Staffing agencies cannot afford to move slowly in a candidate-driven market. Some of the organizations worry that hiring fast can lead to wrong decisions and low quality of candidates. However, with the right technology at hand, recruiters can hire quickly and efficiently, without compromising the hiring quality. Speed-to-hire is critical for staffing firms because there is a chance of losing revenue if their top talent is placed elsewhere. Hence, staffing firms need to be committed to speed and reducing time-to-fill.
Right now is a critical time for many sectors in staffing, like healthcare and nurse recruiting, which are experiencing unprecedented demand. Some of the staffing firms are making the most of advanced technology and winning an extra edge in the market, whereas others are just watching the game unfold traditionally.
The right ATS can up your game and help increase your speed-to-hire. Here’s how:
Editable Deal Sheets
Let’s start with the least talked about process within a staffing firm but one that involves a lot of work and complex calculations. This in particular is most relevant for healthcare staffing firms.
While closing a job, recruiters need to confirm rates for both candidates and clients, while also adhering to contractual rates and ensuring profitability for the firm. A good ATS usually has Deal Sheets templates and recruiters can easily perform these calculations to determine rates and margins. They can be configured for every client or job and recruiters can change burden types or rules for each one of them.
A good ATS will also have the ability to send Pay Packages, every time a job is created. Deal Sheets with Pay Packages help increase speed-to-market and make placements more profitable.
Click here to learn about TargetRecruit Deal Sheets with Pay Packages.
Faster Candidate Search
Finding the right candidates quickly is the key to lowering time-to-fill as you can quickly submit candidates to your clients against a job order and ahead of the competition. Some of the best ATS solutions have a Heat Map feature that can help you perform candidate searches and display the results graphically on a map, so the consultant can easily view location and travel options. All the candidates can be viewed against a job or a skill on a map for faster selection. The candidates can even be color-coded using certain business rules, so for example the candidate which has certain qualifications or the required compliance can be seen as green and those less suitable as red.
Now what the recruiter has to do is to preview the candidate profile and approve or reject it, or mass mail the relevant candidates to determine their availability and interest. A task that takes hours for a recruiter may take 20-30 min, obviously depending on the number of candidates you are reviewing. Achieving better speed-to-hire becomes easy with ATS solutions that support these features…