isolved, a leading human capital management (HCM) partner, is unveiling several talent-focused product releases and roadmap innovations during its Virtual Connect conference this week. These updates are in direct response to urgent workforce challenges, highlighted by a recent survey revealing that 57% of U.S. business owners have lost business due to being understaffed. To combat these challenges, isolved is modernizing the candidate experience and enhancing talent acquisition outcomes, empowering businesses to hire faster and more effectively.
Key Innovations and Enhancements
- Artificial Intelligence (AI) Integration:
- Enhancements within isolved People Cloud™ are transforming the candidate experience, improving the efficiency of hiring processes and delivering measurable results.
- Job Ad Authoring:
- This feature allows HR teams to create targeted, engaging job descriptions quickly and accurately, reaching more suitable candidates and improving the quality of applicants from the outset.
- Candidate Matching:
- Utilizing AI to score candidates based on qualifications and fit, this tool significantly reduces time-to-hire. In just nine months, isolved has scored over six million applicants, showcasing the effectiveness of AI-driven hiring solutions.
Leadership Insights
- Amy Mosher’s Commentary:
- “As a high-growth business ourselves, it’s critical to leverage tools that enhance efficiency and deliver measurable outcomes. By utilizing our own Job Ad Authoring and Candidate Matching capabilities, we’ve increased productivity by 30-40% and reduced time-to-hire by 38%. Our customers are experiencing similar success, illustrating the value these solutions provide for businesses aiming to attract talent faster.”
Upcoming Capabilities
- Candidate Talent Hub:
- This tool ensures candidates are actively considered for future roles when used with isolved’s applicant tracking system (ATS), ensuring no potential candidates are overlooked.
- Candidate Relationship Management (CRM):
- Designed for talent acquisition, the CRM allows businesses to build and nurture long-term relationships with prospective candidates, maintaining an active candidate pipeline.
- Tailored Hiring Workflows:
- Offering customizable processes based on specific roles, this feature enhances recruitment efficiency and flexibility.
Future Plans
Following the release of these Q4 capabilities, isolved is set to deliver impactful solutions into H1 2025. Notably, the AI-powered Virtual Hiring Assistant will automate key hiring processes, significantly reducing administrative workloads and accelerating recruitment, allowing HR teams to focus on more strategic initiatives.
In addition to these product innovations, isolved has expanded its Recruitment Process Outsourcing (RPO) services, now supporting over 1,000 customers. These Talent Services enable businesses to streamline end-to-end hiring, allowing them to focus on broader strategic goals while isolved manages the complexities of talent acquisition.
