Applicant Tracking Systems Market 2020-2023: Covid-19 Analysis, Key Findings, Growth by Region

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Global Applicant Tracking Systems marketing research Report - By Services (Managed Services), Deployment (On-Cloud, On-Premises), Organization Size (SMEs, Large Enterprises), Industries (Government, IT & Telecommunication) – Forecast Till 2023

Applicant tracking systems (ATS) are software used across enterprises for recruitment of skilled personnel across industries. Data migration tools within the software make it easy for recruiters to retain the worker database because it is being installed during a new system. the worldwide applicant tracking systems market report by marketing research Future (MRFR) takes into consideration several underlying variables like drivers, restraints, opportunities, and trends for the amount of 2018 to 2023 (forecast period). The outbreak of the COVID-19 pandemic and its impact on the industry are a neighborhood of the report.

Competitive Outlook:

ApplicantStack, ExactHire, Bullhorn, Inc., Cornerstone OnDemand Inc., Workday, Inc., Findly Talent LLC, IBM Corporation, ClearCompany, iCIMS, Inc., Hyrell, Jobvite Inc., Paycor, Oracle Corporation, SAP (SuccessFactors), BambooHR, and Lumesse Limited are prominent players of the worldwide applicant tracking systems market. Partnerships, acquisitions, and new products are prime strategies of players to realize their share within the market. Recently, Epazz Inc. launched the Provitrac applicant tracking system for workers to regain lucrative jobs which they need lost during the COVID-19 pandemic.

Market Scope:

The global applicant tracking systems market is predicted to grow at a CAGR of 10% during the forecast period. the main driver of the market is that the use of cloud-based software for tracking skilled personnel and improving production rates. the utilization of one platform for tracking new potential recruits, resume management, resume search, and job creation and approval is probably going to drive the market demand. The loss of jobs during the COVID-19 lockdown is probably going to steer a flurry of employee hiring software for replacing recruits.

The changing work dynamics, use of mobile applications for approaching companies, and automation in human resource management are main drivers of the market. the utilization of software for filtering the proper candidates and filling out vacant positions will bode well for the market within the coming years.

Segmentation:

• The global Applicant Tracking Systems Market is segmented into services, deployment, organization size, and industries.
• By services, it's further sub-segmented into managed services and professional services.
• By deployment, it's segmented into on-cloud and on-premises. the previous held a share of quite 60% share and was liable for improving hiring efficiencies and productivity rates.
• By organization size, it's segmented into small and medium enterprises (SMEs) and enormous enterprises.
• Major industries include IT & telecommunication, government, manufacturing.

Regional Analysis:

The regional analysis of applicant tracking systems market is studied for regions of Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).

North America is the leading region globally within the applicant tracking systems market. The market during this region features a huge demand thanks to the increasing adoption of AI and machine learning. The trend of acqui-hiring among large companies for recruiting a full-fledged team for his or her skills is probably going to drive the market demand exponentially.

The market in Europe is predicted to witness rapid climb thanks to advancement in technology in applicant tracking systems which improves staffing operations, increase recruiter productivity, et al. . The Asia Pacific applicant tracking systems market relies on countries of China, Japan, and India thanks to their large workforce, immense talent, and wish for remote hiring and technical upskilling in corporate enterprises.

About marketing research Future:

At marketing research Future (MRFR), we enable our customers to unravel the complexity of varied industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and marketing research & Consulting Services.

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8 Things Every Hiring Team should know About ATS

 Every organization has its HR team or recruitment team these days. But, sometimes, they are also unable to find the right talent for the right position. It may be due to overloaded work or due to not getting proper resources. This is the time when people come to ATS or ApplicantTracking System.

 

As we all know, ATS is in the demand of the hiring industry. It is not only software or tool to track applicants but also automate, streamline, and manage the entire hiring process. So, here are some advantages every recruiter should know about ATS before hiring a candidate.

 

1.      Easy to Find the Right Candidate - It can help you find qualified candidates as per the requirement of your job ad.

2.      Employer Branding – It can enhance your brand through your informative and attractive career pages, craft effective job ads, and easy-to-complete application forms.

3.      Schedule & Mail – An advanced ATS system can make it easier for you to schedule calls and interviews and exchange emails with candidates.

