Traditional paper applications, filing cabinets, and time-consuming manual processes are becoming a thing of the past. New technologies are giving hiring managers, business owners, and other stakeholders more control over how they hire, ultimately helping them find the best candidates more efficiently than ever before.
The rise of the internet and digital solutions has also led to the invention and improvement of Applicant Tracking Systems (ATS), software tools that manage the hiring process and help HR team members collect, categorize, filter, and evaluate candidate profiles and resumes.
The benefit of an applicant tracking system is that it can ease the burden on your recruiting team by providing tools like automated interview scheduling, application tagging, and sorting capabilities. These tools reduce stress while helping you find qualified talent across industries and Fortune 500 companies.
ATS is essential Technology used We explore how a modern ATS can benefit all types of businesses for the modern workforce.
Improving the efficiency of in-company recruitment with ATS
Enterprise Large organizations have many departments, many staff, large budgets and many roles to fill. These organizations often have strong HR teams that leverage technology to align team goals across the business.
Applicant tracking systems are essential for HR departments, who need tools to target individuals for a wide range of roles and required skills. An ATS can assist these professionals in several steps, including:
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Conducting a skills assessment
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Track your job search through a longer, more formal interview process
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Organize recruiting by tagging candidates with the right parties
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Analyze your pipeline, staffing trends, and retention efforts
Enterprise organizations have a longer recruiting cycle with more steps like initial screening, panel interviews, one-on-one interactions, etc. An ATS platform helps in centralizing, automating, and organizing applicants.
Similarly, companies are actively engaged in DEI initiatives and often base their brand perception on them. DEI-Focused ATSlike Gem, helps organizations continue their DEI efforts.
Benefits of an ATS in Financial Services Recruiting
of Financial Services Despite the perception of the financial industry as being riddled with red tape, government regulations and traditional business practices, many financial services companies are looking to leverage new technologies and tools to rebrand their industry and attract top talent.
Financial services companies also need to manage their reputations, a by-product of multiple banking failures over the past 20+ years, and an ATS is the perfect tool to recruit the right talent to change the perception of the financial sector.
An ATS helps hiring teams manage procedures and legal regulations in the financial services industry, providing tools to help filter based on credentials when sifting through large volumes of applications for large customer service teams.
Financial services companies are competing with technology and fintech companies and must adapt to changing expectations, including remote work. A robust ATS platform like Gem gives them the tools they need to find qualified individuals while keeping their personal information secure and compliant.
The Impact of ATS on Life Sciences Talent Acquisition
The demand for life science professionals has reached new heights in recent years, with the industry Increases by up to 20% Over the next two years, the life sciences industry will include sectors such as pharmaceuticals, biology, biotechnology, and biochemistry.
Recruiters looking to hire Life Sciences The profession faces enormous challenges, especially when it comes to DEI, as many scientists perceive a huge disparity in employees from under-represented groups.
Recruiters also need to fill highly specialized roles that require highly educated talent with a wide range of skills. Fortunately, ATS solutions can help you source talent against stiff competition and location-based obstacles. A feature-rich ATS like Gem has the tools you need to handle complex sourcing requests.
ATS strengthens manufacturing recruitment
Companies had previously relocated countless manufacturing jobs overseas, but supply chain concerns, material quality and the global pandemic have led to Bringing manufacturing jobs back to the US While this is a great boost for the economy, it is proving to be a challenge in some key ways.
for example, Manufacturing The industry is very homogenous, with little diversity in terms of gender or ethnicity. Moreover, while the demand for higher salaries continues to grow, the skills gap continues to widen, putting increased pressure on companies to find suitable candidates.
An ATS is an invaluable tool for manufacturing recruiters looking to change the perception of manufacturing and recruit more talented employees. ATS solutions have the tools to help fill professional and technical jobs while also recruiting for high volume jobs.
Recruiters can utilize an ATS to conduct assessments, skill-based job matching and outreach to find untapped potential candidates. Additionally, an ATS can be used to streamline the onboarding process and automate various parts like collecting work authorization, employee details, providing documents, etc.
ATS: The recruiting engine for staffing agencies
Many companies have just one hiring manager or HR professional who is responsible for the recruitment and hiring process. Staffing agency It is essential for small businesses and organisations that are short on HR staff and need recruitment assistance.
An ATS further empowers staffing agencies by automating repetitive tasks like scheduling interviews, sending follow-up communications, initial screening, etc. Staffing agencies can also engage with top talent through social media job postings on sites like LinkedIn and Indeed.
These sites can save you a lot of time it would take to find potential candidates who aren’t actively participating in job ads and job boards. Staffing agencies can use an ATS to target ads that highlight the employer brand and expand their talent pool.
Gem’s ATS helps staffing agencies become more efficient through CRM integration and seamless communication with hiring managers and stakeholders. Request a demo Find out how Gem’s ATS can benefit your staffing agency today.
Data Insights: The Strategic Advantage of ATS
There’s a saying that data is more valuable than money, especially in today’s digitally driven world. Artificial intelligence (AI) and machine learning rely on vast amounts of candidate data to create the latest technological advancements used in ATS software.
By collecting and utilizing that data, we can identify job seekers, evaluate the best candidates, Data-driven insights.
Here is a quick look at some of the data you can gather and use from an applicant tracking system.
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New employee performance data – How do new hires perform relative to benchmarks? Is the quality of hires exceeding past results?
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Recruitment funnel performance – How is your top-of-funnel performance? Are you hitting your recruiting goals?
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DEI Metrics – What is the pass-through rate for underrepresented individuals? What percentage of qualified candidates came from diversity sourcing channels?
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Return on Investment (ROI) – Do you know the ROI of the recruiting technology you’re using? What’s the average ROI per new hire? What’s the cost per hire after each milestone?
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Retention rate – How do your 30-, 60-, and 90-day net retention rates compare to industry averages? Are you using referrals to acquire new hires from satisfied employees?
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Capacity Planning – How does seasonality affect hiring? Do you need to adjust staffing levels?
The data you collect can tell you a lot about the health of your organization. With Gem’s ATS, Access to visualized data Gain actionable insights from your data in real time through customizable dashboards, with the precision you need to make informed decisions.
Boost recruitment with Gem ATS
Recruiting has become increasingly difficult as the factors that define a successful new hire increase. The challenge is compounded when looking at individual industries, such as life sciences’ reliance on a highly educated talent pool or the widening skills gap in manufacturing.
Fortunately, modern ATS software allows companies to manage the entire recruiting process like never before. Using tagging and outreach features, recruiters and hiring managers can automate previously manual tasks, filter through large volumes of job listings, and narrow down the right candidates for each position.
The best ATS platforms will integrate with your existing CRM software to unify your business workflow. Gem Recruiting Software The suite includes a powerful ATS with CRM integration to help you make the right hiring decisions while saving time and building a positive candidate experience.
