The Ultimate Rundown on How an ATS Improves Retention Rates

Ask any CEO what employee-related issue is probably keeping them up at night, and the answer would probably be turnover and retention rates. We’ve all faced these struggles: low morale, absenteeism, turnover, sluggish retention rates, and low productivity.

But there must be a light at the end of the tunnel, right? Well, that light is something we like to call an ATS!

These three letters must ring a bell for you, especially if you work in recruitment. You’ve seen this word everywhere, heard about it from your peers, or watched Elevatus post endless blogs about it. An applicant tracking system (ATS) is an advanced technology that helps HR professionals find, attract, and hire qualified candidates in a fraction of the time. Not only does it help you streamline the recruiting process, but it also helps you improve retention rates.

It can be quite debilitating to watch your team constantly grow and then shrink in size. But with the right ATS, you can ultimately improve retention rates by recruiting the right people, from the very first time.

Let’s explore how an ATS does that!

Helps you improve your quality-of-hire

Quality-of-hire is a measurement of the value that a new hire brings to the company and how much they contribute to the bottom line with their quality of work. This metric is a difficult one because you can only effectively measure it after months of making the hire.

On the bright side, around 78% of recruiters declared that by using an ATS they managed to improve the quality of hire.

It’s worthy to know that the best candidates stay in the market for approximately 10 days. That’s how fast they can get snatched by competitors.

So an ATS can help you speed up the hiring process and secure top talent ahead of the rest. For example, an ATS allows you to automate the way you screen candidates. By automating candidate screening, you increase productivity, speed up the selection process, and eliminate the time-consuming screening process once and for all. Let’s take the ATS, EVA-REC, as an example. Through this applicant tracking system, recruiters can seamlessly turn their offline database into an online and searchable one. Where all they’ve got to do is drag and drop the mass number of resumes into the system, and all the candidates’ information will be immediately parsed from their resumes. This will help you screen and shortlist top candidates in a fraction of time, and eliminate manual work once and for all.

Matches the right candidates to the right jobs

As we previously mentioned, scanning hundreds of resumes manually is a waste of time. Other than centralizing your resume database, an ATS can help you screen resumes at the speed of light and match the right candidates to the right jobs.

How? It’s simple!

First of all, an AI-powered ATS is intuitive and takes into account that all resumes may have unique or different formats. It also looks out for critical keywords that you expect to see in a candidate’s resume. For example, an ATS like EVA-REC allows you to add weights to certain criteria that are most important to you. Perhaps this criterion is related to the candidate’s location, skills, industry, major, willingness to travel, job type, career level, and more. As soon as you put weights to the criteria you care about the most, the ATS will automatically filter through the candidates and rank them for you in order of qualification!

Not only that, but with the click of the button, you can match these candidates to any open vacancy. Or, just attach the job description of your choice and match it to the best candidates in seconds. Then, a matching percentage will then appear next to each candidate’s profile. Which dictates how well the candidate’s profile matches the job requirements. Therefore, helping you spot and find top candidates at a glance.

It doesn’t matter what job you’re hiring for; the AI will find the best matching candidates for every job. This matching algorithm will help you find top candidates in your database fast and save more than 90% of your valuable time and money.

When you match the right candidate to the right job, you can rest assured that they will be happier employees. Simply because they are qualified and well-fitted for the position. They won’t come back to you a few months later telling you that this job isn’t for them. They’ll actually feel more at ease and happy enough to unleash their full potential at the job.

Get everyone involved and working together

The notion of building a strong team is nothing new. Just take a quick look at a football team and see how they’re all working together for the goal. They high-five each other, give each other passes, and cheer for each other.

Recruiting teams should be no different.

When recruitment turns into a top-down process, it becomes much harder to solicit feedback, get approvals fast, or communicate in real-time.

But today, things are different with an ATS.

An ATS like EVA-REC gets everyone in your team to work and get involved, all under one tab. Where all teammates can communicate with each other in one single place to rate, evaluate, discuss, and decide on which candidates to move forward with. Through the ATS, teammates will be assigned different tasks and given specific permissions throughout the hiring process. Not only that, but recruiters can even collaborate with coworkers from different departments.

As a result, with fruitful team collaboration, recruiters can reach a consensus faster and make the right hiring decision with ease. Especially since the decision was made without haste, rush, or intuition. Through a data-backed hiring process and team collaboration, recruiters can make the right hires every time, and significantly improve retention rates within the organization.

Enhances hiring habits exponentially

Are you struggling to get fruitful outcomes from your hiring efforts?

There may be a reason behind that.

As the saying goes “Old habits die hard”.

This means that if you continue to cultivate awesome hiring habits (even when you’re not recruiting) they’ll stick with you even when you dive back into hiring. So if you always sourced candidates every day, got back to candidates on time, or built strong talent pools – an ATS can help you keep your hiring efforts on track.

Not only that, but it can even help you do all your tasks 90% faster, which leaves you with more time to focus on what matters the most: building real connections with candidates. That essentially means communicating with them early and often, keeping them in the loop, and ensuring that they have the best possible candidate experience. You can even onboard these new hires before day one with a great ATS. Which helps them get the best first impression of your company, and improves retention rates significantly.

And when candidates are taken through an efficient hiring experience, they’ll instantly look at your company in high regard. They’ll even feel more at ease knowing that’s how you’ll treat them as employees!

In short

Improving your hiring process and retention rate may seem like a daunting task at first. Maybe even like an unattainable dream. But when you team up with the right ATS, you can effortlessly turn your dreams into reality. An ATS drastically reduces time spent on mundane tasks and helps you streamline the hiring process to make faster, better hires.

EVA-REC is a futuristic ATS that automates and improves the remote hiring process with AI technology. It offers businesses of all sizes and shapes fully customizable world-class features that help them create a rich and immersive hiring experience for everyone. Through EVA-REC, enterprises can drive merit-based, objective, and fair hiring practices that minimize bias, without dehumanizing the hiring process.

Request a free demo today and get to see our futuristic ATS in action!

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