Applicant tracking systems (ATS) make hiring and recruiting processes easy, something many companies need to grow in 2020. The hundreds of applicants a single job posting nets can be overwhelming for seasoned hiring teams without ATS.
Why? Automation. Applicant tracking systems automate many time-consuming tasks, freeing up your hiring team's time for more efficient workflows. Integrating applicant tracking tracking software into your company's recruitment management workflow lets you post jobs free online across multiple job boards, automate candidate interview scheduling, and much more.
Let's take a deeper look at ATS features and the top 3 applicant tracking system benefits your company can't live without.
Applicant Tracking Systems Serve Up A Variety Of Features
From enterprise companies to local businesses, ATS has features that strengthen and streamline the entire recruiting and hiring process. Automation is a major feature, but there are certainly a whole lot more.
Achieving your company's recruiting goals easier with these ATS features:
Posting jobs to multiple job boards online
Candidate sourcing tools
Applicant management via a single dashboard
Quick search of quality applicants via one database
Automated CV screening
Send online skills tests to applicants
Streamlined interview scheduling
Email follow up automation
HR templates to simplify daily tasks
Collaboration between hiring managers
Detailed analytics and reporting
There is no shortage of features when it comes to applicant tracking systems. You may even see a few features that could solve some of your current hiring and recruiting problems. Now let's dive deeper into the top 3 benefits of ATS.
Top 3 ATS Benefits For Streamlined Hiring
Benefit #1. Faster Hiring Time
Time is valuable when it comes to recruitment metrics. When you need to fill a position in your company, it is critical to maximize time-to-hire. This is the total time it takes to fill a position.
Time-to-hire can make a big difference in your company's overall success. If you need to fill positions fast for a new project, or to grow a client base, you need to find applicants and get them onboarded fast.
Having an applicant tracking system maximizes time-to-hire. Did you know that over 80 percent of recruiters agree that ATS makes hiring faster? This makes it an HR tool your company can't live without. ATS automates hiring and recruiting tasks to speed up the process.
For instance, ATS can deliver online skills tests to applicants that meet job posting requirements to narrow the candidate pool. And hiring managers don't even need to send them, since it is all done automatically via software algorithms.
Benefit #2. Decrease Cost Of New Hires
The time it takes from applicant filling out the online application form to onboarding can be costly for your company. Applicant tracking systems can decrease the cost of new hires significantly. This recruitment metric is called cost-per-hire.
Cost-per-hire simply means the amount of money it took to find a qualified candidate to hire. According to SHRM, the average cost-per-hire is $4,129. You can reduce this with a powerful ATS software in place for your company.
By streamlining the entire recruitment and hiring process via automation and other features, ATS decreases the human hours needed to find and hire a new employee. ATS also helps your company build and maintain a talent pool to reduce costs over time.
Benefit #3. Quality Of New Hires Increases
Finding candidates is one thing, finding qualified candidates is another. The quality-of-hire is a recruitment metric that remains essential for the overall growth and success of your company. Quality-of-hire is the value of a new hire based on future performance.
Having an applicant tracking system for your company can increase the quality of new hires exponentially. This happens a few ways. First, ATS algorithms can qualify the most experienced candidates based on the keywords and requirements of the job posting. This streamlines CV screening.
Next, ATS automatically sends qualified, pre-screened applicants skills tests to complete, thus adding a second layer of quality control. Most of this is done outside of human workflow.
After candidates pass skills tests, interviews will be automatically scheduled based on hiring manager schedules. Humans don't even get involved until the actual interview.
In Conclusion . . .
The above features and top 3 benefits ATS serves up for companies, both large and small, are hard to argue with. As hiring becomes more competitive across all industries, your company can rely on tech-minded hiring and recruitment software to streamline all processes. It is an end-to-end solution for hiring teams. How can ATS help your company?