The US staffing industry is vast and diverse. The large talent pool makes staffing a lengthy process, taking around 36 working days per hire on average. On the other side of the spectrum, a job typically attracts 250 resumes, of which 4-6 are selected for interviews and later stages of hiring. Add to this the increased need for diversity, equality, and inclusion across the hiring process and the workforce - and one can see why over 98% of Fortune 500 companies use recruitment softwares of some kind in their staffing process.
Driven by technologies like Artificial Intelligence (AI), these software solutions often come bundled with their candidate resource management (CRM) and applicant tracking systems (ATS) that automate the hiring process end-to-end. From advertising the vacancy on job boards and gathering candidate data and storing them in central repositories, to running analytics and bringing out valuable insights and re-engagement with applicants using automated email reachouts- a recruitment software can do it all. It even reduces labor costs and increases efficiency by automating a lot of tedious substeps. In this article, we’ll take a look at why recruitment software is pivotal for mid-sized staffing firms in the US.
For mid-sized recruitment firms, recruiting software has many benefits, including:
A small-scale recruitment agency deals with niche staffing, often in industries with limited talent pools. These firms are often run by a few people and tackle market segments that do not need rapid scalability. Being small, they can be better attuned to organizational needs and changes across the board can happen very quickly. Small-scale agencies are also cheaper to recruit for organizations.
Mid-scale agencies, as the name suggests, are between small and large-scale hiring firms. They offer the best of both worlds - the ability to scale up or down according to recruitment demands, and the tenacity to effect changes across the board quickly and align themselves to an organization’s goals. They can assimilate new technologies (like AI-driven parsing) faster than large organizations that have intricate hierarchical structures and often take a long time to adapt to newer standards.
Let’s look at some recruitment software leaders who currently operate in the US market:
Longlist is a Chrome browser extension built for easy re-engagement and collaboration between a recruiter and its clients or candidates. It can store candidate data from job applications and build a talent database and provide you with the contact details of an applicant at the click of a button. While it has a mini-CRM of its own, Longlist can also integrate with your existing ATS or CRM products to effect changes across all systems simultaneously.
It also integrates with job boards like LinkedIn and Glassdoor for smooth, seamless job posting and response collection. Longlist contains a powerful parsing engine that works with your existing inbox to automate replies and reach outs. Lastly, Longlist has a laundry list of reporting features, an easy-to-use UI, and an innovative visual approach to hiring.
Zoho Recruit is a cloud-based, software-as-a-service (SaaS) solution that primarily works as an ATS for corporate HRs, recruitment agencies, and temporary workforce. The biggest plus point for Zoho is its integration with multiple premium job boards like Indeed, Monster, and LinkedIn - for seamless job adverts and a response collection framework. It can also sort and analyze candidate data from its database to give you handy profile recommendations on a per-job basis.
CEIPAL is ideally suited for startups. It is a 360-degree staffing platform that integrates with over 50 job boards, and like others in this list, has AI capabilities to parse the talent database and give you customized recommendations. This has been shown to increase candidate sourcing by 70%. CEIPAL comes with an exhaustive library that contains step-by-step instructions to create your custom hiring process.
Recruit CRM fast-tracks your hiring process by bringing its own ATS and CRM out of the box. A powerful parser leads the fray - with automated inbox scanning, reach outs, and follow-ups up its sleeve. Add to that AI-based recommendation and the ability to customize your hiring process, and you have capable recruitment software in your hands. Present in 75+ countries, Recruit CRM has a truly global presence as a brand.
Recruitment software is here to stay. The way forward is the infusion of more cutting-edge technologies into the ATS and CRM scene. As machine learning and artificial intelligence algorithms mature and develop, the hiring process reliant on them will get more stable, geared towards diversity and inclusion, and free of human bias.
For mid-sized staffing agencies in a large market like the US, investing in good, scalable recruitment software is the need of the hour. As more competition floods the recruitment arena, it is important to stand out amidst them with your innovative approach to quality hiring. Lightweight, AI-driven software like Longlist’s is perfect for that need. It has a Chrome browser extension with a mini-CRM, a powerful parsing engine, and the ability to integrate with other CRM/ATS solutions and multiple paid and free job boards for automated re-engagement and reach outs sound like a winning formula. Interested? Signup a free trial now!