[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"blog-quantifying-the-value-of-an-applicant-tracking-system-(ats)":3},{"blog":4,"categoryBlogs":62},{"id":5,"title":6,"Content":7,"Date":8,"user":9,"summary":10,"slug":11,"published_at":12,"created_at":13,"updated_at":14,"metaTitle":15,"metaDescription":10,"draft":16,"categories":17,"faq_section":9,"Image":18},55,"Quantifying the Value of an Applicant Tracking System (ATS)","\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">In this day and age, it goes without saying that recruiting is a central process for most organisations. However, it takes a lot of time and resources to do right. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">In fact, the average cost per hire in the UK stands at around \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.thetalenthub.org\u002F16\u002F328\u002Fcalculating-your-cost-per-hire\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>£3,000\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> and it takes more than 27 days to hire a single employee.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">This may sound like a lot until you consider the time and effort required to attract applicants, sift through CVs, interview, negotiate and onboard new hires. And then consider the number of new roles you have available at any given time amidst an \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fblogs.lse.ac.uk\u002Fbusinessreview\u002F2022\u002F04\u002F14\u002Fglobal-management-programmes-can-help-win-the-escalating-talent-war\u002F\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>escalating talent war\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\">. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">To make the process faster, easier and cheaper, \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.seemehired.com\u002Fblog\u002Fwhat-is-an-applicant-tracking-system-(ats)-and-do-you-need-one\u002F\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>Applicant Tracking Systems (ATS)\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> have turned into valuable tools for talent professionals. In fact, a survey by Capterra found that \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.capterra.com\u002Frecruiting-software\u002Fimpact-of-recruiting-software-on-businesses\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>94% of recruiters\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> say recruiting software has improved their hiring process. And academic \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Flink.springer.com\u002Farticle\u002F10.1007\u002Fs11573-014-0758-9\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>research\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> supports the value of applicant tracking systems for business. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">But does this value apply to your situation as well? \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Today, we'll try to quantify the advantages of an ATS so you’ll know if it’s the right tool for your specific situation or if you're better off with the status quo.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Let's dive in. \u003C\u002Fspan>\u003C\u002Fp>\u003Ch2> \u003C\u002Fh2>\u003Ch2>\u003Cspan style=\"background-color:transparent;color:#000000;\">Reduce time to hire\u003C\u002Fspan>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Time to hire is a crucial \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fseemehired.com\u002Fblog\u002F15-key-hr-metrics-you-should-track-in-2022\u002F\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>HR metric\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> because it impacts so many parts of the recruitment process. Among other advantages, a low time to hire helps with the following: \u003C\u002Fspan>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Lower costs - the fewer days you advertise the role and process applications, the lower the total amount you’ll spend on hiring.\u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Filling the role faster - reduced time to hire means the business pain of not filling the position will be removed faster. \u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Better candidate experience - when candidates go through your recruitment processes faster, it tends to improve their experience whether they land the role or not. \u003C\u002Fspan>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">If you don’t yet track time to hire, use the below formula to calculate it:\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"text-align:center;\">\u003Cspan style=\"background-color:transparent;color:#000000;\">\u003Ci>\u003Cstrong>Time to Hire = Day candidate accepted offer – Day candidate applied\u003C\u002Fstrong>\u003C\u002Fi>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">This means if a candidate applied on day 7 after the position was published and accepted on day 31, the time to hire is 31 - 7 = 24. Calculate this over multiple roles to identify your average time to hire for a given period.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">So how does an ATS help reduce time to hire? Let’s look at the most common tasks involved in a recruitment campaign and estimate the potential time savings compared to doing them manually.