Recruiting the right talent for your organization is no easy task. It requires juggling a lot of moving parts—including managing job boards, career sites and resume databases. It takes time and can create gaps that cause you to miss out on top candidates.
What is ATS? Well, ATS stands for applicant tracking system and it's software to help simplify the candidate management process in your recruiting teams by the handling of all your company’s recruitment needs in a single platform. With an ATS, you can organize, collect and store candidate- and job-related data and track and monitor candidates through all stages of the hiring process.
Why should you buy an Applicant Tracking System? Here are 5 reasons most employers decided to make the move:
- Manage processes in one place.
Using multiple tools to manage the different steps of the recruitment process can be frustrating and time-consuming. An applicant tracking system can handle all of your recruitment needs from source to hire in one single platform. In addition, eliminating the need to log in to different systems saves time and allows your recruiters to make quality hires more easily.
- Increase efficiency.
An ATS can combine talent pools into a single, searchable database, allowing you to access past applicants, talent network members and resume database members with one search. The use of semantic search technology ensures that you’re only getting the most relevant candidates.
Some ATS solutions also include job distribution to automatically post the position to your preferred job boards, in case your current talent pool isn’t satisfying your needs, saving time and increasing ROI.
- Collect real-time data.
Recruitment strategy decisions require real-time data. In addition to producing reports on your internal processes, an ATS can deliver labor market and source tracking data. Labor market data helps determine how easy or difficult it will be to source candidates. Source tracking identifies where applications are coming from, so you can strategize accordingly.
- Build a talent pipeline.
Building a pipeline of talent for future positions is essential to any effective recruitment strategy. An ATS that includes candidate-optimized career sites with built-in talent networks helps you acquire and engage your pipeline. Candidates are instantly subscribed to receive email alerts of new opportunities at your company.
- Ensure compliance with government regulations.
An ATS can help you minimize and correct compliance issues—especially in regards to employment discrimination claims. Standardized job postings, interview questions, pre-selected reasons not to move forward with a candidate and self-assessment reports help ensure that you meet the standards set forth by the Office of Federal Contract Compliance Programs (OFCCP) and Equal Opportunity Employment (EEO) for all employers with 100 or more workers.
Learn how one company improved their candidate experience with CareerBuilder's ats, aptly called Applicant Tracking.