Virtually half (40%) of quick progress staffing businesses strongly consider recruiting automation will rework the trade. In the identical method that Tinder and the world of recent courting apps as soon as irreversibly remodeled our method to courting, the unprecedented workforce shifts of 2020-21 are forcing a dramatic evolution of approaches to recruiting. Let’s discover this metaphor additional. The previous decade has seen twenty first century daters transition from a reliance on nose to nose chemistry to AI powered tech. Equally, put up pandemic recruiting successes will see a departure from leveraging private networks and handbook practices to a deeper reliance on digital recruiting techniques that capitalize on contingent and versatile workforce developments. Future dealing with software program for staffing businesses might want to higher allow digital hiring, the seek for certified candidates, candidate engagement, automation and final however not least, DEI (Variety, Fairness and Inclusion).
However… isn’t the large stop or ‘nice resignation’ finally going to make recruiting simpler for staffing businesses? Sure, though there’s a caveat. Staffing businesses which are profitable on this markedly modified world will possess the appropriate engine to energy their outcomes. How will you realize when you’ve got that engine? Profitable software program choice.
This information will cowl the next 6 key concerns for choosing the software program that may set your staffing company up for put up pandemic contingent hiring success:
- Will the software program streamline your recruiting practices?
- In what methods does the software program higher assist digital recruiting?
- How does it allow hiring of finest match candidates?
- How can LiveHire assist ship a number one candidate expertise?
- Does it allow scalability with out compromising on candidate expertise?
- Can it strengthen DE&I hiring?
Staffing Company Software program Snapshot
However first, let’s take a second to look at the context of staffing company software program for contingent hiring. Why? A fast snapshot of the trade will show you how to achieve readability on the place it’s headed and the place the alternatives exist in your group.
Presently valued at US$130 billion this quickly increasing market is rapidly evolving. Innovators within the area are growing vanguard managed direct sourcing platforms, corresponding to LiveHire, designed to fastback and optimize contingent hires. Whatever the route taken, staffing software program has turn into an indispensable software for many staffing businesses. Staffing software program manages the complete recruitment course of from finish to finish and contains candidate relationship administration, knowledge seize and automation. Nevertheless, many conventional Applicant Monitoring System and CRM options will not be constructed with a versatile sufficient structure to assist the agility staffing firms would require shifting ahead. The brand new frontier of staffing company software program is designed with the pliability to drive progress and profitability within the put up pandemic recruiting local weather.
Let’s break down the 6 key components to search for in your subsequent staffing software program buy.
1. Will the software program streamline your recruiting practices?
An efficient staffing company software program ought to simplify your recruiting processes and enhance effectivity to allow you to ship higher outcomes for shoppers and accelerated enterprise progress.
The time to fill a contingent job varies in accordance with the position however most roles needs to be crammed inside days, reasonably than weeks, as in comparison with a lengthier common time to fill everlasting roles of 45-50 days. Thus, a system that allows hiring pace is paramount for attracting high contingent expertise in right this moment’s aggressive contingent workforce local weather.
Utilizing LiveHire’s expertise acquisition software program, Increase Recruiting teamed up with Canada’s Ontario Ministry of Well being to assist them obtain their escalating worker hiring targets in the course of the top of the pandemic. Utilizing Livehire’s software program to handle their expertise pooling and centralize workflow, they employed and on-boarded over 300 workers throughout the first few weeks, lowering their median time-to-submit to simply 3 days.
Key options to search for:
- Can the software program be built-in along with your web site and all different current platforms, together with social media?
- Is it mobile-optimized?
- Is it designed to create stay expertise swimming pools to construct a pipeline of candidates earlier than a hiring want arises?
- In what methods will it ship a tailor-made blueprint to speed up your workflow and drive staff efficiencies ?
- Does it allow responding to requisitions immediately? For instance, LiveHire’s mobile-enabled person expertise and customized job invites are confirmed to create fast candidate engagement.
- Is it AI-powered to maximize expertise matching potential?
- Does the system permit you to contact base with candidates by way of any type of communication to spice up your likelihood of connecting with high tier candidates?
2. In what methods does the software program higher assist digital recruiting for staffing businesses?
A key world pattern to emerge from 2020-21 is an acceleration of digital recruiting, with 7 out of 10 organizations persevering with to conduct digital interviews in 2021 according to growing hybrid and contingent workforce hires. The US is main the way in which by way of integrating digital recruiting into on a regular basis recruiting practices – nevertheless, many recruiters and candidates alike are battling discovering methods to evaluate tradition and worth alignment nearly. Thus, skilled staffing companies can set themselves aside by reliably figuring out candidates who can work independently with out fixed supervision, are tech savvy, and persistently ship top quality outputs on demand.
Key options to search for:
- Date pushed candidate profiles that may establish the perfect candidates suited to distant work. For instance, LiveHire’s AI powered SAAS answer options candidate profiles that include deep knowledge on specialties, expertise, and preferences for job matching enabling identification of suitability for distant work.
- AI-powered matching that mines your chosen internet platforms for potential candidates with appropriate abilities and expertise for every position. LiveHire’s AI-powered candidate matching finds the appropriate abilities and expertise for every position, making it simpler to display screen candidates.
