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.
What is an Applicant Tracking System?
An applicant tracking system (ATS) is software designed to help recruiters and hiring managers to 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 Benefits of Using an AI Powered ATS
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, its benefits, and how it helps businesses achieve a competitive advantage in the fast-paced staffing industry.
1. 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. An ATS 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%.
2. Simplify the application process
An ATS provides a step-by-step application guide to all candidates. It details how to fill out applications, upload supporting documents, and complete assessments, enabling applicants to apply quickly and easily.
An ATS not only has a positive effect on the first steps of the application process, but it improves the quality of the whole by being a professional and reliable platform.
3. Improve the candidate review process
Filtering out applications and analyzing resumes is a hectic process. But an intelligent, AI-powered ATS provides recruitment teams with simple tools to automate steps like screening, filtering, and ranking candidates.
It can also automatically parse and store resumes, automatically rank candidates based on customizable criteria, and present candidate data in a transparent way that makes comparisons fast and simple. Powered by semantic search algorithms, an ATS also reduces bias, makes sure no candidate is overlooked and helps ensure recruiters always make the best placement decisions.
4. Streamline 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.
5. Reporting and actionable talent analytics
An AI-powered ATS generates 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.
6. 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 ATS 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.
Why invest in ATS software?
An ATS not only saves time and money, but also helps your company stay ahead of the curve, reach your objectives, deliver value to your recruiters, and help them make better hires in less time. Ready to try an ATS out for yourself? Request a demo today.
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