It’s Tougher Than Ever to Find Candidates

Small Businesses can use HR Technology to Counteract a Shrinking Job Market 

The job market is tightening considerably due to falling unemployment and longer vacancy durations. According to an article published by Business Insider, “It’s never taken longer for US businesses to fill a job opening”, the number of job openings in America is the highest it’s ever been, leading to a record-breaking amount of time to fill vacant positions, 29 days in July (according to Dice Holdings’ DHI – DFH Mean Vacancy Duration measure ).

This means it’s harder than ever before to find and hire any candidate let alone the best. This is especially true for small businesses, with slim or non-existent HR support and fewer resources. Small businesses are left to rely on inefficient, manual recruiting methods that slow down that hiring process even more.

So in this current economic environment, what can small businesses do to minimize the effects of the shrinking job market while improving the overall efficiency of their hiring process and recruiting the best employees?

HR technology, more specifically an Applicant Tracking System ( ATS ), is designed to help improve the overall efficiency of your hiring process and make finding and hiring candidates easier. Here are 5 benefits of using an ATS for small businesses:

1. Using an ATS translates into a 30% time saving during the hiring process
2. Automates the hiring process and eliminates stacks of resumes sifting through stacks of resumes. An ATS can automatically screen out applicants that don’t meet targeted criteria, making it easy to identify the best candidates
3. Eliminates the need to log into several sites to update job postings. Update a job posting once and it’s updated across all job boards
4. Communicate more efficiently with features that allow users to track communications and feedback by candidates and keep the entire team involved with shared notes

All of these benefits translate into an increased time to hire, and an ultimately more efficient hiring process. With so many options on the market, choosing an ATS can be an overwhelming process as well. Find out what you should consider when choosing an ATS.

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