Applicant Tracking System Softwares

What are Applicant Tracking System Softwares?

An Applicant Tracking System (ATS) software is a recruitment tool used by companies and HR departments to streamline and automate their hiring processes. It helps manage and track job applications, resumes, and candidate information efficiently.

Industry Statistics on Applicant Tracking System Softwares

Here are some industry statistics related to Applicant Tracking System softwares:

1. Market Growth

The ATS software market has been experiencing significant growth in recent years. According to a report by MarketsandMarkets, the market size is expected to reach $1.81 billion by 2027, growing at a CAGR of 6.2% from 2020 to 2027. This growth can be attributed to the increasing need for efficient and cost-effective recruitment solutions.

2. Key Players

Several key players dominate the applicant tracking system software market. Some of the prominent vendors include:

  • SAP SuccessFactors

  • Workday, Inc.

  • BambooHR

  • Oracle Taleo Cloud Service

  • IBM Kenexa BrassRing

3. Benefits of Using ATS Software

ATS software offers various benefits to organizations, including:

  • Improved Efficiency: ATS software automates manual hiring processes, saving time and effort for HR teams.

  • Enhanced Candidate Experience: The software provides a user-friendly interface for applicants, making it easier for them to apply and track their application status.

  • Centralized Data Management: All candidate information, resumes, and applications are stored and organized in a single database, making it convenient for recruiters to access and review.

  • Streamlined Screening and Selection: ATS software allows recruiters to screen and filter applications based on specific criteria, helping them identify the most suitable candidates.

  • Compliance with Hiring Regulations: ATS software ensures compliance with hiring regulations and equal opportunity policies by standardizing the recruitment process.

Fun Facts

Let's explore some fun facts about ATS software:

1. ATS Adoption

According to a survey by LinkedIn, around 75% of large companies use some form of ATS software for their hiring needs.

2. Eliminating Resume Bias

ATS software helps eliminate unconscious bias in the resume screening process. It allows recruiters to focus on objective qualifications rather than subjective biases, such as name, gender, or ethnicity.

3. Mobile-Friendly Applications

With the increasing usage of smartphones, many ATS software providers offer mobile-friendly applications, allowing candidates to conveniently apply for jobs using their smartphones or tablets.

4. Integration with Job Boards

ATS software often integrates with popular job boards, enabling companies to post job openings directly from the software and receive applications seamlessly.

5. AI and Automation

Emerging technologies like artificial intelligence (AI) and automation are being integrated into ATS software, providing advanced features such as automated resume parsing, video interviews, and candidate ranking based on AI algorithms.

Conclusion

Applicant Tracking System softwares have revolutionized the recruitment process for organizations. As the market grows and evolves, these software solutions continue to offer numerous benefits, improving efficiency, candidate experience, and compliance with hiring regulations. By leveraging the power of ATS software, companies can streamline their hiring processes and find the best talent for their organizations.

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We work closely with our partners to offer full advantage of technology opportunities. Our team of experts is constantly thinking of new ways to improve upon the technology we already have to speed up the delivery of practical results.