A strong hiring process is essential to attracting and retaining top talent, but it can be challenging to get right. Companies spend weeks and thousands of dollars on average to hire each new employee. With the help of hiring automation, your company can build a better, more efficient hiring process that elevates the whole business.
What is hiring automation?
Automation is an increasingly important tool that businesses use to gain a competitive edge. Hiring automation applies this powerful technology to the hiring process.
An automated hiring process creates automatic workflows for some of the most repetitive hiring tasks. The system uses machine learning to complete important recruitment steps, like:
- Vetting and ranking candidates
- Reviewing resumes
- Scheduling interviews
- Conducting background checks
- Drafting offer letters
Take candidate screening, for example. The average job listing in the United States receives 250 applicants. Without hiring automation, your recruitment team would need to manually sort through and read each of those applications to identify the best candidates. If you apply hiring automation, however, the system can seamlessly screen applications for your desired criteria. An applicant tracking system (ATS) will even automatically rank those candidates according to how well they fit your needs using artificial intelligence.
It’s a common misconception that automation in the hiring process replaces human decision-making and interactions. That’s simply not the case. The automation tools are there to assist your hiring and recruitment experts, not replace them.
Hiring automation frees up your recruiters and HR team to focus on connecting with candidates so you can bring your top picks into your organization. Implementing an automated hiring system allows you to scale your team quickly, if necessary, without compromising on critical parts of the hiring process.
The benefits of an automated hiring process
Automation is all about helping your company run smoothly and execute processes as efficiently as possible. Hiring automation is no exception. Here are the primary benefits of using an automated hiring process.
Shortens hiring times
When you have an open job, you generally want to fill it with a qualified candidate as quickly as possible. On average, positions in the U.S. remain open for 36 days, but hiring automation can bring that down significantly. Automating the “grunt work” of recruitment can save your People Ops team hours of work each week, leading to a shorter time to hire.
Improves candidate screenings
If your recruitment team has to manually screen each application you receive, it’s very easy to miss an important detail or two. An automated hiring process eliminates this problem. Your automation tools will use artificial intelligence and machine learning to scan your applicants and produce a list of the top candidates according to the qualities you’re looking for.
Increases recruiter productivity
Manual hiring processes are very labor-intensive for your recruitment teams. Automating repetitive tasks allows your recruiters to focus on the human side of recruitment. Hiring automation can free up to a day or more in each recruiter’s schedule for greatly increased productivity.
Reduces hiring bias
Unconscious bias can easily sneak into a company’s manual recruitment process, leading to unfair, suboptimal hiring decisions. Companies that value diversity and inclusion can use hiring automation to reduce bias in the hiring process. While automation does not eliminate all bias, it does make it possible to anonymize candidate profiles and fairly evaluate them on merit rather than any personal details.
Facilitates global recruitment
More and more companies are choosing to hire global employees as a way to enter new markets and gain access to a wider workforce. Unfortunately, hiring global employees comes with some challenges that can lead to an even longer, more costly hiring process.
With global hiring automation, companies can reduce the time and effort required to hire international workers.
If you’re interested in upgrading your hiring process with global hiring automation, Oyster can help. Oyster’s global employment platform streamlines hiring, onboarding, and payroll so you can bring in new team members from anywhere in the world with ease. Explore our global employment platform today to see it in action.
Oyster is a global employment platform designed to enable visionary HR leaders to find, engage, pay, manage, develop, and take care of a thriving distributed workforce. Oyster lets growing companies give valued international team members the experience they deserve, without the usual headaches and expense.
Oyster enables hiring anywhere in the world—with reliable, compliant payroll, and great local benefits and perks.