April 13, 2024

Business Bib

Business & Finance Blog

Tips for Choosing the Best Applicant Tracking Software for Your Business

3 min read

An applicant tracking system (ATS) is a comprehensive recruitment automation system that streamlines the time-consuming process of acquiring new personnel. By automating mundane tasks, ATS frees up recruiters to focus on the more important job that requires a human touch and the capacity to think critically.

The rapid growth of technical capabilities has led to a flood of new software on the market. Because price, number of employees, and size of business all have a role, finding the best recruitment software on the market may be difficult. The top software is out there, however, and you can find it. Consequently, hiring managers are pondering how to choose the best applicant tracking systems (ATS). 

Therefore, it is crucial for SaaS companies to provide customised recruitment tools and create a better experience for recruiters and hiring managers. Purchasing an application tracking system (ATS) for use in your company’s hiring processes will involve ongoing expenses. Therefore, it is crucial to make an informed judgement while picking applicant tracking system.

Why is an Application Management System Beneficial?

The Applicant Tracking System may make it easier to follow up with job-seekers who drop off their resumes at your career site. Moreover, it benefits businesses, employees, and job-seekers alike. The recruitment platform you employ will determine the look and feel of your job board for potential candidates.

The application tracking system (ATS) collects and stores candidate information, such as resumes, and matches them with relevant job postings. Even once the hiring phase is through, the system may be used as a one-stop shop to improve internal processes and boost productivity. This gives you access to the best candidates presently available.

Consequently, for recruiters and hiring managers to make a well-informed selection regarding an ATS, they need to have a firm understanding of the benefits they would receive from using AI-powered recruitment software. The Applicant Tracking System has several benefits, so let’s quickly go through them.

The global market for applicant tracking systems is predicted to grow by $3.11 billion by 2030, according to a report by Straits research. This article will help you choose the best Applicant Tracking Software taking into account the demands of your business in light of a recent development that illustrates the increasing need for recruitment software. Let’s make sure we have a firm grasp of the parameters before we settle on an ATS to streamline your hiring procedure.

Emphasise Hiring Via Social Media

Experts found that 71% of HR professionals and other decision-makers agree that social media sites like LinkedIn and Twitter are useful for initial candidate screening.  CareerArc found in a separate survey that 86% of respondents actively used social media to search for employment opportunities.

Regularly checking social media for updates on new job openings is a good practise for both active and passive job seekers. This makes it a powerful tool for staffing needs. One of the easiest ways to improve your odds of choosing the best applicant tracking system that will help you find and hire the best candidates is to take social media recruiting into consideration.

Find out how precise the ATS is

To what degree does your applicant tracking system support resume parsing, if at all? This is the kind of thing you should find out before purchasing any recruitment software, since your ATS may be able to search for references to human resources in resumes but may not be able to identify HR.