What is Data-Driven Recruiting and How to Use it Effectively?

Before we get into the details of data-driven recruitment, we’d like to ask you one thing, what are your go-to recruitment methods?

If you answered "manual resume assessment and leading with your gut feeling", you’re not alone. And you aren’t right, either.

This approach is not just inefficient but also time-consuming and a waste of money.

The correct answer, in today’s technology-savvy world, is Data-Driven Recruitment.

It is a procedure where the recruiter or HR analyses all the stats, facts, and figures to find the appropriate candidates and make hiring efficient.

Keep scrolling to understand how data ease recruitment and gives effective results.

Benefits of Data-Driven Recruitment

As an employer or HR, your job is to find the best candidates with good skill sets and sound knowledge about their field. And the most efficient method for attaining that goal is data-driven recruitment; here are the reasons:

  1. Unbiased Results

The usual strategies for hiring candidates are interviews, group discussions, and tests. Almost all of these procedures are about the impressiveness of the candidate rather than their ability to work. However, data help you shortlist the candidates according to their skills, qualification, work experience, area of expertise, and several other factors. With different screening levels, you can ensure that you hired people with desired qualities.

  1. Time Management

All HRs and hiring managers know that recruitment is a time-consuming process. You start with finding matching profiles, scheduling and conducting interviews, tests, and end up with trusting your instincts. However, if you have a data-based strategy, you save a lot of time. All you have to do is collect the necessary data, analyze it and narrow it down to the best candidates.

  1. Financial Benefit

When you conduct data-driven recruitment, you can use the budget systematically without any wastage. The rightly planned procedure and systematically organized plans will help you understand unnecessary expenditures. That way, you can use your budget for effective techniques such as getting Talentera, an effective applicant tracking system, instead of wasting it.

  1. Quality of Candidates Over Quantity

You will get many applications for a single vacant position in your company. From that, you must scoop out the creamy layer, the candidates capable of the job, for the post. The data-based strategy helps you filter them based on the desired skills and other qualities you are looking for.

  1. Get Insights

Insights are the best way to analyze the progress and benefits of any activity. It is the same in the case of recruitments; insights at the right time can help you analyze your miscalculations as well as your progress. It will be beneficial in planning the subsequent recruitments and choosing suitable candidates. The data-based analysis is the only way to get insights for recruitment.

  1. Crisp Prediction about Recruitment

What makes the recruiter an asset for the employer is the clear-cut predictions about the process. HR should have a clear understanding of the duration, expenditure, and result of the procedure. Having necessary data will supplement in forecasting your recruitment performance. Thus, you will have more chances of error-free operations and help you reach your goals.

How to Use Data for Recruitment?

Now you know why you should rely on data for recruitment. Still, do you know what data to use and how to use it?

Here is the list of data that you should use to increase the efficiency of the procedure:

  • Time: The time required for hiring, acceptance, and time taken for every process step.
  • Quality: Details including acceptance rate, source of hire, applicants per job, number of the candidate hired, and retention date.
  • Finance: Cost per hire, cost efficiency of advertisements, and applicants per channel.

To increase the efficiency of the process, use hiring software or applicant tracking software (ATS). Then understand your requirement and use the relevant data from above to draw a conclusion and get your candidate.

Hire Right!

Being a recruiter, it is your job to track suitable candidates and bring them to your firm. Rely on data and use Talentera, an effective applicant tracking system, to ensure the right hire. Talentera brings to you candidates that match your requirements and simplify the whole recruitment process.

So, stop stressing about recruitment and hire the right candidate.

Megha Shabrwal
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