3 Best Applicant Tracking Software 2020
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Cloud based solution for recruiting and application management with custom screening/interviews & on-boarding automation screening, interviews, job descriptions
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Applicant Tracking Software
Surrounded by a highly competitive job market, applicant tracking software (ATS) offers recruiters to make the whole process of tracking and managing applications in a streamlined manner. It provides recruiters with an extensive database of job seekers and applicants with their information. The software includes the collection and segregation of data based on applicant skills and job preferences.
ATS gives a digital interface to allow recruiters to manage organization’s job openings. It accomplishes tasks like applicant tracking, scoring, profiling, and resume organizing.
Benefits of Applicant Tracking Software
ATS is influential in automating filtering process of applications as per job requirements.
The software helps in the following objectives:
Automating and streamlining the recruiting process
A prerequisite for an efficient and effective recruitment process is to get the best candidate from a pool of job seekers. Modern applicant tracking tools increases recruiters’ experience by the digitalization of screening resumes, contacting candidates, and following up them after selection. The software integrates information from the database to make the search easier.
Boosting HR efficiency
Long, the multi-stage recruitment process starts by mentioning a job to sourcing the right candidates and then hiring. The software can post jobs on multiple portals with a single click. This enables recruiters and recruiting agencies to expand candidate search and engage them at a faster rate.
To find the best talent needed for a particular job in the least possible time, one has to spend money on job boards or boost referral process. But with the software, the cost of recruiting has drastically come down.
Improving the quality of hires
Applicant tracking software helps in shortlisting quality candidates as per the requirements of skills. Recruiters get talented candidates whom they quickly hire to fill up their possible openings and even maintain the database during no recruitment duration for future references. With automation, recruiters effectively do admin tasks and engage candidates to accelerate the hiring process. It makes the candidate’s onboard process faster.
Typical features of applicant tracking software
Candidate tracking: Tracking candidate progress, Recording the interactions, making notes, and developing various stages of recruitment.
Candidate profiles: Creating, managing, and recording candidate information and making the available database more searchable.
Resume search: Managing applicant resumes and searching database.
Interview scheduling: Synchronizing calendars with software and scheduling candidate interview accordingly.
Resume parsing: Converting multiple resumes and formatting them into a standard format to be available to compare skill sets with the job requirement easily.
Cost of applicant tracking software
Products available in the market are having “per job posting” pricing plan. Some of them are priced on a “per user, per month” basis, too. A premium product is rated higher and include some additional hype features like a referral program, workflow management, resume branding, social media posting, and interview self-scheduling.
Points to Ponder while purchasing Applicant Tracking Software
The final cost of software
Vendors may charge annual agreements or on per user basis. Some offer the software with a monthly subscription. A vendor could even to ask for each job post or every user. Therefore, try to understand the vendor’s overall pricing structure before buying the software. It may come with some of the associated expenses like training costs, reporting costs, customer support fees, and candidate onboard fees. Sometimes it may or may not be included with the software.
Ease of implementation and integration capabilities
You have to handle a big pool of data, which the ATS should do for you and will make no mistake. It should be able to export the data to a new system, or import data from another database with ease. Purchaser may be required to integrate ATS with HR software making onboarding of the candidates and payroll easy. This whole process is vital for many businesses that handle recruiting in-house on their own. Therefore, check with the vendor of the ATS whether they provide amalgamation and integration of email, databases, calendars etc. with implementing the support and training system after installation of the software.
Relevant applicant tracking software trends
Social media recruiting is on the rise.
Engaging with social media for a few hours every day is a new norm. Companies take leverage of the trend to increase their brand visibility. Many recruiters have started posting jobs on these networks on social media to engage with applicants. You can also do live Q&A with applicants, even get on the trending Twitter hashtags, time social media posts for maximum engagement. You may even create and post on a LinkedIn page for more presence.
AI is the new implement for recruiters.
Artificial intelligence (AI) is increasingly pushing businesses and improving productivity and strengthening performance. It offers recruiters with the automation of various recruitment tasks like resume screening and onboarding recruited candidates. AI chatbots quickly respond to candidates and reduce the workload of recruiters.