How To Optimize Your Applicant Tracking Funnel
There are several innovative steps to optimize your applicant tracking funnel for talent acquisition. These steps can save time, improve the candidate review process, and rebuild your application process. As a business owner, you likely know that managing your recruitment funnel can be incredibly challenging. However, it is fundamental to ensure the best and brightest talent do not slip through the cracks. Fortunately, there are several tips to optimize your applicant selection, tracking, and conversion processes this year. Read on to learn about how to optimize your applicant tracking funnel for talent acquisition.
Define Your Funnel
First, you should drill down what each stage of the applicant tracking funnel looks like. Your recruitment funnel should begin with the candidate’s initial outreach, closely followed by a thorough phone screen. This way, you can quickly pick up on potential signs of trouble and determine what each applicant brings to the table. If the potential hire clears these two stages, they should move on to an onsite, face-to-face job interview. Next, you can progress into issuing an initial offer and potentially hiring the candidate. By establishing a well-defined recruitment funnel, you can keep applicants engaged, and help them potentially become valuable employees. In order to refine your process, it should be well defined and documented.
Create Clear, Attractive Job Advertisements
Clear, attractive job ads can help you select the best applicants for your talent acquisition funnel. Start off by outlining specific and useful details concerning your open job roles. Then, advertise these positions with catchy, straightforward job titles. Be sure to use language that is clear and inclusive, outlines your company history, and promotes your business. By writing clear job titles and descriptions, you can improve communication, performance criteria, and the basis for recruitment. Certainly, clear, attractive job descriptions ensure the avoidance of misleading job titles, decrease liability, and help job seekers determine compensation. In many cases, defining positions with clear job titles can even improve staff morale during difficult times.
Use An Applicant Tracking System
One of the most important elements of your recruitment funnel will be using an applicant tracking system or ATS. Simply, an ATS is a sophisticated software application that allows you to digitally manage hiring and recruitment responsibilities. To choose an ATS that meets your business needs, consider your hiring frequency, candidate volume, budget, and feature list. If you are overwhelmed by all the solutions available, use this applicant tracking software review to make an informed decision. Of course, using these solutions streamline time-to-hire, improves quality, and lowers the cost-per-hire. Moreover, this can improve candidate experience, build a strong talent pool, and reduce bias. In other cases, these innovative systems have been able to optimize HR communication and empower advanced decision making.
Source Ideal Candidates
Next, it is time to drive the best potential applicants into your talent acquisition funnel. Most commonly, business owners and HR professionals alike will search for applicants using specialized job boards. These reliable platforms are an excellent way to convert active job seekers into potential applicants. In addition, employee referrals are always an excellent way to find any candidates that may be genuinely interested in your company. Other popular applicant sourcing methods include looking on social media sites or reaching out to past applicants. By following these key processes, you can improve the quality of hire, reduce onboarding costs, and boost workforce diversity. Moreover, you can often build an employer brand through sourcing ideal candidates for your small business.
Streamline Interview Procedures
Finally, streamline your interview procedures to select the best potential candidates for your talent acquisition funnel. Select the right interviewers from your HR department, executive board, and management staff. Then, decide where to conduct the interview. Next, prepare specific questions that you will use to screen potential candidates. In many cases, it will be beneficial to create a standardized interviewing template for each open position you are hiring for. Certainly, laying out these procedures helps you to attract higher quality applicants, reduce attrition, and improve employee retention. With clear processes in place, strong interviewing procedures can have a far-reaching impact on your talent acquisition funnel and business performance.
There are several innovative steps to optimize your applicant tracking conversion funnel. First, you should drill down what each stage of the successful funnel looks like. In addition, clear, attractive job ads can help you select the best applicants for your talent acquisition funnel. At the same time, one of the most important elements of your recruitment funnel will be using an applicant tracking system or ATS. Next, it is time to drive the best potential applicants to your brand. Finally, streamline your interview procedures to select the best potential candidates. Follow the steps highlighted above to learn about how to optimize your applicant tracking funnel for talent acquisition.