Candidates aren’t particularly happy about the trend of use of applicant tracking system by major Fortune 500 companies and even small business enterprises these days. However, it doesn’t deter companies from adopting new applicant tracking system. It’s because of the following reasons that make an applicant tracking system an absolute must in an organization.
1. Pre-review and pre-scanning of resumes: With an ATS, you can sieve through the lakhs of resumes and shortlist a set of resumes that are more likely to match your recruitment criteria. It saves a large chunk of time for organizations that receive applicants in lakhs.
2. Job seekers and their affinity with online job portals: About 76% candidates who are looking for a job apply online. That’s a major chunk of data that stays with these online job portals and it gets extremely easy for a company to maintain a synchronized workflow with such job portals without wasting much time and resources.
3. Reduction in hiring time: The longer the hiring time, the higher would be the recruitment cost. All of it is precious time, and money is simply wasted on hiring a candidate through the manual process while your company bears the expenditure. With reduced hiring time, you can save up a lot in terms of money. In fact, 20% companies that adopted an applicant tracking system experienced a significant decrease in hiring time.
Also Read: 6 Ways to Optimize Your Resume for an Applicant Tracking System
4. Substantial savings: Clearly, with the use of an ATS, you can save a lot of money. The cost comes down and your profits rise up while the flow of fresh talent stays the same.
5. Your competitors are using it: As much as 60% companies have already adopted an ATS and we are talking about small businesses here. Most of the Fortune 500 companies were the early adopters of such a technology. Your competitors are surely benefiting with the money and time they’re saving and using their HR team for better purposes. Why aren’t you?
6. Automation of several processes: With an applicant tracking system, you can automate a lot of processes like sending emails or fetching data or maintaining a database of available candidate pool in a streamlined manner. There are endless possibilities with how you can use an ATS to improve the business efficiency.
Those are the six top reasons why you must use an applicant tracking system. Make sure you pick a good system for there’s a huge risk associated with it as well. A system that doesn’t work well may make you miss some crucial resumes that could have brought significant assets for your company. So, do a proper research and then pick one.
At this point, I would like to introduce you to Talentrackr. It’s a recruitment automation system that has been getting great reviews and love from the business owners. You should give it a try.
Article Source: https://goo.gl/R0P6fR
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