Recruiting the right candidates and hiring a stellar team can take any business to the next level. This is the reason that many businesses pour a tremendous amount of effort, time, and money into recruiting. Applicant tracking system (ATS) software can help to simplify recruitment processes while improving the quality of candidate, among other benefits.
The following are a few reasons that many businesses today are finding it in their best interests to invest in ATS software.
Can Increase the Volume of Applicants
If acquiring resumes for open positions feels like pulling teeth, you may be sourcing from the wrong places. Sourcing can be tough and sourcing in the wrong places can make recruiting the right candidates seem like an impossible feat as the resumes slowly trickle in. ATS software can make it fast and easy to post position openings to multiple job boards, careers pages, and social sites, which can increase the resume volume greatly.
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Assists with Managing and Filtering Resumes
When you have a high volume of resumes flowing in, it opens up your options, but can become overwhelming for recruiters and hiring managers to look through all of them and filter out the unqualified or less desirable candidates. ATS software uses keywords and semantic search technology to help you filter out resumes of the wrong candidates and target, view, and track the resumes of those best suited for the position.
Puts All Recruitment Tools in One Place
Utilizing disparate systems and manual processes in hiring is inefficient. ATS software puts all of your recruitment tools in one place, allowing your recruiters and hiring managers to view candidate profiles, communicate with applicants and one another, and perform many other essential hiring functions quickly and easily from a single point. Having all of these tools in one place can help reduce your time to hire, filling costly vacancies faster.
May Save Money Overall
ATS software costs money, but when you calculate your ROI, you may find that acquiring the software actually saves you money overall. The labor savings on resume sorting alone may more than make up for moneys spent on purchasing and implementing the new technology. You may also save money by recruiting higher quality candidates and reducing your new hire turnover ratios.
Allows You to View Data for Recruitment Optimization
ATS software tracks all of your hiring data and makes it easy to view using reporting and analytics functions. Being able to look over your recruitment data in new ways can provide you with valuable insights that may have otherwise been overlooked. Using this information, you can make informed decisions regarding where to source and what to change to optimize your hiring processes.
Becomes a Valuable Compliance Aid
There are a number of laws in place regarding hiring that can be difficult to keep up with. It can also be tough to prove that discrimination didn’t take place if a lawsuit is filed. ATS software can help with these areas by keeping your recruiters well versed on laws, holding all candidates to the same standards, and tracking the methods used for hiring so that you have documentation to submit as evidence that your hiring practices are fair.
Whether your business is small, medium, or large or you run a company or a recruiting firm, you may be missing out if you haven’t considered investing in ATS software. If you need help figuring out the best ATS software for your organization, or how investing in the software could benefit your company specifically, contact vendor matching experts today.