Product Overview: Paycor Smart Sourcing
Introduction
Paycor Smart Sourcing is an advanced recruiting solution designed to streamline and enhance the talent acquisition process. This platform leverages artificial intelligence (AI) and a vast database of candidates to identify, engage, and deliver top talent to organizations efficiently.
Key Features and Functionality
Automated Candidate Sourcing
Paycor Smart Sourcing acts as a virtual sourcing assistant, tapping into the world’s largest database of passive candidates, comprising 1.5 billion profiles. It automatically identifies and contacts the best candidates for each role, significantly reducing the time and effort required in the sourcing process.
Comprehensive Job Posting
The platform programmatically posts jobs on thousands of job sites, ensuring maximum exposure and reach to both active and passive job seekers. This automated process helps in attracting a diverse pool of qualified candidates.
AI-Powered Search
Utilizing true AI-powered search capabilities, Paycor Smart Sourcing can uncover candidates who may be missed by traditional recruiting systems. It identifies active candidates looking to change jobs, passive candidates not currently in the market, and diverse candidates based on numerous parameters. This ensures a broader and more diverse talent pipeline.
Diversity Recruiting
The platform is equipped with features that focus on diversity recruiting, using AI to identify and engage diverse talent. It tracks diversity KPIs and helps create a roadmap for hiring and retaining diverse employees, all without offering preferential treatment.
Candidate Engagement
Paycor Smart Sourcing includes tools for instant communication with candidates, such as candidate texting. This feature allows recruiters to reconnect with candidates, send follow-up information, and timely reminders, enhancing candidate engagement and the overall hiring experience.
Efficiency and Cost Savings
By automating the sourcing process, Paycor Smart Sourcing can decrease sourcing time and costs by up to 75%. It helps recruiters focus on the personal aspects of their job, such as leading teams, coaching, and developing relationships with candidates, leading to higher candidate engagement and better hiring outcomes.
Integration and ROI
The platform integrates seamlessly with other Paycor HCM solutions, providing a unified approach to talent management. Additionally, Paycor offers an ROI calculator to help organizations determine the potential savings and return on investment from using Smart Sourcing.
Summary
Paycor Smart Sourcing is a robust recruiting tool that leverages AI and a massive candidate database to streamline the hiring process. It automates job postings, identifies diverse and qualified candidates, and enhances candidate engagement, all while reducing time-to-hire and associated costs. This solution is designed to help recruiters work more efficiently and effectively in a challenging labor market.