The benefits of an Applicant Tracking System during Hiring Process

The applicant tracking system helps you streamline your end-to-end hiring process, right from requisition to offer. It helps you to organise candidate databases from all sources, provides tools to manage approvals and requisitions, effective resume parsing, a reminder mechanism, and a lot more for happy hiring.

Benefits of the Applicant Tracking System:

#1:- Saves Time

• Saves a lot of time in application processing and hiring procedures.
• The process is done in a matter of seconds rather than spending hours on it.
• Stop manually publishing job postings

#2:- Flexible system for both the Employer and the Consultants

• ATS provides seamless coordination between employers and consultants.
• Allows to deal with lots of emails; appointments are now handled on a single platform.

#3:- Better Overview of Candidate details

• Keeping all the documents viewed in a single dashboard.

#4:- Easy Job Posting

• Easy to upload job openings on several platforms with a single click.
• Not necessary to keep track of each social media platform.
• ATS will gather the analytics from each platform collectively.
• One-click job postings, measure activity, track and engage applicants.

#5:- Improved Cost per Hire

• The most important recruitment metric is the cost per hire. Cost per hire is the total amount of monetary investment needed to recruit new employees.
• Cost per hire is calculated based on different variables, including recruiter salaries, employee referral bonuses, job advertising costs, travel and relocation costs, etc.

#6:- Improved Quality of Hire

• Quality of hire is the total value that new employees bring to a company with their performance.
• Cost-per-hire is calculated based on different variables, including performance reviews, ramp-up time, turnover and retention rates, hiring manager satisfaction, etc.

#7:- Improved Inter-Department Communication

• It allows improved communication among the recruiting team members and also with others who are involved in the whole process. It also allows one to send messages easily to multiple people and assign tasks in an organised timeline. Moreover, all team members can participate and leave notes, ratings, and also feedback on each applicant.
• Less paperwork and a more organised process.

#8:- Faster and better decisions

• ATS helps in making better and faster systems

#9:- Recruitment Cycle speeds up

• Having all candidates’ information centralised and organised in one single platform gives recruiters faster access to the hiring process overview.
• It increases the recruitment cycle, making it quicker to provide general follow-up and to move candidates to the next steps. Overall, an applicant tracking system allows recruiters to develop and execute a more efficient workflow.

#10:- Lower bounce rates on Job ads

• It reduces the bounce rate and gets more relevant applications.
• Writing better job descriptions will also hugely help in achieving lower bounce rates.

#11:- Boosts Employer Brand

• A consistent and engaging recruitment process strengthens your employer’s brand. With an applicant tracking system, your company can attract and engage more candidates.

#12:- Streamlined Recruitment Process

• The applicant tracking system makes the whole recruitment process easy to manage and execute.
• With a streamlined development between successive tasks, the HR department can easily manage and review multiple applications in a few hours.

#13:- Riddance from unnecessary resumes

• Collects resumes and displays applicant data in a manner that makes comparisons short and convenient.
• The parsing is accurate and collects most of the data from the resume.
• Recruiters no longer need to continuously search their addresses for something else.

#14:- Easy interview scheduling

• The applicant tracking system can send automatically generated emails to the shortlisted candidates, which can inform them for interviews, thus saving a lot of time and hurdles for the human resources department.

#15:- Auto-generation of Accurate Reports

• The applicant tracking system is efficient in creating auto-generated accurate reports in real time.
• Collecting data from different parts of the process containing job postings to monitor the execution of the whole task.
• Workflow automation
• It helps you to manage the recruitment process and hire faster.