The process of hiring new personnel can quickly become time-consuming and expensive. Companies utilize an ATS (Applicant Tracking System) to automate hiring processes and reduce expenses to a minimum.
Is ATS recruitment only intended for large corporations? No, ATS can also prove to be quite beneficial for new and small enterprises. The following are the top 10 advantages of applicant tracking systems:
1. Streamlines the hiring process.
Growing companies frequently find themselves filling several roles at once. In the absence of a good applicant tracking system, the procedure can soon become chaotic. By allowing you to manage the complete hiring process from beginning to end on a one platform, an ATS saves you time from having to switch between various spreadsheets and applications to obtain essential data.
At every stage of expansion, hiring is essential, and this procedure needs to be swift and precise to reduce the losses that can result from subpar employment decisions. By enabling you to manage job posts, interview scheduling, evaluations, offer management, and onboarding from a single location, an ATS for small businesses makes this simple to accomplish.
2. Places job postings on several job boards
To ensure that they attract the top prospects, businesses wind up spending a significant portion of their hiring budget on paid memberships to job boards like LinkedIn, Indeed, Monster, etc. While it is simple to locate superior prospects through these well-known job boards, managing several job boards may be time-consuming and expensive. What’s worse, there is no concrete data that can tell you where your best candidates are coming from.
Companies can post positions and track applications using a variety of job boards, such as LinkedIn, Indeed, and ZipRecruiter, thanks to Good ATS’s integration with them. Due to the fact that there is now only one ATS to pay for rather than five distinct job sites, the ATS also significantly lowers the cost of hiring. even enables you to post for free on numerous job boards.
3. Automates time-consuming operations to save time
One benefit of using an applicant tracking system is that you may concentrate more on things that really demand your full attention rather than devoting manual resources to unnecessary, tedious jobs. A good ATS can automate these repetitive procedures, saving you up to 50% of your time. Your operations become quicker and more effective as a result.
You can use your applicant tracking system to automatically screen resumes, reject candidates based on specific requirements, and even schedule background checks and online tests. By doing this, you can make sure that all of your requirements are met precisely and that each stage is carried out quickly and efficiently.
4. Strengthens your brand
Whether you choose to hire a candidate or not, it’s critical to make sure they enjoy their time working with you in whatever capacity. You can make sure that your candidates are aware of each step of the interview process by using the best ats systems. Transparency and communication are two of the most crucial elements in developing a positive brand reputation.
An effective applicant tracking system (ATS) can assist you in automatically informing candidates as they progress through the interview process. You can inform candidates of their selection or rejection, reasons, and feedback, without keeping them waiting or in the dark. This ensures that even the applicants you reject have a favorable impression of your company after applying.
5. Maintains a talent database.
The individuals you find on job boards may be a terrific fit for unfilled positions in your company, but one of the best sources of hiring is frequently overlooked: your talent pool. You may come across some great candidates while sourcing applicants who are not a good fit right away. Your talent pool is made up of this group of applicants, and with the aid of an ATS, you can develop them for a future position.
A good applicant tracking system (ATS) ensures that you don’t lose the candidates you don’t choose, and it’s also an affordable solution to address the talent shortages in your company. An ATS can help you get the most return on investment from talent pool management, which is quickly becoming one of the top hiring channels.
6. Encourages simple communication between the hiring teams
The confusion that results from hiring for numerous positions and teams can be minimized thanks to ATS. It allows you to add the appropriate hiring managers to each candidate’s profile and streamline team collaboration on a single platform for hiring.
The candidate’s interview transcript, assessment result, resume, details about their prior work experience, and other information necessary to promptly and accurately hire them are all accessible to everyone involved in the hiring process.
7. Assists in identifying the best candidates and eliminates those who are not a good fit for the position.
Every vacant position receives more applications than your HR team can process, and screening these applications must be thorough but expeditious to prevent losing the applicants to your rivals and colleagues. A smart applicant tracking system (ATS) helps you to hire candidates quickly while while being meticulous.
The location of the applicant, their age, their visa situation, the number of years of experience they have, etc. are all examples of custom criteria that may be set up in a smart applicant tracking system to automatically reject resumes. Only the appropriate resumes reach your HR staff since those that don’t meet your criteria are instantly rejected for the position and added to your talent pool.
8. Centralizes document tracking and candidate management
Stop wasting time locating candidate information and supporting documentation. Find the whole candidate history recorded in your applicant tracking system (ATS)—Know their contact information, reporting chain, number of prior applications, etc.—all in one location. Additionally, the ATS enables you to store all onboarding paperwork, legal documents, and corporate policy documents on a single, secure platform.
As a result, it takes less time to find essential information, makes hiring and onboarding more easier, eliminates needless paperwork, and increases security all at once.
9. Lowers the price per hire
Because an ATS affects several facets of the employee life cycle within the company, it considerably lowers the overall cost per hire—by roughly 40%.
By integrating with numerous job sites, an application tracking system lowers the cost of luring the finest prospects. Additionally, it reveals the source of your best candidates so you can avoid spending money on pricey paid job advertisements.
It does away with the need for outside recruitment firms by automatically sorting through resumes and guaranteeing that only the most qualified applicants move on. In addition, the ATS greatly improves the onboarding process and aids in real-time measurement of employee performance and engagement, resulting in significantly greater employee retention rates and a reduction in the need for ongoing replacement searches that drain businesses’ hiring expenditures.
10. Produces important hiring insights
One of the advantages of an applicant tracking system is that it gives you the in-depth information and data you need to make the best choices at the correct time.
The applicant tracking system (ATS) gives you access to real-time statistics like average interview time for various roles, best source for hiring, number of applicants processed weekly or monthly, interview metrics, trends of applicant rejection for each department, employee resignation patterns, etc.
Each of these measures enables you to determine which processes are effective and which are not, allowing you to intervene and act quickly.