As we enter a new decade, it’s fun to reflect on how hiring has changed over the past 10 years. Especially after the eruption of COVID-19, things have drastically changed in the recruitment industry. Things have now normalized, India's IT industry is expected to hire between 160,000 and 200,000 freshers in the ongoing fiscal year, the highest in recent years as they see a very high demand for projects from companies looking to invest in technology to transform their businesses.
The job portal usage continues to face ups and downs. Few players are faded to the background and the new rise of job posting is started on the social media platforms. Hence this means that there are new sources of getting the applicants now.
A rapidly growing number of small and medium-sized businesses are making the smart decision to save themselves time and money by using an applicant tracking system to manage their recruiting process. The recruiters post their jobs on online job boards in order to find the candidates. But, if you are new to the world of recruiting software, you may be asking yourself, “What is the difference between an applicant tracking system and a job board?”
A job board is a marketplace where are recruiters and the candidates come together whereas ATS is software that is used to manage the complete recruitment process.
Every recruiter uses the Job Board but is that enough, ask yourself these key questions
Can the job board manage my hiring process? Job boards are designed to find applicants. Applicant Tracking Systems (ATS) are designed to move those applicants through your hiring process. A ‘one size fits all’ workflow may not be best for your organization if you have a high hiring volume.
How will the applicant data flow into our other systems? The HR documentation is the complex part of the recruitment process, how the data captured in an ATS will be shared with the BGV vendor. What about your HRMS? Redundant data entry is frustrating and expensive, If you’re only using a job board, be sure to have a separate system in place to gather critical employee paperwork to maintain compliance.
Will I get the correct information, I need to make the right hire? The ‘easy apply’ trend has been fantastic for job seekers who can apply to multiple jobs in short order, but often employers need more info. Can the job board collect your entire application?
Is it possible to get the right candidates needed to make a hire from a single job board? The data displays that different job portals attract different pools of candidates. You must review your hiring data to see which job portal gives you the best quality candidates for hiring?
A couple of job boards work well in rural markets while others do well in big cities. The difference occurs based on the industry as well. One single job board cannot be perfect for all industries and markets, it’s the same as that there is no singular hiring process for all organizations.
You need to partner with solution providers who diversify your applicant pool while helping you make the right hire for your organization.
Incorporating an ATS into your recruitment workflow will save you a significant amount of time and money. When you use your applicant tracking system to display your open jobs to online job boards, you’re effectively using two great online tools and combining them to boost your recruiting strategy.