How to save on recruiting costs

1 - Efficient candidate sourcing
2 - Streamlining your recruitment process
3 - Enhanced collaboration and communication
4 - Improved candidate quality
5 - Analytics and reporting

Recruiting new employees can be a costly process, particularly for businesses operating in the United Kingdom. However, with advancements in technology, companies now have access to powerful tools that can streamline and optimise their hiring procedures.

One such tool is a type of recruitment software called an Applicant Tracking System (ATS), which offers a range of benefits to businesses looking to save money while improving their recruitment outcomes. In this blog post, we will explore how utilising an ATS can help UK-based organisations cut costs and enhance their hiring processes.

Efficient candidate sourcing

Traditional recruitment methods often involve placing job advertisements on various platforms, resulting in significant expenses. With an ATS, businesses can significantly reduce these costs by simplifying the candidate sourcing process. An ATS allows companies to post job openings on multiple job boards and social media platforms simultaneously, reaching a wider pool of candidates without incurring additional costs.

Our simple but smart ATS - JTGO - has a job board marketplace built-in that lets you design an eye-catching, engaging job advert to entice candidates into applying, and then post it to over 5000 recruiting channels with just a couple of clicks!

This means you can send your advert out to a wide pool of job boards, finding jobseekers where they are (rather than where you want them to be!)

Streamlining your recruitment process

Recruitment processes can be time-consuming, involving tasks such as resume screening, interview scheduling, and candidate communications. Perhaps if you're an organisation like a small care home or school, you're bogged down by DBS and right-to-work checks.

By automating these activities through an ATS, businesses can save a significant amount of time and subsequently reduce hiring costs.

An ATS can filter resumes based on specific criteria, shortlisting candidates who match the job requirements, thereby eliminating the need for manual screening. Furthermore, interview scheduling can be streamlined through automated calendar integration, reducing the time spent on back-and-forth communication with candidates. These time-saving features enable HR teams to focus on more strategic aspects of the recruitment process, improving efficiency and ultimately reducing costs.

You can send emails, log calls, make offers, and track the full candidate journey through our system - JTGO, and much of this can be automated so you don't need to worry about all of that manual stuff!

Enhanced collaboration and communication

Collaboration and communication between hiring team members are vital for successful recruitment.

An ATS facilitates streamlined collaboration by providing a centralised platform for all hiring-related activities. Team members can access candidate profiles, review resumes, and provide feedback, ensuring everyone is on the same page.

Additionally, an ATS enables seamless communication with candidates through automated emails and notifications, ensuring timely updates without the need for manual follow-ups. This enhanced collaboration and communication improve overall efficiency, reducing costs associated with delays and miscommunications.

Improved candidate quality

Hiring the right candidate is crucial to minimising costs associated with employee turnover. An ATS can help businesses attract higher-quality candidates by utilising advanced filtering and keyword search functionalities.

By defining specific criteria and keywords, an ATS can identify candidates who possess the necessary skills and experience, significantly reducing the time and effort spent on reviewing unsuitable applications. This targeted approach ensures that only the most qualified candidates move forward in the recruitment process, improving the chances of finding the right fit for the role and reducing the costs associated with a bad hire.

Analytics and reporting

Data-driven decision-making is essential for optimising recruitment strategies. An ATS provides valuable analytics and reporting capabilities, offering insights into key metrics such as time-to-fill, cost-per-hire, and source effectiveness.

By analysing these metrics, businesses can identify bottlenecks in the recruitment process, make data-backed improvements, and allocate resources more efficiently. This enables organisations to continuously refine their recruitment strategies, saving money in the long run by eliminating inefficiencies and maximising the effectiveness of their hiring efforts.

Of course, if you struggle with data analysis, that's where our Talent Intelligence Unit comes into place! This is our team of experts who can help you dig deep into your hiring process, find out where any problems are, and help you improve them.

Recruiting in the UK can be an expensive endeavor, but with the help of an Applicant Tracking System (ATS), businesses can significantly reduce costs while improving recruitment outcomes. By streamlining candidate sourcing, automating time-consuming tasks, facilitating collaboration and communication, improving candidate quality, and leveraging analytics, companies can optimize their hiring processes and achieve substantial savings. Investing in an ATS is a wise decision for UK-based organizations looking to modernize their recruitment practices, enhance efficiency, and save money in the competitive talent market.