Employees Are the Backbone of Small Companies
Business Solutions While it's important for any company to be selective in their hiring process, the need to hire well-equipped, reliable talent is most important in the small business sector.
Growing your small business requires getting great people involved from the beginning. Hire high quality talent to get your business off the ground and set the stage for future success.
When it comes to hiring and recruiting, small businesses have many challenges. In order for any company to be successful, having the right people in place is key. Recruiting is important at any firm, but it is even more critical at startups and small businesses, as they struggle to maximize return on staffing investments and are too lean to tolerate subpar performers. Every hire counts and a single bad hire can result in extra costs to the business.
Traditionally, it was believed that applicant tracking systems (ATS) and HR technology only benefited large companies. Well, the industry has changed and technological advances have made applicant tracking systems feasible, affordable and necessary for small businesses and startup companies.
Long gone are the days when email folders, spreadsheets and filing cabinets were considered viable systems for recruiting high-quality talent. With nearly 28 million small businesses in the U.S., the war for top talent is becoming increasingly competitive and losing qualified candidates in paper piles isn’t acceptable anymore. This is where an HR technology can help.
"With nearly 28 million small businesses in the U.S., the war for top talent is becoming increasingly competitive and losing qualified candidates in paper piles isn’t acceptable anymore."
How small businesses benefit from an ATS
Many small businesses often hesitate to invest in new HR software because it can be difficult to quantify the benefits received from automating many processes.
Large firms have well-known products and a well-established employment that makes it easier to attract the very best applicants. Many startups and small businesses have little to no name recognition, possibly no dedicated recruiters and an informal recruiting process, which can make growing your business and attracting top talent a bigger challenge. With HR technology, you can leverage branded career portals that match your company’s website to show off your culture, growth opportunities, and employee benefits.
Attracting candidates and collecting resumes is only half the battle! Many employers spend a significant amount of time manually sifting through resumes, screening and interviewing dozens and sometimes hundreds of applicants. As a result, employers must question how many high-caliber applicants have been overlooked. As a solution, employers can use applicant tracking systems to pre-screen and identify qualified candidates quickly and easily.
Build candidate talent pools
With a database of resumes collected through your ATS, you’ll have access to candidates when you need to fill current positions or new positions. Companies that focus on actively recruiting are considered the strongest and most viable, but building an effective pipeline to sustain such an effort goes beyond collecting and managing resumes.
Applicant tracking systems allow for automatic collection and storage of a broad range of applicant-related information, making it easy to track and report data in compliance with federal regulations. If your company is selected for an audit, you will have the ability to easily build comprehensive reports based on any information stored in the system.