{"id":58934,"date":"2017-05-10T06:24:45","date_gmt":"2017-05-10T10:24:45","guid":{"rendered":"https:\/\/www.bullhorn.com\/uk\/?p=58934"},"modified":"2019-03-01T21:19:55","modified_gmt":"2019-03-01T21:19:55","slug":"3-ways-data-can-fuel-your-candidate-engagement-strategy","status":"publish","type":"post","link":"https:\/\/www.bullhorn.com\/uk\/blog\/3-ways-data-can-fuel-your-candidate-engagement-strategy\/","title":{"rendered":"3 Ways Data Can Fuel Your Candidate Engagement Strategy"},"content":{"rendered":"<p><em>In this two-part series, we&#8217;re exploring the ways in which data enables you to deliver a top-notch candidate engagement strategy.\u00a0<\/em><\/p>\n<p><span style=\"font-weight: 400;\">In <a href=\"https:\/\/www.bullhorn.com\/uk\/blog\/2017\/05\/data-candidate-engagement\/\" target=\"_blank\">Part 1<\/a>, we discussed the importance of developing a <\/span><a href=\"https:\/\/www.bullhorn.com\/uk\/resources\/recruiters-guide-candidate-engagement\/?LS=Website&amp;LSD=Blog&amp;LA=Candidate_Engagement_eBook_UK&amp;LAD=Candidate_Engagement_eBook_UK&amp;utm_source=blog&amp;utm_medium=website\" target=\"_blank\"><span style=\"font-weight: 400;\">candidate engagement<\/span><\/a><span style=\"font-weight: 400;\"> strategy, and how it can ultimately impact the future of your business. Check out Part 1 <a href=\"https:\/\/www.bullhorn.com\/uk\/blog\/2017\/05\/data-candidate-engagement\/\" target=\"_blank\">here<\/a>. <\/span><span style=\"font-weight: 400;\">Below, we share additional key actions you can take today with data to ensure your implementation of that strategy is a success. <\/span><\/p>\n<hr \/>\n<h2 style=\"text-align: left;\"><b>Apply a\u00a0Personal Touch<\/b><\/h2>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Adding a personal touch to your candidate engagement plan is what will set your agency apart from the competition \u2014 and data can help you go above and beyond. Know your candidate pool and arm yourself with the information you already have in your database. <\/span><\/p>\n<p><strong>Some groups to focus on:<\/strong><\/p>\n<h3><b>1) Current Contractors<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">By having visibility into who is currently out on contract now, and who is nearing the end of that contract, you\u2019ll be ready to redeploy your top performers. Get to know this group a bit more with data. For example, are there any current contractors that are consistently redeployed or are strong performers?<\/span><\/p>\n<h3><b>2)\u00a0<\/b><b>#1 Hires<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">This is your star group. Use data to determine if there are any jobs that are consistently being filled by this group, so you\u2019re ready to redeploy these #1 hires when they\u2019re available again.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> It\u2019s important to keep in mind, however, that just because someone has been redeployed frequently, it doesn\u2019t necessarily mean they\u2019re your top performer. In the next section, we share a few key pieces of data you can look at to determine who fits into this group.<\/span><\/p>\n<h3><b>3) Unsuccessful Candidates<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"> Data can be used with these candidates to try and understand what makes them unsuccessful. See if you can\u2019t find any trends. <\/span><\/p>\n<h3><b>4) Inactive Candidates<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Take a look at your historical communication with this group. You might be able to find some trends here as well that indicate why these candidates are inactive.<\/span><\/p>\n<hr \/>\n<h2><b>Focus and Prioritise<\/b><\/h2>\n<hr \/>\n<p><span style=\"font-weight: 400;\">If you\u2019ve never implemented a candidate engagement strategy before, it might be difficult to narrow your focus and prioritise your efforts. First and foremost, it\u2019s important to understand which candidates in your database are your strongest. Which candidates are performing well and have the highest margins? What are the margins of candidates who are consistently being redeployed? Which candidates aren\u2019t being redeployed, but should be!