What Is Talent Acquisition Software?

The business world looks quite different in 2021 than it did in the past. With these changes comes a need to modernize the standard approach to recruiting top talent to fill much- needed positions.

As businesses compete to find that top talent and secure the most qualified candidates, they might come across a software that streamlines the entire recruiting and hiring process: talent acquisition software. So, what is talent acquisition software? It not only increases your business’ outreach when it comes to filling positions, but improves the recruitment process entirely.

Here are some of the key benefits of talent acquisition software and how it can help you bolster your search for top-notch candidates for every department:

1. Data Collection

Talent acquisition software makes the recruitment process easier by storing all potential candidates’ information in one place.

For example, employers might have candidates fill out the application, upload resumes and cover letters, and fill out surveys all through the software. The employer can pull up this information during the hiring process or interview and have it all together.

You can also integrate talent acquisition software with many other well-used platforms, such as your own website and other job boards. This easy connectivity allows for one streamline hiring process across all of the channels.

Finally, most programs allow you to see how many people viewed your job positions and how many people actually applied.

2. Communication

Too often, candidates find themselves mystified by the hiring process. They submit applications to countless jobs, hoping that something will prove successful. Beyond that, they may be left wondering what goes on behind the scenes. For example, who is looking at their application and what is that person looking for?

Talent acquisition software helps demystify the process.

With talent acquisition software, candidates can see when their application has been submitted, as well as if it is under review. Your business can also set up automated response emails to candidates to let them know that their application has been submitted.

This takes a lot of the guesswork out for candidates by letting them know where their application currently stands. 

3. Access to Quality Candidates

One of the greatest advantages of utilizing talent acquisition software is that it is easier to find higher quality candidates. Hiring managers can narrow down the candidate pool by filtering resumes by keywords. This way, you don’t have to waste time looking at applicants who simply do not possess the right qualifications.

Talent acquisition software also gives the option for candidates to provide an employee referral. According to one study, 46% of candidates who were referred to a company through an employee stayed with the company for three or more years. Only 14% of people who were sourced through a job board alone stayed for three or more years.

Conclusion: Talent Acquisition Software Comes Out On Top

Needless to say, talent acquisition software is a great way for your business to streamline the application process across all channels, improve communication with candidates, and find higher quality talent.

This has never been more important than now because of the employee shortage caused by the COVID-19 pandemic that has already hurt businesses so much.

By investing in talent acquisition software, you are investing in your company’s future and ensuring that you can build a consistently robust team of employees.