It’s a common problem: Once a company or recruiting agency fills an open position, the applicants who didn’t get the job get pushed into a growing database of idle candidates that go back years. These candidates tend to go idle after only 2 months; however, this database serves as an incredible channel that companies could be using to source candidates for other open roles.
One recruiting agency was facing the challenge of keeping the information for every candidate in their database current so that they could be matched to relevant positions in the future. Because of this, many candidates kept ending up lost in their database with outdated information. Fortunately, now offers a tool with the ability to wake up existing, idle databases that are full of interview-ready candidates.
Woo's product, the Automated Sourcer, automatically creates personalized relationships with your candidate database by obtaining their updated profile and job expectations to automatically bring them relevant opportunities and ultimately bring you interview-ready candidates.
The product uses powerful machine learning technology to find the right match that both meets your job requirements and manages to respect the candidate’s requirements, without bias. This same technology also adjusts matches based on the candidate’s decision as well as the recruiter’s decision, so companies are only given candidates who are interested in the role.
A 1 year period wields, 22% of the initial candidates reached out to and matched, showed interest in the new opportunity. These candidates are then passed on to a recruiter to screen. Of those candidates showing interest in the company, 57%, passed the consultants screening process. Finally, 2.25% of those who passed the screening, were hired.
*Predictive numbers based on a 12 month simulation of 100,000 candidates > 22,000 showed interest > 12,540 passed screening > 282 hired
Woo helps companies source interview-ready candidates from their existing database. We created a smart automated technology that engages and creates long term relationships with past candidates, and matches them to current opportunities.
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