Recruiting and onboarding is a $120 billion industry worldwide. As a result, software developed to streamline operations in these areas has created an industry of its own, worth $1.5 billion and counting. While there’s been some debate on whether recruiting and onboarding software is an actual business must-have, or just a nice-to-have, we decided to do some investigating to uncover the truth.
Our findings reveal that there’s really only one type of carrier who needs recruiting and onboarding software – one who (1) wants more drivers, (2) would like to save time and money, and/or (3) is looking for better bottom line results. Let’s explore why.
1. Recruiting and Onboarding Software Means More Drivers
For most carriers, 40% of applications in a given every month are from applicants who have applied in the past, but reportedly dropped out or stalled in the process. Rehires are a big portion of business. We’ve also seen that 88% of job applicants who receive quick responses and experience a seamless process are more likely to re-apply to that same carrier later on down the road. Faster and easier onboarding leads to more applications as the coveted word-of-mouth marketing kicks in and carrier reputations are perceived as positive. More applications lead to more qualified drivers. In an industry as competitive as trucking, having software services like Tenstreet’s Continuation IntelliApp , which boosts conversion rates for drivers by 25% on average, pushes you to the top.
Additionally, carriers who manage recruiting and onboarding with Microsoft Excel or Word documents hold application sessions that result in completed applications just 13% of the time, while carriers using the Intelliapp complete applications 75% of the time. That’s a jump of 475%!
2. Recruiting and Onboarding Software Saves Time, Money, and Hassle
Carriers who don’t utilize recruiting and onboarding software put their recruiters at a disadvantage compared to their software-using peers. The pressure to complete every logistical task consistently – coupled with the need to be accessible to drivers actively in the onboarding and recruiting process – is a breeding ground for the type of human errors that software eliminates. Carriers with automation in place, which takes care of tedious or repetitive tasks, respond 20% faster to applicants as they have more time to focus of driver’s unique needs.
The savings continue to finances as well. 53% of carriers have stated that their opposition to software has been the price, but adopting onboarding and recruiting software actually saves carriers between 25% and 40% by correcting common workflow errors. Carriers can then use these savings to reinvest and attract more drivers.
3. Recruiting and Onboarding Software Yields Better Bottom Line Results
The cost of empty chairs in a carrier’s orientation adds up. Tenstreet’s network of over 3,000,000 drivers convert hundreds of thousands of applicants to complete, DOT-compliant applications every single month by using a pre-population feature, making application completion fast and easy.
With nearly half a million different carriers competing for drivers, having cutting edge software makes all the difference. According to Deloitte, 47% of companies use recruiting software that’s over 7 years old. This puts Tenstreet users on the vanguard, as their software is continually being developed to align with the transportation industry’s ever-changing needs.
Key Takeaways
If you are that one type of carrier who wants:
- More applicants and drivers,
- To save time, money, and hassle for every level of executive and employee in your company, and/or
- Better bottom line results
then Tenstreet software is for you. We offer integrated solutions not only in Recruiting and Onboarding, but in Marketing, Retention, and Safety as well. Reach out to support@tenstreet.com for a demo, or complete this short form and we’ll get right back to you!
