Any business organization, be it a start-up or a well-established brand, requires a strong onboarding process. However, the manual process for employee recruitment and onboarding involves endless spreadsheets, on-call interactions, and physical documentation. Having said that, since the time the entire onboarding turned to the digital platform, the entire process became a lot more streamlined. Yet, follow-ups in regards to onboarding software were troublesome. Then came the era of applicant tracking software. This system streamlined the process of tracking down applications, their progress with the documentation, and also the process of training the new employees. So, for now, we will talk about the various ways an applicant tracking software has turned out to be a necessity for organizations. Let’s get going!
-
Saves Costs
It is a lesser-known fact that hiring employees costs much more than what a lot of businesses expect. The cost does not only include the overhead cost for entertaining every applicant and paying salaries to your HR recruiters, advertising for the open positions over several platforms can set a business back by quite a lot. Plus, a lot of organizations offer reference incentives for new hires, which is an extra expense they bear.
However, with the right applicant tracking software, businesses could save a lot of expenses from these overheads. For example, organizations no longer need to employ multiple HR recruiters to hire new employees. Plus, the cost of entertaining multiple candidates, who are not fit for the role, can also be cut down.
-
Saves Time
The onboarding process is quite long, especially if it relates to manual recruitment. For example, tracking down the employees, their application process, and also their induction progress. According to a statistic from Glassdoor, the average time required to hire a new deserving employee is 23.8 days. Plus, this depends on the type of job post too. For example, the hiring for the post of a scientist can take as much as 44.6 days.
With application tracker software, businesses can cut down a lot of time if you are wondering how to read on.
- Automates tasks to enhance efficiency.
- Streamlines the workflow to move the process faster.
- Finds the best candidate from a very large pool of talent depending on the job role. The process does not waste time on pursuing candidates who are not the perfect fit for the role.
- The data related to the onboarding process is stored in a central location. This allows easy access every time any of your employees, managers, or team leaders need data related to new recruits.
- Saving data and information of all the applicants can help in future hiring as well in the form of passive recruitment. For example, a particular application may not fit the job role at the moment. However, the organization may have a future open role for that position. An applicant tracking software considers these too.
-
Eases Application and Recruitment
Applying for any open position may be difficult for a lot of applicants. Finding out more about the company or the job description for the open role is not always easy to understand. This affects the application and hiring process too.
As a result, the onboarding process becomes longer than usual. However, with applicant tracking software, businesses can automate the entire application process, both for the organization as well as the candidates. Moreover, some application tracker tools can integrate the tracking system within social media to widen the scope of applicants and talent onboarding.
The Ending Note
Unlike workforce management software, an applicant tracking system is standalone and aids in onboarding. However, even while being just a very small part of the entire process, it adds great value to the onboarding process and helps businesses cut down the cost as well as time.
So, make sure you align your organization’s needs with technology and digitization. Get an applicant tracking software and make quicker and better hires today!
