Efficient Recruitment
Recruiting and retaining talent maintains a top-of-mind subject for any leader. Recruitment consumes time and resources from both HR and industry leaders. When thinking of the window of opportunity for recruitment, leaders need to reduce the time spent on three stages of recruitment.
- Sourcing
- Screening
- Feedback
Sourcing
Data-driven recruitment provides data on the performance of various recruitment channels. Data on performance indicators such as retention, quality of applicants, and conversion success rates give insight into which recruitment channel you should invest your time in.
Screening
Companies adopt automated forms of screening to recruit higher-quality candidates, reduce hiring time, and improve candidate experience. Data science incorporates multiple data sources, including social media, corporate databases, and job sites, to create a comprehensive candidate profile.
Utilizing the power of data, you’ll find candidates who fit your job description and company culture with greater efficiency and precision.
Feedback
In traditional forms of recruitment, the usefulness of an applicant tracking system dwindles once after hiring the candidate. Hiring managers and recruiters leave the data in the applicant tracking system and hardly look back.
With cloud services pushing new products, the time for when data between the recruitment and offboard cycle stores itself onto one system draws closer. Having all the data in one place opens the door for data science to provide effective feedback and insight to industry leaders on improving the hiring process.
Data-driven recruitment hinges on the growth of data science and analytics. Looking forward, it provides a window for optimizing the recruitment process for higher retention, better-fit candidates, and lower recruitment costs.