At Wrkit, our mission is to help organisations cultivate happy, healthier working environments, to strengthen and retain a talented workforce. We know an important element of retention starts with attracting the right candidates and finding the right fit for your company. With that in mind we have teamed up with recruitment software company, BidRecruit, to help you hire smarter. BidRecruit simplify difficult & time-consuming tasks so you can focus on finding the right person. In this series of blogs we will discuss current recruitment trends and tips and tools available to you to enhance your recruitment.
Q1: Tell us about BidRecruit
BidRecruit was founded in 2016 by 2 recruitment specialists who saw a gap in the market and knew there was an easier, more efficient way to hire. BidRecruit utilises the principle of 3 steps to successful hiring: engage, manage, report. Our software allows you to post a job across all major job boards, social media and your careers page in one easy step. Then with our A.I. technology and automation we have streamlined the complete hiring process from scoring and matching CVs to interview scheduling and team collaboration. Also, an important element of our software is the ability to analyse how you hire, improving the process whilst making real savings. Our clients have seen a 50% reduction in hiring admin and up to 75% savings on recruitment costs. Most importantly, our clients have seen a genuine improvement in the quality of candidates and people they hire.
Q2: What are the biggest challenges your clients face when hiring?
For nearly all of our clients, the number one challenge they face is candidate volume & quality. We are now in a candidate driven market, with 70% of candidates being passive job seekers i.e. they’re not even looking for a job! Therefore to attract the right talent, you need to be seen. As our software allows you to post to every major job board, social media and your careers pages, we are giving your roles more exposure. Where one job board might be effective for one role, it may not be the case for another. When it comes to recruitment it’s not a “one size fits all” and we have a way to combat that. Further to this, how people hire has to change and adapt, the old method of recruitment is outdated and very time intensive, many HR Managers state that recruitment is 25% of their job but takes up 95% of their time! There is an imperative need to improve efficiency, allowing more time to focus on employee engagement and retention.
Q3: What trends in recruitment do you see growing in 2019?
Definitely companies embracing A.I. and automation to recruit is the biggest trend we see growing in 2019. This is in large part due to the above points, to save time and to increase candidate quality & volume. Further to this, it helps you to hire smarter. Use of A.I. & automation allows you to take back more control of the important ‘human’ elements of hiring. Removing admin during recruitment allows you to focus on interviewing, researching and considering the most suitable candidates. Another area of focus in 2019 is candidate experience. With review platforms like Glassdoor and Indeed becoming increasingly popular, companies have to ensure candidates feel positively about their experience irrespective of their hiring success. As a recent LinkedIn survey reported, 83% of talent says a negative interview experience can change their mind about a role or company they once liked. Where a lot of companies fall down is a lack of communication at screening and interviewing stage. For many hiring managers and HR departments this is of course not intentional but due to time constraints when replying to all candidates. Again, automation is an excellent way to overcome this issue as it allows you to instantly communicate with multiple candidates, therefore improving candidate experience.
Q4: What tip would you give to hiring or HR managers looking to invest in HR software?
Do your homework on what you actually need. Where companies might not see the value in recruitment software due to tight budgets, if you hire more than 5 people a year you definitely would see the benefits of software. Do the maths on the cost per hire i.e. recruitment and social marketing costs, potential recruiter costs, sponsored job boards, onboarding & training costs, benefits, relocation costs etc. You would be surprised how much it is costing you to hire and where you are possibly investing money in the wrong places. The best place to start is with your HR team, survey the team to ascertain where their pain points are, where they need to see improvements and what their goals and objectives are for the year. Where your company may not have had the capacity to focus on employee engagement previously, taking on recruitment software and investing in employee engagement strategies combined can drastically improve the quality of new hires and your employee retention rate.
Join us next time where we will discuss in more detail the importance of candidate experience when hiring and our top tips to ensure your hiring experience is at its best.
Susan Comyn, Marketing Manager @ BidRecruit
BidRecruit is A.I. driven recruitment software for HR & Hiring Managers to help you hire smarter.