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CANDIDATE RELATIONSHIP MANAGEMENT ELIMINATES WASTE BROUGHT ON BY SOURCING REPEATEDLY FOR THE SAME CANDIDATES
A large budget of sourcing can be saved if candidates sourced in the past are brought forward to fulfill future hiring needs. With candidate relationship databases in place, large corporations can gain competitive advantage and build a long-term asset for the company from the current high volume of candidates instead of suffering from the administrative burden. The direct impact of the value creation from a candidate relationship database is to reduce the sourcing cost per candidate. After one year of candidate relationship management, the average sourcing cost per candidate is reduced by 30 percent to acquire new job applications in the fourth quarter compared to the first, and 44 percent after two years. The value of candidate relationship management lies in the transformation of sourcing expenditures into inventory. Candidate relationship management eliminates waste brought on by sourcing repeatedly for the same candidates.
Features
- Send bulk mails/SMS to promote a job posting.
- Maintains a history of communication with Applicants/Contacts/Vendors.
- Allows search in communication history to quickly find applicants.
- Requirements/Vendor Management modules.
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- Track Candidates’ Interviews, CVs sent, Short Lists, Rejections, Job Offers and Placements at any time
- Allows searches in comments.
- Store and retrieve action history, such as comments and notes, conversations, interview results, related information.
- Candidate Job Portals, where applicant login and see progress made on their job application.
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