Talent Acquisition Software
Talent acquisition is a significant part of HR, and the size of the global talent acquisition market is more than $120 billion (Source: Bersin by Deloitte Talent Acquisition Fact book). One of the major trends in this market is an increase in employers' use of talent acquisition software. According to Josh Bersin, the market for corporate online employee recruiting software is now over $1.5 billion in size. Also, 75% of recruiters and hiring professionals use a talent acquisition platform, and 94% of them say their talent acquisition platform has positively impacted their hiring process (Source: Capterra).
The entire job application process has gone digital. Thus, employers need to be digitalized talent acquisition solutions to find right candidates and keep track of them. Talent acquisition software started more than 20 years ago as applicant tracking systems (ATS) were developed to parse paper based resumes into a relational database. Today, many companies have built ATS, and nearly every HR software company sells one (Source: Forbes).
Web Based Recruitment Software For Talent Acquisition
With digitalization of talent acquisition solutions, companies can post jobs on the internet and receive hundreds of applications in a few minutes. However, there are some shortcomings from ATS. Many unqualified candidates apply, making it hard for employers to find qualified candidates. Also, candidate pools are limited to active candidates, who actively apply for jobs, not including passive candidates, who are not actively looking for jobs but open to other opportunities. Passive candidates account for 75% of the workforce, so it is important to reach out to them to hire the best candidates (Source: LinkedIn Talent Blog).
instaTalent Pro, CareersUnbound's talent acquisition software, can solve these problems encountered by users of existing talent acquisition solutions. Once you enter job description, it analyzes the job description and searches the right candidates from different resume sources like job boards, social media, and your private resume databases if you so choose. Find candidates with best skill-fit and Culture-fit from instaTalent. We recommend. You hire!