Developing and implementing applicant tracking systems is a tried-and-tested way to improve and accelerate hiring processes and facilitate seamless e-onboardings. In today’s job market, acquiring the best talent requires you to stay on the ball with the latest market trends and leverage tech-driven recruitment methodologies. That said, a successful recruitment strategy must focus on delivering streamlined hiring and onboarding experiences, enabling recruiters to discover and engage with the best candidates in due time.
In this blog post, we shall talk about the key features of an enterprise-grade applicant tracking system and the benefits it delivers to cross-industry enterprises.
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What Is an Applicant Tracking System?
An applicant tracking system (ATS) is a software application for employers to track and organize candidates as well as job applications throughout the recruitment process. These systems enable employers to filter job applications, gather relevant information from applicants, and schedule job interviews accordingly. Furthermore, they facilitate seamless e-onboardings, documentation, induction, and help conduct employee training programs to get them off the ground quickly. It acts as a standalone solution that efficiently integrates with a wide range of HR and accounting modules as well as other proprietary and third-party systems. As such, it significantly improves the quality of processes associated with recruitment, hiring, and onboarding/offboarding processes.
Key Features of ATS Software Solutions
Now that we are familiar with the concept of an applicant tracking system, let us explore its core features that enterprises must consider while developing one from scratch.
Applicant Tracking
Applicant tracking is the core feature of an ATS software that facilitates effective candidate sourcing and frictionless recruitment workflow management. It enables enterprises to connect with a wider gamut of job seekers and filter out the best candidates for a given job profile.
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Artificial Intelligence and Machine Learning
The modern-day ATS systems are equipped with AI and machine learning features that help create an ideal candidate profile. Furthermore, it automatically assesses the skills and qualifications of various job applicants to predict possible outcomes with sheer accuracy. It also helps understand potential behavior of each candidate to attract and connect with the most eligible candidates across different channels.
Recruitment Process Management
ATS software systems are focused on streamlining recruitment processes by automating complex repetitive tasks associated with job postings, interview scheduling, and onboarding. In doing so, it shortens the hiring and recruitment timeline by accelerating and improving the quality of processes including recruitment planning, strategy development, assessment, screening, and monitoring.
Employee Onboarding
Applicant tracking systems must render complete support for employee onboarding, thereby making it a faster and more efficient process. It aids in delivering seamless employee onboarding experiences to new recruits with minimal complexities and reduced paperwork. Besides, the software ensures that new joiners have all relevant information at their disposal to deliver a swift and hasslefree e-onboarding experience.
Employee Offboarding
In addition to employee onboardings, ATS systems must also have ample features to facilitate frictionless offboarding of employees leaving the organization. It helps keep employees at managerial positions apprised of the latest updates associated with new onboardings and offboardings. At the same time, it would automatically update company databases after successfully offboarding employees at the end of their notice period.
Document Management
Document management is yet another crucial feature for ATS systems that takes care of complex documentation and record-keeping tasks. It helps create a tamper-proof record of employee data including their academic records, experience letters, offer letters, increment letters, and more. Besides, it speeds up the hiring process by virtue of e-signatures that are faster, user-friendly, and cause minimal paperwork.
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Conclusion
An applicant tracking system (ATS) would go a long way towards improving your recruitment, hiring, and onboarding procedures. At the same time, it ensures a higher employee retention rate, enabling organizations to boost their productivity levels and focus on achieving their goals. Furthermore, it is advisable to develop a custom applicant tracking system (ATS) rather than opting for off-the-shelf software application. That way, you gain complete control over the software and its features along with a great deal of flexibility and interoperability.
Why Choose Oodles ERP For Custom ATS Software Development?
We are a 360-degree ERP development company that specializes in building custom enterprise applications to boost business productivity. Our development team is skilled at developing feature-rich software modules for HR, accounting, payroll, and workforce management to efficiently manage diverse business functions. We build custom workforce management solutions and HRMS systems with features like attendance tracking, applicant tracking, recruitment management, onboarding/offboarding, and more. To learn more, reach out to us at [email protected].
