What is Applicant Volume?
Applicant volume is a recruitment metric that represents the aggregate number of applications received for open positions during a given period. The figure is an essential indicator of the employer’s brand value, job ad performance, and the overall demand for the role.
Tracking the applicant volume enables talent acquisition teams to assess the effectiveness of their channel management strategies. The metric provides insight into the drop-off points throughout the application process. Secondly, a large volume of applications received allows for prioritisation and balancing of the workloads for recruiters.
How to Tackle High Volume of Applications?
To reduce the number of candidates but still keep a stream of resumes coming in, recruiters should consider these options:
Apply Pre-screening Filters
Using knockout questions and pre-screening criteria can help recruiters eliminate a considerable number of applicants right away.
Parse Resumes to Extract Qualifications
Using automated tools to parse resumes would give recruiters the information needed to prioritise the candidates based on their qualifications.
Bulk Email Candidates
Email templates can be used to send mass notifications regarding status updates and next steps in the hiring process.
Self-scheduling Links
Self-scheduling portals allow candidates to book a discovery call or interview with hiring managers at their convenience.
Analyse the Yield from Channels
Recruiters need to track which job boards and channels drive the best results and focus more on them.