\u003C\u002Fspan>\u003C\u002Fp>\u003Ch3> \u003C\u002Fh3>\u003Ch3>\u003Cspan style=\"background-color:transparent;color:#434343;\">Distribution - save at least 20 minutes per vacancy\u003C\u002Fspan>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Let's say you want to advertise a role across the following channels: \u003C\u002Fspan>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Ca href=\"https:\u002F\u002Fseemehired.com\u002Fblog\u002Fhow-to-source-more-and-better-candidates-with-linkedin\u002F\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>LinkedIn\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> - copy\u002Fpaste and format (5 minutes)\u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Indeed - copy\u002Fpaste and format (5 minutes)\u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Facebook - copy\u002Fpaste and format (5 minutes)\u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Recruitment agencies - send a brief email (5 minutes)\u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Your careers page - depends on IT department availability, typically several hours to a few days\u003C\u002Fspan>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">An ATS like \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fseemehired.com\u002F\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>SeeMeHired\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> gives you full control over posting jobs on your careers page so there's no need to go through IT every time. It can also automatically share the job with your recruitment partners and list with major job boards and social media, instantly saving at least 20 minutes per job post. \u003C\u002Fspan>\u003C\u002Fp>\u003Cfigure class=\"image\">\u003Cimg src=\"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Fimage1_a6d728e9fb.png\">\u003C\u002Ffigure>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">\u003Ci>Bonus: Niche and smaller job boards are often ignored when you have to manually post the role so an ATS can give you that extra reach since jobs are posted automatically on your channels of choice.\u003C\u002Fi>\u003C\u002Fspan>\u003C\u002Fp>\u003Ch3> \u003C\u002Fh3>\u003Ch3>\u003Cspan style=\"background-color:transparent;color:#434343;\">Reduce screening time - save at least 30 minutes per vacancy\u003C\u002Fspan>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Screening CVs and manually updating a spreadsheet with candidates are some of the most time-consuming tasks in recruitment. And often you will find the majority of candidates don't even meet the essential criteria for the role. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">An ATS can automatically exclude irrelevant applications and highlight the most suitable candidates based on your pre-set requirements. If we assume the average campaign requires a cumulative time of 1 hour shortlisting candidates, an ATS can easily reduce it to 30 minutes by showing you only the most relevant candidates. \u003C\u002Fspan>\u003C\u002Fp>\u003Ch3> \u003C\u002Fh3>\u003Ch3>\u003Cspan style=\"background-color:transparent;color:#434343;\">Automatic progress updates - save at least 25 minutes per vacancy\u003C\u002Fspan>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">If you want to update a candidate on their progress or reject their application, you will typically look up their email, copy\u002Fpaste a template reply and tailor it to the exact person and position they applied for. This leads to several issues: \u003C\u002Fspan>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Prone to errors as everything is done manually\u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Mundane and repetitive work so it's often delayed or skipped altogether\u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Leads to a poor experience for both candidates and recruiters\u003C\u002Fspan>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">An ATS can fix these issues and save time by sending automatic progress updates with a single click. Assuming every manual reply takes 5 minutes and you notify 5 applicants, this will instantly save 25 minutes and just grow with the number of candidates per vacancy.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">All of these common recruitment tasks are automated or removed with an ATS and the benefits stack up as you hire more people. While estimating the exact time saved depends on your current setup, we recommend tracking your time to hire on a cumulative basis to get an average and then comparing this to using an ATS over at least 3-6 months. \u003C\u002Fspan>\u003C\u002Fp>\u003Ch2> \u003C\u002Fh2>\u003Ch2>\u003Cspan style=\"background-color:transparent;color:#000000;\">Reduce cost per hire\u003C\u002Fspan>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Your cost per hire is a measure of recruitment efficiency, taking into account all costs related to hiring and dividing them by the number of new hires in a given time period. Use the below formula to calculate your cost per hire: \u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"text-align:center;\">\u003Cspan style=\"background-color:transparent;color:#000000;\">\u003Ci>\u003Cstrong>Cost per Hire = (Total internal recruiting costs + External recruiting costs) \u002F Total # of hires in a given time period\u003C\u002Fstrong>\u003C\u002Fi>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Internal costs include, among others, recruiter salaries and referral bonuses while external costs include agency fees, advertising costs and career fairs. So if you hire 12 people in a month with 3 recruiters at £2,700 per month and spend £1,000 to advertise each position, your cost per hire would be: \u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"text-align:center;\">\u003Cspan style=\"background-color:transparent;color:#000000;\">\u003Ci>\u003Cstrong>(2700*3 + £12,000)\u002F12 = £1,675\u003C\u002Fstrong>\u003C\u002Fi>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">That's excluding any agency fees which can impact this number considerably, given a standard cost of 20% on top of the annual salary.