What is Talent Acquisition?<\/h2>\n
Talent acquisition is the function of hiring, engaging and retaining the necessary work force to accomplish a company’s goals and strategy. People or talent play a major role in the future success of an organization and talent acquisition is the ongoing process to recruit, vet, hire and onboard candidates. An applicant tracking system or ATS provides a easy and fast way to track candidate throughout the hiring process.<\/p>\n
Why Use an Applicant Tracking System?<\/h2>\n
Your best employees are your future \u2013 keep them longer and grow them into superstars.<\/p>\n
Losing great employees is one of the worst things that can happen to your business, yet a Harvard Business School study found 1 in 3 new hires look for a new job during their first six months of coming onboard. For those who leave, the employee turnover costs range between 100% and 300% of the replaced employee\u2019s salary. So the way you hire and onboard talent is critical.<\/p>\n
Here are reasons your applicant hiring process needs to be optimal:<\/p>\n
- \n
- Don\u2019t let your application process drive good candidates away. More than 60% of applicants will start an online application but leave without finishing it. And there\u2019s even more who never see your posting to begin with.<\/li>\n
- 59% of candidates have abandoned an online application due to issues or bugs on the website (ICIMS, 2017).<\/li>\n
- According to the recent Future of Recruiting study, virtual recruiting is here to stay. Eighty-one percent of talent professionals agree virtual recruiting will continue post-COVID. Further reinforcing its importance, 70% say virtual recruiting will become the new standard.<\/li>\n
- A Jobvite survey of 800 recruiters and HR professionals revealed hiring in a pandemic has made work stressful for most recruiters (61%), as employers switch priorities in this climate. According to the survey, the top five recruiting priorities in the next 12 months are:<\/li>\n<\/ul>\n
- \n
- Improving quality of hire (52%)<\/li>\n
- Increasing retention rate (24%)<\/li>\n
- Inclusivity hiring (22%)<\/li>\n<\/ol>\n
- \n
- Remote work is here to stay: The top keyword search from candidates on Monster over the past few months continues to be \u201cwork from home.\u201d Plus, according to other Monster research, remote flexibility was the second biggest policy change reported by employers in 2020.\n
- \n
- TIP: If you can support remote workers, it\u2019s important to have the tools to conduct all aspects of recruitment and hiring remotely.<\/em><\/li>\n<\/ul>\n<\/li>\n
- Technologies such as social media, video, and applicant tracking software help speed up the hiring process. Likewise, candidates use technology such as recruitment sites and social media to discover and apply for jobs.<\/li>\n
- 60% of people look for jobs using social professional networks (56%) and word of mouth (50%) (LinkedIn).<\/li>\n
- 79% of job seekers say they are likely to use social media in searching for jobs (Career Builder, 2018).<\/li>\n<\/ul>\n
Recruiter-candidate communication is a very critical component of the hiring process. Poor communication can fail to close the hiring loop as candidates can become frustrated with the process. Frustration, in turn, could result in candidates refusing to take the job. In a nutshell, poor communication can make you miss out on top talent.<\/p>\n
52% of job hunters say a lack of response from employers is their biggest frustration (Websolutions, 2020).<\/p>\n
53% of job hunters want recruiters to clearly explain expectations in the job description (Career Builder, 2017).<\/p>\n
Hiring new employees often takes up a lot of time for HR and recruiting professionals. Between requisitions, approval processes, posting listings and tracking applicants, filling just one position may take hours. And when you have multiple jobs to fill, the process quickly becomes complicated.<\/p>\n
isolved\u00ae simplifies the process from start to finish. Save valuable time by using templates and the ability to post to multiple job boards at once. Then rate each applicant and move them along the path quickly so you can get to that top talent with ease.<\/p>\n
Talent Acquisition vs. Recruitment<\/h3>\n
Successful companies recognize that talent acquisition is more than just recruitment.\u00a0To attract top talent a long-term strategy is needed that looks at how to efficiently attract, hire and retain employees.\u00a0It requires continuous efforts to network and nurture relationships with top talent and maintaining a healthy company culture.\u00a0Reviewing the process from the job applicants perspective to make sure that the experience is smooth and timely will insure the company will fulfill its talent goals.<\/p>\n
