The recruitment industry needs big data because of how valuable access to a huge pool of jobseekers’ details and CVs can be. The question is – how can it be utilised effectively? Executive search firms need executive recruitment software to harness the power of big data. Executive search operates differently from the usual recruitment process.
Recruitment software aids hiring managers and talent acquisition teams to manage and use candidate information.However, successful use of big data goes beyond finding quality candidates. It encompasses various things such as strategic communication, planning,business strategy, etc.
Seeking highly qualified and experienced candidates for executive positions necessitates that head-hunters proceed differently from the outset. C-suite executives generally must be approached first, and interviews, negotiation and vetting process can take months. In the meanwhile, what purpose does executive search software serve when it comes to big data?
Offers competitive advantage
Executive search software boosts usage of big data which,if used correctly, provides users a competitive edge over their competitors. Big data analytics make users aware of how they can use the information they have on hand.Data analytics is more than just data management and data mining. The way head-hunters use the knowledge they have access to has a major impact on their work and business.
Helps in sourcing best talent
It is not always possible to find a great selection of senior-level executive candidates at once. Executive recruiters often have to rely on their network to find candidates who are essentially cream of the crop. However, once such candidates have been identified, their data can be saved in the CRM software to be utilised whenever needed. Working with an executive search software helps head-hunters articulate talent needs. Once prospective candidates are recognised, recruiters can look at their suitability for the role and identify necessary skills gaps immediately. Predictive data analytics affects recruitment as it looks at a candidate’s career and education history as well as current skill set to make estimates about their likelihood to match a role.
Reduces time wastage and enhances quality of hiring process
Tapping into the potential of executive search software essentially means that head-hunters will find they need not waste time on inconsequential tasks. There is no need for tedious data entry, mundane repetitive tasks, and the like. Recruitment is a competitive, fast-paced industry. Head-hunters can focus on approaching and engaging with quality candidates, instead.
Recruitment is driven by data analytics – recruiters consider the executive CV, the work achievements, and educational qualifications while making every hiring decision. When an executive search software is designed to present all the important information in a single platform, it frees up the recruiter’s time which can be dedicated to other tasks.
Executive search software can help recruiters structure their work plan. How? If a recruiter manages to identify a few different passive executive-level candidates, they can start to be proactive about approaching them. Having a single platform to store all essential data on each of the passive candidates improves their planning and working process.
Helps in GDPR compliance
With an executive search software, users can be certain that their companies are GDPR-compliant.It is not simply about storing data anymore, but how the data is being used. Hence, the rules state that people need to give explicit consent to the use of their personal data. When it is time to ensure this, the software will alert users who can then proceed to act accordingly.