Technology has revolutionized many key aspects of today’s businesses. Technological advances are constantly being devised and implemented, creating new methods to streamline your business and increase margins. A perfect example of one of these technological business advancements is the creation of applicant tracking systems (ATS).
It is important to understand the benefits of this software but to also be ready to implement it into your business.
Recruiting is one of the most important components of any business. Human capital is a very important asset for any company. Successful recruiting ensures that your business finds the best possible applicants and reduce employee turnover. The cost of a bad hire is more detrimental than one might think. High rates of employee turnover and engagement collectively costs United States businesses billions of dollars every year. Applicant tracking systems looks to eradicate this problem by easing the workload of recruiters and improving the overall quality of hire.
An ATS automates this entire recruitment process and incorporates things like interview scheduling, resume screening, online job posting, onboarding, and alleviating compliance concerns. All of these processes are usually time-consuming and manually done by a recruiting department when those hours could be more effectively spent on other things. This will reduce administrative and personnel costs significantly, freeing up lots of capital for the business.
Countless businesses around the nation have taken notice of this significant waste of resources. Using an applicant tracking system will allow you to separate weak and quality hires to ensure that your business is recruiting the best possible employees. The cost per hire for each and every employee can add up quickly, especially if it turns out to be a bad hire. Why risk it? It’s time for your business to ease recruiter workload and compliance costs, reduce administrative and personnel costs, and improve overall quality of hire.