Benefits of a Hosted Applicant Tracking Solution
Signing on to the right applicant tracking service
is an important first step to take when building an
effective hiring strategy. While employers are finding
that the cost of a hosted solution is relatively low,
more businesses than ever are using applicant tracking
services to gain an edge in the ever-changing field
of talent recruitment. One reason for the popularity
of hosted applicant tracking is found in the impressive
results it delivers. Not only are workforce gaps being
rapidly filled, but the caliber of employee quality
is increasing. Furthermore, employers all over can
now rely upon these highly responsive systems to accommodate
unforeseen events in the recruitment process. For companies
of all sizes, an applicant tracking service can help
to ensure a comprehensive approach to seeking the best
talent available. 
Criteria
for evaluating Applicant Tracking Software
Applicant tracking is essentially a database management
application. The software is required to maintain an
applicant database and job openings. How that information
is manipulated is where the differences in software
begin. We will examine the different software for tracking
potential employees and make sense of the different
applicant tracking solutions out there.
Functions of an Applicant Tracking System
OCR Resume Scanning
Although the resume submission process is increasingly being automated via
online services, for a great many businesses that is not an option. Optical
Character Recognition is the ideal way to scan a document into the database
and make the information usable. In today’s competitive job market it
is crucial to have access to the most recent data. OCR Resume Scanning is crucial
to the process. Make sure your software program includes this feature.
Interview Scheduling
An integrated interview scheduler is essential within a tracking solution.
Every part of a tracking system should feed information to the other part.
Integrating the scheduler allows that data to flow into the next step of
the hiring process or not. The smooth functioning of the hiring process is
assured when the applicant tracking modules can communicate with each other.
Statistics
It is important to be able to at a glance be aware of how well the recruiting
campaigns are doing for effective oversight. Statistical capability is an
important feature. With this module you will be able to track how many applicants
have applied, then break that down into more granular views to find out what
are your most effective sources of leads, etc.
Automated Communication
Automating the communication between applicant and employer is highly important.
This includes not only the letter itself, but mailing labels as well. The
ability to communicate by email is also handy.
These are all essential ingredients of an applicant
tracking solution. There is software to meet all ranges
of companies, from SME to Enterprise levels. Make sure
that it has all the features necessary to automate
as much as the process as possible, with the ability
to easily generate reports and exchange data between
the different modules. You should not need to patch
together several programs to meet your needs. A single
integrated software package is the best way to go for
optimal results.
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