Human resources (HR) are grappling with significant recruitment challenges, whether in those in small and medium-sized businesses (SMBs) or large enterprises. According to Statista, 24% of companies report that prolonged hiring processes lead to candidates accepting other offers, while 22% struggle with insufficient candidate pools.
These statistics clearly show small businesses' difficulties in talent acquisition, especially in their recruitment workflow. For businesses, lengthy candidate selection processes result in missed opportunities to build high-performing teams and a tarnished reputation among present and future candidates.
These trends make simplifying the hiring process no longer optional but essential. Unsurprisingly, 50% of HR outsourcers hire functions to cloud-based software. Unfortunately, these systems and platforms are elusive to most small businesses because of costs. HR software company Folks hopes to address these recruitment needs with its Applicant Tracking System (ATS), which is competitively priced to adapt to the financial realities of small-scale enterprises.
How Folks Addresses Recruitment Challenges
Folks' ATS is designed to meet the unique needs of small enterprises, providing a comprehensive toolkit for talent acquisition. Here's how it addresses key pain points:
Streamlined Hiring Processes
ATS enables businesses to create customized hiring workflows that adapt to the specific needs of each role. By centralizing candidate profiles, interview notes, and application data, the ATS eliminates manual bottlenecks and accelerates decision-making. Additionally, CV parsing technology automates the extraction of candidate information from resumes, reducing the need to fill out profiles manually.
Efficient Candidate Sourcing & Match-Making
The system integrates seamlessly with job boards and platforms like LinkedIn, allowing small businesses to source candidates from diverse channels. Its keyword search functionality helps recruiters identify suitable candidates quickly, even in a competitive market. Beyond simple filtering, Folks' ATS includes intelligent candidate match-making, automatically comparing a candidate's skills, experience, and qualifications with job requirements.
Enhanced Candidate Communication
One of the top frustrations for job seekers is the lack of timely updates during the recruitment process. Folks' ATS resolves this by enabling personalized automated communication and keeping candidates informed and engaged.
Career Page Integration
The ATS allows SMBs to generate professional career pages in minutes. Applications received via these pages are automatically added to the system, ensuring no candidate is missed.
Real-Time Insights and Metrics
Through key performance indicators (KPIs), small businesses can monitor recruitment progress in real time, making it easier to identify and address inefficiencies.
Beyond Efficiency: Building Better Candidate Experiences
Enhancing recruitment processes is more than just operational efficiency; it is about improving the candidate experience. In the workforce market, where top talent often entertains multiple offers, a swift, well-communicated process can be the difference between securing the right hire and losing them to a competitor.
By providing practical, cost-effective solutions, Folks gives small businesses the tools to compete with larger corporations for top talent. Its ATS does not just streamline hiring; it empowers small enterprises to attract, engage, and retain the best candidates in a challenging labor market.
