How’s hiring going at your company? No matter the industry, location or type of job, employers must rethink recruitment. This is the result of many things: lots of new job creation, low unemployment, employees desiring more meaningful work, labor participation rates remaining below pre-pandemic levels and the fallout from the Great Resignation.
This is a mix of new and known challenges, but one thing is certain: You can’t address today’s workforce gaps with yesterday’s strategy. It’s time for a change, and job-matching software is a new opportunity to build your talent pipeline with qualified candidates.
The traditional recruitment process isn’t working.
Remaining within the parameters of what you know about hiring could be derailing your ability to find ideal candidates. You can look at your data right now on job openings, the number of applicants, cost per hire and other metrics, but this data most likely paints the story that your hiring isn’t working effectively.
The resume game is getting old for everyone.
The resume game has passed its prime; job seekers are tired of all the work that goes into applications that never seem to go anywhere. And on your side, sifting through resumes isn’t giving you a complete picture of a person. If you use an applicant tracking system (ATS), you can employ some automation.
However, most ATS platforms only use rudimentary artificial intelligence (AI) to identify resumes with certain keywords. You’ll have fewer resumes to go through, but you may be missing out on great people who just didn’t use the right term!
Job boards aren’t providing much value.
Throwing more money into job boards will only raise your average cost per hire, and there’s no guarantee that it will show results. Every other employer needing candidates in your field is doing the same thing.
Outsourcing is expensive and ineffective.
Outsourcing hiring to recruitment firms is another money pit, and these professionals don’t always have the best reputation with candidates or employers. The biggest reason is that they focus on filling the role — not finding the right person. They don’t know your culture, needs and strengths. Instead, they look at keywords in a job profile and spam every person in their database that has those keywords in their resume.
Candidate experience matters in the competitive hiring landscape.
If you find candidates you’re interested in, you had better act fast and deliver a great experience. Recruitment has many pieces to it, and if you fail to communicate, highlight your company’s culture in a meaningful way, showcase the potential for growth or streamline the process, you could lose out on excellent people. In fact, 52% of people would refuse an otherwise attractive job offer if their experience during recruitment was poor.
Get more insights on finding talent for your company by watching the video below.
All these things aren’t working, but you have the opportunity to change the story.
Job-matching software is the transition that works for today and tomorrow.
By using job-matching software, you can reimagine how you hire in an environment where resumes, applications and traditional processes don’t exist.
How does it work?
Job-matching software uses AI and machine learning algorithms to match your job profile to talent profiles based on their attributes, abilities and attitudes. It’s more advanced than resume-based AI matching because it:
- Goes beyond exact matches of keywords to look for similar phrases.
- Connects skill lists in a candidate's profile to those required for your role.
- Combines data from human and technical points.
Skills-based hiring is the future.
This type of skills matching is much more accurate and fine-tuned than resume matching. It can help your organization adapt to skills-based hiring. It shifts the emphasis from traditional recruitment, which has a narrow perspective on qualifications related to education, credentials or prior experience. This approach instead focuses on a person having specific competencies and skills. You’re able to look at people more holistically rather than what’s on a sheet of paper.
You expand your talent pool and can find those with great potential who may need to develop a skill. Those candidates can then learn that skill and be ready for the role, which keeps your pipeline full.
Candidate-matching software also streamlines the process, ensuring communication is bidirectional and consistent.
This results in better hires, reduced cost per hire, a more efficient process and a means to measure it.
Explore how job-matching software can revolutionize how you hire by booking a meeting with our team.
