How does an Application Tracking System work
to Automate the Recruitment Process?
Recruiting the best applicant is a never-ending process for a recruiter. The unemployment rate has risen in recent years. It has made it impossible for recruiters to manually read each prospect's résumé and select the best candidate for the job. In today's world, recruiters, talent acquisition specialists, and hiring managers leverage software solutions to automate the recruiting process. It includes sourcing, selecting, screening, and interviewing prospects.
A similar leading recruitment automation software, Superset, is equipped with ATS (Applicant Tracking System), which helps the firm make recruitment more accessible. In addition, it quickens and optimizes the hiring process.
Before moving further, let's learn a bit about ATS! Shall we?
What exactly is ATS?
An application tracking system helps a company in its recruiting process. It analyzes, filters, and manages prospects based on keywords and the database. However, every company confronts various obstacles when hiring from a pool of prospects.
An Applicant Tracking System (ATS) assists them in sorting the best candidates while saving time for both the company and the recruiter. Because of the large number of resumes received for a job advertisements, the applicant tracking system (ATS) has become the industry standard.
Consider the following statistics to get an idea of how common and effective ATS platforms are in today's recruitment process:-
● ATS is used by around 99% of Fortune 500 businesses, 70% of larger companies and 20% of SMBs to sift the hiring process.
● 94% of recruiters have reported that the Applicant Tracking System (ATS) has positively impacted their hiring process.
● 75% of recruiters use a recruiting or candidate monitoring system.
How does ATS work?
Due to the more significant number of individuals applying for the job, physically screening them out becomes a hefty task. Due to this, opting for the right candidate has become tricky. ATS assists recruiters in highlighting applicants based on their qualifications and experience. It aids corporate HR and managers in electronically scanning resume information into categories and subsections. It uses various AI algorithms to conduct a more thorough review before passing it on to a recruiter.
Moreover, it also enables the recruiter to send an automated response to the candidate, informing them of the status of their application. Finally, it assists managers in separating unqualified applicants, which saves time in locating the most competent candidates for the job.
Now let's look at the pointers on how it actually eases the process of HR:
● Narrowing down the applicants
When recruiters receive many job applications, keeping track of every piece of data can be challenging. Companies utilize applicant tracking systems (ATS) to screen out undesirable candidates and focus only on competitive resumes.
● Improves the candidate's engagement and experience
Untimely responses to job application status can cost you a lot of potential candidates. You won't have to worry about any of it with ATS. ATS sends out messages and alerts and does frequent checks to ensure that the candidate has complete transparency and visibility.
The same goes with Superset. It alerts the eligible candidates via push notifications, e-mails, SMS, etc., so candidates should take advantage of all potential opportunities.
● Cost and time-effective
Everyone understands that when things are done manually, and too many stakeholders are involved, the process slows down, and the hiring process suffers.
This results in extra time and money spent on the initial procedure, which may be avoided by adopting ATS. According to a recent report, organizations that do not use automated recruitment software spend an average of $1,872 on hiring a new employee. The data in ATS simplifies the shortlisting process. It allows the recruitment team to have visibility across all channels. This aids in efficiently completing the applicant journey and lowering the cost of the hiring process.
● ATS helps in building a brand while boosting employee retention
When an ATS screens a resume, it assists both recruiters and applicants in finding a
good fit. The better the match, the better the outcome for both parties. It will help the candidate find a great fit for the job while lowering the company's expenditure.
● Helps in retaining the candidate's record and information
ATS saves the application's records in its database for future reference. It enables recruiters to review previous communications to deliver the following steps to the candidate on time.
● It minimizes the possibility of error
When manually managing data, there's a good possibility you'll make a few mistakes that will cost you a lot of money. With ATS, you can improve your selection process while reducing errors and oversights.
Overall, ATS plays a vital role in automating the recruitment process, making it more efficient and effective. To get an advanced ATS for recruiters, schedule a demo now.
