Aptitude Research publishes an annual Talent Acquisition Buyer's Guide. Per their description:
This report is the definitive guide for companies looking to navigate the talent acquisition (TA) technology landscape and improve the way they evaluate providers. It serves as a resource for anyone interested in learning more about the trends impacting technology and the requirements critical to making decisions. It is designed to help companies look at the big picture of technology and plan for the next 12 to 18 months.
It’s a comprehensive, incredibly valuable report we at HiringThing utilize to gauge the talent acquisition technology landscape. 2023’s version is robust as ever, clocking in at 60 pages. We know not everyone has the time to dig into that lengthy of a read on top of their other professional responsibilities, so we wanted to share the insights we found most helpful.
According to the Society for Human Resource Management (SHRM), talent acquisition deals with “the strategies, tactics, and processes for identifying, recruiting, and retaining the human resources a company needs” for sourcing, recruiting, hiring, and orienting talent. That includes technology that helps with recruitment marketing, onboarding technology, learning management systems, and applicant tracking systems, like the one we develop and run here at HiringThing.
Our Takeaway: Hiring is a top challenge right now and businesses are investing to solve that challenge.
Our Takeaways:
The top reasons companies invest in HR tech include:
*In both 2021, and 2022, efficiency was the top reason for investing in talent acquisition technology.
Our Takeaway: Quality of hires is the key reason for investing in HR tech, and 78.5% of applicant tracking system users say ATS usage has improved the quality of their hires.
Our Takeaways:
HiringThing is the purveyor of a private label applicant tracking system—businesses purchase and customize our ATS to their specifications and then sell it to customers as a proprietary, in-demand solution. Want to know more? Set up a chat with one of our business development representatives to see if a high-functioning ATS can help grow your organization.
HiringThing is a modern recruiting platform as a service that creates seamless hiring experiences. Our private label applicant tracking system and open API enable technology and service providers to embed hiring capabilities from sourcing to onboarding. Approachable and adaptable, the platform empowers anyone, anywhere, to hire their dream team.