How entrepreneurs can save time and money by automating hiring processes
Did you know automated recruitment technology was introduced to the world in the mid-1990s, during the advent of Application Tracking Software industry? Automated recruiting is the most sought-after, yet delayed trend in the technology sector. However, many companies in the United States and other developed parts of the world have already adopted this technology, resulting in major cost-cutting in the overall recruitment operations.
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Perhaps, the trend still seems to be a long shot for Indian companies. Most established firms, whether medium-scale or giant corporations, still rely on traditional recruitment options, with RPOs (recruitment process outsourcing) being at the top of the list. But startups have already started pounding on this aspect of technology to resolve their incessant need of cost-cutting measures.
Is automated hiring process really a good thing?
Business automation is intriguing, and especially when it means removing the human element from something that has been an integral part of every organisation. Of course, companies feel restricted, but if the automation is implemented properly in the system, it can help you achieve desired results in a more systematic manner. Entrepreneurs can then utilise the saved time to focus on other revenue generating operations. With efficient automation software, you can also automate other crucial payroll management tasks such as employment benefits, compliance, insurance, taxes and payroll. It also eliminates the need for extensive paper-based system.
This leads to an important question: what are the best solutions or applications that companies can use to streamline their hiring processes?
Here are four recruitment and HR management software that you can begin with to test the waters:
UltiPro by Ultimate Software is a comprehensive cloud-based HR and payroll software providing an end-to-end approach to people management. With UltiPro, companies can automate and direct the complete employee life cycle – from selection and recruitment to retirement, in a unified, easy-to-use, secure web portal. Features include: talent acquisition, paperless and time-saving onboarding, payroll management, benefits administration, performance reviews, attendance tracking, appraisal planning and much more.
Affordable, easy-to-use and consistently top-rated, ApplicantStack is one of the widely used Applicant Tracking Software by small and mid-sized organisations. ApplicantStack offers tools that help generate applications, create posts for new positions, build questionnaires for initial screening and enable social media sharing. You can also manage new recruitment paperwork, tasks and employee information all in a single place.
If you want to take advantage of search engines and social media platforms while recruiting, BullHorn is the tool that you should focus on. With its business intelligence, this applicant tracking and recruiting system maximises the output of recruiting processes, enabling you to manage contacts, track candidates and fill positions without losing much time. Bullhorn Software Solution is highly configurable and can be modified according to your preferences.
The world's first recruiting software, Greenhouse, goes beyond tracking and managing applicants. This web-based software is used by companies like Tripadvisor, Airbnb and Booking.com to find and hire best talents across the globe. The software provides tools to make data-driven hiring decisions and offers comprehensive interview kits that take care of the entire hiring process—right from sourcing to the final recruitment process. It is best suited for small and mid-sized businesses.
As a business professional, you must have heard the saying “time is money”. Every passing hour is an opportunity gained or lost. So if you have spent your day doing productive tasks, you are on the right track. But if you are wasting time fiddling with business processes such as hiring, which could be automated, you’re simply holding yourself back. Try these software and see how they make a difference to your business, ensuring that you hire only the best talent for the open position.