The hiring process can be time-consuming and frustrating for both employers and job seekers. Many businesses have begun to use ATS to streamline the process. An ATS is a piece of software that manages the hiring process. This is accomplished by gathering and organising thousands of resumes. Hiring managers can then use the ATS to screen candidates and track their progress with the hiring process. An ATS saves employers time and money by digitising the hiring process in this way.
Applicant Tracking System Streamlines the hiring process
The ATS receives a job requisition. This requisition contains job-related information such as the job title, desired skills, and necessary experience. This information is then used by the ATS to create a profile for the ideal candidate.
The ATS parses, sorts, and ranks applicants' resumes based on how well they match your profile. Hiring managers then quickly identify the best candidates and advance them through the hiring process. It's essential to understand that recruiters frequently filter resumes by looking for key skills and job titles.
There are various great features of ATS
Applicant tracking system allows people to apply for jobs from any device, without having to log in. As a result, businesses benefit from a wider range of applicants. Companies use ATS software to automatically surface as well as highlight top candidates because there are so many applicants.
- Resume parsing: It involves collecting information from resumes such as contact information, educational background, work history and skills.
- Advanced search: It enables you to filter applications by keywords, job titles, skills, experience, education, and other criteria.
- Candidate sourcing: It allows you to actively seek out, identify, and contact potential candidates for open positions.
- Multi-channel candidate sourcing: This allows you to find potential candidates through a variety of channels, such as job boards, social media, as well as employee referrals.
- In-built CRM software: Some ATS include CRM software to meet all of your needs on a single platform.
- Email templates: Most ATS provide email templates to ensure that all correspondence with applicants is consistent and professional.
- Advanced analytics and reporting: This feature lets you generate detailed reports on job candidates, hiring trends, and other data.
- Different integrations: This means that the ATS can communicate with various types of software, like email marketing software, accounting software, as well as CRM systems.
- Ability to schedule interviews: By automating interviews, you save time rescheduling, sending reminders, and coordinating multiple calendars.
- Real-time collaboration: It allows people from various parts of the organisation to participate in the sourcing, screening, as well as decision-making process for new hires.
- Automation based on specific events and conditions: This means that your ATS will only be activated if a specific scenario occurs.
Most large corporations use applicant tracking systems
According to research, over 98.8% of Fortune 500 companies use ATS, while a Kelly OCG survey found that 66% of large companies and 35% of small organisations use recruitment software. These figures continue to rise. If you're applying to a large company, you'll almost certainly face an ATS. You are submitting your application through an ATS if you use any online form. Indeed and LinkedIn, for example, have their own built-in ATS.
Without a doubt, artificial intelligence (AI) is rapidly evolving the world of recruitment. AI-powered ATS are already screening resumes, identifying potential candidates, and conducting preliminary interviews. As AI advances, it is likely that ATS software will become more sophisticated. These systems are anticipated to be more fully integrated with social media platforms such as LinkedIn in the future. They will be able to identify both active and passive candidates who are a good fit for open positions as a result of this.
About FlexC
FlexC is an AI-powered deep work platform that was created to assist global organisations in finding global talent, including freelancers, contractors, and full-time professionals. FlexC, which is trusted by over 500 global organisations, offers an ecosystem of features that aid in profile screening, interviewing, onboarding, BGV, monitoring productivity, and payments via an interactive dashboard. With FlexC's AI tool, find talent from its repository of 70k+ professionals and improve the efficiency of your hiring process by 2X.
With their AI technology you will be provided with the list of best matched candidates for the job. It will be time saving for you as it also includes AI recommendations and curated agency profiles from all vendors within 72 hours of posting requirements, as well as an in-built application tracking system and makes a LinkedIn social profile. Their offline Video interviews are very popular for hiring candidates for non-tech roles along with L1 interviews with a complete background check. There are no signup fees and you have to only pay based on your success rate while they create and maintain your own talent pool with monthly reports which will help you with the assessment.
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