{"id":75891,"date":"2022-09-29T09:00:58","date_gmt":"2022-09-29T08:00:58","guid":{"rendered":"https:\/\/www.bullhorn.com\/uk\/?p=75891"},"modified":"2023-03-09T12:33:50","modified_gmt":"2023-03-09T12:33:50","slug":"cultivating-a-candidate-community-maximise-your-return-on-investment","status":"publish","type":"post","link":"https:\/\/www.bullhorn.com\/uk\/blog\/cultivating-a-candidate-community-maximise-your-return-on-investment\/","title":{"rendered":"Cultivating a Candidate Community: Maximise Your Return on Investment"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">For decades, the recruitment industry has relied heavily on job boards and manual sourcing for growth and delivery on client expectations. However, the talent market has evolved over the last several years, and recruitment agencies with eyes on growth and retention realise that this historic strategy is no longer the most effective path.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The term \u201cCandidate Community\u201d has become a buzzword in the recruitment industry over the past year. Cultivating a Candidate Community means long-term relationship management with candidates through value-based communication strategies and automations. Candidate Communities have a relationship with your organisation and, when they have a need, they think of you rather than your competition.<\/span><\/p>\n<h2>Why Establish a Candidate Community<\/h2>\n<ol>\n<li><span style=\"font-weight: 400;\">Candidates expect a different experience based on how they interact with businesses in their personal lives.\u00a0 The self-service-oriented, Amazon-like experience is the norm. Candidates have high expectations for interaction with businesses that want their continued loyalty.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Macro data is clear that we didn\u2019t just have a \u201cgreat resignation\u201d or \u201cgreat reshuffle.\u201d We have a significant labor shortage in the United States across industries, up and down org charts, and the competition for talent is going to continue for the foreseeable future.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Your competition isn&#8217;t defined by geographic location anymore. Neither is your talent pool. This shifting market dynamic means competition is only going to increase and require recruitment agencies to operate more efficiently.<\/span><\/li>\n<\/ol>\n<h2>How to Create a Candidate Community<\/h2>\n<p><span style=\"font-weight: 400;\">To create a Candidate Community, you must communicate at scale while keeping a personal touch and delivering value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Three key components to communicating at scale:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Communication Strategy<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Technology<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Results we\u2019ve seen clients experience when communication strategies, technology, and data are working in harmony:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">30% of placements from database<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">40% redeployment rate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2:1 or 3:1 Number of contractors on billing per recruiter<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">50% reduction in job board ad spend<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Thousands of hours saved per recruiter annually<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<a href=\"https:\/\/www.bullhorn.com\/connected-recruiting\/guide\/?LS=Website&amp;LSD=Blog&amp;LA=Connected_Recruiting_Guide_2022&amp;LAD=Connected_Recruiting_Guide_2022&amp;utm_source=blog&amp;utm_medium=website&amp;utm_campaign=connected_recruiting_guide_2022\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-75953\" src=\"https:\/\/www.bullhorn.com\/uk\/wp-content\/uploads\/sites\/2\/2022\/07\/Connected_Recruiting_Guide_Launch_Assets_1200x200_B_V3.png\" alt=\"\" width=\"1200\" height=\"200\" srcset=\"https:\/\/www.bullhorn.com\/uk\/wp-content\/uploads\/sites\/2\/2022\/07\/Connected_Recruiting_Guide_Launch_Assets_1200x200_B_V3.png 1200w, https:\/\/www.bullhorn.com\/uk\/wp-content\/uploads\/sites\/2\/2022\/07\/Connected_Recruiting_Guide_Launch_Assets_1200x200_B_V3-768x128.png 768w, https:\/\/www.bullhorn.com\/uk\/wp-content\/uploads\/sites\/2\/2022\/07\/Connected_Recruiting_Guide_Launch_Assets_1200x200_B_V3-300x50.png 300w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a>\n<p>&nbsp;<\/p>\n<h3><strong>Communication Strategy<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Who are your candidates? This may be an obvious first step, but your depth of understanding of your candidate segments, what they care about, and what they go through throughout their life cycle is at the crux of creating an effective communication strategy. <\/span><span style=\"font-weight: 400;\">Communication strategies must go beyond brand awareness and thought leadership content to deliver content that solves candidate pain points and drives value for them throughout their entire life cycle.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.bullhorn.com\/uk\/blog\/what-types-of-content-will-your-candidates-respond-to-best\/?LS=Website&amp;LSD=Blog&amp;LA=Blog_UK_2022_09_22&amp;LAD=Blog_UK_2022_09_22&amp;utm_source=blog&amp;utm_medium=website&amp;utm_campaign=blog_uk_2022_09_22\"><strong>For more on creating communication strategies, visit What Types of Content Will Your Candidates Respond to the Best?