HR terminology for experts, by experts.
The Most Important Metrics in Recruiting Very few companies appreciate the power of statistics. According to a study, less than 10% of HR departments in Germany use Key Performance Indicators (KPIs) to measure the success of their recruiting strategies. Yet, Talent Acquisition specialists can gain many important insights from recruiting data. Companies that check the
Skilled labour shortage remains the biggest hurdle to companies’ growth even in these pandemic times. Studies show that around two thirds of UK companies find it hard to attract and hire qualified and experienced candidates. So, what are the best measures to address this issue and ensure companies’ long term success? What Does Recruitment Mean?
A high turnover rate – so that is employees staying at a company for only a short time – costs companies a lot of resources. That’s because finding new employees is more expensive than retaining the current ones! This is precisely why employee retention is one of the essential pillars of a company’s success. What
Why are Employee Bonuses Essential in Referral Recruiting? Employee bonuses are an essential part of employee referral programs. Due to the shortage of skilled workers, experienced professionals are worth their weight in gold in some industries. That is why many companies rely on employee referral programs. Employees refer friends and acquaintances that they consider suitable
What is E-Recruiting? E-recruiting refers to employee search and recruitment via the internet. Ideally, companies use designated software for recruiting, making the recruiting process easier both for TA and applicants. Applicants should simply enter their data and resumes via a designated form to apply for an open job. The gathered applications will then flow directly
Employee Experience, that is what employees experience daily in their working environments, affects how they interact with customers, their productivity, and ultimately, the company’s achievements overall. That is why it is so important to motivate your employees and create an inspiring work experience day in and day out. “Employees first” is the motto.
A Talent Pool is a database of prospective candidates to draw on from when looking for new employees. It contains the profiles of all potential applicants who interacted with a company or simply showed interest in its business.
The Candidate Journey describes 6 phases new hires go through before joining a company: Discovery and Interest in the job offer, Resume Submission, Screening applications, Interviewing applicants and Hiring the most suitable candidate.
To attract hidden and passive top talent, and expand their talent pool to draw on in a time of need, recruiters are employing a proactive recruiting method known as Active Sourcing.
Diversity Management Universal Declaration of Human Rights prohibits any kind of discrimination. However, the reality of the labour market is different and contrary to market-based principles. But there are reasons why ethnically diverse and inclusive companies are three times more successful. They manage to attract and retain the top applicants. Diversity Management is therefore
Talent Management Today, business strategies are fundamentally shifting. Competition for talent is fierce, and the economy has become more specialized than ever before. As a result, many employees are not replaceable, and businesses have to go out of their way to retain them. The only way organizations can compete in the modern world is by
Applicant Tracking Systems Applicant tracking systems are HR software that helps to make it easier for HR managers to deal with applicants. Essentially, this software makes the recruiting process efficient and cost-saving by automating the tracking of the candidates throughout their candidate journey. What Is an Applicant Tracking System? An Applicant Tracking System (ATS) is