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">If you don't yet track cost per hire, we strongly recommend compiling and calculating this metric across, say, 3 months to set an initial benchmark.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Now, let’s look at how an ATS can help reduce your cost per hire (and by how much). \u003C\u002Fspan>\u003C\u002Fp>\u003Ch3> \u003C\u002Fh3>\u003Ch3>\u003Cspan style=\"background-color:transparent;color:#434343;\">Time is money\u003C\u002Fspan>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Cliché as it sounds, if your talent acquisition team spends that extra time we discussed above strategically, you will see considerable reductions in cost per hire. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">What does \"strategically\" mean? It means spending time refining processes and tweaking campaigns to compound efficiencies over time.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Here are some of the key areas that often get neglected yet contribute to reducing costs in the background: \u003C\u002Fspan>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Creating templates, checklists and processes\u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Training other team members\u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Developing your employer brand, e.g. via Glassdoor and \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fseemehired.com\u002Fblog\u002Fhow-to-create-an-effective-recruitment-video\u002F\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>recruitment videos\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">These are the important, non-urgent activities that can move the needle when enough effort is spent on them. While the benefits are intangible at first, these initiatives typically pay off in time.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Still, if we have to put a number behind it, saving one hour and 15 minutes per vacancy (see above) and multiplying this by an \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.quora.com\u002FWhats-the-average-number-of-hires-for-an-internal-recruiter-per-year\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>average of 180 vacancies\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> for the year, this will lead to 225 hours saved. Based on the \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.glassdoor.co.uk\u002FSalaries\u002Frecruiter-salary-SRCH_KO0,9.htm\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>average recruiter salary in the UK\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> and a 37.5-hour work week, this leads to almost £3,300 saved per year due to time efficiencies alone.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Now, what are some more concrete savings you can expect with an ATS?\u003C\u002Fspan>\u003C\u002Fp>\u003Ch3> \u003C\u002Fh3>\u003Ch3>\u003Cspan style=\"background-color:transparent;color:#434343;\">Lower distribution costs\u003C\u002Fspan>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">The wider reach and time saved with ATS can lead to more effective hiring, thus reducing the need to advertise or rely on agencies to source candidates. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">From our example above, you can reduce that £1,000 ad budget per vacancy by half and use niche, free job boards instead to secure the extra applicants. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">And that higher internal efficiency may save you at least £8,000 if you skip a single recruitment fee based on 20% of a £40,000 salaried employee.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">There are many variables and this may sound like speculation, but lower external recruitment costs can mount up to tens of thousands depending on your hiring needs and current setup. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">In fact, some large employers \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.peerspot.com\u002Farticles\u002Fapplicant-tracking-system-cost\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>pay up to $1 million per year\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> for their ATS which is proof of its value. \u003C\u002Fspan>\u003C\u002Fp>\u003Ch3> \u003C\u002Fh3>\u003Ch3>\u003Cspan style=\"background-color:transparent;color:#434343;\">Decrease spending on third-party tools\u003C\u002Fspan>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">ATS products will often bundle multiple key functions into one central system. This means you won't have to rely on some third-party tools (not to mention managing passwords and switching between them all the time). \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">What are some of these tools? \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">\u003Cstrong>Scheduling apps\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Setting up interviews manually isn't exactly fun. It takes back and forth communication and sometimes leads to clashes or no-shows. