11 Ways An ATS Can Save Your Company Money

Whether or not you’re going by way of price range cuts or scaling up, you’re in all probability being requested to do extra with much less. To earn a living, your organization wants folks, and your ATS is crucial to getting the correct folks in the correct roles sooner. 

The proper applicant monitoring system correctly configured, can lower your expenses by growing recruiter productiveness, worker retention, compliance, and velocity to rent. Let’s take a look at all of the methods an enterprise-grade ATS can save your organization cash whereas making higher hires.

1. Automate interview scheduling. Interview scheduling can take up an unlimited period of time for recruiters and recruiting coordinators. With SmartRecruiters’ automated scheduling system, meals supply enterprise Wolt saved the identical variety of recruiting coordinators whereas scaling from 1000 to 6000 staff in simply three years.
2. Automate candidate screening. Textual content messaging chatbots help you attain extra candidates, display all of them shortly, and schedule interviews with out even making a telephone name. It may possibly even be finished on outdated telephones: Anglo American, a mining firm, processed 12,500 purposes in lower than an hour with a textual content messaging system constructed for non-internet-enabled telephones.
3. Make higher hires. Scorecard hiring brings transparency to the hiring course of, permitting groups to make higher hiring choices with a constant analysis technique that covers desired expertise, behaviors, and competencies. Growing retention by utilizing a system that helps you make higher hires saves your organization cash with decreased recruiting prices afterward.
4. Uplevel your reporting sport: How environment friendly are your processes? The place are you shedding candidates? With role-level drillable dashboards and export to BI instruments, you’ll be able to pinpoint precisely the place your hiring course of is breaking down and take steps to mitigate roadblocks. Colliers, a global actual property enterprise, saved $3.8m in direct candidate sourcing prices by utilizing reporting in ways in which helped them construct effectivity. 
5. Streamlined affords: Your ATS ought to help you make same-day affords that may be signed digitally. With simply configurable provide letters in SmartRecruiters, you received’t lose candidates earlier than they get one other provide — and also you received’t waste sources on the lookout for one other particular person to fill the emptiness left by the one who received away.
6. Handle consent for a number of use instances. Non-compliance might be expensive, so you have to be sure that candidates consent to every kind of interplay. Constructed-in consent options help you add candidates to your CRM and contacts whereas giving your candidates full transparency.
7. Empower inside mobility and referrals. An ATS with an inside jobs portal that simplifies worker job search and referrals improves your worker expertise, will increase retention, and boosts morale with referral bonuses. After simply three months with SmartRecruiters Worker Portal, telecommunications firm CityFibre stuffed 40% of its positions with referrals and inside hires. 
8. Promote in the correct locations.  The outdated adage about promoting, “I do know that half of my cash is wasted, however I don’t know which half” is rendered out of date with the automated advert spend changes in a contemporary ATS. With SmartJobs, you’ll be able to handle all of your job board contracts multi functional view and optimize spending in real-time.  
9. Recruitment advertising. Employer branding and a careers web page could require some upfront funding, however that is the place the place spending just a little can save you a large number. Candidates can self-select and get impressed by your mission and development alternatives. For Aspen Snowboarding Firm, higher job visibility on a central careers web site resulted in a 24% discount in recruitment advertising spend.
10. Combine with time and money-saving instruments. Maybe your ATS can’t do all the things, however it will possibly make it simpler for you by integrating with instruments that convey you money and time financial savings. One among these areas is sourcing, historically a time-intensive course of. Integrating your ATS with an AI-powered sourcing software like SeekOut or HireEZ will increase productiveness and enhance time to rent.
11. Streamline your recruiting tech stack. Charges add up and other people waste time chasing reviews from system to system. By bringing a CRM, recruiting, onboarding, inside mobility, and referrals all below one roof, you get analytics in a single place and cut back the IT burden.

As we’ve proven, ATS impacts the period of time recruiters, hiring managers, recruiting coordinators, authorized, and IT workers spend on getting the correct folks within the door – and that point is cash. 

Get in contact with us to see how we can assist save your organization money and time by making a extra environment friendly expertise acquisition course of.