ATS Software – The Future Of Recruitment Is Here!

Urmi Shah

Urmi Shah

Senior editor

Parul Saxena

Chief editor

Last updated: September 1, 2021

On average, each corporate job offer attracts 250 resumes. Of those candidates, 4 to 6 will get called for an interview, and only one will get the job. — Glassdoor

Do you find yourself neck-deep in a pile of resumes? Then, pace yourself because it is about to get more rigorous. With companies widening their horizons and hiring resources beyond all geographical boundaries, it will be an incredible and challenging journey further ahead.

Looking for Billing and Invoicing Software? Check out SoftwareSuggest’s list of the best Applicant Tracking Software solutions.

With automation, digital networks, and other innovations transforming the fundamentals of work, it is of utmost necessity for businesses to take the help of the right technology. And this is precisely where applicant tracking software and AI come in.

Wait, does the word AI intimidate you? What if we told you that you are used to AI in your day-to-day routine as well? It isn’t something alien anymore! For instance, google maps, apart from navigation, this application also lets you know the amount of time you’ll take to reach your destination. 

How does it do that? Every time someone uses it, it gauges the amount of time the commute takes, and based upon that, it provides you the estimate. The main point to note is that it learns and keeps on getting better, where it suggests alternatives to make your commute smoother.

Simply put, AI learns the way humans do. As a result, it can provide accurate predictions by studying previous data patterns. So let’s see how Applicant tracking software is making its way in HR management today and unleash what the future beholds.

Let’s start by breaking down the hiring process.

Sourcing > Screening > Assessments > Background checks > Negotiating > On-boarding

Six steps! Including the collaboration of multiple stakeholders to onboard one candidate.

Overwhelming, isn’t it? This is where ATS software steps in. The importance of implementing ATS software is often overlooked, but it does a tremendous job by automating the monotonous tasks and freeing your human resource to focus on more important tasks. 

We have broken down every step in the hiring process to see how an applicant tracking software empowers it and what we can expect from it in the future.

Candidate Sourcing

The most crucial yet most tedious task for every HR management is candidate sourcing. See it for yourself. We have listed the sources that HR uses to get your company the right fit by top candidate tracking systems. The good part is that the ATS software system can help streamline the process.

  • Job boards
  • Paid placements
  • Social media
  • Referrals
  • Previous applicants

Imagine how time-consuming it would be to post and manage the candidate profile through multiple sources. So instead, the applicant tracking system directly posts on the job boards and social media and lets you manage paid placements from a single screen. As a result, you can bid farewell to the tedious task of managing multiple logins and payments.

In 2018, 67% of hiring managers and recruiters surveyed by LinkedIn said AI was saving them time. Furthermore, you can also keep track of your candidates through referrals and manage the previous applicants by simply uploading their PDF, and the applicant tracking system will fetch the data.

You can also know the source of every candidate with Applicant tracking software reporting. Analyze your sources and learn which platforms get you the highest number of candidates, which platform gets you the most converting ones, and more. You’ll know the sources you should focus more on, and where your target audience lies!

But do you know what lies before sourcing, writing the job advert, and the most innovative ATS software is on its way to help you with that too. The applicant tracking software can prompt you the words that get people clicking by collecting and analyzing previous data. It will help you that over time, which adverts have been bringing you the most and the best responses.

Candidate Screening

Gender discrimination, ageism, casteism, and the list goes on. While companies are constantly making efforts to be more inclusive and hire based on merit, the applicant tracking software is the right solution to implement fair processes. The ATS software empowers the HR management to create a clean and transparent process – Take the bias out. 

96% of job seekers say that it’s essential to work for a company that embraces transparency.

In addition, you can screen through 1000 resumes faster and focus more time on the ones that matter the most. You can set rejection criteria or basic selection criteria with applicant tracking software to get to the best candidates faster. For instance, if you are hiring for a senior management position, your basic requirement would be X years of experience. This software will help you eliminate applications with less experience.

Moving to the future, we can expect the HR software to guide the management better. For example, with data, the applicant tracking software system will give your insights on the kind of candidates that perform better at particular jobs.

For instance, every writer you hired had a technical background; Designers with IT work experience stayed longer than other designers. Such insights will help you understand better what your company demands and what has performed better over the years.

Interviews and Assessments

As we said, it is all about leaving the grunt work to the robots and cutting to the chase. The applicant tracking software can save you at least ten emails. You can send interview reminders to the panel member, get everyone on the same page, collect feedback and take a collective decision, all within a few clicks with the right solution. 

So, what does the future hold for interviews and assessments?

With a hybrid work model in place and companies hiring worldwide, the interview and assessment process has already taken off in leaps and bounds.

The London-based telecommunications company – Vodafone is already ahead of time by implementing AI-powered video interviews.

With the applicants recording their answer to the standard questions, AI analyzes the interviews and assess candidates tracking system across 15,000 different dimensions – ranging from body language and facial cues to voice intonation and speech cadence. Finally, HR further invites the best candidates for in-person interviews.

Here, the machine considers the previous factors that led to the most suitable employees and evaluates the applications accordingly.

Play better games, win better prizes.

Success today isn’t about working harder but about working on the right things. So, choose wisely what processes can be automated and what needs human attention.

The most prominent mistake organizations need to avoid is to treat their employees as a data point on an excel sheet. No, there is a lot more to them. And that is precisely why you need to free up your HR department – to take care of the human factor, which inevitably comes with uncertainty. 

In the end, it is about striking the perfect balance between technology and human resources! 

Implement the future of recruitment today! We are experts at helping companies find the right software. So let’s get in touch.

Urmi Shah
Urmi specializes in writing long-form actionable insights for the SaaS domain. She has been creating content that translates the brand stories and their expertise for 3+ years. Her content empowers businesses to build and engage with communities and develop better visibility. When not scribbling, she explores the new tools and technologies in the industry.

Recent Posts

No posts found.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Captcha loading...