11 Ways An ATS Can Save Your Company Money

Whether or not you’re going via price range cuts or scaling up, you’re most likely being requested to do extra with much less. To generate income, your organization wants folks, and your ATS is important to getting the precise folks in the precise roles sooner. 

The appropriate applicant monitoring system correctly configured, can get monetary savings by growing recruiter productiveness, worker retention, compliance, and velocity to rent. Let’s have 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 let you attain extra candidates, display screen all of them shortly, and schedule interviews with out even making a cellphone name. It will possibly even be performed on outdated telephones: Anglo American, a mining firm, processed 12,500 purposes in lower than an hour with a textual content messaging system constructed for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 selections with a constant analysis technique that covers desired expertise, behaviors, and competencies. Rising retention through the use of a system that helps you make higher hires saves your organization cash with lowered recruiting prices in a while.
4. Uplevel your reporting recreation: How environment friendly are your processes? The place are you dropping candidates? With role-level drillable dashboards and export to BI instruments, you possibly can pinpoint precisely the place your hiring course of is breaking down and take steps to mitigate roadblocks. Colliers, a world actual property enterprise, saved $3.8m in direct candidate sourcing prices through the use of reporting in ways in which helped them construct effectivity. 
5. Streamlined presents: Your ATS ought to let you make same-day presents that may be signed digitally. With simply configurable supply letters in SmartRecruiters, you received’t lose candidates earlier than they get one other supply — and also you received’t waste sources in search of one other individual to fill the emptiness left by the one who acquired away.
6. Handle consent for a number of use instances. Non-compliance could be expensive, so you should make sure that candidates consent to every kind of interplay. Constructed-in consent options let 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 precise 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 possibly can 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 might require some upfront funding, however that is the place the place spending a little bit 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 website resulted in a 24% discount in recruitment advertising spend.
10. Combine with time and money-saving instruments. Maybe your ATS can’t do every part, however it will possibly make it simpler for you by integrating with instruments that convey you money and time financial savings. Considered one of these areas is sourcing, historically a time-intensive course of. Integrating your ATS with an AI-powered sourcing device like SeekOut or HireEZ will enhance productiveness and enhance time to rent.
11. Streamline your recruiting tech stack. Charges add up and other people waste time chasing stories from system to system. By bringing a CRM, recruiting, onboarding, inside mobility, and referrals all beneath 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 employees spend on getting the precise 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.