Recruitment software is a relatively new concept. Aside from the basic principles that have governed human resource management for years, recruitment software is also a rapidly growing field. In fact, it’s projected that the recruitment software market will grow from $1 billion in annual spending in 2016 to $3.7 billion by 2020. Recruitment software has become so important for businesses because it gives HR managers an easy way to manage their candidate database and attract the best talent. The right Recruitment software can help make your job easier and increase efficiency, which ultimately makes your company more profitable from a hiring perspective.

What is Recruitment Software?

Recruitment software is a type of software that is designed to assist human resource managers with the day-to-day operations of their recruiting process. Although recruitment software is not solely focused on finding qualified candidates, the success of the entire process can depend on the ability to identify candidates. The two functions that are typically combined in a recruitment software solution are sourcing and recruiting. In order to source candidates, the solution will look for information about job openings in order to build a database of candidates. After you select the best candidates, the solution then can help you create and manage job applications and make follow-up phone calls to candidates.

Types of Recruitment Software

There are many types of software used in the recruitment industry. We will explore three of the most popular types of recruitment software below. CRM solution – CRM stands for Customer Relationship Management. CRM for recruiting is a software program designed for managing customer relationships. The core function of a recruitment CRM is to manage the entire candidate lifecycle — from collecting information about the job, scheduling interviews, and managing communication from hiring managers to candidates and employees. HR Management Software – These programs help human resource managers keep track of candidates, employees, and their onboarding, time off, and performance. Some HR software programs also have features specifically designed for recruiting managers, such as automated recruiting software that can help you manage the process of attracting and screening candidates. Job Board Software – This software is used to find job postings and manage the process of posting job openings, managing the hiring process, and managing communication with hiring managers.

How Does Recruitment Software Work?

If you’re considering a new recruitment software solution, it can be helpful to understand how recruitment software works under the hood. Although it might sound like a science fiction movie to some, recruitment software tries to understand a person’s motivation and interests so that you can use that information to select the best candidates. For example, a recruitment software solution might look for information about candidates such as their education level, work experience, skills, and personality traits. This information can then be used to determine if a person is a good fit for the job and role.

Advantages of Using Recruitment Software

The greatest advantage of using recruitment software is that it can help HR managers better identify candidates. With the right software, you can access information about candidates such as their education level, work experience, skills, and personality traits. All of this information can then be used to determine if a person is a good fit for the job and role. Another advantage of using recruitment software is the ability to source candidates through various social media channels (such as LinkedIn, Facebook, and Twitter) and job boards. This means that your sourcing options will be nearly unlimited.

Disadvantages of Using Recruitment Software

Like any other tool, recruitment software can also have its drawbacks. One main disadvantage of using recruitment software is the cost associated with it. If you decide that it’s not worth the cost, you’ll be left with no way to source candidates. This might be fine for small businesses, but it might not be feasible for large organizations. Another disadvantage of using recruitment software is that it might not necessarily be the best option for every organization. For example, if you are an organization with a small job board and few internal candidates to source, recruitment software might not be an option for you.

Conclusion

As you can see, there are many advantages to using recruitment software. However, it’s important to remember that not every organization needs to use recruitment software. With the right software solution, you can still source candidates and provide a great employment experience for your employees. You can use Recruiterflow for best recruitment crm software services. With the right software, you can use your existing internal resources, such as your hiring managers, and online channels to source talent. In many ways, recruitment software can greatly simplify the process of attracting and screening candidates. It can also help you source candidates through various social media channels and job boards. However, the right software solution depends on your specific needs. If you’re interested in finding out more about how recruitment software can help your organization, make sure to reach out to the right solution provider.