27th July 2021 | 0 Comments
•Talos Guides 3 MIN READ
The numerous benefits of recruitment software (ATS) are clear to HR professionals. To secure buy-in from your senior leadership team, it’s crucial to know what makes a winning business case. Here we discuss how you can create a strong business case for your Applicant Tracking System (ATS).
A business case is a proposal used to highlight the benefits and use-cases of an investment to key business stakeholders.
This is an essential tool for securing buy-in from your leadership team; it’s crucial to understand how to produce one successfully.
For recruitment software, this involves identifying how your chosen product will help your team to succeed – and the benefits for the wider business.
A strong business case for recruitment software ensures your senior leadership team are aware of the challenges you are facing, and how their investment will help.
This is especially useful when explaining a product’s benefits to those outside of the HR/staffing field, who may not fully understand the various processes. This increases the chance of your company investing in software tools to help your team.
Writing a winning business case doesn’t have to be difficult. By following the below steps, you can create a strong case for your company’s investment – securing buy-in from your leadership team:
The first step to writing a winning business case is to identify the problems your team are facing. For recruitment software, this means assessing:
Answering questions such as the above will help to highlight the key issues currently faced by your hiring team. This helps to promote the case for your chosen solutions.
Read more: How to speed up recruitment
Once you’ve established your team’s hiring challenges, you’ll need to identify the plausible solutions. You should consider:
Be sure to compare and contrast the different products available. Providing more options will increase the likelihood of your leadership team investing in a solution.
Do your research; work through the various options to establish a shortlist, giving use-cases for each solution.
Present your shortlist to your leadership team, allowing them to analyse each solution and ask any questions necessary.
When presenting your business case, it’s likely that your leadership team will have a number of questions relating to each product and use-case.
Make sure you’re in a position to answer any questions your leadership team may have. Preparing for critiques and concerns increases the chance of securing investment.
Nothing provides a better case for investment than solid stats and figures. Estimate how each solution will improve the day-to-day operation of your business.
Preparation is key for providing a winning business case. Collaborate with your team, and use real-time data to identify key operational challenges in your hiring strategy.
Talos is the ultimate all-in-one solution for in-house recruitment, giving you all the tools necessary to attract, manage, and hire top talent effectively.
With Talos, you won’t need to provide a business case for each individual piece of recruitment software – everything you need is included in one intuitive package.
Talos presents a strong business case for improving hiring efficiency, employee retention, and cutting recruitment spend. Here are some key benefits:
Discover a better way to approach in-house recruitment – save time, cut costs, and secure strong new talent for your business:
Beck is here to bring you the latest in HR tech news, hiring tips, and exciting updates from Talos.