The right candidate will increase your company’s productivity and efficiency. If done properly, hiring can add value but can be expensive if it is done wrong.
Poor hires could cost you around a third of their first salary. But it could be more expensive than it. The time and resources spent training and then onboard them could exceed the cost of hiring them. In essence, unsuitable hiring could take away your company’s time, resources, and energy.
Every day , recruiters are sending out information about hundreds of jobs available for their companies. It is easier to hire a wrong person when there is a huge number of applicants pouring into. However, this is only true for traditional process of recruiting.
The latest AI hiring removes the possibility of poor hires and the related costs. Furthermore, it includes HRM software that can be used to enhance the entire process of recruitment.
This article will highlight the ways HRM software assists you in identifying the perfect candidate right from screening stage to the selection phase. Let’s look into it!
The way HRM Software helps in the Pre-Selection Stage
The pre-selection phase is the basis of the hiring process. It aids you in understanding the roles you wish to fill. It also allows you to present the required details of the job to attract best applicants. Therefore, the process of recruitment is outlined beginning with an analysis of the job and the application.
Job Analysis and Application
It is important to ensure that all essential details for the job are provided in the job posting. Effective and clear communication is a great way to draw in applicants.
Then, you should create the application process. Are you using a manual process or an online one? If it’s an application that is online Does it support mobile devices? Talent recruitment platforms can help you test your application process.
A test like this is vital to ensure a pleasant application. A bad experience could result in applicants quitting at the halfway point. This could be a case of some of the top and most qualified applicants.
What HRM Software helps during the Selection Stage
The screening process is the next stage following the job analysis and application. Screening is vital as it can reduce the amount of candidates that are in the pool down to an acceptable size. Here are a few steps of the screening stage:
When it comes to getting down the number of applicants the CV screening or resume screening is a common practice. By screening resumes you can determine if candidates meet the requirements for the job.
In some cases, the job that you’re filling could require more than 10 years of experience. Naturally, every person would like to test it. But, you may get applications from a new college student. A resume screening can help to identify such candidates and let you keep those who are most qualified according to the established criteria.
Based what size your company depending on the size of your company, the process of evaluating CVs can be time-consuming. But, the use of human resource management software can make this process affordable and efficient in time.
It is possible to use the Application Tracking System (ATS’s) built-in tools for screening resumes. Alternately, resume screeners using artificial intelligence will assist in determining the qualifications of hiring. It is possible to screen the entire network or talent pool immediately. You’ll also be able to categorize them by level of skill and needs for learning.
But, be sure to not make use of this technology in a way that isn’t. Furthermore, you have to make sure that the HRM software is subject to periodic reviews to avoid bias from the software.
Screening for phones
Screening by telephone (or video) screening is the next stage after a resume screen. The importance of phone screening is that it will help to align requirements of the employer and candidate. In the process of screening candidates on the phone you are able to ask the candidate any questions that you have.
What are your company’s key points of difference? After you have this information and sorted, it is possible to think of ways to discuss the topics in the process of screening. For instance, is the person available for full-time work or part-time work, and what are their work time? What is their expected salary? When will they be willing to start if they accept the job? Are they able to work from home? alternatives?
Utilizing HRM software such as a chatbot-enabled system can assist you in asking these kinds of questions. Furthermore, with the ever-growing dependence on technology advancements it is now possible to automate screenings for talent during recruitment.
The benefit of having chatbots asking candidates questions is that it makes the process of interviewing exciting. Additionally, using chatbots for screening on the phone has a high rate of success when compared to traditional.
A pre-selection evaluation is vital for handling large number of applications. The tools that fall into this category include cognitive testing as well as job simulators. These tools can help you make the most effective hirings from the new talent pool.
A job simulation tool uses AI technology to present authentic job-related previews. These previews showcase the fun as well as difficult aspects of the jobs. This provides a real-time view. Additionally, it improves the alignment between employer/recruiter and the expectations of the candidate. This results in hirings which are in complete alignment with the expectations.
In addition, AI-powered talent recruiting lets you search for and find the most suitable matches in a short time. Additionally, it eliminates bias. As a hiring manager or recruiter you’ll be able to save up to 60% of your recruitment time. This lets you narrow down those who are most compatible and to schedule interviews quickly.
Interviews are the primary stage following the pre-selection test. It is an essential step because it assists both the employer and applicant decide if they are a good candidate for the job.
In the course of your interview, it is easy to gain an understanding of the candidate’s personality and ability. Along with asking them about their professional experience and plans, you can make a pitch for the position.
HRM software allows this stage that can be done online too. You can use the software to conduct two interviews. The first stage could be conducted via a remote interview and the in-person interview could be the final step of the hiring process.
HRM Software HRM Software is an effective time management and cost-cutting strategy for both the employee and the applicant.
Furthermore, in this COVID 19 epidemic, the majority of companies opted to use the HRM software to conduct interviews. Remote interviews will continue post-pandemic due to their convenience. Therefore , it is essential to be equipped with the appropriate software to ensure greater selection.
The wrong person to hire can be costly for your business! It can cost your business money and time. The expansion of your company is largely dependent on the staff you have and when you choose the wrong employee the business can suffer.
Being a business owner, selecting and hiring the most qualified candidates must be a key aspect of your company. To be competitive it is essential be investing in strong selection process and recruitment. In the end having an HRM program is an important investment for your business , as it will speed up and make the entire process of recruitment smooth and efficient!