Business is global, there are as many as four generations in the workplace, consumer technologies are flooding the enterprise, and your employees (and the candidates for your open requisitions) have new demands and expectations about the very nature of work itself. The future of work may be here, but the enterprise has some catching up to do.
A big part of this catch-up is changing the way that recruiting and applicant tracking is handled. Today’s market for talent is a fluid one with workers being asked to update their skills more often than ever. And recruiting is no longer a static or periodic event -- 74% of workers are either actively searching for a new job or open to new opportunities.[1]
We think it’s time that organizations reimagine the way they source and recruit new talent. This starts with understanding the value of social networks, referrals, and internal sourcing. It’s been reported that, 81% of workers use social and professional online networks for research purposes prior to applying for a job (more than those who refer to a company’s Web site for information).[1]
The goal should be using technology to forge deeper relationships with the right candidates and build lasting value for employee and employer alike.
Moving Beyond Just Filling Jobs with the Cornerstone Recruiting Cloud
With our latest release (arriving June 21), the Cornerstone Recruiting Cloud truly comes of age. A slew of new features puts the Recruiting Cloud at the forefront of 21st-century recruiting technology and signals a further move away from the legacy ATS technology of a previous generation.
Developed with both recruiters and candidates (internal and external) in mind, the Recruiting Cloud is designed to be natively social and unified with the rest of the Cornerstone Integrated Talent Management suite - driving both external referrals and internal mobility while cutting the time to fill, as well as increasing quality of, new hires.
With the new enhancements in our Spring 2013 release, the Recruiting Cloud will deliver the very best applicant tracking requirements in tandem with exactly what you need when it comes to tracking social sourcing and employee referrals. Some highlights:
- Interview Management. Effectively schedule, manage and track every element of the candidate interview process within the Cornerstone system. Integrations with Microsoft Outlook and other organizational calendars make it easier to confirm days and times on people’s schedules, as well as provide interview prep materials.
- Embedded Video Interviewing, powered by HireVue. Video interviewing capabilities from HireVue are seamlessly integrated with the Recruiting Cloud, enabling talent teams to connect with candidates sooner, no matter where they are, and provide more immediate feedback to hiring managers.
- Mobile Recruiting. Cornerstone Mobile makes it more convenient for recruiters and hiring managers on the move to stay in the talent loop from any mobile device. Users can review resumes, collaborate on applicants, check the status of candidate pipelines and review organizational requisition dashboards from any smartphone or tablet.
- Cost Tracking. Recruiters are now able to analyze and manage hiring costs associated with job placements and agency fees. Identify the best cost-per-hire based on source.
- Background Checks, powered by HireRight. Kick off onboarding activities sooner via a direct integration with HireRight. All candidate information is quickly and easily populated into background check forms.
This is the fourth release we’ve had for the Recruiting Cloud since it was launched just a year ago, and in that time we’ve made significant strides in building it into a world-class solution for talent acquisition, on par with – and in specific ways, more advanced than – the so-called leading legacy systems. In the coming months, we’ll be introducing even more product advancements that we think will further set us apart as the recruiting system for the new workforce.
The Resume is Dead, Long Live the Resume
We encourage our clients to deploy the Recruiting Cloud in tandem with the innovative new features we’re releasing around Universal Profiles. Emphasis has moved away from paper resumes and toward social profiles that are more performance-based and skills-oriented.
The modern universal profile paints a more accurate picture of how the employee or candidate can actually contribute and how they can complement corporate culture, when compared to the more traditional (and more one-dimensional) resume of yore.
[1] (Career Builder, "Candidate Behavior Study: The Myth of the Passive Job Seeker" 2012
Related Resources
Want to keep learning? Explore our products, customer stories, and the latest industry insights.
Blog Post
Steering towards agility: How organisations navigate change
The change in the world of work has recently brought with it a number of challenges. Innovations such as artificial intelligence are creating faster, completely new cycles of talent development, and this transformation sometimes creates completely new structures and hierarchies within the workforce.
Blog Post
Decoding talent's blueprint: Key takeaways and stories from the THI roundtable
Amidst the bustling energy of London's St Pancras Station, where throngs of commuters rush through, an extraordinary event unfolded on November 30th. Cornerstone, together with Perry Timms, Founder and Chief Energy Officer at People & Transformational HR Ltd, and Dominic Holmes, Principal, Strategy and Value at Cornerstone, organised a captivating roundtable that transcended the station's hectic ambiance to delve deep into the essential flow of talent within businesses.
Blog Post
TXP: 5 ways to transforming employee experience
We live in the era of infinite digital experience, one in which the customer’s last best digital experience becomes the minimum standard they will accept. The customer’s experience delivered via mobile, tablet and desktop translate to the workplace; employees expect a customer-centric experience that is designed around their needs, one that is intuitive, simplified, personalised and available on any device. The shift to hybrid / remote working has raised and amplified employee expectations for their enterprise applications to mirror the best experiences available in the consumer realm.