The benefits of hiring platforms

Following the Great Resignation, employers face an increasingly difficult task in attracting the right candidates to their organisation. Most recruitment channels, especially LinkedIn, are saturated, and the traditional recruitment agency experience is a negative one for candidates. 

However, employers can improve their own prospects through the use of recruitment platforms. These are an increasingly popular avenue for jobseekers to find work, and offer various benefits to the employers using them including reduced time-to-hire and lower costs.

Talented people are in demand

According to a survey of over 90,000 jobseekers conducted by BCG, 80% of people working in business management and 78% of those working in financial services are approached about new jobs at least several times per year. 72% of each group felt that they, rather than their potential employers, were in the driving seat when it came to salary negotiation.

Top talents will have many options, and they know it. Negative hiring experiences are a major turnoff in a highly competitive labour market; it isn’t just about making the best financial offer. 52% of respondents to BCG’s survey said that a strong negative experience during the selection process would put them off accepting an otherwise good offer, higher than any other factor. 

Candidate experience is everything. Interview processes are two-way streets, and in-demand workers are assessing their prospective employer as much as the other way around. Employers need to take an end-to-end approach to their hiring processes, ensuring that it is seamless and intuitive from the start to set the best impression. Recruitment platforms are one of the best places to start.

Platforms can improve hiring outcomes

More than half of the respondents said that they would use a recruitment platform, such as Movemeon, if they were looking for a new position. Further, when asked how they came by their current position, platforms had the highest response rate, at 29%. Recruitment platforms are a popular and effective means of scaling recruitment efforts. 

Choosing the right platform is therefore key to building an efficient hiring process, and it can bring various benefits:

Reduce time-to-hire.

CIPD data shows that over half of companies using technology in their recruitment process found that it enabled them to screen out unsuitable applicants to some or a great extent.

Improve candidate experience. The same CIPD report shows that 78% of companies reported an improvement in candidate experience as a result of using recruitment technology.

Reduced costs.

Cost-per-hire is typically lower through recruitment platforms than through agencies, largely because much of the work an agency performs is automated by a recruitment platform. Further, with more efficient resourcing tools, in-house recruitment teams can do more with less, making them smaller and leaner.

Facilitate cleaner data management.

Recruitment platforms tend to automatically log key hiring process data, especially when integrated with an ATS. This means cleaner, more thorough and less time-consuming data management, with analytics functions often included too.

For example, a multinational consumer-goods company cited by McKinsey found that adopting digital hiring tools delivered $1m hiring cost savings per annum (across approximately 800 hires, meaning a saving-per-hire of $1,250) as well as a 90% reduction in cost-per-hire

Movemeon, for example, offers various key advantages to candidates and employers. Rather than face the hassle of fielding cold calls from recruiters, candidates can receive notifications whenever they match with a company on the platform. This creates a better and more positive candidate experience, increasing the chances of a positive hiring outcome.

Likewise, hiring companies can strip out the time and effort needed to process irrelevant applications. No recruiters forwarding disinterested or underqualified candidates; matching candidates on Movemeon ensures that every connection is made with engaged, highly talented applicants.

Above all, candidates on Movemeon are a specialised community of current- and former consultants, each of whom trusts Movemeon as a partner to match them with roles highly suited to their backgrounds. As such, employers can find candidates through the platform that simply aren’t looking in other places, or via agencies.

Find out how Movemeon can improve your hiring through our innovative platform and global network of consultants. Get in touch with on of our experts!

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