Importance of Applicant Management in Today’s Recruitment Procedure
With thousands of new job applications submitted each day, a huge responsibility has burdened recruiting managers. And with the responsibility comes a lot of challenges. Deloitte says organizations are facing four major challenges in their end-to-end recruitment procedures which include – increasing complexity and lengthiness of recruitment procedures, critical occupations and mission-based staff gaps, difficulty in tracking the entire hiring process, and employee and applicant dissatisfaction. Hence, Forbes says to minimize this paperwork and workload, 99% of Fortune 500 companies and 70% of large enterprises have started using an applicant tracking system.
So what is an applicant tracking system? How much does it cost? Who can use it? What are its features? What benefits does it provide? If you want answers to all these questions then simply start reading!
What is ATS or Applicant Tracking System?
One of the most widely asked questions is “what does ATS stand for?”
ATS, the acronym of Applicant Tracking System, refers to an Artificial Intelligence and Data Analytics-enabled end-to-end recruitment management solution. This solution enables job descriptions (JDs) posting on multiple job boards, collecting, sorting, and storing of applications, reviewing and ranking applications, organizing applicants’ data and conversations, and much more.
In short, Applicant Tracking Software helps to streamline hiring and recruitment processes. Organizations using ATS applicant tracking system have witnessed:
- 80% increase in recruiting efficiency
- 25% increase in business productivity, and
- 50% decrease in attrition rates
So how much does ATS software cost? Let’s check that out from the section below.
What is the cost of an ATS system?
Determining the accurate rate of applicant tracking software is quite difficult. Since different organizations have their rates. Moreover, some organizations prefer to disclose their pricing to the audience and some offer their services in the form of quotes. Furthermore, the price also depends on the type of service models a company offers. Usually, ATS companies provide three types of business models – pay per user, pay per position, and pay per module.
Hence, the cost of ATS recruitment software usually varies depending on the following factors:
- Type of ATS system,
- Features required,
- Service model,
- Size of the organization,
- Installation, and
- Support and maintenance
Hence, we offer Birbal, your one-stop solution for all your end-to-end recruitment and job applicant tracking needs, at the best rate in the market. Contact us and a free consultancy and quote today!
How to select the best ATS applicant tracking system?
Selecting the apt ATS applicant tracking system can be quite tough if you do not know where and how to look for it. Hence, we have compiled a list of the “must-know” things before you get in touch with an ATS recruitment tracker. Check them out to get your hands on the best applicant management system that meets your end-to-end business requirements.
The primary factor that you must chalk out before getting an applicant management system is to know the amount you can spend on it. Based on your budget track down ATS systems and their features. In this way, you can get your hands on high-ended applicant tracking software on a fixed budget.
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Make a rough draft of your workflow requirements
Various organizations have different hiring requirements. Hence, you must analyze your workflow and find out the major areas that need immediate attention. Based on your requirements, search for products and how they can help you to resolve these issues. Go for free applicant tracking software trials and demos to understand the product better.
Moreover, compare ATS tracking software to find out missing features and amount differences. This method will help you to find the best-featured ATS software that meets your end-to-end business requirements.
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Analyze companies’ repute in the market
You always go for brands with a good reputation in the market, don’t you? Why? Because a good reputation in the market helps you to trust them. However, obtaining applicant tracking software from big companies can be a costly endeavor. Moreover, you might also get the same products at quite a low cost from SMB providers.
For the latter, you must check their clients’ reviews and ratings, portfolio (for use cases), third-party site reviews, industrial experience, and business models to get a clear picture of their market reputation.
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Make sure the ATS tracking system is mobile-friendly
With portability turning into a necessity, mobile-friendly applicant tracking software is in much demand. Plus, you can carry your work and meet up with emergencies from any point of the day with a recruitment tracker’s mobile version. Hence, ensure whether the ATS software comes along with a mobile version or not.
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Find out about data security implementation
A lot of critical data is shared over ATS software. Hence, absolute security of data is essential to prevent endangering them in the wrong ways. Therefore, you must enquire about the security practices used to develop the product. Some points you must emphasize to ensure proper data security includes data encryption, malware detection, access control, secured AWS cloud servers, and others.
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Ensure maintenance and support
And what will you do if your applicant tracking software crashes at an odd part of the day and with no helping hand to rescue you from the crisis? Hence, look deeper into your preferred organization’s maintenance and support services before you finally opt for their product.
Are you wondering if you can use job applicant tracking software or not? Check that out in the following section!
Who can use Applicant Tracking System software?
With the high competition in the market to secure the best applicant, recruiters are having a tough time dealing with diverse candidates. Hence, to meet their requirements, ATS usually caters to:
- Corporate HRs: Applicant tracking system software streamlines recruitment procedures, enabling corporate HRs to find and retain the best candidates for their organizations.
