What is Applicant Tracking: 3 Reasons Why Employers Are Taking Advantage of It Today
Keeping track of job applicants used to mean filling massive filing cabinets with loads of resumes. This system of organization made it difficult to keep track of which candidates were ideal for a position – and which ones were not. Was she the one with the MBA? Didn’t he say he got fired for misusing company funds? Locating applicant information quickly can determine how successful an organization is when weeding out bad applications from good ones. That is why businesses more than ever are shifting from filing paper, to using electronic Applicant Tracking Systems to handle the recruitment process with ease.
What is Applicant Tracking?
Electronic applicant tracking allows a hiring manager to perform online applicant searches and track applicant candidates throughout the hiring process. In addition, candidates have the ability to create a profile and directly apply for a specific position online.
Why Are Employers Using Applicant Tracking?
1. Finding Key Words/ Phrases in a Matter of Seconds
Before, employers rejected applications based on easy to spot spelling errors or general lack of skillset for a specific position. But now, a hiring manager can perform preliminary screening functions based on keywords and particular phrases to discover candidates that are most qualified for the job at hand. That way, only applicants that have relevant experience and desirable skillsets will make it through to a more thorough examination of his or her resume.
2. It’s More Streamlined and Cost Efficient
Large corporations were the first to utilize applicant tracking due to the volume of job applications these companies received. With applicant tracking, large companies could screen thousands of applicants at one time, saving them a substantial amount of time and money from manual processes. Now, mid-sized businesses are investing in the tool to seek out the best candidates for a job in a streamlined, cost-efficient way.
3. Unsurpassed Organization
In manual processes, applications over time could be easily lost, thrown away or even shredded. Applicant Tracking Systems store applications into a single data base, so if a hiring manager wanted to look up a certain individual, all their information would be readily available. Also if a company was looking to hire for another position, they can simply go back into the system and look at old candidates to see if their skills align with the new job.
Ultimately Applicant Tracking Systems lets employers see a high ROI by simplifying the hiring process; allowing companies to save money and time that could have been lost due to human made errors in manual processes. The time is quickly approaching to invest in an HR system that offers electronic applicant tracking. Move away from that overcrowded filing system today!