Benefits of Applicant Tracking System for Talent Acquisition:<\/h3>\n
- \n
- Better manage the entire hiring process<\/li>\n
- Drastically reduce the time spent posting and filling new positions<\/li>\n
- Store job description templates<\/li>\n
- Create and manage custom questions for applicants<\/li>\n
- Post to hundreds of job boards with a single click<\/li>\n
- Provide collaboration across hiring teams<\/li>\n
- Increase your applicant pool by using available features designed to improve your job posts<\/li>\n
- Easily review and filter applicants<\/li>\n<\/ul>\n
Our applicant tracking system makes it easy to leverage employee referrals, customize application and interview questions, filter through candidates, and conduct interviews, getting you to the right candidates to fill your positions. Transform the way you bring on new staff members.<\/p>\n
You\u2019ll be surprised at the savings you\u2019ll get with a fully integrated HCM solution. But don\u2019t take our word for it \u2013 use this HCM ROI calculator<\/a> to see how much you can save each year by using our HCM solution instead of doing it all on your own.<\/p>\n
Request a free consultation and demo<\/a> to learn more about how this talent acquisition technology can help your business grow.<\/p>\n<\/div>\n
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<\/a><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
What is Talent Acquisition? Talent acquisition is the function of hiring, engaging and retaining the necessary work force to accomplish a company’s goals and strategy. People or talent play a major role in the future success of an organization and talent acquisition is the ongoing process to recruit, vet, hire and onboard candidates. An applicant […]<\/p>\n","protected":false},"author":7,"featured_media":0,"parent":2859,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"
Your Job is About to Get a Lot Easier!<\/span><\/div>\r\nIntegrated with GTM\u2019s Payroll Processing System, our labor management tool is a powerful, full-featured Payroll-HRIS platform which allows payroll clients powerful \u201crecruitment to retirement\u201d reporting and capabilities when managing their employees. The system can be implemented quickly, and does not require you to invest in any hardware or software. All your HR and benefits data are consolidated into a single system, allowing you to manage benefits and all other relevant HR information in one convenient, centralized location.\r\n\r\nIdeal for medium to large-sized businesses, our HRIS features include:\r\n\r\n[accordion title=\"Employee Portal\" style=\"default-style\"]The Employee Portal makes it convenient for your employees to manage their benefits and other HR-related information in real time through one central web-based system that they can access from anywhere.\r\n- \r\n\t
- Lets employees easily enroll in or change all aspects of their benefits and other HR-related information, and allows them to compare, analyze and check costs prior to benefits enrollment.<\/li>\r\n\t
- Allows employees to view plans from different benefit providers, and provides them with a consolidated benefits summary report that includes the coverage they selected and the associated costs.<\/li>\r\n\t
- Lets employees view the value of their compensation package with Personalized Total Compensation Statements.<\/li>\r\n\t
- Is easily configurable to include the features and content most relevant to your company.<\/li>\r\n<\/ul>\r\n[\/accordion]\r\n\r\n[accordion title=\"Benefits Management\" style=\"default-style\"]The Benefits Management feature lets you manage all aspects of employee benefits.\r\n
- \r\n\t
- Allows your employees to enroll in and administer their benefits information in one central system.<\/li>\r\n\t
- Allows you to approve and manage employee benefit information online.<\/li>\r\n\t
- Provides employees with a benefit summary statement after they enroll in or change their benefits.<\/li>\r\n\t
- Makes it easy for you to reconcile premium bills.<\/li>\r\n\t
- Automatically exports benefits data to your carriers.<\/li>\r\n\t
- Automatically sends benefit deductions to your payroll system.<\/li>\r\n<\/ul>\r\n[\/accordion]\r\n\r\n[accordion title=\"Time Off Tracking\" style=\"default-style\"]Time Off Tracking is a simple, yet powerful, mechanism you can use to\r\ndefine how employees earn time off and track the usage of it.\r\n
- \r\n\t
- Lets your employees easily make time off requests and view available time off balances directly from the Employee Portal.<\/li>\r\n\t