- Staffing Companies: An HR ATS recruitment tracker system helps staffing firms fill job openings instantly with apt applicants.
However, it is not just restricted to the above two. If you are having a tough time with recruitment tracking then try out Birbal. Our video interview-cum-job applicant tracking software offers you a diverse range of facilities to boost your recruitment performance. So try us out today! Reach out to us to avail a free trial of our innovative recruitment tracker!
What are the features of an Applicant Tracking System?
The reason behind the streamlined workflow right from the creation of a job description to screening and job applicant tracking is the futuristic features of the ats software. The features of an applicant tracking system software features include:
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Applicant Tracking system in Job description creation and posting
HR ATS software provides you with pre-installed job description templates to speed up the JD development process. Moreover, you can also update the JD on multiple job boards right from the ATS system dashboard. Since the ATS tracking system easily integrates itself with multiple job boards for a wider reach and streamlined recruitment workflow.
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Applicant Tracking System in Career page branding
Career page branding and management are a vital part of your business schedule. Since two-thirds of applicants visit your career page when they show an interest in working with you. With applicant tracking system software, career page branding is easier than ever. The ATS tracking system provides you with a wide range of themes and graphics that you can simply implement with a simple click. Hence, developing and managing a branded career page is as easy as changing your smartphone’s wallpaper.
Your mailbox often chokes on different resumes once you post a JD. This often makes the sorting process quite difficult. And that’s when the applicant tracking and management system comes to your rescue. Machine Learning algorithms easily analyze each resume and filter out the relevant ones automatically based on recruiters’ criteria. Moreover, data analytics segments the data and portrays the relevant ones in preferred formats for easy selection and smooth job applicant tracking.
Now recruiters no longer have to attend innumerable calls and emails to clarify interview schedules. With an ATS tracking system, recruiters can easily schedule future interviews in the present.
Each step in the recruitment cycle is crucial for the success of an ideal candidate selection. One amiss can turn it upside down. Hence, an ATS applicant tracking system provides recruiting teams with unique facilities for enhanced recruiting process management.
ATS recruitment trackers work great with video interview software. Check out more of Birbal and notice the difference for yourself! Call us up today and get a trial and consultancy service absolutely for free!
What are the benefits of Applicant Tracking System?
An ATS tracking system is not only just about tracking, filtering, and ranking. Listed below includes some of the eye-opening benefits of the applicant tracking system that you must check out if you want to optimize your hiring process!
As said earlier, an ATS recruitment tracker automatically sorts resumes based on recruiters’ criteria using ML algorithms. Hence, HRs no longer need to spend their time cross-checking thousands of resumes in their mailboxes. Since job applicant tracking software automatically completes the process with accuracy and perfection!
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Hiring process automation
Starting from developing JDs to replying to selected candidates and other administrative tasks, HR teams no longer need to put their precious time behind time-consuming operations. Since an HR ATS recruitment tracker accomplishes all these tasks with the power of automation.
According to a GetApp report, 86% of ATS software users have seen an increment in the speed they take to hire candidates. This also helps to reduce hiring costs!
Rather than congesting mailboxes, recruiters can store and access categorized candidate information from the secured cloud servers. Moreover, these cloud servers protect candidate and organizational data from data breaches, hacking, and other cybercriminal activities. Hence, recruiters can easily select the resume they are looking for using the filter option on the applicant tracking system software.
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Performance and data analytics
ATS applicant tracking system also provides actionable predictive performance insights using data analytics. Hence, recruiters can identify loopholes in the recruitment process and take action against it in real time.
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Intensified communication
Recruiters can easily share their feedback on an interview with other members of the recruiting team using an ATS applicant tracking system. An applicant management software offers the option to make and share notes and ratings manually for enhanced communication.
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Enhanced applicant experience
With elevated branding career pages, an online professional page-based application process, and automated instruction and support, applicants get an enhanced experience. Moreover, candidates can appear for their interviews right from their phones. Since applicant tracking system software is mobile-friendly. Moreover, many HR ATS recruitment trackers support multiple languages for effective understanding and a streamlined recruitment process.
Organizations usually spend around $1857 to hire someone new for this job. Due to the reduction of hiring time using automation, job applicant tracking software recruiters can save this and above!
Hence, automate your job applicant tracking to enhance recruitment workflows and cut down costs with Birbal! Ring us up today for having an advanced experience.
Conclusion
The demand for faster and more accurate talent selection has led many leading organizations to adopt ATS for automation and speed. According to Global News Wire, the global applicant tracking system market will touch $2.22 billion by 2027. Businesses using the ATS applicant tracking system have been said to expand their brand presence, get a better reach of required talents, automate recruitment processes and at the same time save costs.
