How to choose the right recruitment management software?
The challenges of a global recession, an unprecedented shortage of qualified talent, and the total transformation of the way we work have recruiters in a race to not only engage qualified candidates but to engage them faster than the competition. And while technology has long been an integral part of the recruiting ecosystem (over 98% of Fortune 500 companies use recruitment software), meeting these challenges has businesses looking for Recruitment management software that provides real solutions. In fact, 68% of recruiting professionals say that investing in new recruiting technology is the best way to improve recruiting performance.
But with so many different software platforms to choose from, it can be overwhelming to determine which one is the best fit for your organization. Choosing wisely can be what skyrockets your recruiting game to the next level. On the flip side, the cost of making the wrong choice isn’t just monetary, but valuable time wasted when you could be engaging with top talent. Before we dive into the how part of choosing the right recruitment management software, let’s explore the basics of what it is and how organizations use it to achieve their recruiting goals.
What is recruitment management software?
The first thing to understand about recruiting software, in general, is that there are a variety of platforms within the recruiting industry, but they don’t all do the same things. Just as recruiters, hiring managers, HR specialists, and other talent acquisition professionals don’t all do the same things. But in the most general sense, recruitment management software is software that is designed to simplify, automate and streamline different aspects of recruiting workflows.
The functionalities required in recruitment management software will vary depending on the specific needs of your business. To identify the most suitable platform for your organization, start by examining the talent acquisition lifecycle of your business from a big-picture perspective.
Define your needs and goals
Before you start looking at different options, it’s important to have a clear understanding of what you need from a recruitment management software. This includes both your current recruitment challenges and your long-term goals for the hiring process. Some questions to consider:
- What are the main pain points in your current recruitment process?
- How many hires do you make in a year?
- Do you have specific requirements for tracking diversity, equity, and inclusion (DEI) metrics?
- Do you need the ability to schedule interviews and communicate with candidates directly through recruitment management?
- What workflows are taking up the bulk of your time that could be streamlined by automation?
- How are you currently sourcing talent and is candidate compatibility an issue?
Consider your budget
Recruiting management software can vary significantly in price, so it’s important to consider your budget when evaluating different options. Some solutions offer a basic package for free, with additional features available for a fee. Others charge a flat monthly or annual fee for access to all features. Be sure to consider the total cost of ownership when evaluating different recruitment management options, including any hidden costs such as training, implementation, or integration with other systems.
Look for a user-friendly interface
The effectiveness of the recruitment management you choose greatly depends on ease of use. Consider the interface and overall user experience. Does the software have a clean, intuitive layout? Is it easy to navigate and does it have an easy-to-manage interface for all your candidate sources? The user-friendly interface in the Arya platform provides a single, consolidated list of all your candidate’s sources and makes it easier for your team to source and engage top talent quickly.
One of the biggest hurdles many recruiters face is keeping candidates engaged while navigating the myriad of tasks throughout the recruiting lifecycle recruitment management with the ability to automate repetitive tasks enables recruiters and hiring managers to focus on other important tasks such as candidate engagement. The multichannel candidate communication dashboard in the Arya platform goes a step further with talk, text, email, and chatbot functions that make it easy to maximize candidate engagement.
The ability to seamlessly integrate with other systems and tools you’re already using is essential. This may include applicant tracking systems (ATS), human resources information systems (HRIS), or other recruitment tools such as assessment or background check platforms. A platform like Arya Quantum, which is built on open APIs and seamlessly integrates with your tech stack is ideal.
Consider vendor reviews and customer support capability
When selecting recruitment management software, it’s important to choose a vendor with a track record of customer satisfaction. Look for reviews and ratings from other customers to get an idea of the vendor’s overall performance. It’s also a good idea to reach out to the vendor directly to ask questions and get a sense of their customer support during and after implementation. A responsive and helpful vendor can make a big difference in the success of your implementation.
Recruitment management software powered by AI is an absolute must-have. With built-in diversity features, talent scoring and ranking, and Artificial Intuition that goes beyond simple skills matching to find, score, connect and engage the candidates most likely to succeed in the role, the Arya platform demonstrates why AI-based recruiting solutions are taking the industry by storm.
Additional sourcing power
Whether you’re a small business or a large enterprise organization, a robust talent pipeline is critical to meeting your organization’s recruiting goals. recruitment management software that includes access to additional pools of compatible talent can help you scale your recruiting efforts according to your needs. Arya offers users easy access to a proprietary talent pool of more than 800M+ active and passive candidates, consolidated into one de-duplicated list.
Market intelligence and analytics
Consider recruitment management software capable of leveraging AI to refine talent searches with predictive analytics and data on essential elements including compensation, skill set distribution across potential talent, location, and other data points. The market intelligence function in a platform such as Arya helps hiring leaders to transform critical market insights into actionable strategies that optimize recruiting outcomes.
AI-powered recruiting software
94% of HR professionals say that using recruitment software has positively impacted their hiring process and 80% of executives believe AI can help improve performance and productivity in human resources.
Suffice it to say that numbers don’t lie, and neither does AI. As technology continues to evolve and shape the recruiting industry, put the power of AI to work for your business with Ayra and recruit smarter, faster, and more efficiently.