What’s something that 95% of Fortune 500 companies use, but only 26% of employers have discovered? Fortune 500 CEOs are taking advantage of the many applicant tracking system benefits for their company. These benefits apply to a small or medium-sized business, too! Here are just a few ways an applicant tracking system benefits companies.
It Saves Time
An applicant tracking system can automate many of the manual tasks that a recruiter or HR team member is currently performing. ApplicantStack allows candidates to search resumes for keywords, automatically screening out unqualified candidates. Recruiters can create, manage, and schedule email form letters to remain in contact with applicants. Action items can be assigned to specific team members, so you can find and fix holdups.
It Saves Money
When you’re saving time, you’re saving money. A small company can save up to $10,000 using an applicant tracking system. In the United States, the average cost to hire a single employee ranges from $3,000 to $4,000. An ATS can save you serious money by streamlining your hiring process.
Applicants Love It
Applying for a job is dreary enough, and it doesn’t take much for an applicant to abandon a frustrating form. You need a mobile-friendly interface, quick communication, and smooth scheduling. Among the many applicant tracking system benefits is the ability to create a positive experience for your candidates.
Companies Love It
The reason so many Fortune 500 companies use an ATS is because it works so well! In addition to making your hiring process more efficient, an applicant tracking system offers the benefit of data collection and analysis. HR departments can figure out which candidate sources are working well. Cost-per-hire is easily calculated, and bottlenecks can be identified and fixed
Want to learn more about the many applicant tracking system benefits you could be taking advantage of? Check out our infographic below!
Indeed Assessments Integration Helps Employers Connect with the Best Candidates Faster
A data-driven hiring approach will help your organization win the battle for top talent against your competitors. That’s why ApplicantStack is partnering with Indeed Assessments, a candidate screening platform in which candidates have taken over 2.4 million candidate assessments.*
So what does the integration mean for you?
Trying to get to the best applicants as quickly as possible can be tough—but not with Indeed Assessments. From the Indeed Assessments platform, you have the opportunity to create an assessment package tailored to the exact job for which you are hiring. When you navigate back to ApplicantStack, you’ll be able to select that assessment package and either send to individual candidates or push out the assessment automatically when a candidate hits a predefined stage in your pipeline. As the candidates take the assessments, you will see their scores populate in ApplicantStack and can return to Indeed Assessments at indeed.com/assessments for additional details, if needed. In these simple steps, you’ll be able to view the most qualified people for your jobs so you have more successful interview processes.
Talk to the best candidates faster
There’s almost nothing more disappointing in the recruiting process than reaching out to a seemingly perfect candidate and finding out you missed your window—they’re far along with another company. Indeed Assessments lets you see your candidates in action quickly so you can figure out who makes a great match for the role right away and move them along in the process.
Objective screening, data-driven evaluation
Even with the proper precautions, hiring bias can still occur. Luckily, it’s nearly effortless with the ApplicantStack and Indeed Assessments partnership. Utilizing these two platforms, you can bring a data-driven approach to your screening process. These tools will help remove bias and ensure your candidate evaluations are consistent across the board.
Custom and prebuilt screening tools
Sometimes you know exactly what you need in your candidate screening evaluation, and other times you could use a bit of guidance on the requirements. That’s why ApplicantStack’s partnership with Indeed Assessments unlocks access to a library of over 50 expertly designed, prebuilt assessments, or you can customize your own to bring the right talent forward.
ApplicantStack’s integration with Indeed Assessments makes it possible for you to move your candidates along the hiring process with confidence. Whether you’re hiring for hourly or salaried positions, you’ll be able to identify and connect with the best talent faster thanks to this partnership.
A Statement from Indeed
“Indeed is very careful with making acquisitions, and was an early investor in Interviewed.com, as well as implemented its product on our site well before we made the acquisition. We acquired Interviewed.com and started Indeed Assessments because we believe it’s a game changer for candidates and employers. Whether or not we charge in 2019, we want as many employers and candidates using it as possible, and it will be priced to make that happen. Anyone who signs up in 2018 will have Assessments free in 2019.”
*Source: Data refers to Interviewed platform, which was acquired by Indeed, Inc. and is now referred to as Indeed Assessments.