Hireology Releases New Sourcing Tools for Employers to Track ROI and Drive Quality Applicants

CHICAGO, Nov. 30, 2017 /PRNewswire/ -- Hireology, the nation's leading integrated hiring and talent management platform, announces a suite of new sourcing solutions designed to drive quality candidates to employers, provide visibility into the most effective sourcing channels and drive return on investment.

Both solutions – a Sourcing Insight and Applicant Engine – are immediately available to Hireology's 3,700 customers and any employer seeking to implement the Hireology platform.

Identify the Best Sources for Quality Applicants and Drive Greater Recruitment ROI
Earlier this year, Hireology announced Insights – easy-to-understand reporting that provides visibility into points of strength and weakness in the hiring process and prescriptive recommendations for improvement. The first two Insights released answer the questions, "What is my hiring velocity?" and "Am I following my hiring process?"

Hireology's new Sourcing Insight answers the question, "What is my best source of applicants?" and provides clear visibility into the total number of applicants, quality candidates and hires by source. The Insight further provides central visibility into sponsored job board performance, including total sponsored posts purchased, dollars spent, quality applicants sourced, and average cost per quality applicant.

"To increase the likelihood of attracting quality applicants, employers need to implement a diverse sourcing strategy and bring awareness to open roles across multiple channels," said Adam Robinson, co-founder and CEO of Hireology. "And to measure the success of each channel, it's critical to have visibility into which sources deliver the most quality applicants. Sources that deliver a high quantity of poor applicants will only waste your team's time and recruitment budget."

Build a Pipeline of Quality Candidates and Optimize Spend by Sourcing Channel
Applicant Engine manages recruitment advertising spend to deliver quality candidates and drive cost savings. With Applicant Engine, Hireology customers can reach the best candidates automatically across hundreds of sources, including national job boards, industry-specific job boards, organic search engine feeds, local classified ads, social media and other niche sources.

How it works:

• Job descriptions are optimized using similar titles and keywords to reach a broader set of potential applicants.
• Budget is spent on sources known to convert at the highest rate first by leveraging historical performance data and predictive analytics.
• Sources that provide a low return on investment are automatically eliminated and budget is shifted to the best-performing sources for open jobs.
• Quality applicants are sent directly to Hireology account holders, with full attribution and source reporting to drive transparency and future spending decisions.

"Many businesses make the mistake of waiting until they have an immediate job opening before they begin the hiring process. The scramble to quickly fill an open role often results in buying costly, one-off job board postings with limited visibility into ROI," said Robinson. "With Applicant Engine, Hireology manages your advertising and recruiting dollars on your behalf to run a proactive sourcing program, delivering qualified candidates and cost savings."

For more information, please visit www.hireology.com/insights or www.hireology.com/applicant-engine.

ABOUT HIREOLOGY
Hireology's integrated hiring and talent management platform empowers multi-location, owner-operated, and independently owned businesses to build their best teams with confidence. The company equips teams with the skills and technology needed to manage the full employee lifecycle – from hire to retire – in one seamless platform. With focused expertise across several industries – including automotive, fitness & wellness, education, healthcare, and professional services – more than 3,700 businesses today trust Hireology to help build great teams, lift customer service and drive profitability. For more information, visit www.hireology.com.

SOURCE Hireology

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