A Smarter and Simpler Approach to Hiring

Hiring is a slow, manual and frustrating process for candidates and employers. Despite the enormous size and importance of the human resources industry, little has changed over the last few decades to alleviate this problem. There are 149m jobs in the US across all sectors and about 6.6m job openings (4% job openings rate). In December 2018 alone, 5.9m people were hired and 5.5m left their jobs.

To handle such vast numbers, the HR industry uses a tremendous amount of technology to manage the hiring and separation process. The HRIS and ATS markets are huge, but an often-overlooked area is the management of the interview, engagement and exit process. In many cases, it takes 100 applications to get to a hire and as many as 9 interviewees to hire someone. Each applicant that goes through an interview process can have anywhere between 1 and 8 interviews putting a huge tax on the hiring organization.

A Broken Hiring Process

Vital steps in managing the candidate and employer experience through this complex process are recruiting coordination and pipeline management. There are a number of steps including setting up interviews, coordinating calendars, managing preferences and changes, collecting feedback and efficiently moving all parties through a complex and resource heavy hiring process. An average hire in the US takes 42 days to hire and more than a million recruiting professionals are used to manage this process. But recruiting coordination is very manual today with little technology to support the coordinators and recruiters. This leads to a huge problem where candidates experience delays in hiring and companies lose valuable candidates due to waiting. The average cost per hire is about $4400 and 15% of that is purely due to recruiting coordination and candidate pipeline management. But putting the numbers aside, a poor candidate experience can dramatically lower the chances of getting a candidate you want.

“A major concern was around the complexity of scheduling. We are very aggressive in terms of onsite interviews. That has a toll on finding and keeping coordination talent and managing the candidate experience” — Enterprise Customer

MyAlly

MyAlly addresses these issues by reinventing the candidate and the company hiring experience. MyAlly’s Candidate Experience Management (CXP) platform helps HR teams design the interview process in detail. Then the MyAlly AI reaches out to candidates and interviewers to set up interviews, collect feedback and move the candidate through the recruitment process. It handles cancellations, changes and over time learns the preferences of the organization to optimize the recruiting process even further.

Smarter & Simpler

This lets HR team focus on discovering top talent, interviewing standout candidates, and delighting every applicant with a positively memorable user experience. By automating interview scheduling and the candidate evaluation process, My Ally helps recruiters and recruiting coordinators shed the burden of administrative work that achieves nothing more than sapping their productivity, time and energy. Coordination takes up to 80% of the recruiting coordinators time and MyAlly empowers them to focus on the candidate and other tasks that can lead to career growth.

The best part is that existing workflows don’t have to change. The recruiter and recruiting coordinator have full control, visibility and deep insights into the process and can operate at a scale and speed that was not possible before.

“My Ally has absolutely transformed recruiting at our company. We’re able to move candidates so much more efficiently through the recruiting process and I have more time to focus on higher level projects.” — Enterprise Customer

At an organizational level, MyAlly reduces the time to hire and the cost to hire. The quicker and more personalized process leads to improved decision making and a highly engaging, more fruitful candidate experience which results in a better close rate. This not only enhances the reputation and capabilities of the organization but also lets them connect with a lot more applicants in the same amount of time leading to a more effective hiring process for everyone.

“With MyAlly, we are confident that we will be able to improve our hiring efficiency and, as a result, be able to deliver to our candidates an exceptional candidate experience.” — Enterprise Customer

At Storm, we are thrilled to join the team on their journey.

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