The battle for the best talent is in full swing. Companies that want to compete for the most desirable candidates need an effective Applicant Management. In this article, you will learn everything you need to know to optimize the recruiting process and attract the best employees for your company.
Definition of Applicant Management
Applicant Management encompasses all methods, processes and systems that are used to efficiently and effectively search for and select new employees. The aim is to minimize the time and cost of the recruiting process while improving the quality of new hires.
The advantages of professional applicant management:
- Identify and attract the best talent faster
- Improved Candidate Experience
- Increased employer branding
- Reduced time and cost
- More efficient workforce planning
- Increased employee satisfaction
The most important tasks of applicant management:
- Needs analysis: Which positions need to be filled? What qualifications and skills are needed?
- Creation of job advertisements: Clear and concise description of the position and requirements
- Placement of job advertisements: selection of suitable channels and platforms
- Handling of applications: screening, pre-selection and evaluation of applicants
- Conducting job interviews: Professional and structured interviews
- Selection decision: Objective and transparent selection of the best candidates
- Onboarding: Onboarding and integration of new employees
Applicant Management vs. e-recruiting
The terms Applicant Management and e-recruiting are often used interchangeably. However, there is an important difference: Applicant Management covers the entire recruiting process, whereas e-recruiting refers to the use of software solutions to support applicant management.
Software solutions for the Applicant Management
A company must individually determine which reporting options and connectors are necessary. Nevertheless, most common applicant tracking systems (BMS) usually include the following standard functions.
- Job management / multiposting: Easily create and publish job advertisements on multiple portals
- Applicant management: Central storage and management of all application documents
- Pre-selection: Automatic filtering and pre-selection of applicants
- Communication: Professional and personalized communication with candidates
- Job interviews: scheduling and organizing interviews
- Reporting: Analysis and optimisation of the recruiting process
Choosing the right Applicant Management software
A Applicant Management system can help a company to optimize important aspects of applicant organization. However, the selection of the right Applicant Management software should be based on individual requirements.
When comparing Applicant Management software, it is advisable to clarify the following questions:
In which markets are you looking for applicants?
What challenges do you face in your own Applicant Management?
When choosing a BMS, you should consider the following criteria:
- Your Business Needs: What Features Do You Need?
- Ease of use: Easy to use for recruiters and applicants
- Integration: Ability to integrate with other HR systems
- Costs: budget and value for money
- Security: Privacy and data security
Result
A professional Applicant Management is a decisive factor for success in the competition for the best talent. By optimizing the recruiting process and using modern software solutions, you can save time and money, improve the quality of new hires and strengthen your company's employer brand.