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dig into your database to uncover your strongest performers. As you do so, a few metrics you should look at include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Bill Rate<\/b><span style=\"font-weight: 400;\"> &#8211; the rate a <span>recruitment agency<\/span> charges its client for its candidate\u2019s work services <\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Pay Rate<\/b><span style=\"font-weight: 400;\"> &#8211; the rate a <span>recruitment agency<\/span> pays its candidate for his\/her work services<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Margin<\/b><span style=\"font-weight: 400;\"> &#8211; a calculation of your candidate\u2019s Bill Rate minus their Pay Rate<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Redeployments<\/b><span style=\"font-weight: 400;\"> &#8211; the number of times a candidate has been successfully placed<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This data will help you determine which candidates have the highest margins and which candidates are strong performers. It\u2019s essential to know which candidates have the most redeployments. As you review these frequently redeployed candidates, take note of their margins. Just because a candidate is redeployed often, it does not mean that she has a high margin and is a strong performer. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">What you uncover can be used to ensure that the candidates you redeploy are strong performers. And you might even find several strong performers that have not been redeployed, that you can prioritise in the future. Develop and maintain relationships with these candidates.<\/span><\/p>\n<hr \/>\n<h2><b>Enact Change<\/b><\/h2>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Developing your candidate engagement strategy is just the beginning. When you go a step further and incorporate data, you\u2019ll likely see a number of benefits that you maybe didn\u2019t expect:<\/span><\/p>\n<h3><b>Improve Recruiter Performance<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Increasing knowledge of an\u00a0<span>agency<\/span>\u2019s candidate database could directly influence a recruiter\u2019s ability to improve submission rates, fill rates and time to hire, by reducing the time required to sift through the candidate pool.<\/span><\/p>\n<h3><b>Gain a Competitive Edge<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"> Increasing knowledge of <span>an\u00a0<\/span><span>agency<\/span>\u2019s candidate database, and in turn improving recruiter performance, enables agencies to react more quickly in a highly time-sensitive market.<\/span><\/p>\n<h3><b>Enable Real Business Improvements<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Prioritising engagement with and redeployment of candidates who perform strongly can directly impact business margins and the overall health of the <span>agency<\/span>.<\/span><\/p>\n<p><span>For more information on the traits of a winning candidate engagement strategy, get the <\/span><span><a href=\"https:\/\/www.bullhorn.com\/uk\/resources\/recruiters-guide-candidate-engagement\/?LS=Website&amp;LSD=Blog&amp;LA=Candidate_Engagement_eBook_UK&amp;LAD=Candidate_Engagement_eBook_UK&amp;utm_source=blog&amp;utm_medium=website\" target=\"_blank\">Candidate Engagement ebook<\/a>.<\/span><\/p>\n<a href=\"https:\/\/www.bullhorn.com\/uk\/resources\/recruiters-guide-candidate-engagement\/?LS=Website&amp;LSD=Blog&amp;LA=Candidate_Engagement_eBook_UK&amp;LAD=Candidate_Engagement_eBook_UK&amp;utm_source=blog&amp;utm_medium=website\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.bullhorn.com\/uk\/wp-content\/uploads\/sites\/2\/2017\/05\/candidateengagement.png\" alt=\"candidate engagement\" width=\"1350\" height=\"290\" class=\"alignleft size-full wp-image-58935\" srcset=\"https:\/\/www.bullhorn.com\/uk\/wp-content\/uploads\/sites\/2\/2017\/05\/candidateengagement.png 1350w, https:\/\/www.bullhorn.com\/uk\/wp-content\/uploads\/sites\/2\/2017\/05\/candidateengagement-768x165.png 768w\" sizes=\"auto, (max-width: 1350px) 100vw, 1350px\" \/><\/a>\n","protected":false},"excerpt":{"rendered":"<p>In this two-part series, we&#8217;re exploring the ways in which data enables you to deliver a top-notch candidate engagement strategy.