All things digital we keep on hearing over and over again, and recruiting and staffing isn’t any different. Recruitment can be a long process, which requires relationship building with clients and candidates. Despite, staffing firms adapting to the digital space, building these relationships can be a difficult task to do in an online environment. Recruitment firms and human resource professionals typically use platforms such as LinkedIn, online job postings, and online conferences as methods to connect and reach more clients and job seekers as this is a business challenge that is overlooked.

Human capital management (HCM), is the process and strategy of identifying, hiring, then training and retaining as needed. It is a continuous process that needs to be adjusted according to changing business environment. Having software that can offer support in sourcing, recruitment, hiring, and retaining will allow the process to be seamless. The software can also make manual tasks a thing of the past especially when handling tasks such as sorting resumes and coordinating interviews. Having a supporting ERP software also helps to remove any biases through automated pre-screening by filtering with keywords. 

Innovations in technology allow human resources managers to leverage evaluation tools such as advanced intelligence to ease the recruitment process. Tools used in the recruitment process by a staffing agency typically include video interviews, and filtering candidates. Even sourcing, job offers, and onboarding can be more seamless and create an overall better user experience for business leaders and prospective employees. ERP cloud deployment can greatly help to hire and retain employees and be used as a catalyst for annual growth rates.

NetSuite for Recruitment and Staffing

When it comes to HR-related recruitment and staffing expenses, they make up one of the largest financial investments for companies of any size. Having an integrated HR software solution provides various software applications that can organize your data while helping you to track progress for reports. Track and monitor with ease vital recruiting KPIs that can be used to measure and highlight business performance with real-time dashboards.

Benefits of HR software

As mentioned technology offers new solutions and ease of processing tasks. Administrative tools such as NetSuite can ease data collections which enable human resources professionals to optimize their time and leverage the software to engage the potential workforce. 

The benefits include:

Efficiency and productivity:  When it comes to recruitment and staffing, about 80% of organizations utilize HR software to facilitate research and information gathering. There is a significant productivity boost when using NetSuite ERP in talent sourcing and retention. This type of efficiency allows more free time for HR professionals to engage in more value-adding projects. 

Employee experience/ accessibility: In the last few years workplaces have seen a decline in workplace engagement. Much of this is due to the new norms introduced by the pandemic. It has been one of the largest declines in employee engagement, especially among managerial positions. Mostly seen in those that were working remotely. With tools, ERP tools implemented HR workers have used NetSuite type software to play a role in enhancing the employee experience. Some examples include measuring engagement through surveys, connecting with employees through mobile accessibility. NetSuite for HR helps to improve the overall employee experience.   

Employee development/retention: Talent management tools are the biggest investment for recruitment agencies. Functionalities such as recruiting onboarding and performance management can alieve workforce management when it comes to the overall recruitment process. On average it takes about a $4219 investment to hire a new employee, and the process to find the right candidate takes about 42 days. Retention also plays a big role in recruitment, keeping an employee is just as important. This means onboarding processes and the employee and recruitment experience are crucial when considering ERP software support. 

Metrics: According to Oracle, studies show that particular HR business processes are overtaking those of finance, in areas such as analytics-driven functions. Access to accurate metrics for data analysis is critical for human resources management, compliance risk management and to bring improvements to employee engagement and conditions of employment. HR teams and recruitment officers use data to help to ensure that future workforce plans can predict employment turnover specifically in critical roles. Obtaining easy access to data can also be viewed in real-time which helps businesses to make connections to business goals and requirements. Furthermore, another advantage of HR cloud software such as NetSuite is the cost savings that occur when tracking recruiting costs. Metrics can be utilized to tie in costs to the quality of hire. Metrics such as time to hire, cost per hire, and even voluntary and involuntary turnover can be of assistance in the overall recruitment experience. 

Regulatory compliance: A business owner must always be aware of local and national regulations. Human resources managers must ensure that the business is complying with regulations, this is the main task that their role requires. HR business functions must now take into account HR violations that can occur through security breaches to entirely new models of changes to labor laws, especially now during the pandemic. Most organizations report that business challenges have resulted in successful compliance monitoring with the support of NetSuite ERP software.

Data security: Business requirements that appear in recruitment agency settings have much to do with data security and the internal communications teams. They must ensure that security policies are relevant and kept up to date in the event that there are phishing or email scams attached to company emails. NetSuite provides role-based access and rules, this means that on the human resources management side the system will guard against unauthorized access to employee data. Some of the most common and costly causes of breach stem from stolen or compromised employee accounts.

Overall, you can see that data is a critical factor when it comes to workforce management and everything involving HR responsibilities. Human resources professionals now have a more versatile role in companies that would benefit greatly from the implementation of NetSuite cloud ERP. Utilizing a central database to organize their tasks and responsibilities will make the staffing and recruitment processes productive and seamless.