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Employing an Applicant Tracking System to Choose a Human Resources Manager

Most companies today are giving due importance recommended to their hiring metrics and statistics. It's now important to help them to know what's working for them and what's not, status of candidates in the interview pipeline, volume of hires, etc. These, majorly, in order to find loopholes in their hiring processes and connect them. Loopholes inside recruitment processes can bring about plenty of financial loss for corporates. It is, therefore, crucial that these be identified at the earliest opportunity in order that steps can arrive at rectify them.Applicant Tracking system
Analyzing your hiring metrics though recruiter generated reports will only supply you with reports and status which are manipulated and you may also have incorrect. So that you have a particular picture within your recruitment pipeline and to recognise what's working for and what's not, you'll need a system that will give accurate reports and hiring status.
An applicant tracking system or recruitment software will help you find a clear picture of all you recruitment related processes. Here are a few from the features of applicant tracking system that will assist you weigh your hiring metrics right.
With applicant tracking system you can generate extensive reports to analyze your sourcing effectiveness. These reports allow you to analyze what's working and what's not as part of your recruitment process. These instant reports can even be generated in multiple formats.
You may understand the status on the candidates from the recruitment funnel everywhere at any time simply by logging into your system. Like this, you don't need to to depend on reports shipped to you by recruiters or hiring managers.
It is usually streamlined to suit your tried and true processes and client based workflow will also be specified in order that you may bag more deals easily.
Manage your recruitment sources for example vendors, employees and candidates employing a single applicant tracking system. The vendor portal helps vendors upload and follow their resumes car hiring cycle without bothering the recruiters. Similarly employees may also upload their referrals through employee portal. You may also integrate your career website using the system. This means you know if your employee referral strategies work efficiently or no. You may also analyze vendor effectiveness and the effectiveness of your corporate website in attracting candidate profiles.
You will get a daily, weekly and monthly report from the processes so that you know what's going wrong where. Then you can implement approaches to increase the sourcing and hiring effectiveness within your HR team.
The applicant tracking system also helps you analyze recruitment related expenditures, by which you where to reduce on unnecessary recruitment related costs. It's also possible to allot hiring budgets a variety of positions and vacancies dependant on the financial analysis provided by the system.

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