In today’s business world, the process of recruiting has changed dramatically. With the advent of social media and online job boards, businesses now have a wide pool of candidates to choose from. However, this also means that there is more competition for jobs. As a result, companies need to be more strategic in their recruiting efforts to acquire the best candidate.
They need to identify the key skills and qualities that they are looking for in a candidate. Then use targeted advertising and screening methods or implement an applicant tracking system to find the most suitable applicant. In this article, we will learn what ATS is and how it benefits employers.
What is Applicant Tracking System or ATS?
When it comes to job or candidate hunting, one of the most common questions asked is, “what is ATS?” It is a software system or tool that helps companies manage aspiring job candidates throughout the recruiting process in a more efficient way. ATS can also help identify, screen, and track the credibility of the applicants.
An ATS can be used to post job openings on a company website or job board, screen resumes, and track applicants through the hiring process. Many ATS applications are available as web-based software-as-a-service (SaaS) solutions that can be accessed from any internet-connected computer.
Some of the features commonly found in applicant tracking systems include resume parsing, candidate screening and ranking, interview scheduling, and reporting and analytics. Applicant tracking systems are used by businesses of all sizes in various industries, including healthcare, manufacturing, retail, and technology.
Powerful Benefits of Applicant Tracking System Software
In a fast-paced and ever-changing business world, it’s more important than ever to have a streamlined and efficient hiring process – and that’s where applicant tracking system software comes in.
ATS software provides many powerful benefits for businesses, from saving time and money to improving the quality of hires. Here’s a closer look at some of the key benefits of using ATS software.
1. Saves Time for Value Added Work
An applicant tracking system is a powerful tool that can save organizations valuable time. By automating the posting and listing of job openings on job boards and filtering out irrelevant applications, an ATS can help organizations speed up the hiring process.
In addition, by automating the process of candidate screening and communication, an ATS can free up valuable human resources for other tasks. It helps them to improve their efficiency and effectiveness in recruiting top talent.
2. Reduce Paperwork Stress
An applicant tracking system online software is a powerful recruitment tool that can help organizations reduce paperwork stress. By automating onboarding paperwork and document management, ATS software can help businesses verify the information and keep track of applicants more efficiently.
In addition, ATS software can help businesses streamline the hiring process by allowing managers to post job openings and receive applications online. As a result, companies using ATS software can save time and money while reducing the hassle of managing paper documents.
3. Improved Cost-Per-Hire
The applicant tracking system tools have a number of powerful benefits that can improve your cost-per-hire.
One of the main benefits is a better screening process. By using ATS software, you can quickly and easily identify unsuitable candidates, which eliminates the need for expensive and time-consuming screenings. This saves you time and money, as well as reduces the stress and anxiety that comes with hiring new employees.
ATS software also helps you to keep track of your hires, which gives you visibility into their performance and allows you to address any issues early on. This helps to prevent difficult situations from arising down the line and ensures that your team is performing at its best.
In addition, ATS software provides a centralized system for managing all your hiring activities, which makes it easier to monitor workflow and eliminate unnecessary waste. This not only reduces costs but also improves efficiency and accuracy in your hiring process.
4. Improved Inter-Departmental Communication
Applicant tracking system software can help improve interdepartmental communication in a number of ways.
For example, it can send messages easily so that everyone involved in the process can quickly get updates on what’s going on. It can also schedule emails in bulk so that they’re sent at a specific time, which makes them easier to read and manage. And lastly, it can track the progress of each application so that all parties know where things stand.
Overall, applicant tracking system software has many powerful benefits for recruitment teams. Improving communication and keeping everyone updated on the status of applications helps ensure that the process runs smoothly and as efficiently as possible.
5. Improve Hiring Compliance
ATS software can help improve your hiring compliance by automating the process of tracking and managing employee records.
If you’re an employer, using ATS software can make it much easier to track your payroll and labor law compliance. This is because it will keep track of all wages, hours worked, and other related information. It will also help you avoid fines that may be associated with not complying with employment laws.
In addition, ATS software can automatically send compulsory notices to employees if their wages or hours fall outside of normal working patterns. This helps ensure that you don’t run into any legal issues down the line.
ATS software can also help you train your staff effectively. This is because it provides a centralized location where you can upload training material and track how well employees are learning it. This way, you can ensure they’re up to date on the latest workplace regulations.
6. Lower Bounce Rates on Job Ads
Applicant tracking system software can help reduce the number of job applicants who bounce or abandon their applications. A bounce occurs when an applicant doesn’t finish the application process, and an abandoned application is one that hasn’t been responded to in a timely manner.
Applying through an Applicant Tracking System (ATS) reduces the amount of time that it takes to process your applications, which in turn reduces the amount of time you spend on recruitment. ATS systems also keep track of all the applications that you submit and avoid sending them to candidates who have already been rejected by other employers. This helps you focus your recruitment efforts on candidates who are still open to applying.
Overall, using an ATS system will help you reduce the number of rejections that you experience, which leads to a higher rate of successful hires.
Also read: 14 Best Recruiting Software for HR and Agencies
Conclusion
It is evident that an ATS provides employers with a multitude of advantages and benefits. By automating and streamlining the hiring process, an ATS can help employers to save time and money, while also improving the quality of their hires. In addition, an ATS can help to create a more positive candidate experience, which can improve employer brand reputation.
