The 21st century is swift and always on the move. The technologies that have emerged in the last 20 years have kept us on our toes. Everyone has got to keep moving as fast as the evolving trends or get left behind. It is the same with searching for a job and sending in an application. What’s more? Even the process of assessing job applications have changed tremendously. Recruiters now depend on Artificial Intelligence; a software known as the Applicant Tracking System.
If you’re in the job market, looking to land that dream job, you should know that there are hundreds, and perhaps thousands like you applying for the same position. It is impossible for a recruiter to read through every single resume or application sent in. And so these recruiters make use of Applicant Tracking Systems (ATS) to ease the processes and lessen the burden on humans. But what exactly is the ATS and how does it work?
Simply put, Applicant Tracking Systems act as a human resource database. The job of the ATS is to sift through a large number of applications, scan through the resume, and organise them in order of relevance to the job. The ATS is simply a software that organisations use to assess applicants’ resumes in a bid to select those that rank high by way of matching keywords relating to skills (soft and hard) and job positions. Some other systems look out for filters; the location of the Applicant and education.
Other Factors to Consider
- According to a 2013 study, 75% of large companies use Applicant Tracking Systems to rank their resumes. And 99% of Fortune 500 Companies use the ATS.
- Majority (over 75%) of resumes do not get to the hands of the human recruiter.
- Only the highest scoring applications are selected by the ATS and passed on to the recruiter.
- On average, a corporate job opening attracts about 250 resumes. Only about six candidates will be invited for an interview and only one will eventually get the job.
Picture this scenario: Microsoft receives an average of 50,000 job applications every week. It would be counterproductive to dedicate human energy and hours sifting through that pile. So what do they do? You guessed right! Applicant Tracking System. It is seamless and saves huge revenue for the company. There are hundreds of ATS softwares out there. Recruiters have a multiplicity of them to choose from. I’ll give you a tip.
There are several other companies that get thousands of resumes weekly, whether in Canada or elsewhere in the world. But the ATS is not just for large organisations. Small businesses with as little as eight employees can save up to $10,000 by using an ATS. That is a big deal.
As a job seeker, it is important you understand how these systems work. As a Canadian job seeker, you must look out for Canadian Applicant Tracking Systems to test and Optimize your resume. Why? That is what Canadian recruiters are likely to use. In subsequent posts, I will take you through what a Canadian Applicant Tracking System is and how you can use it.