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Scheduling apps like \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fcalendly.com\u002F\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>Calendly\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> make this easier but come at a cost (usually in the range of £5 - £10 per month per user). If you have a large recruitment team, this can stack up to hundreds of pounds per year. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">An ATS like SeeMeHired comes with scheduling built in so you don't have to rely on (or pay for) third-party scheduling apps.  \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">\u003Cstrong>Video conferencing tools\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Similarly, a Zoom subscription will cost upwards of £115 per year as of writing this article. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">An ATS with a video interviewing module will not only replace the need for Zoom and other video conferencing tools, but it will also allow you to take notes and see your interview questions on the screen as you talk to a candidate. \u003C\u002Fspan>\u003C\u002Fp>\u003Cfigure class=\"image\">\u003Cimg src=\"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Fimage3_40017addea.png\">\u003C\u002Ffigure>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">\u003Cstrong>Project management software\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">An ATS will often come with a kanban board to track candidate progress and numerous other features like templates, checklists and statistics. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">This means you won't have to pay extra for tools like \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fasana.com\u002F\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>Asana\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> or \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fclickup.com\u002F\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>ClickUp\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> to manage recruitment campaigns, leading to further savings on software tools. \u003C\u002Fspan>\u003C\u002Fp>\u003Ch2> \u003C\u002Fh2>\u003Ch2>\u003Cspan style=\"background-color:transparent;color:#000000;\">Gain new insights\u003C\u002Fspan>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Last but not least, an ATS will automatically collect data about your hiring - such as the dates when candidates applied, when they got hired and other key stats. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">This is usually not practical to collect manually and thus often gets neglected. So an ATS can bring a whole new level of clarity when it comes to hiring and recruitment in your company. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">But how can we quantify these new insights? \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">Even if you improve efficiency by just 10% in total over the whole lifespan of your ATS because of these reports, you will save more than 5 weeks per year for your department as a whole. The monetary value will depend on your total recruitment costs, but we can safely assume it will be in the thousands, even with a relatively small recruitment team. \u003C\u002Fspan>\u003Cbr> \u003C\u002Fp>\u003Ch2>\u003Cspan style=\"background-color:transparent;color:#000000;\">Conclusion\u003C\u002Fspan>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">There is ample evidence that applicant tracking systems can improve recruitment KPIs like time to hire and cost per hire. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">If you're considering an ATS but not sure if it will bring a positive ROI, here's what to keep in mind:\u003C\u002Fspan>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">The number of employees you typically hire over a year - the more you hire, the more value you will extract from an ATS \u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">The price and learning curve - these are the biggest cost factors when adopting a new ATS\u003C\u002Fspan>\u003C\u002Fli>\u003Cli>\u003Cspan style=\"background-color:transparent;color:#000000;\">Your current setup - if you feel overwhelmed by the number of tools, distribution channels, emails and spreadsheets in your day-to-day, an ATS can help your team centralise work in one place. \u003C\u002Fspan>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">We hope this article has given you a better idea of the tangible benefits, cost and time savings of an ATS so you can make an informed decision when evaluating solutions. