Did you know? More than 75% of large companies use an ATS to streamline recruiting; small and medium enterprises follow suit. The adoption of HR recruitment software among small businesses is quickly growing. One of the biggest challenges in recruitment is finding the best candidates in the highly competitive market. The top talent is gone from the market within ten days. Hence companies need to speed up their hiring process to grab the best candidates. This is where ATS comes to the rescue.
ATS was first created in 1994 by the Monster Board. However, they have drastically evolved and revolutionized recruiting. ATS is growing more popular now. Let us see why your company needs an ATS for quality recruitment.
What is an Applicant Tracking System (ATS)?
An Applicant Tracking System (ATS) is software that streamlines and improves the whole hiring process. The ATS enables companies to collect candidate information and organize the data based on the requirements such as skillset, experience, etc. It helps you speed up candidate management, fill up new positions, and keep track of all recruiting activities.
Before we see why you must need applicant tracking software, let us see the benefits of using an ATS candidate tracking system.
Benefits of using an Applicant Tracking System
- An ATS software screens CVs faster using algorithms and saves recruiters’ time for important tasks.
- Improves collaboration among HR teams by keeping them on track and supports their decision-making process.
- Enhances the quality of hire by using algorithms that find the best-matched profiles.
- Speeds up the recruitment process by taking out manual processes and reduces time-to-fill positions.
- Streamlines the whole recruitment process and boosts candidate experience, which boosts your employer brand.
6 Important Reasons Why an ATS is Must for Quality Recruitment
Saves Tons of Time
An Applicant Tracking System saves huge time by automating tasks that require manual work and effort. With an ATS by your side, your recruiters need not go through hundreds of resumes each day to find one right profile. A recruiting software screens resume, picks the matching and qualified candidates, and stores them on your dashboard.
The best ATS systems also automate emails, interview scheduling, and engage candidates by keeping them posted about their status.
Saves Money
An ATS makes the work more productive and cost-efficient by automating mundane and time-consuming tasks. It provides insights into where your applicants are coming from. This helps you plan your recruitment marketing strategies, such as which channels and what type of ads to focus on.
Moreover, you can build and nurture talent pools with applicant software. This way, you will have a pool of great candidates whenever you have a new job role. Hence, you save a lot of money as you can skip many phases of recruiting process and directly schedule interviews with qualified candidates.
Simplifies & Streamlines the Hiring Process
An ATS simplifies and streamlines the entire hiring process. It helps you create job posts and publish them on various job boards in a single click. It also automates email communication with candidates and enhances collaboration among HR teams and decision-making processes. For example, sometimes recruiters come across several duplicate resumes, and that consumes a lot of their time. An ATS recruitment software makes the workflow of your HR department fast, accurate, and straightforward.
Improves Quality of Hire
One of the important reasons your company must use an ATS is that it helps you grab the best candidates faster. It allows you to build a massive pool of top candidates and store all the information in the database. This way, you will already have a list of matching candidates when you are looking for a candidate in the future.
Moreover, an ATS makes screening faster and shortlists candidates that best match your requirements using an algorithm.
Provides Insights
The other vital reason every modern enterprise should use an ATS for recruitment is that it allows you to understand and analyze recruitment metrics. It provides useful insights into your candidates’ data, recruitment trends, and strategies and helps you make better hiring decisions. This way, it also saves you from wasting on recruiting strategies that don’t work. With all the useful insights, you will reduce cost-per-hire.
Enhances Candidate Experience & Boosts Employer Brand
Candidate experience has become more vital than ever now. More than 83% of candidates say a negative experience can change their opinion about the company. The candidate experience directly impacts your employer brand. The job market has become more candidate-centric, and candidate experience matters a lot to grab the best talent. An ATS helps you to provide better candidate experience throughout their journey.
Using a secure cloud-based ATS is not just a luxury for businesses these days; it has become a must with the growing competition in the job market. An Applicant Tracking System software makes the recruitment process faster and more efficient.
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