Estimated reading time: 4 minutes
Is talent sourcing a priority for your business? Are you struggling to find the top candidates? As a candidate, are you struggling to be seen?
The solution? – Data-driven candidate matching technology. Here are our top 5 ways candidate matching algorithms can revolutionize talent sourcing for both recruiters and job seekers alike.
1. Keep up with the competition
Artificial Intelligence has been adopted by 43% of HR departments globally. 41% of HR professionals use algorithms to identify best-fit candidates. And a further 38% plan to start soon.
With most companies using virtual recruiting and candidate matching, recruiters and job seekers don’t want to get left behind.
Using HR analytics allows recruiters to gain insights into the effectiveness of their recruitment processes. Data-driven candidate matching software can enhance many key hiring metrics. These include quality, cost and time to hire. Other benefits include:
- 75% reduction in cost per screen
- 34% decrease in employee turnover
- 4% increase in revenue per employee
2. Build a Candidate Persona to increase the quality of hire
Improving quality of hire is the top priority for recruiters. Followed by improving time to hire and growing a talent pipeline.
Here’s where Talentprise comes in. Talentprise is a smart talent sourcing and screening web platform. It enables recruiters to develop their ideal talent persona to identify their requirements. Talentprise develops a fully customized, proactive talent pipeline. It uses state-of-the-art, data-driven, Artificial Intelligence (AI) and Machine Learning (ML) technologies to match the best talent capabilities and quickly learn users’ preferences.
The intuitive candidate matching of Talentprise goes beyond just searching for a keyword or job title in resumes, probing much deeper into candidate profiles. Ensuring recruiters get the best-fit candidate in a short amount of time.
For jobseekers this means you can stand out from the crowd, showcasing your talents to the top employers. Whether you are an active or passive job seeker.
3. Intelligent Candidate Matching reduces time to hire
Artificial intelligence software uses a data-driven algorithm to screen and assess candidates. Using the ‘wish list data’ from the candidate persona, the software then searches for the best-fit candidates in the database. No more trawling through hundreds of CVs to find the best candidates.
On average HR Managers could save 14 hours per week by automating manual tasks. Just think of what you could do with an extra 14 hours a week!
Using AI candidate matching technology, Talentprise provides in-house verified candidate profiles, using qualitative data to give great matching results. Not only improving the quality of hiring and time to hire but also working for you as a digital headhunter.
Good news for job seekers too who can benefit from a reduced recruitment process time.
4. Be a proactive recruiter
Talentprise offers an AI-powered headhunter experience, sourcing the best matching candidates. Sourcing candidates for immediate vacancies and building talent pipelines for the future. Meaning you will always have a pool of qualified candidates ready for when you need it.
Candidates can add their information ready for when recruiters are searching. Plus, if you are shortlisted for a job, but don’t quite make the grade, your details will be saved for future opportunities.
Support diversity and inclusion
Recruiters can remove bias in the matching press by using data-driven candidate matching software. Making decisions based on candidate abilities rather than the colour of their skin. Other discriminatory biases.
Showing commitment to diversity is important to attracting talent. 76% of job-seekers consider a diverse workforce as an important factor when evaluating companies and job offers. Candidates can rest assured that the Talentprise matching system supports diversity and inclusion.
So there you have it, our Top 5 ways data-driven candidate matching software can improve talent sourcing. In the competitive world of talent acquisition, make sure you don’t miss out on the top people. And for candidates, make sure you are seen by the best companies.
Talentprise is not a hiring website or job board platform, it doesn’t offer job listing. it offers unique online talent management for recruiters and candidates.
Sign up for a Talentprise account today to get immediate access to this tremendous talent sourcing experience.