Many times, the hiring team is on the fence about what works and what doesn’t for the organization. With numerous resumes piling up, it is tedious to pull out candidates that stand out. This challenge may seem unheard of to employees seeking jobs but in the recruitment world, it is the reality.
The application tracking software (ATS) disrupts this system. It has tremendously optimized the hiring efforts giving a streamlined process. Coupled with the hiring team’s expertise, the ATS software is a smart way to hire people. Be it resume parsing, job board posting, or requisition of workflow, the application tracking system or ATS software works like magic!
The Market of ATS Software: A Brief Overview
Per recent reports by JobScan, 494 Fortune 500 companies use ATS software. It gives them access to a large pool of candidates with the right capabilities to join their high-performing workforce. From seeking passive candidates with the right skillset to amplifying the job opening posts, application tracking software has a system that works for all. Also, vertical penetration of the ATS software is a huge success with high adoption rates from large (66%) and small (35%) companies.
What Does ATS Software Do for the Recruitment Team?
ATS software is like a one-man army that takes care of all the hiring needs of an organization. Its compelling advantages give organizations an edge over competition by hiring highly focused individuals. Here is what it gives to the hiring team: –
1. Time and Cost Management
Time is the new currency in the modern world. In the fast-paced work culture, any job position must be filled quickly. An effective applicant tracking system has advanced software features, such as candidate sourcing, resume screening, and one-click job posting to speed up hiring. It helps optimize the candidate pipeline and close the recruitment cycle on time. The faster and more efficient the process, the less it costs.
2. Streamlined On-Boarding
It is not just about sourcing the right candidate, on-boarding may take a significant amount of time. A good application tracking system has additional software features for a custom boarding experience. It stores all the candidates’ information at a central location for easy access. It ensures the transition from a job applicant to an employee is smooth.
3. Enhanced Resume Screening
Top ATS software like Workable has keyword-targeted resume screening to shortlist the best-suited candidates. Many recruiters face challenges in finding the right people as most job hunters do not have the qualifications for the job. An ATS system simplifies the process by parsing resumes collected from various sources and moving forward with only the relevant ones.
Most organizations have either implemented or are in the process of implementing ATS software in their organizations. It is a step towards automation and efficient applicant data management. The software is compatible with the long-term business plans of organizations. Be it candidate evaluation, integration with tools, or job posting, ATS software is the best solution.