4 Business Benefits of Using a Job Matching System
You keep hiring the candidate who looks great on paper and does very well in the interview. Sounds like the right way to go, doesn’t it?
But as soon as the hire begins their new role, you realize they were definitely not the right choice. What did you miss? How did this happen?
What you need is a tool that can fill in the blanks for you so that right candidate – in personality and on paper – is the one you choose.
It has probably been a long time since you’ve easily found the right candidate, hasn’t it? Yes, you’ve found good new hires for your open positions, but try as you might, you just can’t find a better way to go about locating the best new hires.
With a job matching system, however, you can turn that uphill battle into a simple jaunt. Such a system can give you the ability to find the candidate who best fits the role, turning each new hire you make into a great new hire.
(Not sure what a job matching system is? Todd Raphael of ERE has a great write-up on the subject. In essence, though, a job matching system is a platform or software that matches candidates to jobs based on a number of factors, making the screening process much, much easier for recruiters and other hiring authorities.)
Job matching systems are great for talent acquisition departments, what about the business side of things? What are the deeper and more company-wide benefits of using a system that matches candidates to the right job?
Here’s a list of four powerful business benefits provided by job matching technology:
1. Reduced Turnover Costs
Hiring candidates who just partially or mostly fit a position is only a temporary fix to a bigger problem. While it does fill the vacant position, it’s only a matter of time before the position is vacant again.
This is an expensive way to do things: Even replacing an $8-per-hour employee can cost upwards of $3,500!
If you use a job matching system to hire the right employee the first time, you can avoid costly retention problems. Moreover, when your retention rates are high, you won’t have to spend so much money on training replacement hires all the time.
2. Increased Retention Rates
When an employee truly fits the role and the company culture, there’s not much that will drive them away from the company. If you don’t give a satisfied employee a reason to start searching for a new job, chances are they won’t.
Retention efforts shouldn’t start after you hire a new employee – they should start before. Hiring the right person for the job in the first place is the best way to boost retention at your organization. As Jacqueline Hilton, talent acquisition director at Fidelis Partners, says: ” … [H]iring retention starts before any employment contracts are signed and the new employee starts work.”
With a job matching system, you won’t have to be as concerned with retention – because you addressed it before the new hire even started.
3. Increased Overall Company Performance
Currently, 79 percent of business leaders see retention and engagement as problems in their organizations. Creating an engaged workforce starts with building the right team – and that starts with hiring the right people.
An engaged workforce is a powerful, productive workforce, and the best way to find the right members for your team is to use a tool that matches candidates to jobs, based on such critical factors as qualifications, personality, skills, job requirements, and company culture.
4. A Thriving, More Profitable Organization
What happens when you reduce your recruitment and retention spend? You have more money to devote to other programs. With a job matching system, you’re able to maximize your human capital management investments. In this way, organizational growth depends on the success of the recruitment department.
Smart hiring means using the right tools to help you recruit better. A job matching system may be just the thing to help you find the best candidates for your organization. Job matching platforms can also uncover some concerns in certain candidates, subsequently saving you time and money in assessing their fit.
Finding the best candidate isn’t always easy, but it can be easier with the best tools. Find a tool that helps you build a talent-driven workplace in which team performance and employee retention are boosted tremendously.