HR Revolution

Application Tracking Software

As we are entering a new era of evolution, automation has been observed in almost all walks of life. It has over-taken not only the spheres where it is visibly in action but also has become the backbone of operations that are not obvious to the public at large. One such evolutionary technology that is slowly

Picking up pace to come to the forefront is the Applicant Tracking System (ATS). This feature has revolutionized the hiring process right from identifying the hiring needs to the onboarding of the new recruits.

An Applicant Tracking System is a software application that helps carry out the entire recruitment and hiring process. The contemporary hiring sector where the number of job seekers is always much more than the number of jobs available, requires a system like ATS. Sorting out suitable applicants from the vast collection is the first significant, and time-consuming task HR managers have to deal with. An

Applicant Tracking System can do this task within a fraction of seconds. This software has proved to be useful for industries of all sizes. Especially in India, where the picking up economy has a high employment rate.

However, the concept of an Applicant Tracking System is not new. It was created in the late 1990s, and since then, it has only grown in popularity. According to research by Jobs can, 98% of Fortune 500 companies use an Applicant Tracking System. Another survey by KellyOCG suggests that 66% of large companies and 35% of small organizations rely on recruitment software.

One of the fundamental reasons for the growth and big user-base of this software is because of Globalization.

As the governments of various countries are always making an effort to have an integrated market system, the exchange of labor and resources becomes easily accessible but bigger to process.

Globalization has become synonymous to greater employment opportunities. This in turn, meant the increased workload of the HR team in every set-up. That is where the ATS technology comes into play. This technology ensures a smooth hiring function of firms.

The second reason for the growth of this software usage, is the COVID-19 pandemic. During the pandemic, everything was shifted online, from nursery schools’ classes to cabinet meetings. This catalyzed the need for digitalization at a very quick pace which also required efficiency. The HR team of every organization started resorting to the ATS.

From 2020, ATS has seen an exponential growth. Companies have started using it and a new sector is coming up where market is for the ATS software. This sector is not temporary because such a software will only grow in use. Companies like Apple and Google have their own ATS. However, many start-ups have started emerging in this sector. One significant company is RecruitNXT from India.

The market competition of these companies will be an interesting one. As the world in diving into more technology-based discoveries, the global economy has reached the epitome of inventions. The irreversible change of ATS will be a one to invest in and look out for.