1. Applicant Tracking System (ATS)
An ATS manages large volumes of applicants, and helps handle everything in the process – from applying to a position to finally getting someone hired. The complete life cycle of an applicant becoming an employee can be seen here, and data could also be analyzed as well.
2. Resume Parser
Another important piece of recruitment software is one that gets resumes from external (or internal) database sources, and then converts the data into a form easier for HR to understand and sort through. This way, candidates not only apply faster (since there are just fields to fill rather than creating a resume from scratch), and they get a response from HR departments quicker. The applicants get hired quicker because it automates the hiring process workflow.
3. Sourcing Tool
We are in the age of social media. One of its pros is that a person’s profile can now easily be validated online, sort of as a background check. LinkedIn, online portfolios, and other professional social media sites can be used by companies or staffing firms to match information on resumes.
4. Job Search Aggregator
Online job boards work both ways – companies can post positions they’re hiring for, and interested applicants can submit their CV and application letters quickly. An aggregator will make things even easier, as it grabs job postings from various sites, allowing applicants to explore more opportunities, and allowing companies to cast a wider net to look for the right people.
5. Video Interview
This is one of the next big things in the employment world – some companies are now open to Skype interviews, especially for cases where potential employees live in another state or country. It gives the face-to-face personal feel of a normal in-office interview, without a company or an applicant having to shell thousands of dollars to go to a 30-minute interview at a city 2 or more hours away.