Sales Tracking Software

Applicant Tracking Software

An applicant tracking software application is used to make the electronic handling of job application and recruitment needs possible. It can be used both on small business or enterprise level, depending on the needs and requirements of the company. ATS applications are like the customer relationship management software, except that they are designed mainly for recruitment and job application tracking purposes.
Almost all major corporations and organizations use applicant tracking software to manage resume data and handle job applications. On the business enterprise level, an ATS application may be offered as a functional module to a Human Resource Information System or Human Resources Suite; however, it is now expanding into both small and medium business levels through Software as a Service (SaaS) or Open Source offerings.
The main function of an applicant tracking software application is to provide a central database and location for all the company’s recruitment efforts. It is designed to assist in the management of applicant information and resumes better. It either collects the necessary data from internal applications through its front-end on the company website or extracts them from the applicants through the job boards. Majority of resume and job boards, like Hotjobs, Career Builder, and Monster, have partnered with applicant tracking software providers to easily provide ease of data migration and parsing support from one systems to another.
You should be aware that the functionality of an applicant tracking software is not limited to collection and data mining. The use of this type of tracking software in the recruitment industry also includes the automation of the company’s recruitment process through a defined workflow.
Another great benefit of an applicant tracking software application is the analysis and coordination of all the recruitment efforts, such as managing the company’s conceptual structure, also known as the Human Capital. A company’s specific job board module or career site may be offered to provide great opportunities to the company’s internal candidates before exerting external recruitment efforts. The candidates may easily be identified through preexisting data or via the information collected through other means. These pieces of data are typically stored in the database for easy search and retrieval process.
An applicant tracking software application may also be called the talent management software application. The cost of this type of software can vary depending on the provider. As the data kept and stored within the main software is predominantly personal, it is usually controlled under the data protection legislation. This is done to prevent the data from being freely held offshore.
The first open source applicant tracking software application was launched in 2006 under the modified Mozilla Public License. It was later moved to a new and closed source model in the early 2008 and is now available in SaaS models. However, in the true open source tradition, the users, mainly big companies and organizations have continued using the OpenCATS application themselves.
If you have a large volume of applicants in your company, the best way to track and manage them is through the use of an applicant tracking software application. Try it!