\u00a0 In Part 1, we discussed the importance of developing a candidate engagement strategy, and how it can ultimately impact the future of your business. Check out Part 1 here. Below, we share additional key actions [&hellip;]<\/p>\n","protected":false},"author":141,"featured_media":58936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[584,585],"tags":[],"class_list":["post-58934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-trends-and-insights","category-tips-tricks-and-how-tos"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>3 Ways to Use Data to Fuel Candidate Engagement | Bullhorn UK<\/title>\n<meta name=\"description\" content=\"Part 2 in a two-part series exploring the ways in which data enables you to deliver a top-notch candidate engagement strategy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bullhorn.com\/uk\/blog\/3-ways-data-can-fuel-your-candidate-engagement-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Ways to Use Data to Fuel Candidate Engagement | Bullhorn UK\" \/>\n<meta property=\"og:description\" content=\"Part 2 in a two-part series exploring the ways in which data enables you to deliver a top-notch candidate engagement strategy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bullhorn.com\/uk\/blog\/3-ways-data-can-fuel-your-candidate-engagement-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"Bullhorn UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Bullhorn\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-10T10:24:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-01T21:19:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bullhorn.com\/uk\/wp-content\/uploads\/sites\/2\/2017\/05\/Blog-Images-4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Bob McHugh\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bob McHugh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.bullhorn.com\/uk\/blog\/3-ways-data-can-fuel-your-candidate-engagement-strategy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.bullhorn.com\/uk\/blog\/3-ways-data-can-fuel-your-candidate-engagement-strategy\/\"},\"author\":{\"name\":\"Bob McHugh\",\"@id\":\"https:\/\/www.bullhorn.com\/uk\/#\/schema\/person\/b133f7a6bb70cf2a822d601b715d278c\"},\"headline\":\"3 Ways Data Can Fuel Your Candidate Engagement Strategy\",\"datePublished\":\"2017-05-10T10:24:45+00:00\",\"dateModified\":\"2019-03-01T21:19:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.bullhorn.com\/uk\/blog\/3-ways-data-can-fuel-your-candidate-engagement-strategy\/\"},\"wordCount\":729,\"publisher\":{\"@id\":\"https:\/\/www.bullhorn.com\/uk\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.bullhorn.com\/uk\/blog\/3-ways-data-can-fuel-your-candidate-engagement-strategy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.bullhorn.com\/uk\/wp-content\/uploads\/sites\/2\/2017\/05\/Blog-Images-4.png\",\"articleSection\":[\"Industry Trends &amp; 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Bob can most commonly be found writing or turning things that aren't games into games.","url":"https:\/\/www.bullhorn.com\/uk\/blog\/author\/bobmchugh\/"}]}},"grav_blocks":null,"card_markup":"<a class=\"card-resource\" href=\"https:\/\/www.bullhorn.com\/uk\/blog\/3-ways-data-can-fuel-your-candidate-engagement-strategy\/\">\n\t\t\t<div aria-hidden=\"true\" class=\"card-resource__image-container\">\n\t\t\t<img class=\"card-resource__image\" alt=\"data candidate engagement\" title=\"Blog Images (4)\" src=\"https:\/\/www.bullhorn.com\/uk\/wp-content\/uploads\/sites\/2\/2017\/05\/Blog-Images-4.png\" \/>\t\t<\/div>\n\t\t\t<div class=\"card-resource__content\">\n\t\t\t\t\t<span class=\"card-resource__category\">Industry Trends &amp; Insights<\/span>\n\t\t\t\t\t<h5 class=\"card-resource__title\">3 Ways Data Can Fuel Your Candidate Engagement Strategy<\/h5>\n\t\t\t<\/div>\n<\/a>\n","_links":{"self":[{"href":"https:\/\/www.bullhorn.com\/uk\/wp-json\/wp\/v2\/posts\/58934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bullhorn.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullhorn.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullhorn.com\/uk\/wp-json\/wp\/v2\/users\/141"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullhorn.com\/uk\/wp-json\/wp\/v2\/comments?post=58934"}],"version-history":[{"count":0,"href":"https:\/\/www.bullhorn.com\/uk\/wp-json\/wp\/v2\/posts\/58934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullhorn.com\/uk\/wp-json\/wp\/v2\/media\/58936"}],"wp:attachment":[{"href":"https:\/\/www.bullhorn.com\/uk\/wp-json\/wp\/v2\/media?parent=58934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullhorn.com\/uk\/wp-json\/wp\/v2\/categories?post=58934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullhorn.com\/uk\/wp-json\/wp\/v2\/tags?post=58934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}