Artificial Intelligence (AI) and NLP (Natural Language Processing) have confidently entered our professional life, and HR teams can leverage these technologies too. Advanced recruitment software makes the hiring process flawless, streamlining workflows and organizing information. From this article, you’ll check the benefits of Applicant Tracking Systems (ATS) for your company and learn how much it costs to hire an ATS consultant.
What ATS Consulting Is
An Applicant Tracking System automates critical tasks of the recruiting and hiring processes. For example, it posts vacancies to relevant job platforms, collects received applications, manages communication with applicants and within HR teams, and filters CVs with various criteria. This software also identifies and doesn’t pass further irrelevant resumes, saving many hours for recruiters. ATS is a part of the HRIS (Human Resource Information System) which automates all HR processes.
ATS consulting helps organizations choose the tool that best fits their recruiting processes or allows them to customize only specific workflows. ATS consultants analyze your hiring procedures carefully and consider all the HR requirements to track applicants in your company effectively. But let’s see in more detail what benefits an ATS/HRIS system can bring your company.
How Can an ATS Solution Help Your Business?
Without an automated tool, your recruiters have to process applications manually and most probably add the necessary information to the Sheets. But when they receive resumes in various formats from LinkedIn, email, and job portals, such processing can take most of the time. But a recruitment platform changes the game because it can:
- Parce information in resumes. NLP and AI algorithms quickly scan the content of .doc, pdf, and other-format documents and split the data into essential categories. For example, your HR team can create a section with contact details, education, relevant experience, and competencies. This is the primary advantage of ATS systems.
- Store applications. When you add a resume to the system, it splits and stores the data. So, your recruiting specialists can always access this information for generating reports and getting valuable insights like the source of the most highly-qualified applicants. Moreover, you’ll accumulate a pool of potential candidates in case your company has similar vacancies in the future.
- Filter CVs. Navigating through the megabytes of information and hundreds of CVs isn’t possible without filtering it. Selecting the necessary parameters like a candidate’s location, years of experience, or required skills can decrease the searching time, help identify non-relevant job seekers, and detect the most fruitful source of applicants.
- Search resumes for keywords. Since filters offer high-level categorization of data, an advanced ATS system also allows keyword search. This functionality can help filter the entire stack of resumes by specific skills or, even more critical, by combining several parameters. For this, recruiters can use the Or, And, Not, and Near operators.
- Rank candidates. When the hiring team adds the job description to the ATS, its algorithms can compare each resume against it. And depending on how many matches they find, these AI helpers rank the candidates, giving the highest rate to qualified ones. This allows recruiters to look through the most relevant CVs and not spend time on people who do not match the position.
- Schedule interviews. The functionality of many Applicant Tracking Systems monitors the statuses of your job candidates and reminds them to take the next step. And one of the critical to-dos is arranging an interview with top-rated specialists. That’s because if you miss the right moment, your best-fitting applicant can be hired by another company.
- Send rejection emails. You probably have that painful feeling at least once –- when your Curriculum Vitae was ignored. It may seem that recruiters just neglected it, but they could have no time to respond or even miss your document in the considerable flow of resumes. But once the system or an HR manager labels the candidate as unqualified for the next stage, the ATS can automatically generate the rejection email so that you can send it.
Benefits of ATS Consulting
A professional ATS consultant can advise on the most relevant and ready-to-use recruiting instrument for your company. Or for example, this expert will help you customize the ATS solution and even create it from scratch. But before that, let’s check the critical advantages of adding recruiting software to your tech stack.
- Reduced time for searching for the candidate. With helpful filters and keyword search available, recruiters can embrace more CVs of top-rated candidates. They also can schedule interviews as soon as possible and monitor applicants’ responses once received.
- Decreased recruiting costs. With the pool of pre-qualified candidates, HR specialists can save on posting job announcements and paying recruiting fees to third-party providers. Moreover, once a vacancy is closed faster, employers won’t have to pay for additional hours worked by recruiters.
- Streamlined workflows and communication. ATS systems automate many processes and allow your HR team to collaborate when moving the applicants through the recruiting “funnel.” And this streamlines the whole sequence of tasks, from placing the role description to sending the job offer.
- Created talent pool. When you reject candidates at the final stages of recruiting, their resumes remain in your contact base. And you only need to communicate with them accordingly to leave their data for future use. This way, you create your relevant pool of talents. For example, several candidates will be at your fingertips next time you need to find React programmer.
And below are the benefits of customizing your ATS solution.
Which Companies will Benefit from the ATS Software Solution?
No matter which industry your company belongs to, it’ll only benefit from incorporating recruiting software. Whether you own a hotel, run a manufacturing business, or manage a software development firm, ATS systems will help you cut costs and save time for your recruiters. And once you have an HR agency or provide individual recruiting services, this system will allow you to organize the sourcing of specialists and grow revenues.
Salary of an ATS Consultant
Checking the salary levels of ATS consultants will help you understand how much you’ll have to invest in upgrading your recruiting infrastructure. In the US, you’ll have to pay a recruitment consultant around $4,667 per month, while in Switzerland, this number equals $5,950. However, you’ll pay $3,000 to a Ukrainian specialist with the same level of expertise, so consider outsourcing HR functions from this Western European country.
Final Words
Recruitment can be simple and exciting when you have routine processes automated. And Applicant Tracking Systems consultants can help you choose the recruiting software to streamline your hiring processes and create a pool of qualified applicants. This will let you find the best candidates faster and cheaper.