4.      Candidate Evaluation – After screening the resume, ATS can automatically verify and match the candidates’ resume with your given requirement and let you know the evaluated result only.

5.      Up-to-date Communication – It can help you in up-to-date communication with candidates automatically through the software or tool by sending mails or messages.

6.      Integration - If your recruiting system is already integrated with your hr software, it can also help you easily import the hired candidates into your employee database.

7.      Support & Implementation – Advanced ATS software can offer fast and reliable candidate support and help after integration during work procedures.

8.      Advance Security – It can also keep your legal candidates or employee’s documents securely, which is another headache of the HR department.

 

So, if you are also looking for the right Applicant Tracking System for hiring the right talent at your company, visit https://www.tracktalents.com/, and take advantage of its advanced features.

 

Avoid Unsuitable Candidates with the Right Tracking System

Technology has streamlined almost all business operations, including recruiting. The online recruitment system encompasses the sources used for the recruitment and selection of candidates. It reaches a much broader audience and gets applied candidates to your jobs.

But, within the online recruitment process, sometimes recruiter gets too many unsuitable candidates applied over the job? Are you facing the same?

If yes, for the very first you've got to specialise in basic items , which can assist you to seek out the proper talent.

Focus on the Job Title & Description:
Before giving a billboard for any vacancy, always determine the work title. Because the title is the face of your job profile. Select the Designation or the job title that defines your requirement. It is not only employment title but also the work role or requirement option you've got to refill before giving employment advertisement. So, the HR team should work with the department hiring manager to create a more accurate set of criteria for the job description.

Right Applicant Tracking Software:
Secondly, the proper applicant tracking software is that the best solution to avoid unsuitable candidates. A powerful ATS can minimize the load for recruiters by using AI (AI). In recruitment, AI is that the learning or problem-solving procedure that a computer can do. So that ATS can automate your workflow more effectively and simply engage, screen, and assess candidates. It also helps to automate resume screening by using AI on your existing resume database.

Avoid Duplicate Resumes:
ATS helps organizations to refine the resume by coitus interruptus the varied details of the candidate’s profile. So, you can quickly get an idea of who they are and what they’ve done in their career.

Sometimes a single person applies for the same job more than once. In this situation, the talent acquisition software or ATS won't create another profile with an equivalent information. It will notify the candidate that he/she has already registered during this site or job ads. And, the system will notify you of a replica resume in order that it'll help the HR team to take care of a clean database of candidates.

And, TrackTalents is meant with an easy dashboard where recruiters can access all the knowledge they have to source candidates for hiring new employees.

Why ATS useful for optimizing your HR management?

Why Buy Software, however, we are paying an honest salary to the HR Department in our Organization?

We got these types of questions a lot. People are asking about the benefits, advantages, or the effectiveness of the Applicant Tracking System (ATS). In simple words, the Human Resource (HR) Dept. is not only hired to rent employees, but it also handles a variety of various functions in every organization. From training workers, maintaining interoffice relationships to interpreting employment laws, the management team handles tons .

At first, glance, hiring and firing employees are common lately in organizations. To reduce the term ‘fire’, in your hub, the HR applicant tracking system is that the best solution. Let’s have a look, why is it helpful?

ATS:
A tool designed to pipeline the recruiting process. It simplifies and automates the journey of the HR team during hiring employees from posting job openings, receiving applications to hiring employees.

Speed Up the Recruiting Process:
The applicant tracking system is a tool to optimize your time to hire candidates. With this tool, the recruitment task are going to be very smoother and faster. The task like analyzing resumes, selection of candidates, mailing, and more, which takes hours to be completed within a couple of times. It can't only save some time but also provides smart work like mobile-friendly job posting during a single click by sharing on social media platforms.

Ease the Resume Management:
Resume – a crucial a part of the hiring process. It can offer you a radical overview before you ever meet a candidate. And, resume management software can make your work simpler by avoiding duplicate resumes in your ATS database and focus on important dilemmas so that you can parse the selective ones. It can accept resumes in every document type.

Improve the Quality of Hire:
ATS allows you to line your standard of requirement and qualifications to spot and separate unqualified candidates and prioritize the perfect ones. This not only improves the standard of hire, but it also helps you to spot the simplest candidates quickly without dalliance .