What Is Applicant Tracking Software and Why Your Business Needs It?

Recruiting the right talent is one of the most critical aspects of growing a successful business. However, the hiring process is mostly time-consuming and complex. Also, it is prone to inefficiencies as a company starts to scale. 

In those cases, your business requires applicant tracking software. Streamline hiring with JobAdder’s applicant tracking software, with the help of which you will be able to simplify the recruitment process.

This way, you will be able to attract, evaluate, and hire top candidates fast. Also, you will do so in an efficient manner. Read on to get a better idea of what applicant tracking software is. Moreover, you will also get to know how it will benefit your business.

What Is Applicant Tracking Software? – A Basic Overview

Primarily, applicant tracking software is a digital system with the help of which you will be able to manage every stage of your company’s recruitment process. In general, these range from posting job openings and collecting resumes to screening candidates and scheduling interviews. 

In general, the ATS serves as a central hub. With its help, hiring managers, HR professionals, and recruiters will be able to track applicants, manage candidate communications, and collaborate effectively.

At its core, applicant tracking software helps organizations automate and optimize the hiring workflow. The following are some of the major features of applicant tracking software:

• Job posting distribution across job boards and social media.
• Resume parsing and storage.
• Keyword-based resume screening.
• Interview scheduling tools.
• Collaboration tools for hiring teams.
• Analytics and reporting dashboards.

In addition to that, advanced applicant tracking software platforms also integrate well with other HR tools. These include onboarding systems, background check services, and employee referral programs.

Why Is Applicant Tracking Software Necessary for Your Business?

The following are some of the major reasons why your business requires applicant tracking software:

1. It Streamlines the Hiring Process

A major benefit of using applicant tracking software is that your hiring process will become efficient. Hence, you will not have to manually sort hundreds of resumes. In this case, applicant tracking software automatically filters candidates. It also ranks candidates based on skills, experience, and other important criteria.

This way, as an HR professional, you will be able to focus on the most promising applicants. Thereby, you will reduce your hiring time.

2. It Improves Applicant Experience

In general, first impressions matter. Basically, a clunky or disorganized recruitment process might not attract top talent. In such cases, applicant tracking software platforms will help deliver a seamless experience for applicants.

For instance, these software systems simplify the application process. Also, they provide timely communication. Apart from that, there is also the option for self-scheduling for interviews.

In fact, a smooth candidate journey always reflects well on your company’s brand. Moreover, it will increase your company’s likelihood of attracting high-quality candidates.

3. It Makes Teams Collaborate Better

Primarily, you will not be able to make hiring decisions in isolation. Meanwhile, applicant tracking software ensures better communication between team members. This is because it provides shared access to candidate profiles, feedback forms, and interview notes. 

Thereby, it promotes a more structured and objective decision-making process. As a result, teams are able to collaborate with each other better.

4. It Helps You Maintain Compliance and Security

In most countries, labor regulations vary across regions. Apart from that, compliance is non-negotiable in those cases. 

However, with the help of applicant tracking software, your business will be able to stay compliant. This is because it offers secure recruitment data storage options. Also, you will be able to maintain audit trails and ensure that your hiring practices meet legal standards. In general, the EEOC and the GDPR update hiring practices and standards.

5. It Helps You With Data-Driven Insights

A great thing about applicant tracking software platforms is that they provide analytics and insights. This way, your business will be able to track key metrics. In general, these include time-to-fill, cost-per-hire, and sources of applicants. 

In addition to that, these insights are also invaluable for refining recruitment strategies. Also, you will be able to make better decisions regarding the hiring process.

6. It Helps You Scale Your Hiring Efforts

Your hiring requirements’ complexity grows with your company. In fact, as your company grows, the complexity of your hiring requirements grows accordingly. 

This is where you require the scalability of applicant tracking software. Apart from that, they also have the capability to handle increasing volumes of applicants. Meanwhile, you will not have to compromise the efficiency of hiring. 

Therefore, whether you are hiring for one role or one hundred, you will get consistency and organization from the ATS system.

7. It Helps to Make Onboarding Faster

The best candidates who apply for your business will want to hit the ground running instantly. In this case, applicant tracking software will be of great help to your organization. Basically, it will assist not only in hiring and recruitment, but also offer a variety of tools. 

In fact, with the help of these tools, you will be able to streamline onboarding. Hence, the business will be able to transition new candidates into full-time employees in no time.

Get an ATS for Your Business Now

As the job market is getting more and more competitive, you will have to do away with inefficient and outdated hiring processes. Otherwise, it will be difficult for your business to attract top talent. Hence, you have to start integrating applicant hiring software with your hiring process.

In fact, an ATS system is not a luxury anymore. Your business actually requires it. Basically, with the help of this system, you will be able to automate repetitive tasks. Also, you will be able to improve candidate engagement and get data-driven insights.

This way, you will be able to build stronger teams for your business processes. Hence, it does not matter whether you are a startup or a big enterprise. If you want to manage multiple roles, you will have to invest in a reliable applicant tracking system.

Do you have some suggestions on how to choose an applicant tracking system? Please share your ideas and opinions in the comments section below.