Every company desires growth. Also, growing companies have growing needs. With growth, the keen need of hiring more people also increases exponentially. As important as it is, however, bringing in new individuals on a greater scale can get tedious. With the lack of an efficient process to handle an inrush of applications and resume, hiring can be stressful. Especially it is tougher when your organization is growing. So, an Applicant Tracking Software can help you manage the recruiting strategies a lot better than manually doing it. However, if you still not a fan of an Applicant Tracking System, this post will make you. Let’s take a look at 5 ways how an applicant tracking system can make your life easier.
Hiring the right people is very important for any company’s success. It is essential that you have a highly driven and skilled set of people working towards the growth of your organization. However, as important as hiring is, it can get pretty complicated too. Especially, when growing and expanding. So, organizations need to rethink and change their hiring strategies. Instead of doing things manually, consider an Applicant Tracking System.
Applicant Tracking Systems have become the backbone of many organizations’ recruiting processes over the last few years. In fact, the popularity of Applicant Tracking Systems is expected to grow in the coming years. According to a report, the global Applicant Tracking System Market is forecasted to grow at a rate of 7.4% from USD 1.38 Billion in 2019 to USD 2.22 Billion in 2027.
HR professionals and recruiters from all over the world have embraced the utility of Applicant Tracking Systems. However, if you are still not convinced, here are 5 ways how an applicant tracking system can make your life easier.
1. Save Money And Time
We all are familiar with the proverb, Time is Money. It means that time is a valuable commodity as is money. So, the quicker you get things done, or in this case, hiring the right people, the more money you’ll save. An Applicant Tracking System speeds up your recruitment process by automating a major chunk of the whole process. It reduces the overall time-to-hire.
Along with overall time-to-hire, an ATS also reduces the cost-per-hire as well. An ATS simply saves you money by saving your time. Many of the tasks like resume parsing, interview scheduling, etc., need hours of work if done manually. All these tasks can be done in a much shorter time using an ATS. Shorter time implies lesser human hours and more productivity. This eventually, enhances the cost-effectiveness of your hiring process.
2. Enhance Quality Of Hire
Using an ATS can help you hire the right candidates faster. This eventually enhances the quality of your hire. Quality of hire means the total value a hired candidate adds to your organization with their performance. Many ATSs let you set pre-defined qualifications and criteria that separate unqualified applicants. This ensures that you only select the recognized and ideal candidates. In turn, it improves the quality of hire.
Did you know that according to research, great quality candidates stay available only for a span of 10 days! Since an ATS reduces the time-to-hire, you can also keep quality candidates engaged.
3. Ease Your Workload
The sole purpose of designing an Applicant Tracking System was to ease the workload of recruiters and HR professionals. The most significant features of an ATS is to automate the recruitment process. This helps you to identify the ideal candidate without any hassle.
An ATS streamlines and automates many parts of the hiring process like online job posting, interview scheduling, resume screening, etc. This helps recruiters and HR professionals relieve much of the manual work and focus on other aspects to improve the hiring process.
4. Improve Candidate Experience
Apart from making your hiring process efficient, an ATS also boosts your candidate experience. It doesn’t only save time for you, but it also saves time for your applicants as well. An ATS helps candidates to easily and quickly apply for a job which in turn makes the candidate experience better.
Also, a candidate would never want to keep waiting for regular updates on their application. An ATS helps you keep a track of the complete hiring process. So, you can make more insightful and data-driven decisions about your applicants and keep them updated.
5. Track The Recruitment Compliance
Compliance refers to the ability to abide by the laws and regulations. Just like everything else around us, the recruitment and hiring industry also abide by certain rules. These rules constantly keep changing and amended. While complying with these set of rules may seem simple, it can get complicated. Fortunately, ATSs make recruitment compliance a lot easier and hassle-free.
The software of ATSs structures your hiring process in such a way that it stays compliant throughout the complete hiring process. An ATS assists with meeting all the diversity inclusion objectives in your hiring process. This way, you and your company stay protected from lawsuits and controversies.