3 Reasons Why You Need Candidate Screening Software

In today's competitive job market, companies are inundated with large numbers of applications for every open role, making it increasingly difficult to identify the right candidates. According to SHRM, the national average across all industries is between 40-60 open requisitions per recruiter at any one time.

Because of this, it's not surprising that recruiters and hiring managers are turning to candidate screening software to help them efficiently and effectively sort through job applications for best-fit candidates.

Here are three ways candidate screening software can help you find and hire top talent quicker than competitors.

1. Boost Recruiter Efficiency

Candidate screening software — especially when powered by artificial intelligence — can significantly boost recruiter efficiency by quickly scanning resumes and applications, automating the initial screening process for recruiters. It can also identify relevant keywords and suggest best-fit candidates based on criteria like skills, location, and experience. This saves recruiters a considerable amount of time and effort when screening candidates — allowing them to focus on more critical tasks such as building relationships with candidates.

What kind of technology should you look for?

The Phenom Intelligent Talent Experience platform, for example, features a number of products that can help boost recruiter productivity, like:

• Intelligent Chatbot: With an intelligent chatbot embedded into the career site, recruiters can rely on it to automate sourcing, screening, and scheduling while answering candidate FAQs 24/7.
  

• CRM: Using AI, teams can create actionable insights and rely on fit scoring technology to maximize their recruiting strategy. The CRM also allows them to build, engage, and track talent pipelines while boosting productivity with dynamic lists.
  

• Video Assessments: Through this one-way video interviewing tool, recruiters can accelerate the screening process and evaluate candidates quickly in order to screen and hire best-fit talent at scale.

Related reading: How to Transform Recruiter Efficiency with AI, Automation, and Video

2. Improve the Candidate Experience

Candidate screening software can improve the candidate experience by providing prompt feedback and a quick process for applicants. With automated messaging, for example, candidates can receive updates 24/7, which greatly reduces anxiety and uncertainty. Screening software can also help track application status in real-time, increasing transparency and providing a sense of control for candidates.

Candidate screening software can also reduce bias by ensuring that all candidates are evaluated on the same criteria. Video Assessments can invite pre-screened, best-fit candidates to conduct an assessment within a CRM automatically. It can also deliver tailored invitations, expert advice, and live support to job seekers — leaving candidates confident that they have left a great first impression on hiring teams.

Screening candidates through technologies like these helps build a positive reputation for your company, provides candidates with a great experience, and attracts top talent.

Related reading: The Definitive Guide to the Candidate Experience

3. Allow Hiring Teams to Make Better Decisions

As mentioned previously, candidate screening software can also allow hiring teams to make better decisions by automatically identifying the best candidates for a particular role based on factors such as experience, education, and skills. Using this AI technology, hiring teams can quickly and accurately analyze large volumes of applicant data, including resumes, cover letters, and applications.

Phenom Hiring Manager, for example, enables teams to reduce feedback loops and streamline collaboration between recruiters and hiring managers. The dashboard shows recently screened candidates, pending evaluations, upcoming interviews, and other important job metrics. Using this information decreases time to hire, leading to higher retention rates and ultimately better business outcomes for the company.

Related reading: Metrics that Matter: How to Leverage Analytics to Make Data-Driven Decisions

By implementing AI-powered candidate screening software like Chabot, Video Assessments, CRM, and Hiring Manager, recruiters are free to focus on higher-level tasks, candidates leave the process with a great impression of your company, and hiring teams save time and resources while also finding the best-fit candidates.

Ready for candidate screening software that captures top talent quicker than competitors? Book a personalized demo today.