Ad ID: 884
Added: September 6, 2021
People are the greatest asset of any organization.
The quality of business strategies is directly related to an organization’s human capital efficiency. If you are to attract the top talent in the industry, you need to set up a robust recruitment process.
The ultimate goal is to enhance the hiring experience for the candidate. Organizations investing in a strong candidate experience boost the quality of new hires by 70%.
One sure shot way to do that is by adopting the right recruitment tools, including an applicant tracking system (ATS), to ease the hiring process.
This blog will discuss the benefits of using an applicant tracking system for recruiters and tell you about the best ATS tools available today.
What Is an Applicant Tracking System?
ATS or applicant tracking system refers to a type of software that assists recruiters in selecting the best-suited resumes from thousands of applications.
It collects the resumes of the candidates and filters them based on certain keywords. You can find all the relevant databases – storing resumes and applicants’ information – saved for future references.
An ATS solution is not limited to filtering resumes. It also helps with job postings on various sites, applicant grouping and sorting, and interview scheduling.
The Many Benefits of Applicant Tracking Systems
A study by KPMG suggested that two out of three HR managers agree that the human resource industry is experiencing a digital transformation.
There’s a need for organizations to upgrade their recruitment process and provide an enhanced hiring experience. Adopting an ATS solution at your organization can transform the talent acquisition process and positively impact your bottom line.
Let’s look at what all an ATS tool can do for you:
Creates a Pool of Qualified Applicants
The use of an applicant tracking system enables candidates to apply directly to your company using any platform. As a recruiter, you can manage as many platforms as you need and develop your database of qualified candidates.
You can access the same database and quickly scan their talents for further openings.
Improves Company Image
These days, people trust a company that uses modern technology that informs them about every stage of their selection procedure.
Implementing ATS software streamlines the entire process and makes it easy to keep every qualified candidate in the loop about their status.
For instance, you can integrate the ATS solution with your marketing automation software and send out automated emails to applicants who didn’t make it.
It’s safe to say that an ATS platform helps in selecting the right person for every role. In essence, with an ATS in place, an organization can create a smooth experience for every candidate – enhancing its company image.
Helps Save Money
In the US, an enterprise tends to save more than $9,000 annually in its recruitment process when ATS is used. This makes it an excellent time- and- cost-saving tool to invest in.
If you compare its price to the cost of running job ads and recruitment agency fees, you will see that the ROI for ATS software is far better.
Integrates All Recruitment Channels
Another important mention is that it can integrate with various recruitment channels, including social media platforms. With the increasing number of millennials joining the workforce, social media has become a great place to look for candidates.
Companies today are posting their openings on their social media accounts to attract candidates.
An ATS solution can increase social reach by connecting your social media accounts, such as Facebook, Twitter, Instagram, and LinkedIn – to your career site.
Streamlines the Hiring Process
Lastly, an applicant tracking system acts as a one-stop platform for all your hiring needs. From posting jobs to collecting resumes and filtering them, it ensures that all your processes are streamlined.
This results in increased productivity by sorting all recruitment-related data into a single platform.
5 Great Applicant Tracking Systems to Win at Talent Acquisition
Now that you know all about ATS, let’s check out five great applicant tracking systems in the market. Choosing the right ATS solution is critical to realizing its full potential.
Remember: before you shortlist any, write down the functions that you are looking to automate using ATS.
#1. Oracle Taleo
Taleo by Oracle offers a robust applicant tracking system with end-to-end offerings — right from hiring to onboarding and engaging candidates.
It stays up-to-date with all legal and company practices and ensures compliance across more than 200 countries. Thus, it saves businesses from hefty fines and enables them to meet global requirements with ease.
What’s more, it enables recruiting and hiring managers to use rule-driven workflows and simplify the management of labor and contract agreements.
Top enterprises like Ibvi, EmblemHealth, Fuji Xerox, and more, use Oracle Taleo for their hiring needs.
- Offers mobile-responsive tools to hire on the go
- Allows you to adjust payroll with workflows
- Provides a robust reporting suite to better design hiring strategy
Oracle Taleo doesn’t have its pricing plan displayed on its website.
It offers custom pricing plans based on your requirements.
You can contact them directly to get a quotation.
Taleo by Oracle allows you to leverage built-in LinkedIn integrations such as talent profile import and recruiter system connect — to help you find better matches and encourage referrals.
Greenhouse is a modern applicant tracking system for recruiters looking to enhance their candidates’ hiring experience.
It focuses on user experience and simplifying complex workflows for HR professionals. Using the system, you can build the exact hiring tech stack your organization needs. It offers 300+ integrations and an open Harvest API.
Furthermore, recruiters can check the performance of applicants and provide insights to refine the hiring strategy.
- Optimizes job listings across 1,000+ large and niche job boards
- Access the hiring system on the go
- Maintain scorecards and conduct candidates’ interviews to fasten the hiring process
Greenhouse has three pricing plans designed for all sizes of companies.
The Essential plan offers an ATS platform, structured hiring, team collaboration, and more — perfect for small-medium businesses.
It provides advanced anonymization and privacy.
The Advanced plan offers scalable workflow, custom reports, single sign-on, and more.
Lastly, the Expert plan enables expert data configuration, CRM with unlimited events, BI connector, and more.
