How Applicant Tracking Systems Benefit Recruiters and Job Seekers Alike
An Applicant Tracking System (ATS) is not just another software in the stack — it’s a critical component in the arsenal of recruiters, staffing agencies, and enterprise organizations. As we dive into the era of digital transformation, it becomes exceptionally clear that the right ATS can be a game-changer for both recruiters and job seekers. At Loxo, our ATS isn’t just about tracking; it’s about intelligently bridging the gap between recruiters and the ideal candidates they seek.
What is an Applicant Tracking System?
Applicant Tracking Systems (ATS) are systems designed to simplify the hiring process. But not all systems are created equal. While traditional ATS systems often focus solely on sorting and storing applications, Loxo's Talent Intelligence Platform integrates this functionality with the rest of your recruitment workflow. This all-in-one approach ensures that nothing slips through the cracks, providing recruiters with a seamless tool for managing resumes, applications, and communication.For job seekers, this means their applications are more likely to be carefully considered and possibly matched to other opportunities best fit for their careers. In an industry where 58% of candidates say they’ve been ghosted by employers, a well-utilized ATS can make all the difference.
How does it work?
Our ATS system begins working from the moment a job is posted. It attracts candidates that fill out their application online. Loxo's advanced algorithms kick in to scan, parse, and rank resumes. Based on key criteria and keywords, our system provides recruiters with a curated list of top candidates, skillfully bypassing those unfit for the role. This step-by-step precision not only aids recruiters in managing high volumes but also ensures that candidates aren’t left in the lurch.
Why are they important for recruiters?
Automated processes not only speed up recruitment but dramatically reduce overhead costs and the margin of error in hiring. Our ATS software is fully compliant with EEOC requirements, helping recruiters maintain fair hiring practices. By providing data-driven insights, Loxo provides a way for recruitment teams to refine strategies, better evaluate KPIs, and optimize talent acquisition.
Why are they important for job seekers?
Increased visibility to employers is a primary benefit candidates experience when building their profile in Loxo. Our recent data shows that candidates who optimize their profiles for our ATS experience a 30% increase in contact from recruiters. Loxo bridges this gap by allowing job seekers to easily navigate their applications, track their status, and maintain a line of communication with hiring managers — ensuring that candidates feel valued and informed throughout their hiring journey.By optimizing their resumes or CVs according to ATS requirements, applicants can increase their chances of making it past the initial screening process.Here are some ways that job seekers can optimize their resumes for ATS:
- Use keywords from the job posting
- Avoid using fancy formatting and stick to a simple layout
- Save your resume as a Word document or PDF
However, it's important to note that the use of an applicant tracking system may also have a negative impact on candidate experience.While these software programs aim to streamline the hiring process, they may also come with certain disadvantages such as lack of personal interaction during initial screenings. This is in large part because these ATSs are disconnected from the rest of the hiring process, allowing a lot of information and touchpoints to slip through the cracks.That's part of why Loxo was built with a recruiter's entire workflow in mind — so that candidate engagement can be the true priority. ...Because that's kind of the whole point, right?
Behold the Loxo benefit
Saved time and reduced costs
Hiring teams and recruiters save time by eliminating menial administrative tasks. Through the power of automation, Loxo frees up resources, reducing the time and cost per hire. In fact, users of our platform have reported a decrease in hiring times by 40%, ultimately lowering costs and increasing productivity.
Easier collaboration
Data from our customers show that the Loxo ATS helped them collaborate more effectively with hiring teams. Our centralized database provides easy access to candidate profiles, facilitating better team communication and expediting the hiring process.
Improved candidate experience
Providing a positive candidate experience is crucial for attracting top talent. Loxo's Talent Intelligence Platform ensures candidate engagement gets the time and care it deserves, by automating the more menail tasks of your workflow.Faster response times mean that candidates receive timely updates on their application status. Mobile accessibility allows you to get in touch with candidates at any time. Enhanced communication and reporting tools enable recruiters to keep candidates informed throughout the hiring process.
Benefits of Loxo's Applicant Tracking System for job seekers
Greater visibility, personalized job recommendations, and a simplified application process are the hallmarks of our ATS. Job seekers appreciate the 65% reduction in application time we offer compared to other platforms, leading to a more satisfactory job-seeking experience.
Takeaway
In a landscape where 67% of job seekers say a poor experience would make them likely to leave a negative review about the company online, using an integrated and sensitive tool like the Loxo ATS can improve both the recruiter and candidate experience. It’s not just about managing applicants, it’s about engaging human connections that translate into successful hirings and fruitful careers.Invest in Loxo’s Talent Intelligence Platform — where technology meets the intelligence of human interaction.