Recruiting and hiring is a long process. It can also be expensive, costing on average $4,000 per new hire. Trying to handle recruiting without investing any more money than necessary may sound like a good idea. However, recruiting software is worth every penny spent.
Any business that hires stands to benefit from recruiting software. Digitizing your recruiting process will actually save you both money and time in the long run. It also helps you get better recruits with fewer headaches.
How Much Does it Cost?
Some ATS software offers a free version. However, the features may be limited. Recruiting software solutions can cost as little as $10 per month. At the higher end, software can cost as much as $995 per month. The price ranges depending on the type of software you need and what features it can offer.
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What Kind of Software Do I Need?
ATS vendors offer a variety of recruiting solutions. The first step is to determine exactly what problems you need the ATS to solve. What parts of recruiting are the most costly or difficult for you to do on your own? Then, as you look for the right recruitment software, focus your search on the features that will handle those for you.
What Can Recruiting Software Do?
The exact features depend on the software and version that you choose. Common capabilities include:
- Resume database
- Candidate screening
- Job board postings
- Candidate search
- Video interviews
- Automatic e-mailing
- Notes and test scores
- And more.
If there are any parts of the recruiting process that you find to be more difficult or costly, those are the features your search should focus on.those features in particular. If your recruiting software covers the features that are most important to your company, then you will get the biggest return on your investment. Recruiting software also can help with the onboarding process. If you’ve found a candidate you want to hire, an ATS can handle the entire process from the interview to the offer and hiring.
How Does it Save Money?
ATS solutions can’t entirely replace human involvement in the hiring process. An ATS can automate many of the tasks and make the entire recruiting process faster and more efficient. This frees up the hiring manager to focus on the overall hiring strategy.
An ATS can also save the company a lot of time. A new hire can go through the onboarding process much faster. In addition, the software can help match your company with candidates that are a better fit. That way you don’t waste time and money hiring candidates that aren’t a good fit for your company.
Much of the cost of recruiting comes from time spent on tasks like job postings and searching for qualified candidates. There’s also the loss of productivity from the open position. If your company hires a recruiter instead, that can add to the cost. An ATS can eliminate most of those costs.
Are you looking for an ATS to help meet your hiring needs? Let us help you find the right software for your company. Visit our vendor match page to get started today.