What is it about an applicant tracking system that almost every Fortune 500 company is using it? Small businesses are rushing to pick ATS vendors to see what options are available for them. There are a lot of promising ATS vendors that are improving and adding new features every day. The answer to all of such the questions lies in the benefits of an applicant tracking system.
Benefits of an applicant tracking system
1. Data mining: The distinct feature of applicant tracking system is data collection. It scans massive databases from online job portals and extracts the resumes. It, then, organizes this database and allows an organization to access it using keywords and phrases.
2. Automation of recruitment process: With an applicant tracking system on board, a lot of processes involved in recruitment get automated. For example, fetching databases from the different job portals, sending emails to resumes that pass a particular screening process, etc. gets done automatically or within just a few clicks. It reduces the workload on the HR team and chances of error as well.
3. Co-ordination the recruitment process: Candidates often expect respect from companies while they’re looking for a job. They’re less likely to join your organization if there are significant gaps in the communication. You have to make them feel connected to you all the time, and it is way too easier with applicant tracking systems.
4. Screen out less qualified candidates: Think about big firms that do the mass hiring. Even for a few thousand seats, they get millions of applications. For example, Starbucks get around 5 million applications. How do you think they process such an enormous amount of resumes? It will take up too many resources and increase recruitment costs. That’s why applicant tracking systems exist. With their use, you can use a keyword or a phrase to sift through the resumes. It’s called screening. Once you put the core information on the kind of candidate you want, the ATS checks the entire set of applications and give you a set that matches that criterion. The process can be optimized even more and hence the time was taken, and resources consumed in the process reduces manifolds.
5. Cost cutting: Clearly, all the benefit mentioned above will significantly reduce the cost of the recruitment process. One of the primary reasons behind the acceptance of applicant tracking systems by organizations is the same. They need to cut their expenses, and it’s a great way to do that.
6. Handle resume overload: Last but not the least, the companies that get too many applications can easily handle a lot of resumes through an applicant tracking system. They can email such candidates quickly and search at multiple places without requiring extra resources.
Those are the major benefits of an applicant tracking system. Find out more about the best applicant tracking system at Talentrackr.in.
Article source: https://www.smore.com/kyuyd
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