As a startup, you have to approach the hiring phase extra carefully as you cannot afford to waste money or time by hiring the wrong candidates. It won’t just waste time but it could affect the performance and progress of your start-up, which would be highly detrimental to the business, especially in the early stages.
This means that you would have to ask yourself some important questions. Do you want to hire someone with a particular set of skills from a large pool of aspiring candidates? Are there too many resumes to sieve through to find exactly what you are looking for in a new hire? Do you think you spend way too much time just reading through the resumes? If you have answered yes to all these questions, chances are that you need an applicant tracking system, also known as an ATS. Let us see how an ATS can benefit your startup, or any business for that matter:
1. It is smart
Over the recent years, applicant tracking systems have evolved and have become smarter. They are now capable of proactively seeking candidates for your vacant positions. This ensures that you always find talented and skilled people for your business. The latest ATS models include great features such as:
- Automated vacancy posting on online job boards and social networks
- Automated tracking and communication
- Screening and ranking of applicants
- EEOC compliance
- Centralized dashboard of positions and applicants
- Integrated background checks and personality assessment
2. It makes hiring easier with screening tools
Remember those days when you had to sift through hundreds of resumes to find the right candidate to fill just one position? Thanks to ATS services, you can bid those days goodbye as they can carry out sifting and sorting work efficiently. Once you set up the application for the potential candidates to fill out, the software will scan and separate them using a grading system to identify the top candidates.
3. It saves time and money
An ATS can be an indispensable HR tool as it helps in saving a lot of time and money. Since it is capable of efficiently sorting out resumes and ranking the potential hires, you can spend less time on tedious hiring tasks and focus on carrying out important activities necessary to run your business.
When you hire a wrong candidate, you waste a lot of money. Hiring and training costs differ from one company to the other, but as a startup you cannot afford to waste any money on a wrong hire. The costs would be higher for entry-level employees as compared to experienced candidates. When you have a tool like an ATS to help you minimize such losses by hiring the right candidate, you must make use of it.
4. It builds a resource database over time
An ATS helps in building a resource database which comes in handy when you need to fill in a current or new position. You can easily access quality resumes present in the database collected through the system. As a startup, hiring would be an ongoing process and a resource database would help in finding talent quickly.
5. It is social media savvy
A lot of people successfully find job opportunities through social media these days, but it would be time consuming for you to post every opportunity online and follow them up. This is where applicant tracking systems can benefit you as they can automate social sharing, monitor social media activity and manage email templates.
As a hiring manager, you can successfully and quickly identify passive, potential candidates who could be a perfect match for a vacancy in your startup. Moreover, you can accomplish all this in real-time which allows you to get an instant access to a comprehensive view of your talent pipeline.
An applicant tracking system will definitely benefit your startup in more ways than one. Moreover, it ensures you hire for keeps. So, what are you waiting for? Invest in a good applicant tracking system if you haven’t already.
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