Hiring the right talent for your organization is certainly a daunting task!
There is tough competition in the market and potential applicants are always on the lookout for the best workplace. It is vital to have properly structured recruitment processes in place that can help your organization capture the right person for the right job.
Leveraging the power of technological tools to enhance the quality of your hiring process is definitely a smart idea.
It is hence no wonder that most organizations now utilize automated applicant tracking systems to streamline recruitment.
This powerful solution can make a world of difference in hiring processes. In fact, over 94% of HR professionals and recruiters feel that applicant tracking software has had a positive impact on operational efficiency.
Recruiting software is the best way to introduce standardized and data-driven practices for hiring.
Applicant tracking software automates the recruitment process. It is a comprehensive solution that collects, analyses and sifts through job applicant data.
Applicant tracking solutions organize job postings and track the status of candidates throughout the hiring process.
It is an intelligent tool that can handle the resource-intensive task of choosing suitable candidates from thousands of resumes. A real asset for all kinds of organizations, recruitment software indeed has the power to transform the functioning of the human resource department.
Online applicant tracking software is a very versatile tool. Since businesses put in an enormous amount of time and money in finding the right candidates, it is definitely a good idea to go in for automated recruitment.
Applicant tracking tools remove all guesswork in recruitment processes, keep it streamlined and systematic. It helps organizations to identify and connect with top talent in the market. If companies want to increase the efficiency of hiring decisions and get the ideal candidates for vacant job positions, they should invest in ATS.
Here are some major benefits of applicant tracking solutions that demonstrate its urgent requirement in the corporate environment:
1) Effective Resume Management:
Managing the resumes of potential applicants is a very important step in the recruitment process. However, since there is a huge volume of resumes for every vacant job position, it often becomes a tedious and time-consuming job for HR managers.
The applicant tracking system uses vital keywords and powerful search technology to filter out resumes of wrong candidates. It enables organizations to get the right person for a particular job, and easily identifies the resumes of most ideal candidates.
2) Increases the Volume of Applicants:
Acquiring potential candidates for open job slots is a daunting task. Sourcing requires skill and time, hence it is a difficult function for recruiters. Applicant tracking software posts job vacancies in career portals, job boards, and social media sites.
Higher visibility and enhanced web presence is a great way to spread awareness about open positions. This ultimately increases the volume of inbound applicants and ensures seamless talent acquisition.
3) Flexible Workflow:
Managing task flow management is essential for any HR department. Applicant tracking tools allow recruitment managers to customize workflows and automate administrative tasks.
Jobs can be classified according to department or structure, and pre-screening questionnaires can be designed according to skill requirements.
Recruitment software has many pre-built templates that can visualize key metrics and throw light on ongoing trends. This makes it easy for managers to be aware of the recruitment status of a candidate by just a glance at an intuitive dashboard!
4) Saves Money:
Recruitment is not cheap, in fact most hiring processes put quite a heavy monetary burden on organizations.
Research by Deloitte has thrown light on the fact that it takes nearly $4,000 to fill an open position.
The applicant tracking system is an intelligent tool that can reduce the money spent on hiring. Since recruitment tools automate many processes, they eliminate the requirement of huge HR department.
It saves on recruiter salaries, travel expenses, and repetitive job advertisement expenses. Recruitment software makes hiring efficient, fast and cost-effective.
5) Better Quality of Hires
Every organization wants to capture the best talent available in the market. Automated applicant tracking software ensures that candidates bring high value to a company through their performance.
It increases assessment accuracy by investing time and effort only in genuine candidates that would be a perfect match.
High retention rates, good performance reviews, and manager satisfaction are signs that the quality of hiring is good. Hence, getting a recruitment system is a smart way to build a talent pool in the long run.
6) Facilitates Collaborative Recruitment:
Recruitment is not just the job of the human resource department. All departments have to come together to make sure that the organization hires the right people. Applicant tracking systems make sure that various internal parties from departments can view candidate status in the hiring process.
Recruitment tools automatically rank applicants, help in scheduling tests/interviews and predict onboarding time.
It is great to invest in recruitment software as it facilitates seamless data flow between vendors, external partners and other key decision-makers for hiring processes.
7) Simple Application Process and Mobile Experience:
Recruitment needs to be simple, not a lengthy time-consuming process that is bound to demotivate interested applicants.
Candidate tracking systems make it super easy for applicants to send their resume to any organization. They can go directly to the company website or use an interactive mobile app to apply for vacant job positions.
Automated recruitment platforms remove outdated complex hiring procedures, and make sure that applicants can get in touch with organizations through the click of a button!
8) Analytics and Dashboards:
Recruitment software has an impressive array of features that simplify hiring processes.
It has the ability to generate customized reports that display all important parameters. This gives managers insight into real-time data so that they can make better business decisions.
Minimalistic and intuitive dashboards provide all essential data in a structured form. This helps to predict any bottlenecks and drives productivity at all levels.
Applicant tracking systems are here to stay in the long run. Applicant tracking systems are moving towards artificial intelligence and machine learning. This will reduce the dependency on human staff and automate even the simplest hiring procedures.
Instead of using a huge HR team to pour over resumes and applications, recruitment tools will be used to enhance operational efficiency.
ATS will streamline inbound candidate marketing by proactively engaging the best talent in the ecosystem. It also makes sure that companies stay compliant to the latest regulations in the field of recruitment.
Recruitment systems will also move towards robot assistants and chatbots to conduct automated two-way communication with potential job applicants. Self-service platforms will allow HR personnel to focus on more strategic tasks, rather than routine communication.
ATS will leverage the power of social recruiting in the times to come. Various social media sites, networks, portals, and employment boards can be effectively utilized to increase the response to job advertisements. This will lead to a positive brand image and create a buzz around your organization in the virtual world!