The selection is done based on certain criteria, like; keywords, skills, former employers, years of experience, and schools attended. The main motive of an ATS is to provide a central location and database for a company’s recruitment efforts. The database is collected by various ways like from internal applications via the ATS front-end, located on the company website, or is extracted from applicants on job boards. Most of job and resume boards have partnerships with ATS software providers to provide constant support and ease of data migration from one system to another. Recent developments used in this field are Artificial Intelligence (AI) tools and natural language processing (NLP).
The ATS system is also known as the talent management systems (TMS) and is used by an application service provider known as software as a service (SaaS) model.
Hiring documents used by HR can be stored online by this system, so the problem of sifting through stacks of paperwork or hundreds of emails to find what they need can be overcome.
Applicant Tracking Software can help in the following processes:
- Collect job applications
- Parse and analyze resumes
- Identify top prospective candidates
- Manage and organize the applicant review process
- Reduce your recruitment related costs thereby improving your Cost Per Hire
- Reduce your recruitment processing time
- Increases the hiring quality of candidates
- Improve internal and external communication
- Improve the strategic decision making process
- Improve internal mobility within an organization
- Improve and automate EEO/ OFCCP monitoring and reporting
- Automation of the requisition approval process
- Improves the workforce planning and budgeting
- Time saving in finding candidates.
- Improves your employment brand
- Manages Job fairs, travel expenses, background checks, other misc. items
- Helps to manage an internal or external recruitment staff
- Helps to have a direct access to social media portals
- Helps to do Marketing through job postings
source: https://payrollservicesfl.wordpress.com/2015/03/10/how-application-tracking-system-can-help-human-resource-functions/