5 Reasons Why You Should Invest in an Applicant Tracking System
Many companies are currently struggling to manage their recruitment process; is yours one of them?
Whether you’re overspending on recruitment agencies, taking months to make a hire or neglecting to nurture your candidates, a poorly thought-out recruitment process can add hours of work to your week (and drain thousands of pounds from your budget).
We’re a great believer that recruitment software can bring many benefits to your hiring process. Of course, not every aspect of your recruitment can be automated and neither should it be – after all, nothing can replace the human side of recruiting.
However, technology can help to automate those irritating admin tasks that can suck up the majority of your time. This means that you can spend more of your day talking to candidates, building relationships and making great hires for your business.
Why else should you invest in an applicant tracking system (ATS)? Webrecruit explores five of the main advantages that recruitment software can bring to your hiring process.
1. It will save you hours of time, every week
We’ve already touched on the benefits of automation; in fact, UK businesses are wasting £60 billion a year on administration tasks that could easily be automated.
However, an ATS can also improve the organisation of your team. Candidate tracking means that you’re alerted to any new applications; this is ideal if you’re under pressure to meet internal SLAs.
As you assess applications, you can also allocate them into separate pots for your shortlisted, longlisted and unsuccessful candidates. All details are stored within the system so it’s easy to quickly locate a candidate’s CV, contact details, application answers and list of key skills.
2. It will help to reduce your recruitment costs
It can cost thousands of pounds to hire a new member of staff, once you factor in recruitment agency fees and the cost of lost output while your hire gets up to speed with their new role.
While an ATS might seem expensive in the short-term, the value that it can deliver to your business is immense. For many companies, it will enable them to bring more of their recruitment in-house and reduce their use of recruitment agencies.
An ATS will also enable you to make data-driven decisions when it comes to your recruitment budget. For example, it tracks the application source of each candidate, which means you can see where your best applications are coming from and identify any underperforming job boards.
3. It will allow you to measure your results more easily
One of the most attractive features of an ATS is its reporting functionality.
Collating candidate data and manually producing reports can be time consuming, however an ATS can generate reports quickly and easily. For example, Webrecruit’s own Fusion ATS allows you to report on your time-to-hire, application sources, application methods and more with the click of a button.
All candidate data is tracked within the system, which allows you to gain valuable insight into the behaviour of your candidates, as well as the overall performance of your recruitment campaigns.
4. It will help you to manage high volumes of applications
If you’re advertising a role that has generated a particularly large response or you’re running a volume recruitment project, you’ll know how time-consuming it can be to sift through hundreds of CVs to find suitable applications.
An ATS allows you to quickly identify key skills and manage your applications efficiently and effectively. You can also send out communications in bulk to keep candidates updated on the progress of their application.
5. It can provide a better candidate experience
An ATS allows candidates to complete their application and attach their CV and covering letter all within one online portal; this eliminates the need to download application forms and manually email multiple documents to the company.
The majority of Applicant Tracking Systems are compatible with mobile devices; as a larger number of jobseekers are completing their applications on the move, this is more important than ever.