Every day recruiters are flooded with hundreds of resumes for various jobs advertised. Now, they have this huge responsibility of selecting the right candidate for the company and the right company for the candidate. It is virtually impossible for recruiters to scan each resume manually and shortlist them. This is where the Applicant Tracking System comes into the picture. Since the job of a recruitment agency is two folds, to speed up the whole process of finding and hiring the right talent and to make sure the hired candidate and selected company makes the best fit.
A recent online survey conducted by Recruit CRM revealed that more than 98 % of recruitment agencies with 10 recruiters or more used and Applicant tracking system. The percentage was significantly lower at 76% for agencies with lesser recruiters.
The difference between using ATS and not using ATS
The functionality of an Application Tracking system is somewhat similar to the Customer Relationship Management (CRM) system but with a slight change in main focus towards the search functionality. This article aims to highlight 20 basic advantages of the Applicant Tracking System that will make you realize the importance of having one for your business.
1. Saves Time For Value Added Work
The topmost advantage of an automated Applicant Tracking System is that it saves a lot of time when compared to conventional application processing and hiring procedure. An average of 75-88 % of resumes received is not qualified for the job. By eliminating the manual posting and listing on job boards, then filtering out the irrelevant applications, this whole process is done in a matter of seconds rather than spending hours on it.
Recruiter Time-Share Per activity
2. Flexible system for both Employer and the Agency
Recruitment agencies obviously gain a lot by using an Applicant tracking system. However, even for the client, it is a blessing as short listings, interview feedbacks and all other co-ordinations can be seamlessly handled online. Imagine the efficiency improvements if you do not have to deal with lots of emails, excel sheets and remember notings, appointments etc which are now handled on a single platform.
Through keeping all the documents in the applicant monitoring program, you have all the details you need in one location. You can easily switch between apps, compare candidates, change candidate status, select candidates, and scan candidates without leaving the program. In turn, you remove the risk of a submission being missed or trapped on a team member’s desk, so you will be aware of any repeat applications. Many ATS have a simple Kanban view.
4. Easy Job Posting
An Applicant Tracking System lets you upload the job advertisements on several platforms with a single click. You do not need to set up and manually log in to individual accounts from each social platform and post the job. Moreover, you also do not need to keep a track of each social media platform and results generated from each post individually. An automated Applicant Tracking System will gather the analytics from each platform and then represent it collectively. Various countries have their own popular job boards but the bare minimum requirement is that the ATS must be capable of automatically post your jobs to google jobs which is one of the most searched places by candidates for jobs.
Source: Google Jobs
5. Improved cost per hire
Since we all know most businesses cannot invest hundreds of dollars ongoing through the expensive screening process, every time they have to hire new talent. Similarly, these businesses cannot afford to hire the wrong resource because of an inefficient screening process, as it could cost them much more afterwards. Tim Sackett, one of the most famous recruitment experts in the world says Applicant Tracking System to be one of the most affordable and amazing recruiting technologies ever. He believes that this technology has made even SMBs able to carry out a competitive recruiting process. According to him: “SMB shops can move faster to integrate the latest and greatest tech on the market. It’s such an exciting time to be in talent acquisition, the availability of world-class technology is transforming how we all recruit on a daily basis.” Ever since the introduction of the Applicant Tracking System in the market, the cost per hire has reduced tremendously.
Minimum Cost of Recruiter per month $2000- $3000. Cost of Applicant tracking system – $100 – $150 per month per user. Do you really think an ATS cannot improve your recruiter’s efficiency by more than 5 % per month and make-up for the cost? Continue reading here…
Original: Everyone’s Blog Posts – RecruitingBlogs