- World hiring functionality aligned with key rules for world privateness requirements
3. How does it allow your hiring course of to pick out the perfect match candidates?
Based on Glassdoor, 76% of organizations in 2021 checklist attracting well-qualified candidates as their greatest hiring problem. The time period ‘match’ refers back to the means of discovering the appropriate candidate for the appropriate job inside the appropriate timeframe. Spurred on by the pandemic, the problem of ‘match’ is additional driving the necessity for digital recruitment and techniques with quicker, extra environment friendly processes which may establish very best candidates for a given position.
Increase Recruiting not too long ago partnered with LiveHire to ship direct sourcing options designed to drive higher hiring outcomes.
“We partnered with LiveHire to proactively construct expertise swimming pools of pre-qualified candidates for our shoppers. When a job requisition arises, the distinctive 2-way SMS performance permits us to quickly interact with candidates who’re involved in contract work and fill roles rapidly.” Edwin Jansen, Head of Company Improvement, Increase Recruiting.
Key options to search for:
- Expertise pool progress and ongoing administration. Right here at LiveHire, our shoppers and companions create and handle stay expertise swimming pools to construct a pipeline of candidates earlier than a hiring want arises, thus considerably fast-tracking hiring processes.
- Expertise Cloud focused looking out. LiveHire software program allows fast Expertise Cloud filtering and segmentation for correct pre-qualification of appropriate candidates.
4. How can LiveHire assist ship a number one candidate expertise?
60% of candidates that drop out of the recruiting course of accomplish that as a result of an excessively advanced and time-consuming utility course of. Analysis signifies 84% of candidates now anticipate an preliminary response early within the recruitment course of even when it’s within the type of an automatic e-mail. Additional, firms who boosted their candidate expertise by automating phases of their recruiting course of, achieved a 15% increased conversion fee on their profession websites accompanied with a 23% lower in value per rent. If you happen to’re not but satisfied of the enterprise case for implementing a vanguard staffing software program, let these figures settle in for a second.
Software program that yields a powerful Internet Promoter Rating (NPS) is paramount. For example, LiveHire’s platform delivers a 96% optimistic candidate satisfaction ranking. As such, our shoppers have achieved the very best candidate NPS globally.
Common Internet Promoter Scores for Staffing Companies in 2021 – State of Staffing Trade Report
How is a excessive NPS achievable? Trendy staffing software program is designed with the candidate on the middle on the idea that candidates needs to be handled in a lot the identical method as twenty first century clients. So what does swapping out your outdated techniques for a contemporary consumer-grade tech appear like? See our shortlist of options to look out for.
Key options to search for:
- Delivers a frictionless and seamless communication expertise. For instance, LiveHire includes a 2 method textual content messaging system which has resulted in a 17 minute median candidate acceptance time by SMS to submittal invitations.
- Produces focused job invites and customized, cellular communication.
- Allows easy-to-use digital contract administration.
5. Does it allow scalability with out compromising on candidate expertise?
Based on SIA, 69.6% of businesses had been anticipated to develop by 11% or extra in 2021. Through the ‘battle for expertise’ period, progress is achievable with the appropriate know-how. Software program that leverages scale to drive larger productiveness and top-line income is a should. Nevertheless, as mentioned, candidate expertise should be stored on the forefront for outcomes which are sustainable.
World staffing agency, ASK Consulting had been on the lookout for an modern direct sourcing platform to offer a seamless and aligned expertise for shoppers and candidates alike. “LiveHire is by far probably the most modern know-how chief out there providing an efficient and dependable Direct Sourcing software. Their customer support is unmatched. The UX/UI is so clear, neat and intuitive, and allowed our recruiters to get ramped up very quickly. The partnership has been seamless, and our expertise with them has proven how really passionate they’re about their software program.” -ASK Consulting
Key options to search for:
- Recruitment automation
- Reporting and analytics to allow steady enhancements
- Open APIs for seamless know-how integrations
- Mechanisms to gather candidate suggestions
6. Can it strengthen DE&I hiring?
In 2021, 45% of candidates anticipate to be informed about an organization’s variety and inclusion standing. Furthermore, for the overwhelming majority of workers, variety and inclusion are key components influencing whether or not to take a job supply. Nevertheless, 40% of firms wouldn’t have a formalised variety, fairness and inclusion (DE&I) technique in place. The underside line is DE&I is of rising significance to each candidates and employers. Trendy staffing company options can allow organizations to strengthen their total hiring, attracting persistently high tier expertise, by way of various and equitable hiring. In actual fact, LiveHire shoppers persistently obtain 15% higher variety hiring outcomes than trade friends.
Key options to search for:
- Capacity to draw and have interaction a extra various workforce by way of genuine candidate relationships.
- Customisable notifications to tailor the recruitment expertise and remind interviewers concerning the significance of adhering to DE&I insurance policies.
Ultimate ideas…
The time to behave is now. Analysis signifies the vast majority of staffing businesses consider the most important areas of alternative for driving progress proper now are automation and know-how. In actual fact, there has by no means been a extra important time in recruiting historical past to reply rapidly to altering market situations and new developments. By adopting a number one staffing company software program constructed to reply to these rising contingent workforce developments you may be able to ship sustainable progress into the long run. For more information on LiveHire….