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color:transparent;color:#000000;\">If you have questions about using an ATS or want to see one in action, our team at SeeMeHired can help. Learn more about our \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fseemehired.com\u002Fproduct\u002F\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>product\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> or book a \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fseemehired.com\u002Fbook-a-demo\u002F\">\u003Cspan style=\"background-color:transparent;color:#1155cc;\">\u003Cu>free consultation\u003C\u002Fu>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"background-color:transparent;color:#000000;\"> to get started. \u003C\u002Fspan>\u003C\u002Fp>\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fseemehired.com\u002Fbook-a-demo\u002F\">\u003Cimg src=\"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002FSee_Me_Hired_demo_cta_6bd461f4db.jpg\">\u003C\u002Fa>\u003C\u002Ffigure>\u003Cp>\u003Cbr> \u003C\u002Fp>","2022-04-15",null,"Discover how an applicant tracking system can improve KPIs like time to hire and cost per hire, including estimates. ","quantifying-the-value-of-an-applicant-tracking-system-(ats)","2022-04-21T09:55:19.991Z","2022-04-21T09:55:14.645Z","2022-04-21T10:10:57.967Z","ATS Benefits - Quantifying the Value of an Applicant Tracking System",false,"HR Tech",[19],{"id":20,"name":21,"alternativeText":21,"caption":22,"width":23,"height":24,"formats":25,"hash":56,"ext":27,"mime":30,"size":57,"url":58,"previewUrl":9,"provider":59,"provider_metadata":9,"created_at":60,"updated_at":61},266,"ats benefits","",1999,1125,{"large":26,"small":35,"medium":42,"thumbnail":49},{"ext":27,"url":28,"hash":29,"mime":30,"name":31,"path":9,"size":32,"width":33,"height":34},".jpg","https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Flarge_image5_6e2e762854.jpg","large_image5_6e2e762854","image\u002Fjpeg","large_image5.jpg",45.1,1000,563,{"ext":27,"url":36,"hash":37,"mime":30,"name":38,"path":9,"size":39,"width":40,"height":41},"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Fsmall_image5_6e2e762854.jpg","small_image5_6e2e762854","small_image5.jpg",15.59,500,281,{"ext":27,"url":43,"hash":44,"mime":30,"name":45,"path":9,"size":46,"width":47,"height":48},"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Fmedium_image5_6e2e762854.jpg","medium_image5_6e2e762854","medium_image5.jpg",28.31,750,422,{"ext":27,"url":50,"hash":51,"mime":30,"name":52,"path":9,"size":53,"width":54,"height":55},"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Fthumbnail_image5_6e2e762854.jpg","thumbnail_image5_6e2e762854","thumbnail_image5.jpg",5.42,245,138,"image5_6e2e762854",112,"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Fimage5_6e2e762854.jpg","aws-s3","2022-04-21T09:50:49.046Z","2022-04-21T09:50:58.933Z",[63,73,82,92],{"id":64,"slug":65,"title":66,"metaTitle":67,"metaDescription":68,"summary":69,"categories":17,"Image":70},107,"a-guide-to-small-business-applicant-tracking-systems","A Guide to Small Business Applicant Tracking Systems","Discover how a small business applicant tracking system can transform your hiring.","Discover how a small business applicant tracking system can transform your hiring. This guide covers features, selection ","Discover how a small business applicant tracking system can transform your hiring",[71],{"url":72},"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Ffeatured_image_6c0b1e00_fca1_4166_8d1d_9bd86248220c_9bac9e5e24.webp",{"id":74,"slug":75,"title":76,"metaTitle":77,"metaDescription":78,"summary":78,"categories":17,"Image":79},98,"what-is-applicant-tracking-system-transform-hiring","What is Applicant Tracking System? Transform Hiring","Understanding Applicant Tracking Systems: Beyond the Basics","Discover what is applicant tracking system and its role in streamlining hiring in the UK. Click to learn more.",[80],{"url":81},"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Ffeatured_image_1d50a60f_d868_49c0_80d0_462152ad5b1a_01b85546a3.webp",{"id":83,"slug":84,"title":85,"metaTitle":86,"metaDescription":87,"summary":88,"categories":17,"Image":89},94,"recruitment-automation-uk:-transform-your-hiring-success","Recruitment Automation UK: Transform Your Hiring Success","recruitment automation","Grasping Recruitment Automation and Its Importance Now","Master recruitment automation with proven strategies that drive real results. Discover how UK companies are transforming their hiring processes today.",[90],{"url":91},"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Ffeatured_image_27b7c411_fcb8_426b_9ebc_8f54a70db1ba_6a80543e17.webp",{"id":93,"slug":94,"title":95,"metaTitle":96,"metaDescription":97,"summary":98,"categories":17,"Image":99},68,"why-seemehired-is-the-best-applicant-tracking-system-for-2024-or-simplify-your-hiring-process","why seemehired is the best applicant tracking system for 2024 or simplify your hiring process","Why SeeMeHired is the Best Applicant Tracking System | Simplify Your Hiring Process","Discover why SeeMeHired stands out as the best applicant tracking system (ATS). From simple onboarding to integrated hiring tools, SeeMeHired makes recruitment easy and effective.","Discover why SeeMeHired stands out as the best applicant tracking system. From simple onboarding to integrated hiring tools, SeeMeHired makes recruitment easy and effective.",[100],{"url":101,"formats":102},"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Fi_Stock_629667248_ab9e97af24.jpg",{"medium":103},{"url":104},"https:\u002F\u002Fsee-me-strapi.s3.eu-west-1.amazonaws.com\u002Fmedium_i_Stock_629667248_ab9e97af24.jpg"]