Excerpt: Considering investing in an Applicant Tracking System for your agency? Read more to find out five reasons why recruitment agencies should invest in this intelligent tool!
Applicant Tracking Systems have taken the recruiting and staffing industries by storm! With increasing competition and hiring volume in today’s job market, investing in intelligent recruitment software has become the need of the hour.
What is an Applicant Tracking System?
Applicant Tracking Systems efficiently optimize and streamline the entire recruitment process by offering an all-in-one solution to ensure nothing falls through the cracks. Applicant Tracking Systems make life easier for recruiters, hiring managers, and employers by streamlining the recruitment process from top to bottom.
An ATS works as a compliance tool by functioning as a repository for applicants that manage the entire hiring process in a single platform. This intelligent tool provides an all-in-one solution for managing job applications, resumes, candidate data, emails, and job postings.
An Applicant Tracking System efficiently manages applicant data and eliminates unnecessary administrative tasks—leading to a more speedy and streamlined hiring process. So why should recruitment agencies invest in an Applicant Tracking System?
Here are five reasons why it’s the most necessary tool for recruitment!
1. Automation of Tasks
Automation is truly a godsend when it comes to Applicant Tracking Systems. With the help of automation, manual tasks that take hours to complete are now completed at the click of a button!
With the help of an ATS, recruitment agencies no longer have to scan through an immeasurable amount of candidate data including applications and resumes. Automation accelerates this job by seamless resume parsing—presenting recruiters with the most relevant information. In addition, automation enables the completion of tasks by sending customized updates, messages and bulk recruiting emails with just a single click.
These administrative tasks take up a considerable chunk of time, leaving recruiters and hiring managers with much less time for other crucial tasks.
Fortunately, Applicant Tracking Systems include many intuitive features that automate numerous tasks and make collaborative hiring more effective.
If time management keeps you behind as a recruiter, an ATS is a solution to this issue. An intelligent ATS will automatically manage time-consuming tasks—leaving you with more time to focus on other elements of recruitment and growing your business.
2. Speed Up Hiring
The most notable advantage to investing in an Applicant Tracking System is the level of time it cuts down throughout the hiring process.
With automation and the availability of several features in an Applicant Tracking System, recruitment processes become much more optimized and effective. Applicant Tracking Systems are designed to optimize and efficiently manage the entire recruiting process for recruitment agencies by offering an all-in-one solution for crucial administrative tasks—ensuring that nothing falls through the cracks. As a result, the process becomes immaculate for businesses!
3. Enhance The Candidate Experience
There’s no doubt that Applicant Tracking Systems are a boon for recruiters, but it is also proven to positively impacts the candidate experience! In this candidate-centric job market, providing the best candidate experience has become a significant aspect for attracting and retaining top talent. With more efficient and productive performance, recruiters can focus on providing the best candidate experience.
In addition, communication is critical for a positive candidate experience, and an Applicant Tracking System provides precisely that! Recruiters can consistently communicate with candidates with a single space for all your communication and social needs. Recruiters can also quickly post to job boards and social media platforms, engage with candidates and send emails under a single platform—directly improving the candidate experience!
4. Improve Cost-Per-Hire & Candidate Quality
Applicant Tracking Systems enable this by automating tasks which increases productivity and reduces time spent on administrative tasks. Consequently, this reduces cost-per-hire as it increases the efficacy and productivity of hiring teams. With enhanced communication through an Applicant Tracking System, recruiters can build a rapport with clients and candidates, which can significantly impact the job offer acceptance rate by a candidate.
A positive communication experience with an employer significantly increases top talent’s probability of working with you.
In short, with a more optimized hiring process, recruiters can significantly improve their relationship with candidates, engagement–helping attract top talent in the market before you lose them to competitors.
5. Accelerated Candidate Discovery
Sourcing the ideal candidates can be highly time-consuming. However, recruiters can quickly seek out skilled job seekers within their database with an intelligent ATS solution.
Recruiter’s already have a treasury full of top talent who can be valuable assets to hiring companies, but very few employers take advantage of their existing database!
On average, recruiters receive about 250 applications for a single job offer. This means that recruiters already have a countless number of qualified candidates in their database ready for an offer.
To discover these candidates, an ATS simplifies the process by automatically presenting recruiters with relevant candidates from the existing database. Along with this, an ATS also presents recruiters with relevant candidates from social sites without scavenging for talent manually!
As the job market continues to advance and grow, Applicant Tracking Systems have taken over the recruitment industry with roaring success.
From gathering candidate data to parsing resumes and automating communication—a feature-rich ATS can optimize the hiring process end to end. With more and more businesses opting for intelligent software, their indispensability in hiring is irrefutable.