However, to get the exact pricing details, you need to contact the vendor directly.
Greenhouse provides an in-built Events app to quickly manage candidate information during job fairs and recruiting events so that you can focus on nurturing relationships.
Workable has created a name for itself by being more than just an applicant tracking system. It integrates all core functionalities of talent management and allows recruiters to enhance their hiring process.
What makes it quite popular is its ability to fill your pipeline quickly with a one-click job posting to 200+ sites.
Furthermore, its AI-powered sourcing, evaluating applicants, and ease of gathering feedback – make it more likable.
More than 20,000 organizations of all sizes have used Workable to streamline their recruitment procedures.
- Connects with LinkedIn, Google, and 70+ other apps and tools
- Offers ISO-certified security to keep your data safe
- Provides thousands of hiring templates and tutorials
This award-winning ATS solution has four plans with tools to serve at every stage of your hiring process.
Paygo, available at $99, is suitable for companies with occasional hiring needs. It includes 200+ job boards posting, AI-powered sourcing capabilities, and much more.
For its other three plans, Core, Growth, and Premier, Workable offers custom pricing based on your requirements.
Workable offers the best-in-class customer service — known for providing support in about 25 seconds via phone or chat.
BambooHR tops the list of applicant tracking systems for small businesses.
It brings a modern approach to hiring, helping recruiters right from sourcing and attracting candidates to sending offer letters. The best thing about BambooHR ATS is that it enables collaboration on hiring.
HRs can easily add custom permissions on the platform to gather input from stakeholders and other members. Besides, it keeps sending out automatic alerts to everyone involved to keep moving smoothly without any drop in communication.
- Includes reports and analytics to identify bottlenecks, measure time-to-hire, etc.
- Lets you share openings on job boards like Indeed and Glassdoor, and social media sites
- Has a dedicated mobile app for hiring applicants
BambooHR doesn’t have its pricing plan on its website. It offers custom pricing plans based on your requirements.
You can contact them directly to get a quotation.
BambooHR offers a customizable offer letter whereby the candidate information gets auto-populated based on different positions, job types, and other requirements.
Bullhorn is a cloud-based applicant tracking software quite popular among recruiters and hiring managers. It has powered more than 10,000 companies with its state-of-the-art recruitment technology.
This recruitment software easily integrates with CRM and email accounts such as Gmail and Outlook, allowing you to view your inbox directly within Bullhorn.
And its resume parsing functionality — the ability to extract information from any platform and pre-populate fields in Bullhorn records — increases efficiency.
You can also easily customize and configure list views and save your favorite searches.
- Offers Sourcing Accelerator’s Google Chrome extension to update candidates without leaving the job board
- Provides tools to track candidates through the entire interview lifecycle
- Helps with candidate onboarding and customized workflow
Just like BambooHR, Bullhorn doesn’t have its pricing plan details shared on the website. It offers custom pricing plans based on your requirements.
You can contact them directly to get a quotation.
Bullhorn allows you to create configurable reports tailored to your specific goals and KPIs.
Special Mention: Jobvite ATS
Having bagged awards like TrustRadius Top Rated Applicant Tracking System 2021 and A Leader in IDC MarketScape: Worldwide Modern Talent Acquisition Systems, Jobvite deserves a special mention.
Jobvite provides end-to-end hiring solutions that include recruitment marketing, applicant tracking system, intelligent messaging, onboarding, and more.
Companies like Hulu, Logitech, Zappos, and Shutterfly, use Jobvite to streamline and sort their recruitment processes.
Jobvite ATS is a powerful yet simple recruitment platform that uses intelligence and automation to help hire faster and smarter. It offers inclusive features like quick configuration of flexible job fields and application forms in the hiring system.
It provides a 360-degree view of candidates with a centralized profile. You can access the full history of candidate applications and interactions.
Recruiters and hiring managers can effortlessly create conflict-free scheduling of all candidate interviews with the Smart Self-Scheduler.
What’s more, you can generate more than 50 standard reports, including bottleneck, time-to-fill, and source performance.
You can also hire on the go with Jobvite ATS mobile app.
Jobvite ATS has different pricing plans for all sizes of businesses. It offers custom pricing based on your unique business requirements.
You can directly speak to their team to get a product tour and decide if it’s the right fit for your hiring needs.
A good applicant tracking system makes it easy for your company to see who’s best qualified for the job, compare applicant qualifications against your company’s needs and salary ranges, and get quick online feedback for applicants from managers.
Furthermore, ATS tools can maintain a database of applicants with their contact information, cover letters, resumes, and other pertinent data, so HR staff can quickly find these applicants when new positions become available.
Not only that, but ATS tools can help “weed out” unqualified candidates and allow you to get applicants through the interview process faster. The best part is that ATS tools can easily integrate with other business tools, making ATS data available to everyone in your company who needs it.
Overall, ATS tools help companies save money by making it easier to find good employees, faster.
In this blog post, we shared key details about five great ATS tools: Oracle Taleo, Greenhouse, Workable, BambooHR, and Bullhorn. Since Jobvite is emerging as a new favorite, we made a special mention of it as well.
Try to use some of these tools for free over a couple of weeks and see which one you like best.