The 3 ways an ATS can reduce recruitment costs
Previously in this series we’ve looked at the 3 ways an ATS can centralise your recruitment process and how it can save you time.
Today, we’re focused on how it can help to reduce recruitment costs for you – so buckle up, sit tight and get ready for another whistle-stop tour of your ideal Applicant Tracking System.
So, an ATS should help to reduce recruitment costs by…
Letting you map your recruitment spend
All decent Applicant Tracking systems should come with a comprehensive suite of reports. These will enable you to evaluate the success of your recruitment campaigns compared to your spend.
What’s more, a recruitment cost mapping tool will help you to keep track of your spend across all sources, social channels and advertising platforms, in addition to comparing your costs for different vacancies.
This kind of insight, coupled with reports such as Cost per Hire and Time to Hire, will equip you with the knowledge to ascertain where you’re spending more and why. Is it an inefficiency at a certain stage of your recruitment process that’s extending your time to hire (and therefore spend), or is there a particular advertising channel which is proving more expensive than others?
Use your reporting suite to answer these questions and help reduce recruitment costs for your team.
Reducing your reliance on agencies
An Applicant Tracking System is not a sourcing tool – but it can offer you tools to aid your candidate attraction and make in-house recruitment more viable.
Recent statistics show that an organisation’s career site still remains one of the most popular channels for candidate applications. Working with your ATS supplier to enhance your careers site and employer branding will aid your candidate attraction and engagement, whilst ATS tools such as configurable application forms will help you develop a slick and streamlined application process that won’t put off high calibre candidates.
This, combined with tools like simple social job sharing, multiple job board integrations and search engine optimised vacancies should enhance your visibility and candidate attraction, thus reducing your reliance on agencies – which should help to reduce recruitment spend.
Centralising your recruitment process
If you’re an organisation with recruitment teams in multiple locations, centralising your recruitment process can significantly reduce recruitment spend.
For starters, with one system you’ll only need to pay for one system, as opposed to a number of different products and licenses across your organisation.
What’s more, a centralised recruitment process will ensure you can keep track of recruitment costs across your entire organisation, whether you’ve multiple regional or even global offices.
Typically, you’ll be using multiple platforms in order to engage with candidates and promote vacancies. Using an ATS, you can review the different channels and resources used by each recruitment team which will enable you to measure each one’s impact and cost.
In isolation an ATS cannot reduce recruitment costs…
…but it can help you to measure the effectiveness of your recruitment activity. It can help you to automate and streamline manual processes that prove costly in terms of time and resources, and can offer you the tools to reduce your reliance on recruitment agencies.
With an ATS you can implement a centralised recruitment function, which can reap huge rewards for your organisation, whilst comprehensive reporting can offer you a clear view of where you’re seeing the highest recruitment costs and help you evaluate how you could lessen these.
It’s quite a clever piece of kit really!
Find out more
We shed light on ATS jargon
Read about the 3 ATS reports you need
Discover our Applicant Tracking System