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 singly 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!