Cost Efficiency of ATS in Recruitment

Key highlights

• 99% of Fortune 500 companies frequently use Applicant Tracking Systems (ATS) for recruiting.
• ATS simplify the hiring process by automating tasks and managing data for companies.
• Integrating IceHrm into your hiring process ensures a cost-effective approach to talent acquisition.

When recruiting new candidates, employers look for every opportunity to save costs. One of the most effective ways to do this is to use ATS recruiting software for effective recruiting. Recent research shows that 99% of Fortune 500 companies use ATS platforms.

Let's look at how an ATS helps you save costs and time when hiring employees for your business.

What is an ATS or Applicant Tracking System?

The ATS system is a software program that can help recruiters manage the employee hiring process. Employees' resumes and data are collected and sorted by the software to save time.

Screening potential applicants through ATS software is a simple process. You can track the progress and potential of your applicants. You can save both time and money for your company by digitizing the hiring process with ATS.

How does an ATS save money in the company?

An ATS system can save businesses money in the following ways:

1.It automates time-consuming tasks

Scheduling interviews and managing extensive paperwork are time-consuming tasks that can take up a lot of your time. 70% of respondents believe automation would increase productivity in the hiring process. So, using ATS hiring software can save you both time and money.

2.Prevents inefficient processes

Through ATS you can get in touch with qualified and efficient applicants. The software also improves your collaboration. It also reduces the time-consuming process associated with your recruiting cycle. By using ATS, you can increase your company's hiring numbers.

3.Improves resource utilization

The ATS system allows you to reach more applicants and screen them faster. This recruiting software allows you to schedule interviews without even making a phone call. So, by using ATS recruiting software, you can improve the utilization of your resources.

4.Eliminates the risk of unsuccessful hires

According to 78.3% of employers, using ATS has increased the quality of candidates they hire. By using the ATS system, you can eliminate the risk of unsuccessful hiring. The ideal candidate profile comparison feature in ATS software can help hiring managers identify potential candidates. Additionally, the risk of unsuccessful hires is reduced by making the right hiring decision.

5.Saves costs per setting

ATS software can integrate tools that save money and time. Some of the solutions that the ATS system offers are AI power sourcing, reference checking and background checks. Additionally, this system also promotes efficiency and time savings when integrated with various hiring platforms and a common database system.

Which recruitment sources help reduce recruitment costs?

Every recruiter is looking for ways to reduce recruiting costs. Here are a few ways you can do this.

Use of recruiting software

Recruitment software like IceHrm is a specialized resource that can help companies save both time and money. It can streamline the entire hiring process, e.g. Such as reviewing resumes of potential applicants, scheduling interviews according to requirements, and managing applicants.

All activities performed by ATS recruiting software involve minimal or no additional costs. Hiring software can reduce costs and give managers more control over the hiring process.

Recruiting via social media

HR managers can easily communicate with applicants via a social media platform. The transparency and authenticity that social media channels provide can increase the volume of applications received from individuals.

One of the biggest advantages of recruiting through social media is that it is usually free. All you need to do is invest time in sending messages, writing posts, and designing campaigns to attract potential followers.

Accept employee recommendations

Accepting referrals is another option to consider. By asking existing employees for recommendations and hiring in this way, a company can save costs. This method is preferred by large companies as these applicants can be more trustworthy.

ATS systems revolutionize recruitment by saving time and costs, improving hiring quality, and streamlining processes. Integrate IceHrm for optimal efficiency.