Recruiting Terminology

Before diving in understanding the technicalities of the Workday Recruiting world,  let's go through a few jargon frequently used in the Recruitment world.

• Applicant Tracking System(ATS): An ATS is a software application that enables the electronic handling of recruitment needs. It can be implemented on a large-scale or small business level, depending on the needs of the company. Applicant Tracking Systems generally require an integration to communicate with an enterprise resource planning (ERP)
• Job Requisition: Job requisition serves as a request for the new hire and provides an explanation of this need and determines the budget need to make a new hire.
• Evergreen Requisition: Pipeline requisition that doesn’t require approval for the purpose of collecting candidates.
• Prospect - Applicants who are not assigned to Job Requisitions.
• Candidate - Applicant that is assigned to a Job Requisition.
• Supervisory Organization: Department/Manager who will be hiring
• Ranking: Ranking involves imposing relationships among a group of candidates such that, for any two candidates, the first is ‘ranked higher than,’ 'ranked lower than,' or 'ranked equal to' the second. Recruiters use this to help them manage their high-volume requisitions, so they can locate the candidates that have a better chance of being a fit. By reacting to these candidates faster, their time to fill positions will decrease and they will have a better chance of hiring candidates before they find other opportunities. 
• Candidate Funnel: The channel that takes candidates through the recruiting process. Initially, candidates submit resumes into Workday, starting your resume review starts to narrow the funnel. Next, the phone screen and any configured elimination questions narrow it even more. This filtering continues through interviews and your configured job application process until you have a candidate to whom you make an offer.
• Passive Candidate: Passive candidates are qualified candidates who are not necessarily looking for work, but who may be interested if the right job comes along. Integrations to third-party vendors, such as LinkedIn, can help you find passive candidates for your job requisitions in Workday.
• Pipeline: A pipeline is a group of candidates that the company would be interested in pursuing when a job opening comes along that fits their skillset.