What is Recruiting Software?

Recruitment Software

The recruitment sector has changed dramatically over the last 20 years due to the rise of technology, as a result, it has become common for companies to rely on recruitment software to assist them with hiring the right candidates, making the hiring process more efficient. A recent survey found that 98% of Fortune 500 companies and 66% of large companies now use an ATS (Applicant Tracking System), suggesting a direct correlation between the use of recruitment software, and success. Here, we break down what recruitment software is, and how you can benefit from using it for your company.

It’s Time-Efficient

The recruitment process often involves endless amounts of paperwork, filing and data collection.  But recruiting software cuts down on administrative labour costs by automating responses to applications and can assist with hiring a high-volume of candidates in a shorter time period compared to manual recruitment.  To achieve this, Oleeo uses artificial intelligence to screen and select candidates from application to hire in just three days by picking out attributes from applications that are desirable to your vacancy posts.

Your Data is Secured and Organised

Keeping sensitive information secured is best practice for General Data Protection Regulations and reduces the risk of information being lost, tampered with, or stolen.  This data can be analysed and quantified to give you an instant picture of your potential workforce and can help you to re-assess any areas that require improvement.  It also gives you a snapshot of who your applicants are, with a database of their experience, skills and qualifications that is on-hand in a talent pool for future vacancies.  You can also verify your candidate’s ability by using verbal, numerical and situational judgement tests. These, when scored, give each candidate a number of points that assess them for their suitability to the post.

It Brings Diversity and Inclusion to the Forefront

Due to the Black Lives Matter and Me Too movements in recent years, diversity plays a more significant role than ever before in the recruitment sector, with many companies aspiring towards targets to ensure their hiring processes are inclusive. To monitor this, they may implement policies such as record-keeping of candidate information to produce standardised reports.  This is where the use of artificial intelligence is beneficial in reducing the effects of unconscious bias and making sure that the recruitment process is prejudice-free.  A recent study shows that women will often only apply to a job if she is qualified for 100% of the job, whereas men will apply if they only meet 60% of the criteria.  To achieve an unbiased approach, Oleeo uses Intelligent Writing to analyse your job descriptions and pick out masculine language that may prevent women applying for the role.  Overall, recruitment software has proved itself to be an asset to the business sector. By streamlining the recruitment process and using artificial intelligence to pick out attributes of the best candidates, you can feel reassured that you’re getting the quality you need for your business every time.

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