iCIMS Clients Report Higher Quality-of-Hire and New Hire Retention Rates than Industry Average according to Aberdeen Group Report
– Best-In-Class Strategies Point Towards the Use of Talent Acquisition Platforms as a Key Recruiting and Retention Tool –
HAZLET, N.J. (August 26, 2008) – iCIMS, a leading Software-as-a-Service (SaaS) provider of talent management platforms, has recently co-sponsored the Aberdeen Groups July 2008 Talent Acquisition Strategies report, and the results reaffirm the changing landscape within human resources. The report surveyed 622 organizations across all industries, company sizes, and revenue totals.
Keeping in mind that “the ability to identify, engage, hire, develop, and retain talent has never been more pressing or complex,” Aberdeen details key Best-in-Class performance criteria, ultimately recommending core strategic actions to spur performance improvements in the talent recruiting and retention arena.
Addressing these complex talent needs demands an aggressive call to action. Aberdeens report indicates that globalization and future workforce planning are two key initiatives for strategic HR organizations; and iCIMS’ clients, in particular, are more likely to prioritize these needs than the industry average, as displayed by survey responses. The breadth and global capabilities underlying iCIMS Talent Platform make the software solution an easy choice for forward-looking organizations intent on powering a global workforce, both in the present and future.
“iCIMS is proud to co-sponsor the Aberdeen Groups Talent Acquisition Strategies report this year, and we are enthusiastic about what the research reveals,” said Susan Vitale, director of marketing at iCIMS. “This report reaffirms that iCIMS is an ideal solution provider for organizations interested in going global as well as for HR departments interested in expanding their talent management software to include tools outside of applicant tracking, such as workforce planning or performance management.”
iCIMS web-based Talent Platform is capable of automating both pre- and post-hire elements of the talent lifecycle, from initial application through post-hire employee management. With clients ranging from small businesses to mid-market companies to Fortune 500/Global 2000 corporations, iCIMS is one of the largest and fastest-growing providers in the space. Placing a strong emphasis on customer satisfaction, iCIMS backs its technology offering with 24×5 client support and consulting services, as well as complimentary training sessions to ensure user adoption. Moreover, the platforms easy scalability enables users to effortlessly configure and adapt the system to suit their organizations evolving needs.
The industry-recognized Talent Platform and customer support teams provide iCIMS clients with a competitive advantage in their search for great talent. iCIMS end-to-end technology solution ensures clients have visibility into reportable and accountable talent management data–key ingredients to Best-in-Class success.
iCIMS customers are more than twice as likely to have fully automated talent acquisition systems in place than non-iCIMS users according to survey data. Furthermore, survey figures reveal that iCIMS customers report higher percentages of hiring manager satisfaction, improved quality of hire, and increased new hire retention than the industry average. Other statistics further indicate the effectiveness of implementing iCIMS technology to cover talent acquisition needs:
* 39% of iCIMS clients are adopting the best practice strategy of marketing through new means (Web 2.0) as opposed to only 29% of all companies surveyed.
* iCIMS clients dont face the same retention troubles as non-iCIMS clients: workforce turnover is a top internal challenge for only 30% of iCIMS users, unlike 36% of all companies.
* iCIMS customers are far less likely to report quality of job hires as a major problem compared to the general survey pool.
“Organizations that aggressively pursue talent acquisition strategies are more likely to invest in technology solutions that help them better locate and engage job candidates, assess the skills and attributes of those candidates, and bring applicants on board that are more likely to succeed in their new job roles. This gives the organization advantages in both recruiting and retention,” asserts David Weldon, Aberdeen research analyst and author of the report.
There are clear lessons in the survey data regarding which organizations will be more successful in their talent acquisition efforts, and these lessons center around the selection of robust technology tools and the effective deployment of those tools. Empowered by easy-to-use, scalable talent management technology, iCIMS users are finding it progressively easier to not only recruit quality talent but retain it, and equally importantly, to evaluate talent when it comes through the door. David Weldon agrees: “Web-based talent solutions are not the wave of the future but the present, and an increasing number of companies are seizing the advantages provided by these tools.”
Source: iCIMS
