As the workforce continues to shrink and we enter a new crisis, small and medium-sized businesses face more serious challenges. Only 64.9% lower They make up 10% of the working-age population as of 2021. This number is likely to decline further as more Americans leave working age.
As small businesses turn to technology to streamline operations, applicant tracking systems (ATS) are becoming an essential part of recruiting operations. From automation to organization, ATS HR tools can help businesses recruit more effectively, even if they have a small or nonexistent HR department.
No matter what industry you operate in, an ATS can improve recruiting productivity, from parsing resumes to collaborative recruiting.
Adding new software doesn’t require a big investment. Connect with Gem Learn about our ATS platforms and recruiting CRMs built with specific industries in mind.
Using ATS to help small businesses grow
Small businesses often have limited talent to hire. With staff being a critical component of their operations and even larger organisations only being able to afford to hire so many HR professionals, many organisations are stepping up their recruitment efforts and looking for ways to hire the right candidates.
In fact, CEOs 40% of working hours The level of lost productivity is detrimental to small businesses, especially those that are involved in recruiting talent with the skills they need to succeed.
ATS allows small and medium-sized businesses Make the most of limited time resources Streamline the recruiting and hiring process. For example, an ATS can evaluate candidate profiles and sort the most qualified candidates to the top.
Applicant tracking software also collects data to give you greater visibility into your hiring pipeline. By viewing a range of real-time reports, you can get data-driven insights into where to allocate your recruiting resources to attract top talent.
ATS in Financial Services: Security and Compliance
of Financial Services When the pandemic hit, the financial industry hadn’t fully recovered from its 2008 collapse. The situation looked even bleaker with the collapse of Silicon Valley Bank in 2023, forcing even tougher compliance measures.
To comply with government regulations, small and medium-sized businesses in the financial services industry often look for candidates with certifications such as FINRA, CFA, CPA, CFS, etc. An ATS helps evaluate candidates who meet these requirements and narrow down and shortlist them.
An ATS also helps with outreach, enabling small businesses to attract top talent from tech and fintech companies. Combined with a CRM, you can use an ATS to post job listings, post on social media platforms, and engage with potential candidates through various channels.
The best applicant tracking systems adhere to security and compliance regulations, giving financial services professionals peace of mind. Luckily, Gem gives you that confidence and gives you access to a matching CRM that helps you reach top job candidates wherever they are online.
Customizing an ATS for Life Sciences Recruiting
life science Specialist fields such as biology, medicine, pharmaceuticals, and biochemistry, as well as support teams such as sales and customer service, often require specialized knowledge and advanced degrees. These requirements put an extra hiring burden on small and medium-sized businesses operating in the life sciences industry.
Fortunately, your ATS can help mitigate these challenges and protect personal data through integrations with your HRIS, CRM, and even social media platforms like LinkedIn. These intertwined systems can be used to personalize messaging that attracts talent.
An ATS like Gem can also offer a customizable pipeline, allowing you to tailor the hiring process to your company’s unique recruiting needs and requirements. You can customize your ATS to help you find the right candidates with the skills you need, and then attract, filter, categorize, and hire them.
Improving the efficiency of talent acquisition in the manufacturing industry
small Manufacturing Your business may require skilled manpower who are familiar with various procedures and techniques to make unique parts. Skill-based recruiting is a major benefit of recruiting software that small businesses can leverage. ATS software’s customizable pipeline makes it easy to fill skill-based job openings with the right new hires.
Additionally, you can leverage your ATS to execute strategic outreach campaigns to change the perception of your industry. Control these campaigns with one click from a user-friendly interface and show candidates that manufacturing is undergoing a digital transformation. Plus, you can reduce your workload with automation, including:
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Collect candidate information from career sites
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Schedule interviews with potential candidates through the careers page
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Move candidates through the pipeline
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Pre-employment assessment assignments
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Conducting the initial video interview screening
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Requesting information from candidates to conduct background checks
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Bid from a template
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Reporting on diversity-based recruitment efforts
Using an ATS makes your HR department feel like they have an extra layer of support. The all-in-one platform gives you intuitive visibility into multiple job postings, outreach campaigns, and pipelines so you can fill all your open positions with talent.
Agile ATS for Staffing Agencies
It’s hard enough to handle recruitment at one company, Staffing agency You need to manage recruiting for multiple organizations simultaneously. A quality applicant tracking system is the key to success.
The flexibility and scalability of the best ATS platforms allow agents to easily manage multiple recruiting funnels and hiring pipelines from a single system. Similarly, staffing professionals can keep everyone on the same page through a unified inbox.
Moreover, AI-powered cloud-based ATS software can manage high volume recruitment by evaluating huge numbers of applications and resumes and shortlisting ideal job candidates for follow-up review. Once the recruitment agency has finalized the candidates, they can easily bring the hiring manager into the conversation to take the final hiring decision.
ATS platforms help manage a dynamic database with a diverse talent pool and allow investment stakeholders to interact with candidate profiles by seamlessly integrating into their existing technology stack and extending their capabilities.
The power of automation and CRM in ATS
As already mentioned, Candidate Relationship Management A CRM platform unifies the candidate experience by collecting, processing, and organizing every interaction between candidates and potential employees.
The modern workforce demands a more personalized approach to recruiting, and the ability to track interactions with top talent can be extremely helpful in recruiting team members. CRM allows recruiters to personalize interactions to highlight their employer brand and attract skilled talent to their team.
A CRM is essential for maintaining a warm pipeline of interview-ready candidates whenever a job opening arises. You can also review your silver medal candidates to reassess their fit when the same or similar role opens up in the future. A CRM also makes it easy to update job descriptions and job listings and view job board activity from a central hub.
Utilizing data analysis in recruitment activities for small and medium-sized enterprises
Modern ATS and CRM systems need data to power the algorithms that make them so great. Luckily, these systems are also good at collecting data, allowing a variety of models to provide insights for data-driven decision making.
Small and medium-sized enterprises By leveraging these models with historical data, you can understand what makes a job candidate successful in a particular role. These insights lead to better hiring decisions, increased employee satisfaction, and improved retention.
You can then leverage data from your ATS and CRM to gain insights from other areas of your recruiting efforts, such as onboarding stages, hiring effectiveness, employee referral rates, etc. But it’s best to partner with a provider that can help you make sense of all that data.
Gem Platform is the perfect solution for data analytics, allowing you to build customizable dashboards to get a clear picture of various metrics and understand your business in a unique way.
Gem’s solutions drive adoption among SMEs
Small businesses and start-ups are the backbone of our economy. 33 million It’s widespread in the U.S. alone. Unlike large corporations and enterprise-level organizations, small businesses don’t necessarily have the dedicated staff to recruit the best candidates.
To level the playing field, small businesses are turning to ATS software to automate time-consuming tasks, segment candidates based on specific criteria, and analyze data to help with decision-making. This functionality becomes even more powerful when combined with a CRM to personalize messaging and candidate tracking.
There’s no better ATS and CRM integration than Gem. The Gem platform has all the recruiting tools you need to run a successful recruiting campaign, regardless of company size or industry. Find out how Gem helps you shorten the time it takes to hire the best candidate.
