What are the benefits of applicant tracking software?

ATS is essential for automating the process of filtering candidate applications as per the job requirements. The software aids in the following tasks:

• Automating and streamlining the recruiting process: A prerequisite for an effective recruitment process is to get the right candidates from a vast pool. Modern applicant tracking tools improve recruiters’ experience by automating the cumbersome tasks of screening resumes, contacting candidates, and following up after selection. The software consolidates all the information in a database, making a recruiter’s job easier. 
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• Boosting HR efficiency: Recruitment is a long, multi-stage process that starts with creating a job posting to sourcing the right candidates and hiring them. With the ability to post jobs on multiple portals with a single click, recruiters and hiring agencies can easily expand their candidate search hire faster. Eighty-six percent of recruiting professionals say that using ATS helps them expedite the hiring process.
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• Lowering cost-per-hire: Though there are multiple sources to search candidates, you need the best talent in the shortest amount of time. For instance, an ATS can help you figure out whether to spend money on job boards or boost your referral process based on the success rates of both sources. This will drastically cut costs and recruiting time.
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• Improving the quality of hires: Applicant tracking software shortlists candidates based on the required skills. Recruiters can have a database of talented candidates that they can quickly hire for possible openings in the future. With the automation of admin tasks, recruiters can more effectively engage with candidates, which accelerates the hiring process and allows you to onboard candidates faster.