An ATS (applicant tracking system) is a candidate management system specially designed to streamline the sourcing and filtering of candidates based on the selected keywords and other factors. Due to this, it saves a lot of time and increases efficiency by eliminating the unqualified resumes for the role.
An applicant tracking system may also be known as a talent acquisition and management product (TAMP) system. Around 99% of all Fortune 500 companies and other small and mid-sized businesses use an applicant tracking software to filter resumes through ATS software.
How Does an Applicant Tracking System Work?
An applicant tracking system is a centralized platform for posting a job on various hiring platforms, including job portals, career pages, and many other channels.
All the resumes collected from these platforms are stored and filtered based on specific keywords and criteria, as stated in the job description. It also acts as a pool of talent where you can search profiles, evaluate all candidates, and also schedule interviews.
Besides that, the best applicant tracking systems help organizations streamline their entire recruitment process with various integrations with other systems.
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Viewing of Applications
Some recruiters follow the next step of automatic ranking directly, while a few prefer viewing every application. First, such recruiters look at the applicant’s past job roles, companies they worked for, and other achievements. They then decide if they want to have a deep study of the resume or not.
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Collection of Applications
The application tracking system can also act as a locker to store all the incoming resumes of aspiring job seekers. Once the application is submitted, the HR managers can collect them from the vault to be further processed, if needed. The point here is that the applications are secure in the applicant tracking software of the organization, even after the position is filled up.
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Keyword-based Filtration
Every job description has certain keywords related to job skills and title. An applicant tracking system is programmed to identify exact keywords. If the focus keywords are present in the resume and cover letter, the applicant moves through to the next stage of recruitment.
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Automatic Ranking of Applications
As spoken about earlier, some recruiters prefer to enjoy the benefit of automatic ranking by applicant tracking software. The job application tracker can assign a rank to the applicants on several parameters, like work, life skills, experience, etc. Higher rankings are qualified to move to the next step of the process. In addition, specific software options provide an automatic ranking of the resume based on the best match to the job description.
Why Should You Use Applicant Tracking System?
While technology and business go hand-in-hand and will continue to develop simultaneously, it is only natural that business strategies also turn to more significant and newer ways to continue to improve. So, when there is software available to ease the process and achieve great heights, you have to put it to good use.
This is the same case with the ATS hiring platform. Here are some advantages of having an applicant tracking system.
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Saves Extra Time and Costs
You can rely on an applicant tracking system to save time and focus more on strategizing the hiring process. It automates several processes, like job postings, email templates, scheduling interviews, etc. Moreover, you do not have to consider unqualified resumes with the help of the ATS document service.
All-in-all, applicant tracking simply performs everything and reduces the need to hire more manpower. It becomes a cost-effective solution as long as you subscribe to the right ATS solution best fitted for your organization.
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Eases Out the Recruitment Process
By easing out, we mean using an ATS recruitment software that helps streamline the talent acquisition process by filtering, sorting, and storing recruitment-related data systematically.
It identifies the qualified applicants quickly, reducing the time for the organization to go through all the resumes the candidates submit. Besides, it updates your talent database constantly to cater to all your manpower requirements.
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Helps Improve Company Image
In recent times, candidates are willing to apply to a company with the good work culture and brand image.
ATS helps in finding you the right person for the job role, ensuring that both employees and employers are satisfied with each other. It helps creates a very cordial work relationship, which results in an increased retention rate. In addition, it has a direct impact on the organization’s image.
Besides this, modern technology will ensure that candidates are updated about their job application status.
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Increases Your Pool of Qualified Applicants
With the ATS document service, you can manage as many hiring platforms as possible. As a result, you can eventually create your pool of qualified candidates.
You can use your database to find a suitable applicant for future job openings, which saves you effort and time. Most importantly, it keeps the database organized. You can run a keyword search efficiently to filter out resumes.
Ending Note
When it comes to streamlining the recruitment process, the applicant tracking module can be a really important addition to your onboarding process. It has multiple features that bring communications, collaboration, and automation under one roof.
Most of the vendors for applicant tracking systems offer a free trial for their products. Omind Technologies is one of the frontrunners in integrating workforce management and onboarding tools.