How Your Tech Stack Can Help You Hire Top Talent
A version of this article is published on The HackerEarth Blog.
The great resignation has been on the minds of many IT organizations and their business leaders ever since nearly 4 million people quit their jobs back in November 2021. Consequently, hiring talented tech talent has become a lot harder than before.
Will 2022 break away from this trend wonder recruiters across the globe. Instead of waiting for the tide to turn, why not step up your game — invest in a recruitment tech stack that turns heads and helps you attract the very best talent out there?
The right recruiting software mix will help you streamline your entire recruiting life cycle, create a strong brand recall, and have potential candidates be excited about working with your company!
On that note, let’s look at what tech stacks are and how do you choose one that caters to all your needs.
What is a recruitment tech stack?
A tech stack is a collection of technologies that are used to create a product or service. A recruitment tech stack would consist of a set of automated tools and technologies for every step of the hiring process — right from sourcing to onboarding. Your tech stack should have strong built-in analytics, seamless integrations with other apps, and be mobile-friendly.
We are talking sourcing tools, applicant tracking systems, screening and assessment software, engagement tools, coding interview platforms, automated background checks, onboarding software, and so on.
However, your recruitment strategy might not require all of these tools. There is no silver bullet that works best for everyone. The modern recruiter is always trying out new technologies to see what combination of resources suits their ever-changing needs.
Having said that, to stay relevant in this post-pandemic world, you need to prepare your recruitment tech stacks for the new normal, which is mostly remote. Be equipped to conduct fully remote hiring drives and successfully hire candidates without ever meeting them.
How tech stacks matter in technical recruiting
There are multiple benefits to having technology be the frontrunner of your recruiting strategies. A tech-enabled recruitment experience goes a long way in attracting and retaining top tech talent.
- Saves time and improves efficiency in the overall hiring process.
- Keeps large volumes of candidate data organized and ensures nothing gets lost.
- Creates a pleasant candidate experience.
- Keeps your talent pool warm and nurtured.
- Eliminates bias in hiring decisions.
- Better communication between candidates and recruiters.
A carefully curated recruitment tech stack can slash your time-to-hire and cost-per-hire metrics by a significant amount.
Let’s look at the most important elements of a tech stack next, to better your hiring processes.
4 must-haves in your tech stack
Here are some technologies to keep in mind when building your tech stack:
#1 Applicant tracking systems
The first thing you need to think about is an applicant tracking system. By investing in the right ATS you’ll be able to reduce your overall time to fill roles. You’ll also be able to create and nurture a pool of passive candidates that you can call upon in the future.
An ATS can go from simple (collating all the candidate information) to quite complex (with various approval levels and AI-enhanced searches). An ATS is also more secure than a spreadsheet or email.
#2 Automated employee referral programs
Investing in an ATS has multiple benefits as seen above but the real advantage is you can set up a robust employee referral program with it. Studies show referral hires stay at a company for longer on average with 47% staying longer than 3 years.
Employee referral programs promote company culture and build better-engaged tech teams. Leverage existing data in your ATS to reach a wider audience.
#3 Chatbots for better candidate experience
Adding a chatbot to your careers site or investing in an ATS that comes with one takes your candidate experience to the next level. Chatbots can bring your website to life where candidates can strike up a conversation with the bot to clear any basic queries and frequently asked questions.
You can also leverage natural language processing and train your bots to pre-screen candidates, answer candidate queries, and schedule interviews. Some even offer candidates the ability to check the status of their applications.
This vastly decreases the burden on recruiters and frees up time for them to take on other important tasks.
#4 Screening and virtual assessment tools
Virtual assessment tools are how you can better hire candidates for jobs, reduce employee turnover, and improve the quality of hire at your organization. These coding tests are where you get to see if what the candidate mentioned in their resume pans out.
A live coding assessment tool helps you with an objective evaluation of each candidate, provides detailed reports, and instant feedback — all with minimal technical know-how!
Read the longer version of this article on our blog 👇