What is Applicant Pool? | Meaning & Definition | Akrivia HCM

The term is used to describe the number of people looking for a job by sending in their resumes or filling out an application.

The size of an applicant pool is determined by a variety of factors, including the job description, the amount of experience required, the required skill set, the offered compensation, the application process’ intensity, the channels through which the job is advertised to potential candidates, and so on.

Applicants’ pools have grown due to online job advertising, making it easier for potential employees to find and apply for employment.

Pre-employment tests are frequently used in the early phases of the hiring process by organizations with substantial applicant pools. Defining relevant selection criteria is critical to narrowing the applicant pool to applicants who are fit for the post.

Employers then choose to forward the candidates who score well enough on the tests to the next step in the evaluation process based on the collected data, simplifying the process and allowing hiring managers to focus their time and resources on individuals who match the positions basic requirements.

An applicant pool comprises all the people who have applied for a specific job. The size of an applicant pool varies depending on the job description, the level of expertise necessary, the length of the application process, the competitiveness of the remuneration package offered, and the methods used to reach out to possible candidates. Applicants’ pools have swelled in recent years due to online job advertisements, making it easier for job finders to find and apply for positions.

Companies with substantial candidate pools may benefit from adopting pre-employment tests early in the hiring process because the information gathered from these tests may be utilized to filter down vast applicant pools on the front end. Employers can upgrade to the next level of the review process only those candidates who perform well enough on the tests, allowing hiring managers to focus their time and resources on candidates who match the position’s basic requirements.

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