In today’s world where everyone is on the constant lookout for a job, a job opening is often flooded with thousands of applications. Almost always, there will be many applicants being rejected and not being offered the job.
Companies and recruiters are now saving the details of these applicants in a database to be used in the future. These applicants are kept as back-ups if another job opening comes up, a current employee resigns, or when an additional employee is urgently needed for a project.
Applicants do not need to prepare new applications and recruiters do not need to review the thousands of resumes all over again. All they need to do is to look into the database and identify the talents they are seeking for. This system is referred to as the candidate management system. There are many benefits of using the candidate management system.
Candidate Management System Reduces Time Spent for Hiring
Hiring new employees is no easy feat. There are a lot of procedures involved. A lot of time is required from spreading the availability of job to appointing a new employee. It is also not guaranteed that the applicants are well suited for the job. The main skill being looked for might be lacking in all the applications.
To prevent this from happening and mainly to save precious time, companies use the candidate management system and have a database of job applicants from previous job applications. All the data of the applicants would have been sorted and ranked accordingly. All they need to do is search for the right keyword and the potential new talent will be found.
Candidate Management System Lowers Recruitment Costs
It costs a lot of money to advertise a job vacancy in multiple outlets. There are hidden costs involved in the hiring process as well. While costs for postage, photocopying, and HR resources might not seem to be huge, they can accumulate to a large amount with time and with the frequencyof the hiring process.
These can be prevented with candidate management system. Recruiters can just choose the talent needed for the existing database which contains the details of job applicants from previous job applications.
Candidate Management System Increases the Quality of Hire
The first filter is often more time consuming than other steps in the hiring process. This is because the recruiters have to go through thousands of applications. This can use up their time which can otherwise, be used to do other administrative works.
With candidate management system, the recruiters would be presented with the filtered results and all they need to do is to go through potential candidates whose skills highly matched with the job.
These are the reasons why many companies are using candidate management system in their companies. Best talents can be found in the nick of time!