<\/strong><\/a><\/p>\n<h3><strong>Technology\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Of candidates who look negatively at recruiters, 43% say it is due to poor recruiter communication, <\/span><a href=\"https:\/\/www.bullhorn.com\/grid-talent-survey-report\/?LS=Website&amp;LSD=Blog&amp;LA=Blog_NA_2022_09_22&amp;LAD=Blog_NA_2022_09_22&amp;utm_source=blog&amp;utm_medium=website&amp;utm_campaign=blog_na_2022_09_22\"><span style=\"font-weight: 400;\">according to Bullhorn\u2019s 2022 Global Recruitment Insights &amp; Data (GRID) Trends Talent Report<\/span><\/a><span style=\"font-weight: 400;\">.<\/span> <span style=\"font-weight: 400;\">Recruiters are the most highly valued resource in a recruitment agency. They are also humans who work full weeks, get sick, go on vacation, and simply have high demands on their time and can\u2019t get to everything. They must choose the activities likely to have the highest return, which leaves inactive candidates or candidates on contract toward the bottom of the priority list. Depending on recruiter activity alone doesn\u2019t track with developing a Candidate Community and maximising your return on investment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The recruitment industry has historically had few options outside of HR Tech to deliver on lifecycle communication strategies through automation because ATS systems have had limited integration capabilities.\u00a0 But great news: SaaS companies are also seeing market changes in talent demand, and there are increasing options for recruitment agencies to level up their tech stacks and deliver personalised communication at scale throughout the candidate lifecycle.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, Bullhorn\u2019s acquisition of Herefish to create <\/span><a href=\"https:\/\/www.bullhorn.com\/uk\/products\/recruitment-automation\/?LS=Website&amp;LSD=Blog&amp;LA=Blog_UK_2022_09_22&amp;LAD=Blog_UK_2022_09_22&amp;utm_source=blog&amp;utm_medium=website&amp;utm_campaign=blog_uk_2022_09_22\"><span style=\"font-weight: 400;\">Bullhorn Automation<\/span><\/a><span style=\"font-weight: 400;\"> and continued efforts to build out their talent platform and marketplace partners offer opportunities that have historically been limited for recruitment agencies dependent on ATS platforms.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hiring recruiters to communicate regularly with every candidate in your ATS is not cost-effective. But with the right tech stack and communication strategy, not only can you communicate regularly with high volumes of candidates, but you can create scalable processes that replicate and expand upon your highest performing recruiter\u2019s communication with your most valued candidates.\u00a0\u00a0<\/span><\/p>\n<h3><strong>Data\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">A great communication strategy and the right technologies won\u2019t work as well as they could if your data is a mess. To leverage technology and automation to create Candidate Communities, you must be able to trust your data and have visibility into what is working\/not working.<\/span><\/p>\n<h4><strong><i>\u201cThe #1 hesitation Bullhorn hears from recruitment agencies looking to implement automation is that they don\u2019t trust their data. Clients don\u2019t hesitate because they don\u2019t believe in automation they hesitate because they don\u2019t know how to overcome their data issues to make the jump to automation.\u201d<\/i><\/strong><span style=\"font-weight: 400;\"> \u2014 Eddy Lee, Bullhorn<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Building a measurement strategy and purposefully structuring your data and operational processes helps you run your business, but it also allows you to build personal relationships and candidate experiences through technology and automation. This is the power of creating Candidate Communities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The whole premise of a Candidate Community is to <\/span><a href=\"https:\/\/www.bullhorn.com\/connected-recruiting\/?LS=Website&amp;LSD=Blog&amp;LA=ConnectedRecruiting_UK_2022&amp;LAD=ConnectedRecruiting_UK_2022&amp;utm_source=blog&amp;utm_medium=website&amp;utm_campaign=connectedrecruiting_uk_2022\"><span style=\"font-weight: 400;\">engage your talent at every stage of the candidate lifecycle<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0 The best place to start is by building an organizational culture that is obsessed with understanding the hopes, fears, and pain points of your candidates and finding scalable ways to solve them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Recruitment agencies leading the pack are investing in scalable processes, technologies, and communication strategies to ensure long-term growth and drive enterprise value. Parqa exists to get you there faster, with less risk and stronger returns.\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><a href=\"https:\/\/parqamarketing.com\/\"><em>Get help developing an effective candidate community faster with Parqa.<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For decades, the recruitment industry has relied heavily on job boards and manual sourcing for growth and delivery on client expectations. However, the talent market has evolved over the last several years, and recruitment agencies with eyes on growth and retention realise that this historic strategy is no longer the most effective path.\u00a0\u00a0\u00a0 The term [&hellip;]<\/p>\n","protected":false},"author":491,"featured_media":74605,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[585],"tags":[],"class_list":["post-75891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","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>Cultivating a Candidate Community | Bullhorn UK<\/title>\n<meta name=\"description\" content=\"Cultivate a Candidate Community by building long-term relationships with candidates through 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