In the rapidly transforming staffing industry, advanced technological solutions are necessary to stay ahead of the curve and achieve hiring objectives. Recruiters need all the tools at their disposal to expedite their processes and hire the best candidates. An AI Powered Applicant Tracking System (ATS) is one of these innovative solutions that recruiters are asking for. Applicant tracking System benefits companies by saving time and resources.
What is an Applicant Tracking System?
An applicant tracking system (ATS) is software designed to help recruiters and hiring managers optimize the entire recruitment process. An effective ATS will allow recruiters to source, manage, and process all candidate data while providing a number of tools to better understand, search, and filter applicants. It will also enable you to sort and categorize the resumes and applications received based on keywords and criteria of your choosing so you can better understand which candidates are more suited to the position you are hiring for.
Top 10 Applicant Tracking System Benefits Every Employer Should Know
As an easy-to-use applicant tracking platform, an ATS helps recruiters find and hire candidates in an organized and simplified way. Ready to learn how? This blog will take a deeper dive into ATS, Applicant Tracking System benefits, and how it helps businesses achieve a competitive advantage in the fast-paced staffing industry.
Save time and money on recruiting
Improving recruiter productivity is a top priority for hiring teams. The faster recruiters can comb through resumes, the faster they can fill open positions. Automation is key to expediting processes and saving time. One of the most important benefits of Applicant Tracking System is that – it can help by automating time-consuming tasks, like:
- Publishing open positions on job boards and social sites
- Automating follow-up emails
- Tracking candidate responses
These automated tasks are not only time-savers, but they are also far more reliable and accurate than manual data entry. Plus, they boost recruiter productivity levels by 80% and reduce cost-to-hire by 60%.
Streamlined Application Process
An Applicant Tracking System offers an intuitive application guide for candidates, making the process quick and efficient. With ATS, the quality of the application process is enhanced, ensuring a professional and reliable platform for applicants.
Improve the candidate review process
Filtering out applications and analyzing resumes is a hectic process. But an intelligent AI-powered Applicant Tracking System benefits recruitment teams with simple tools to automate steps like screening, filtering, and ranking candidates.
It can also automatically parse and store resumes, rank candidates based on customizable criteria, and present candidate data transparently, making comparisons fast and simple. Powered by semantic search algorithms, an ATS also reduces bias, ensures no candidate is overlooked, and helps recruiters always make the best placement decisions.
Improved internal & external communication
Not only does an ATS improve the recruiting process, but it also streamlines internal and external communication. Team members and managers involved in the recruitment process can add notes, ask questions, mark details, and track everything about applicants in the ATS dashboard. This ensures that all information on a potential candidate can be found in one place.
For external communication, an ATS manages tasks, scheduling, and preparing for interviews. The platform even provides a calendar for candidates to choose the most convenient time for an interview and sends out a pre-written agenda to help both parties prepare.
Reporting and actionable talent analytics
An AI-powered Applicant Tracking System benefits companies by generating data-backed reports and customized analytics to help hiring managers and recruiters easily monitor the effectiveness of their job postings. These reports analyze click-through rates and engagements. With semantic search, an ATS can even gather the demographics and main characteristics of the applicants.
Users can even track recruitment-based KPIs in an ATS. This boosts recruiter productivity and processes all in one platform. That’s why an ATS is an excellent tool to help businesses understand the talent market and improve their progress to maximize the returns of their invested energy, money, and time.
Increase candidate outreach
Posting open jobs on different platforms increases the chances of engaging and hiring the right candidate. But selecting the platforms and following the registration process of each site can be time-consuming. An AI Applicant Tracking System quickly shares a consistent and branded job posting across each site and the company’s website, making it easy for potential candidates to find and apply for job postings.
Provide a better candidate experience
Candidates expect a fast and efficient application process, and an ATS delivers just that. By providing clear instructions, automated follow-up emails, and a streamlined application process, candidates have a better experience when applying for a job.
Additionally, an ATS makes it easy for candidates to track their application status, ask questions, and receive updates from recruiters. By providing a positive experience for applicants, companies can improve their brand reputation and increase the likelihood of attracting top talent in the future.
Enhance collaboration and teamwork
An ATS makes it easy for teams to collaborate on the recruitment process. Hiring managers and recruiters can share notes, discuss candidates, and make decisions together.
Additionally, an ATS provides a centralized location for all recruitment-related data, so that everyone involved in the process can stay on the same page and work more efficiently.
Support compliance with legal requirements
An ATS can help ensure that a company’s recruitment processes comply with relevant laws and regulations. By providing a consistent and transparent process, an ATS helps companies avoid discrimination, ensure equal opportunity for all candidates, and maintain a legally defensible hiring process.
This is particularly important for companies operating in regulated industries, such as finance and healthcare, where compliance with legal requirements is critical.
Provide valuable insights and data
An ATS collects data on the entire recruitment process, from job posting to candidate selection. This data can provide valuable insights into the company’s recruitment strategies, enabling companies to make data-driven decisions to improve their recruitment efforts.
Benefits of ATS: Makes it Worthy to Invest In
The benefits of an Applicant Tracking System make it an invaluable tool for recruiters. From saving time and money to improving candidate experience, an ATS allows you to stay ahead of the curve, meet your objectives, and make better hires in less time. Are you ready to experience the benefits of an ATS? Request a demo today.
Frequently Asked Questions
What is an AI applicant tracking system?
An AI applicant tracking system is a type of recruitment software that uses artificial intelligence to automate and improve various aspects of the recruitment process.
How does an AI applicant tracking system improve the candidate experience?
An AI applicant tracking system can improve the candidate experience by providing a more personalized and efficient recruitment process. This can include providing personalized communication and providing real-time feedback on the candidate’s application status.
How does an AI applicant tracking system improve the matching of candidates to open positions?
An AI applicant tracking system can improve the matching of candidates to open positions by using natural language processing and machine learning algorithms to analyze resumes and identify the most qualified candidates based on skills, experience, and qualifications.
How does an AI applicant tracking system reduce recruitment costs?
An AI applicant tracking system can reduce recruitment costs by automating repetitive tasks, such as resume screening and scheduling interviews, which can save recruiters time and resources. Additionally, an ATS can also help to reduce the time-to-hire, which can ultimately decrease recruitment costs.