- Posted by Vidcruiter
- On December 11, 2012
- 0 Comments
- applicant hiring system, applicant recruiting system, applicant tracking system, video interviewing
How can a tracking system improve the bottom line of the organization?
Applicant tracking system has come a long way into corporate and organizational use. There is however no big surprise to that. Making recruitment a seamless process can affect organizations more than people think. The thing is applicant tracking systems can simplify the hiring process at the same time improves its efficiency and effectiveness. This will mean better pooling, better performing people inside the organization, and yes, profitability. A sound human capitalization makes a strategic organization. It enables it to push forward with its growth projections.
Applicant tracking software and better sourcing
Applicant tracking system can easily scan and analyze existing database to fit a specific job opening. This spares recruiters from missing all available sources of applicants and resumes. Many systems can tap right into a HRIS for internal sourcing, while some tracking systems can tap into online job boards and even social networking sites, carefully extracting necessary information (and ideal candidates) for the job opening. What organizations get is a carefully sourced list of applicants. This can mean faster processing of highly qualified candidates. No time is wasted on candidates who simply do not fit the bill. There is no passive waiting for applicants as talent is actively sought out from carefully identified areas.
Applicant tracking software and hiring automation
Perhaps the best thing about tracking systems is that the whole process is automated. Recruiters do not have to scan for resumes manually. This saves time, money and effort in the entirety of the hiring activity. Tracking systems can easily store key resume data for fast retrieval later on, it can also provide a platform for recruiters to quickly sift through interview results and other assessments of specific candidates. Some more advanced tracking systems can follow a specific hiring workflow and does everything from posting on job boards, receiving and categorizing applications, sending out interview invitations, and more. The hiring process is practically a hands-free undertaking, right-sizing the staff needed to get the process running. This can mean better management of hiring resources as logistics are streamlined and kept at a bare minimum (without compromising efficiency).
Tracking systems and seeking out hiring problems
Hiring issues can be very silent until you have metrics to actually see and prove it. Applicant tracking systems can provide you with real time analytics that can help you identify problem areas at a glance. Recruitment is a delicate process. You can easily mess up the whole hiring activity by being passive on small problems. Is your interviewing process too slow to process the stream of applicants? Do you have an alarmingly low conversion rate? Do you have application outlets that are underperforming? You can easily answer these questions fast and easy with a tracking system. When you see these problems early on you can also find solutions early. This will help you prevent blown up hiring problems that can cost a lot and leave organizations at the middle of a hiring nightmare.
Applicant tracking systems can make a difference in an organization’s bottom line by simplifying the hiring process, getting the best people for specific jobs, cutting costs, and identifying key hiring issues which can be very costly when left alone. Having a talent management system for your organization is indeed very practical.
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