- Automatically routes time off requests to the appropriate manager for approval.<\/li>\r\n<\/ul>\r\n[\/accordion]\r\n\r\n[accordion title=\"Time and Attendance\" style=\"default-style\"]Time and Attendance allows you and your employees to easily track employee work hours and projects.\r\n
- \r\n\t
- Assures that employees follow related procedures and policies.<\/li>\r\n\t
- Lets you mix and match time collection methods, from computer to time clock to kiosk, so you can properly manage your entire workforce.<\/li>\r\n\t
- Choose between \u201cclock in\/clock out\u201d time tracking or project-based \u201ctimesheet\u201d reporting for employees entering their time through the Employee Portal.<\/li>\r\n\t
- Time Clock and Kiosk time entry methods accommodate employees without computers and those in remote work locations.<\/li>\r\n\t
- Lets you easily export time and attendance data to your external payroll system.<\/li>\r\n\t
- Lets you analyze time and attendance data across time or by a variety of other factors.<\/li>\r\n<\/ul>\r\n[\/accordion]\r\n\r\n[accordion title=\"Applicant Tracking\" style=\"default-style\"]Applicant Tracking lets you easily manage the talent acquisition process.\r\n
- \r\n\t
- Allows you to create job postings and view all jobs in one centralized location.<\/li>\r\n\t
- Allows you to centralize applicant information from all external job boards into one convenient place.<\/li>\r\n\t
- Provides your applicants with a professional-looking site for searching and applying for jobs.<\/li>\r\n\t
- Lets you easily view and compare applicant profiles according to job requisition.<\/li>\r\n\t
- Keeps track of your interviews, and allows you to track applicant status from start to finish.<\/li>\r\n<\/ul>\r\n[\/accordion]\r\n\r\n[accordion title=\"Performance Management\" style=\"default-style\"]Performance Management lets you easily complete employee reviews, managerial reviews and 360 degree reviews.\r\n
- \r\n\t
- Allows you to automate the employee review process, and eliminates the need for paper-based review forms.<\/li>\r\n\t
- Makes it easy for you to track historical reviews against your employees.<\/li>\r\n\t
- Lets you assign measurable goals to your employees that are visible to others, and allows you to easily monitor employee progress against the goals you set.<\/li>\r\n\t
- Allows employees to set their own goals and track their progress against those goals.<\/li>\r\n\t
- Provides you with built-in routing and approval processes.<\/li>\r\n\t
- Powerful trend reports allow you to see employee performance improvement over time.<\/li>\r\n<\/ul>\r\n\u00a0\r\n\r\n[\/accordion]\r\n\r\n[accordion title=\"Workflow Management\" style=\"default-style\"]Workflow Management makes it possible for you to efficiently track and manage workflows and their associated tasks.\r\n
- \r\n\t
- Lets you define the necessary tasks involved in workflows, and assigns those tasks to the appropriate employees.<\/li>\r\n\t
- Includes a dashboard that allows you to conveniently analyze workflows.<\/li>\r\n<\/ul>\r\n[\/accordion]\r\n\r\n\u00a0\r\n\r\nContact Us<\/a> today to schedule a live demo and experience our exciting technology. You'll be surprised by how quickly and affordably our HRIS can redefine your perception of what HR software can do. We make it easy for you!\r\n\r\nDowload our HRIS information sheet<\/a> to learn more.","_et_gb_content_width":"","footnotes":""},"folder":[149],"class_list":["post-5429","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/pages\/5429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/comments?post=5429"}],"version-history":[{"count":5,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/pages\/5429\/revisions"}],"predecessor-version":[{"id":16964,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/pages\/5429\/revisions\/16964"}],"up":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/pages\/2859"}],"wp:attachment":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/media?parent=5429"}],"wp:term":[{"taxonomy":"folder","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/folder?post=5429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- TIP: If you can support remote workers, it\u2019s important to have the tools to conduct all aspects of recruitment and hiring remotely.<\/em><\/li>\n<\/ul>\n<\/li>\n
- Remote work is here to stay: The top keyword search from candidates on Monster over the past few months continues to be \u201cwork from home.\u201d Plus, according to other Monster research, remote flexibility was the second biggest policy change reported by employers in 2020.\n