidate data, it’s thought of to be a comparatively ‘dumb’ piece of expertise. This implies, it will probably help storage, however can’t carry out screening and matching features. Usually the information is outdated, making it more durable to get again in contact with these candidates.

Though most ATS enable superior search with key phrases and Boolean strings, these strategies have their limitations. Inefficient searches result in false positives and negatives, as certified candidates slip by the cracks. False positives determine candidates who won’t be a great match due to key phrase stuffing. In distinction, utilizing overly particular key phrases and Boolean strings omits acceptable candidates.

Because of this, a majority of the resumes get misplaced within the system. Manually retrieving candidate profiles out of your ATS is a frightening process, to say the least. However there’s excellent news. With a considerable amount of candidate data, you’re sitting on a goldmine of expertise knowledge. 

However how will you optimize this candidate knowledge to rework your hiring? 

Leveraging ATS for Expertise Rediscovery

Expertise rediscovery is screening candidates who utilized for earlier open roles and matching them to present open roles utilizing your ATS.

A devoted Expertise rediscovery software program or Expertise Intelligence instruments use AI to routinely discover earlier candidates match for present open positions from the ATS. The software program lets you have a candidate’s full up to date profile (training, employment, expertise) and former interactions with you, proper at your fingertips.

Specializing in current candidates whereas hiring considerably improves the method and you’ll deal with high-quality candidates; optimize the recruitment course of, lowering hiring time and price.

Advantages of Expertise Rediscovery

    • Cut back Time to Rent- having a powerful candidate community provides you a bounce begin anytime a brand new position opens up as a substitute of reinventing the wheel each time.
    • Decrease Expertise Acquisition Prices–sourcing, attracting and hiring candidates is an costly affair. And, longer hiring instances additional improve hiring price. Candidate rediscovery narrows down your candidate pool, which reduces promoting price and hiring time. It additionally streamlines and automates the sourcing lowering different related prices. 
    • Enhance High quality of Rent–since you’ve gotten already interacted with these candidates, your pipeline is already crammed with high-quality and vetted candidates. These candidates have a relationship together with your model and have expressed an curiosity in working with you. So, they’re higher matched to the position than others.

Your ATS works in tandem with the expertise intelligence software to energy your expertise rediscovery efforts. Right here’s the way it works:

    1. Integration with ATS: The expertise intelligence answer will combine into your current ATS and improve its AI powered superior search capabilities.
    2. Understanding Job Necessities: As soon as the methods are built-in, you possibly can add your job description into the system. The software program will scan the job descriptions of open roles to grasp the {qualifications} and necessities.
    3. Candidate Sourcing: Your expertise rediscovery software program will search your current resume database to seek out candidates that match the position necessities based mostly on their training, work expertise and talent set.
    4. Candidate Shortlisting: Lastly, the software program will generate an inventory of candidates ranked in accordance with their suitability for every open position.

Learn how to Begin Your Expertise Rediscovery Journey

Use Candidate Information: Insights from Your Expertise Funnel

With the expertise intelligence integration together with your ATS, you possibly can display current resumes based mostly in your job descriptions, rank and shortlist ideally suited candidates. You possibly can export the next candidate data out of your ATS:

RippleMatch Fall 2022 Recruitment Checklist
    • Present firm and title
    • Contact data (cellphone and e mail)
    • Schooling Historical past and {Qualifications}
    •  Candidate’s work expertise and talent set

The software program additionally lets you use a complicated search and extra knowledge out of your recruiting funnel. For example, you possibly can filter candidates based mostly on:

    • Candidate supply
    • The stage of the recruitment course of reached
    •  Causes for rejection/Causes for software withdrawal
    • Interview Suggestions
    • Variety,Fairness and Inclusion (DE&I) attributes 

These superior search choices and filters make it simpler to retrieve acceptable candidate profiles. 

Determine and Prioritize Silver Medalists

Silver medalists are the candidates who made it to the ultimate stage of hiring, however fell quick for some purpose. It doesn’t imply that these candidates will not be expert or certified for the place. In truth, silver medalists present an amazing start line for recruiters to counterpoint the expertise pool with pre-screened and interviewed candidates. However usually as soon as the position is stuffed, these candidates are forgotten and the leads ultimately flip chilly.

Expertise intelligence instruments allow you so as to add silver medalists routinely out of your ATS to a ‘heat’ pipeline and match them to open requisition based mostly on talent and behavioral attributes, employment historical past and job description. The software may also use recruiter suggestions to make correct candidate solutions to begin the hiring course of.

Earlier candidates are additionally extra seemingly to reply to new alternatives as you’ve gotten a relationship and they’re already keen about working with the corporate. However, to maintain curiosity, it’s a must to have interaction your expertise pipeline.

Rework Candidate Expertise With Re-Engagement Campaigns  

Constructing a expertise community of leads and passive candidates lets you supply when hiring sooner or later. However, solely 35% of the Fortune 500 corporations have any sort of expertise community. Even with a expertise community in place, one third of those corporations by no means ship something to their leads.

Nurturing candidate relationships by constant and private communication improves the chance of them accepting future job provides. With AI based mostly instruments, you possibly can ship customized content material and maintain them engaged in between hiring cycles. Automated e mail drip campaigns, together with customized job suggestions, informative weblog posts associated to particular roles or expertise or the most recent and related firm updates may be useful in getting the candidate’s consideration.

Significant and focused communication additionally helps candidates. They really feel valued and sustained engagement encourages them to use for future roles. These are particularly essential within the case of silver medalists.

Conclusion

Candidate rediscovery with AI lets you benefit from your current expertise database, determine appropriate candidates and cut back time and price of rent. Expertise rediscovery software program will combine together with your ATS to scan candidate knowledge and resumes and generate an inventory of most closely fits. It additionally lets you develop and nurture relationships with the candidates over a time frame. This makes it extra seemingly for the candidates to reply to your future job requisitions and settle for provides. 

To know extra about expertise rediscovery, corporations like Seekout (with greater than twice the quantity of evaluations than the following competitor), Ripplematch, Entelo and a few dozen extra may help you dig deep into the numbers.

Right here’s a rating on G2 to assist navigate the course.


Authors

Ryan Leary

Ryan Leary helps create the processes, concepts and innovation that drives RecruitingDaily. He’s our in-house knowledgeable for something associated to sourcing, instruments or expertise. A lead technology and model buzz constructing machine, he has constructed superior funnel methods for a few of the industries high HR Tech and Recruitment manufacturers. He’s a veteran to the net group and a associate right here at RecruitingDaily.


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