An applicant tracking system helps companies organize candidates for hiring and recruitment purposes. These systems allow businesses to collect information, organize prospects based on experience and skill set, and filter applicants.
More than 90% of Fortune 500 Companies are currently using an applicant tracking system. While these systems are excellent for storing candidate information, the best ATS systems are able to track all communications with candidates. This makes it easy to search and filter resumes and other candidate information, decreasing time-to-fill and ensuring companies get the best candidates for the position.
How do Applicant Tracking Systems Work?
Applicant tracking systems simplify the recruiting process by using automated intelligence to screen for the best, most qualified candidates. Since many open positions can attract hundreds or even thousands of candidates without the necessary qualifications, this saves companies and recruiters time that would otherwise be spent manually weeding out these candidates.
Candidates are looking for application processes that are easy and user-friendly. The best applicant tracking systems allow people to easily apply for a position via any device, without needing to log in. This means that companies benefit from a larger pool of applicants, which can then be ranked automatically based on skills and experience.
During the recruitment process, applicant tracking systems allow users to easily submit feedback and notes about a candidate. Some of these systems allow for collaboration from a mobile device, making it easy for busy recruiters and hiring managers.
The best applicant tracking systems use the latest technology, such as natural language processing and artificial intelligence to screen and sort candidates’ resumes. These systems scan resumes, looking for keyword matches and use other algorithms for data analysis.
Many applicant tracking systems also integrate with job boards, streamlining job postings.
The Benefits of an Applicant Tracking System
There are many benefits of applicant tracking systems, and you can expect to see metrics like time, cost, and candidate quality improve. Interview scheduling is easy, with automated emails allowing candidates to choose a time that works for both hiring managers and themselves.
An applicant tracking system can also allow recruiters and hiring managers to see all the information and metrics they need with a click of a button. The best systems include robust, user-friendly dashboards and configurable workflows which include key performance metrics and industry benchmarks.
Signs Businesses Need an Applicant Tracking System
While applicant tracking systems can be used by companies of all sizes, they’re particularly useful for businesses who are regularly hiring employees for a variety of positions, or those that tend to get large numbers of applicants for each position.
Businesses are likely to see a significant ROI with an applicant tracking system if they’re screening more than 1000 resumes annually. They’ll also benefit from an ATS if they have a long or convoluted hiring process, or if they’re experiencing problems with their recruiting and administration.
Applicant tracking systems can significantly reduce time-to-fill. This means that companies that find it difficult to manage the workload associated with large pools of candidates will find the streamlined process much more effective.