As a recruiter, does being overflowed with a large volume of job applications and manually screening thousands of applications seem like a near-impossible job to you? Worry not, for this AI recruitment tool, also known as Applicant Tracking System will do the job for you!
In this blog, we will discuss:
- What is AI applicant tracking software?
- What is the main purpose of an applicant tracking system?
- How does an AI applicant tracking software work?
- Features of an AI applicant tracking system
- Future of Application Tracking Software
- Misconception about ATS
So, if you are new to this software, don’t worry! This blog is your complete guide to the world of applicant tracking systems. We will walk you through every nuance of such hiring trackers/tools.
What is an AI Applicant Tracking System?
An Applicant Tracking System is a tracking system that both, small and large-scale companies use to streamline their hiring process. An ATS platform helps recruiters to screen and onboard the best candidates that match the post requirements amongst the pile of applications.
Certainly, different applicant tracking systems have different features, but all of them serve one common purpose, which is to simplify the tiring and lengthy hiring process.
Different companies use different hiring trackers to track applications. But, among the most popular ATS platform are:
- Pitch N Hire
What is the Main Purpose of an Applicant Tracking System?
Usually, the most powerful ATS platforms are cloud-based Software as a Service solutions. The SaaSs can be accessed from anywhere at any point in time. The features provided, the complexity of specific ATS platforms, and their pricing may vary depending on the type of services they provide.
On-site and cloud-based Software as a Service solutions are generally more expensive. but also, they offer a wide range of services in comparison to open-source alternatives.
How Does an AI Applicant Tracking System Work?
Selecting the best candidates for job interviews can be an exhausting and time-consuming task, particularly when they receive a large number of applications. Hence, to deal with such challenges, a hiring tracker is made in use to streamline the process and onboard the best candidate possible.
The employee tracking system basically relies on data that is provided by current employees. It plays a very important role in monitoring applicants and hiring the best candidate amongst the large volume of applications.
Similarly, Google Hire is a great example of a machine learning/AI-based recruitment solution that is aimed toward recruitment and applicant tracking. This platform enables recruiters to compile a list of past candidates whose profiles align with the current job openings.
Features of an AI Applicant Tracking System
The features required in recruitment software entirely depend on your company’s size, budget, and the flow of the job application it receives.
Fortunately, whether you need an ATS or a CRM system, or any other type of recruitment software, there is likely a platform available that suits your specific needs. To help you in this process, here’s a checklist of recruitment software features that you should look into before finalizing which one to buy or use!
- Reports and analytics
- Data centralization
- Custom pipelines
- Customizable templates
- Employee referrals
There are many more that you can consider too but these are a few of the main ones that you should definitely look into, no matter what.
Future of Applicant Tracking System
The applicant tracking system has evolved rapidly over the past decade. The applicant tracking system has evolved rapidly over the past decade. Earlier, they were used for basic tasks like tracking candidates. Now, their job is more than just that.
In the future, AI applicant tracking software is likely to improve their existing services. Hence, this will make them more user-friendly and even easier to operate than they are today. This is very much needed as some job postings attract thousands of applicants. Therefore, any improvements that make it easier for recruiters in the onboarding process will be appreciated.
Misconception About ATS
There are quite a few common misconceptions that exist about what an ATS can do for users. Now, If you’re considering subscribing to ATS software, we recommend you read this section to clear all of your doubts about the ATS before purchasing. Below are a few of the most common misconceptions regarding ATS:
- ATS will not solve all your outsourcing problems.
- Just by buying an ATS, you will not get an influx of candidates.
- An ATS will not pick the best candidate on its own, as it should not.
So, you may be thinking- what can ATS do then? Well, it can do more than half of the job for you. The rest requires a deft human touch because, after all, it is human resources we are dealing with. No machine will ever be the best judge of the idiosyncrasies that come forward during one-on-one interviews or personal interactions with applicants.
AI applicant tracking software has become a need for both small and large-scale companies to effectively manage their hiring process. Companies can find the most qualified individuals more quickly by employing an ATS. The software can review cover letters, resumes, and other application materials to compare them to the needs of the position and the necessary details. But it can still be a challenge to decide which ATS to choose. We recommend Pitch N Hire. They make hirings easier, and their customer service makes the whole investment worth every single dime!