How An Applicant Tracking System Can Save You Money

The popularity of the Applicant Tracking System (ATS) is growing and not just for large companies. Small and medium sized companies are looking to advance their HR departments as well. But there has to be a good combination of human and computer interaction. Automation is the current trend in HR and recruiting. How effectively do you use your Applicant Tracking System?

Applicant Tracking Systems are great for HR professionals and recruiters. It greatly helps recruiters minimise the size of their talent pool without wasting precious time and energy - not to mention money.

So where does your company stand? Applicant Tracking Systems have saved 20 percent of companies’ precious time during the hiring process. Over half of organisations have noticed the recruiting trends and plan to make some major HR technology purchases in the next 18 months.

Online Resourcing’s recruitment technology, Talent Match, has a unique Applicant Tracking System created to provide accurate detailed reporting on the status of candidate applications. All reporting can be tailored to suit your business needs and existing management systems.

By enhancing your market knowledge, you can identify and track websites that produce high quality candidates that are best suited for your business.

This in turn will help you reduce your recruitment spend year on year.

Here are just a few key reasons why an ATS like Talent Match should be your next HR technology purchase.

Applicant Tracking Systems Save Time

From automated social sharing, to managing email templates and delegating tasks, an ATS takes off much of the burdens recruiters traditionally face. Not to mention the number of unqualified resumes you will never have to look at. An ATS can also automate social recruitment, which recruiters say can reduce hiring time by as much as 20 percent.

Applicant Tracking Systems Save Money

When you combine all that you are paying for in job adverts and agency fees, you will find that an ATS can actually turn out to be cheaper in the long term. Even smaller companies with less than 10 employees can save up to £6000 after they start using an ATS - and keep in mind that the average hiring cost in in the UK exceeds £5,000.

Improved Candidate Experience

Many applicants are likely to be unsatisfied if they don’t receive regular updates on the status of their application. Depending on the number of applications, it may prove difficult for you do that. An applicant tracking system will automate responses as well as social job postings, so you never have to worry about that.

Boost Employee Retention

An ATS helps you find a quality match quicker for a role and that doesn’t just save time and money. The better the match, the more likely that both you and the employee will be satisfied with the outcome. This will reduce turnover and help you build your employment brand.

Not Just For Big Companies

Applicant Tracking Systems are definitely not just for the big companies anymore. There are more mid-sized businesses using an ATS than ever before, not far from the 75 percent of large companies who reportedly also use one.

In fact, recruiters we speak to at mid-sized companies consider these systems even more important than recruiters at large companies do. Even small companies can save money and actually reap a lot more benefits from an ATS, even though they might be slower to adopt them.

It’s not hard to see why, just imagine getting thousands of applications daily and how hard it would be for your recruiters to look at them all without sacrificing quality.

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