Most of the large and small corporations utilize Applicant Tracking Systems to collect and store databases for job recruitment. ATS or applicant tracking system; also known as talent management system is a software application that allows us to implement the electronic handling of data storage related to hiring needs. Although ATS has similarity to CRM i.e. Customer Relationship Management systems, but are purely designed for tracking purposes of recruitment. Recent modifications and enhancement in the system has led to usage of artificial intelligence (AI) tools and semantic search capabilities via cloud based platforms that grant the corporations to sort resumes and store data with better alignment.
To streamline the recruitment process, ATS saves both time and money while gaining information of job applicants till the end pace of hiring process. When a candidate applies for a job, it’s first being processed at ATS and it will be seen by the recruiter depending upon the well optimisation of resume according to the ATS algorithms. ATS has lowered down the burden of human resource professionals for organising and searching the applicant’s database as it is easily accessible now and is digitally organized. Many employers use systems wherein applicant can put up their vital information, background, skillsets, qualification and work histories like LinkedIn or Indeed. This tracking process becomes beneficial for the employer to deliver best and cost-effective results to the organisation while they are able to bypass the tedious process for eliminating and hiring applicants on board.
On the corporate or enterprise level, the functionality of ATS is not limited to data mining whereas the software includes the ability to automate the whole process through a defined workflow for any organisation. Some systems have the expansion of offerings of off-site encrypted resumes which are legally required by employment laws mandate. Such systems being provided via an application service provider or software as a service (SAAS) model, the personal data is held secure within the control by data protection legislation.
However, various applicant tracking system has drawbacks too that recruiters should be savvy of. Being it a digital model there can be times of technical issues as well which can cause misinterpretation of the candidates profile without scanning it properly. While outdated systems are still in use at small and large companies, the modification of ATS has been developed for the modern age.
Due to the driving factor of population growth and unemployment, tracking systems are evolving with time for the competitive surroundings among all the industry types. High demands and the adoption of advanced recruitment and staffing are driving the Applicant Tracking System market growth as per the market report available with Value Market Research.
With the rise in the younger population to shine and the demand for the fruitful candidates wanted by the organisation for their betterment, they are acquiring newer tracking systems which have sustainability along with the higher costs. There are few top applicants tracking system which are being used globally – CEIPAL Talenthire, Atomic Hire, Vultus recruit , Zoho Recruit, Eddy HR ; and more than 400 systems like such.
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.