Applicant Tracking System (ATS) is a software that deals with the hiring and recruiting measures, including posting jobs and job applications. It coordinates data about job searchers and makes it accessible. As its name infers, an ATS tracks candidates through the employing cycle. It assists with scheduling interviews, issuing notifications and alerts, and sending automated emails to candidates and internal employees, such as the recruiter and hiring manager.
Table of Content
- Importance Of A Collaborative ATS To HR Managers And Recruiters
- How Does An ATS Work?
- Why Do Recruiters Use It?
- Important Features Of ATS
- Keyword Searches
- Automatic Ranking
- Resume Formatting/Parsing
- Duplicate Detection
- What Does The Future of ATS Look Like?
Importance Of ATS For HR Managers And Recruiters
- Separate candidates and suggest the top applicants.
- Lead a primer investigation of the candidates to locate the best fits for a work.
- Search for keywords or use AI algorithms that run a more profound examination.
- Speed HR’s survey of applications and resumes.
How Does An ATS Work?
An Applicant Tracking System (ATS) smoothes out the recruitment cycle by assisting hiring managers with making job postings, distributing them to company websites and job boards, screening candidates, following their status, putting away their data, and improving the last strides of the recruiting cycle when an offer is extended.
An ATS System Impersonates The Human Thought Process
Instead of dehumanizing the hiring process using AI, these systems tend to be equipped with AI functionality that impersonates the human thought process. ATS features are specifically designed to scan resumes for key information in the same manner that a recruiter would but without wasting the recruiter’s time on mundane elimination work. As an added benefit, ATSs can do this faster than people can and with fewer errors and oversights.
Why Do Recruiters Use ATS?
Most hiring managers receive hundreds of resumes for any job opening and hire for different openings, all at once. Applying for a job has become a very easy process and almost anybody can do so. Going through a multitude of resumes and applications manually has basically become an impossible job and a waste of time too.
Applicant Tracking Systems makes the hiring process seem like a cakewalk. How?
- It lets you reuse job descriptions for multiple positions, reducing the effort required to post a job.
- It can post and manage job ads on the organization’s internal and external career sites and across multiple job sites, such as Indeed and Monster, and on social media sites such as LinkedIn and Twitter.
- It maintains a database of new applicants and people who may be prospects for future openings.
- It aggregates information about candidates, including any communications, and the jobs they’ve applied for in the past, to create a single view and profile of each candidate.
- It may also help sort and rank candidates by, for example, conducting an initial scan of candidates to select those who best meet job qualifications.
- It may also be set up to automate responses, send out interview reminders, and alert people in the database to new job openings. From this perspective, the ATS acts as a form of customer relationship management.
4 Important Features Of A Good Applicant Tracking System (ATS)
Applicant Tracking Systems can have a long list of features. However, some of the most useful ones are as follows:
1. Keyword Searches
Filtering resumes using keyword searches is a very commonly used method by recruiters. This feature searches specific keywords in resumes and applications and filters out the candidates that contain the required keywords.
A search can contain multiple terms. Applicants who can anticipate the right resume keywords will have the best possibility of being remembered in a recruiter’s lists. This process is automated by TurboHire by analyzing resumes against the expected set of responsibilities to show the top talents and filtering out the best candidates.
2. Automatic Ranking
The Automatic Candidate Ranking technology rapidly figures out which candidates are the best fit for your open jobs, and puts these applicants at the first spot on your list.
Studies suggest that 75% of candidates are not equipped for the job they apply to, which makes additional work for recruiting experts who need to go through their resumes. Instead of going through hundreds of resumes manually, candidate ranking would allow you to go through only the best resumes that match your job requirements.
TurboHire makes use of a Meta Driven Recommendation Engine that generates a score for each candidate. Using this method, you can look into the profiles or smart cards of the candidates that have acquired the top scores only.
3. Resume Formatting/Parsing
Resume parser, additionally named as CV parser, is a program that analyses a resume/CV information and extracts it into a format that is readable by machine languages, for example, XML, JSON. With the assistance of resume parsing software, storing resumes becomes easy and the data is analyzed automatically. Resume parsing is a process that changes over an unstructured type of resume information into an organized arrangement.
Bonus read! We Have Crossed 1 Million Candidates Processed
What TurboHire’s Resume Parser has to offer?
- Get structured data from resume
- User Email, Name, Phone number
- Work history extraction
- Skill extraction
- Skill category extraction
4. Duplicate Detection
It is common for similar individuals to apply to your openings multiple times on different occasions. It’s incredible they’re so anxious to work for your organization yet you need your applicant records to be perfect and smoothed out. The duplicate detection feature makes it simple to recognize duplicate applicant profiles and merge these resumes into one.
It is impossible to keep track of the whole resume database and keep it out for duplicates. TurboHire accurately detects duplicate resumes and merges them. There is usually no requirement for detective work on behalf of the recruiters when you use TurboHire.
Bonus read! 10 Reasons TurboHire Is The Best Choice For SMBs
What Does The Future Of ATS Look Like?
The ATS market is seriously swarmed, having at least 100 ATS companies. IDC gauges that overall income from these services and administrations – including ATS and enlisting programming – will develop at a build yearly development pace of 5.2% from 2019 to 2023.
Some statistics to show that Applicant Tracking Systems are here to stay
- 75% of recruiters and hiring professionals use a recruiting or applicant tracking system. (Source: Capterra)
- 94% of recruiters and hiring professionals say their ATS or recruiting software has positively impacted their hiring process. (Source: Capterra)
- Over 98% of Fortune 500 Companies Use Applicant Tracking Systems (ATS) (Source: Jobscan )
“Applicant tracking and HR software/solutions are big businesses with continued expected growth over the next few years.” – Jennifer C. Grill, Product Evangelist, ApplicantStack.
Applicant Tracking Systems accomplish something beyond tracking applicants. They help recruiters and hiring managers smooth out recruiting measures, pull in the top applicants, and agree to government labor laws. ATS solutions are expected to continue to grow – in 2017, the global market revenue was $18 million and is forecasted to reach $35 million in 2025.
Investing in an Applicant Tracking System for a company is a wise decision. Why?
A good ATS will help the company raise hiring standards, cut costs, and save time, candidate sourcing and tracking are highly automated. As a result, the candidate database of a company will be filled with only the top talent in the market meaning jobs getting filled faster. It will build a network of efficient workers in the organization which ensures a better future.