If you own a business or manage your company’s HR department, then you are familiar with the hiring process. Once you post a job, you start getting a lot of applications and resumes. So how do you keep track of them? An applicant tracking system (ATS) is a software that allows you to electronically handle and organize all your recruitment needs. An applicant tracking system is similar to a CRM software, except that it is specifically designed for recruitment purposes. It allows an organization to collect and store candidate and job related data, as well as monitor the process the candidates go through in the hiring process. Basically, it is a way to streamline an organization's hiring process and help them review applications more quickly. So how do you find an ATS that is perfect for you? This is very important, but can be tricky. We will take it step by step.
Will Your Business Benefit from an ATS?
Yes. If you are planning on hiring employees at some point, then you will definitely benefit from an applicant tracking system. The only exception to this is if you run a very small business with 1-2 employees and are not planning on hiring more. According to Recruiterbox, HR experts calculate the average hiring process costs to be about $3,500, and companies with employees could save up to $10,000 using an ATS. So, even if you do run a small business, you might want to consider getting an ATS.
Finding the Right Fit
There are many Applicant Tracking Softwares out there, and they all claim to be the best there is. This can make it harder to find the ATS that fits your business and your budget. The first step is to do your research. Find what options are available locally, and if that doesn’t work, expand your horizons. Compare everything you find and narrow your choices down to 2 or 3. Once you have your top 3 choices, ask for a free trial or a demo. This will allow you to see exactly how the software works and how it could make your hiring process easier. Include your HR team and any other people who would use the software most, that way they can give their feedback and help you choose an ATS that will be easy to use and will allow you to do everything you need.
In order to find the best ATS for your business, you should already have a budget in mind. How much are you willing to pay to streamline your recruiting process? Is this a priority at the moment? Pricing varies from software to software; some ATS cost thousands of dollars up front in order to get you an annual license. You then have to install it and train your employees. Others, like Dominion’s, are web-based and do not require a contract. Software like this is designed to simplify your application process and fit your budget. Keep in mind that every company will have a different pricing structure depending on the capabilities of their ATS. Not only should you focus on the price, but also in the capabilities. Make sure the ATS you choose will solve any problems you may have and will actually streamline your hiring process.
If you are interested in learning more about what an ATS software can do for you, click here.