Why Your Startup Needs Recruitment Tracking Software
Recruitment tracking software isn’t just for well-established big businesses any more. It used to be so, back in the early days of automated applicant tracking. However, human resources software has pretty much become the standard for small businesses these days, as easy availability and lower prices have made it a cost-effective and convenient alternative to traditional hiring practices. For the person launching a startup, applicant tracking software can have substantial benefits, saving time and money by adding efficiency to the process of finding the talent you need to get your business up and running.
Time is an important factor to consider when you’re building a new business. Recruiting the old-fashioned way can be a full time job in itself, and with a startup, you have quite a few of those already. Manually placing ads on all the right job boards, social networking sites and sifting through a mountain of resumes, do you really have time for that? If you make the time, will it take away from the time you spend on other tasks that are crucial to the success of your startup? Fact is, recruiting in such a manner is not the most effective use of your time, nor is it the most effective way to find the best talent to start your new venture off on the right foot.
Among the features that you can expect to find in applicant tracking software is automated posting of your job openings to a range of job boards and social media sites, allowing you to reach a greater number of potential applicants in much less time than you could by posting ads yourself, one by one. Then, when the applications start rolling in, they will be automatically screened and ranked according to applicant qualifications. EEOC compliance and tracking can be handled efficiently with applicant tracking systems, as can background checks and personality assessments.
Making use of the latest recruiting software to handle those tasks has a number of other benefits, not the least of which is image. In today’s uncertain economy, highly skilled applicants are looking for job security, so attracting them to a newly launched startup means convincing them that your business plan is a viable one. You won’t do that by giving potential recruits the idea that you haven’t got a handle on using the latest technology to improve the efficiency and visibility of your new business.
Lower hiring costs are another benefit of using HR software to recruit for your startup. Most startups don’t have an unlimited budget to work with, so making every dollar count is important. In fact, saving money is one of the chief reasons that owners of small businesses and startups decide to do without recruiting software. However, while HR software is an investment, it typically costs less than traditional hiring practices, and your time is worth something too, especially with so much to be done to get your business started.
Investing in a recruitment tracking system to handle the drudge work of hiring new talent will save you time and money in the long run, both of which are quite likely in short supply in a startup. Automating the menial tasks involved with talent recruitment will free your time to handle the real work of getting your business off the ground, as well as moving the process along more swiftly, getting to the interview and hiring stages much faster to get that new talent on board. So, if you’ve been asking yourself whether you can afford applicant tracking software for your startup, perhaps the better question would be whether you can afford to do without it.