Recruiters and employers use applicant tracking systems (ATS) to track candidates during the recruiting and hiring process. Businesses of any size can use this application to filter, manage, and analyze candidates with the help of this software, which can range from basic database functionality to a full-service suite.
What are the benefits of an applicant tracking system?
In order for any organization to succeed, it needs to attract, hire, and maximize top talent. The hiring and onboarding process can present major challenges to most businesses. An ATS can provide an organization with a variety of features that can help it find, hire, and retain the best candidates. Among these are:
Candidate recruitment and attraction
The reach of some organizations is insufficient to connect with top job candidates or cast a wide enough net in the market. In some cases, crucial data about the right channels for finding specific candidates may be lacking; in others, brand recognition may be lacking as well as the means to develop it. An applicant tracking system could help address these challenges. The use of artificial intelligence (AI) and machine learning can be incorporated into some systems to create an ideal candidate profile, assess and identify skills, and predict success factors to maximize hiring results. Companies can better understand candidate behavior, increase brand recognition, and target specific job seekers via the platforms and channels they prefer.
Increasing candidate engagement
From the first contact to the start date, moving a candidate through the process can be a high-touch operation. Having slow response times or poor engagement around interview schedules can easily cost you a top candidate. Having slow response times or poor engagement around interview schedules can easily cost you a top candidate.
Increasing efficiency and reducing costs
Applicants move slowly through the hiring process as a result of inefficient manual processes, poor collaboration among recruiting team members, and miscommunication with key hiring stakeholders. Due to this, the time-to-hire ratio and cost-to-hire ratio are high. By using an applicant tracking system (ATS), you can automate manual processes, improve visibility into the hiring process for the entire recruiting team, and communicate with candidates throughout the process.
99% of Fortune 500 companies use an applicant tracking system (ATS) in their hiring process.1 These companies already have the brands and resources to compete for top talent; by creating better access to candidates, an ATS can level the playing field.
Process optimization for onboarding
As part of the onboarding process, the right ATS can guarantee that candidates who accept employment have all the information they need on day one to start contributing right away, improving productivity and retention.
An applicant tracking system has many benefits for candidates
The race for the best talent is a competitive one, so recruiters and hiring managers want every advantage they can get. And as more companies transition to remote working, this need becomes even more critical. There are now more choices for the best applicants: the geography barrier has been removed, allowing them to apply from more places. For discerning candidates, an ATS can be a key differentiator. Among the benefits are:
Candidates experience an enhanced level of service
The digital experience during the job search should be frictionless for job seekers. The best applicant tracking systems automate many of the most tedious aspects of recruitment by providing auto-filling online applications. Self-service interview scheduling and seamless. Consistent communication across recruiting teams.
Increasing the efficiency of the hiring process
Recruiting teams that don’t collaborate effectively, lack visibility into where candidates are in the hiring process. Offering critical information to candidates leads to low candidate engagement. Top applicants are frustrated by this. As they base their decisions on all aspects of the job experience before accepting or declining it. Employers can use an applicant tracking system to avoid negative issues, hire faster, and build more positive word-of-mouth for their brand.
After hiring, immediate impact
Those who are the best want to get started immediately. It is an ATS that not only aids in the hiring and recruitment process but also streamlines the onboarding process. As a result candidate to full-time employees smoothly.