30+ ATS Statistics & Trends Unleashed [2024]

December 11, 2023 0 Comments

What’s the secret to streamlined hiring?

Ever wondered how top companies hire efficiently?

75% of recruiters and hiring managers use applicant tracking systems during the recruitment process to facilitate the hiring process.

78.5% of ATS has added value to their organizations as it increased the quality of their hiring.

What the fuss is all about?

Let’s find out by revealing stats and trends on Applicant Tracking System (ATS) statistics that will elevate your recruitment game.

Top ATS Statistics: Editor’s Pick

new employees hired via ATS have 40% lower turnover rates
  1. 94% of ATS users admitted that their applicant tracking system has improved their hiring. [2]
  2. 70% of workers agree that ATS sourcing automation has increased their productivity. [7]
  3. Small businesses can save up to $10k by utilizing ATS. [9]
  4. 80% of the candidates prefer involving a hiring manager rather than going through the applicant tracking system. [16]
  5. 79% of organizations utilize AI integration. [12]
  6. 73% of organizations increased their investments in talent acquisition technology in 2022. [1]
  7. 20% of organizations plan to start using ATS with AI in the next five years. [12]

Benefits of Applicant Tracking System

Applicant Tracking System (ATS)- a hiring software used by 98% of Fortune 500 and 75% of recruiters to automate, streamline, and optimize the recruiting process. [1]

New hires hired via ATS have 40% lower turnover rates. [4]

69% of applicants won’t take a job if the company is unresponsive, this problem is effectively solved by applicant tracking systems, as they enable automotive communication with potential candidates. [15]

ATS for Hiring Talent

70% of companies who invested in ATS had a purpose of increasing the quality of hires. [1]

94% of ATS users admitted that their applicant tracking system has improved their hiring. [2]

78.5% of ATS has added value to their organizations as it increased the quality of their hiring. [3]

According to the World Economic Forum, companies can increase their profit by $5,303 for hiring a good performer, and also save $12,489 by avoiding a toxic hire. [5]

ATS Save Time and Money

Saving time and money go hand in hand. As they say, “Time is Money”.

ATS is helping companies save both time and money. 

Recruiting costs an average employer about $4k and 24 days to find and hire new employees. [5]

86% of ATS users have reduced their time to hire and speed of hiring. [4]

ATS users fill job vacancies 20% faster than those who don’t use them. [3]

According to LinkedIn statistics, the cycle of hiring has been reduced by 60%. [7

70% of workers agree that ATS sourcing automation has increased their productivity. [7]

Employee turnover costs trillions of dollars every year, ATS helps us decrease the churn and increase retention. [8]

Small businesses can save up to $10k by utilizing ATS. [9]

Companies that use advanced analytics with their ATS have 56% greater revenue than others. [10

Applicant Tracking System for Applicants

75% of candidates are rejected by ATS because the system can't read the resume correctly

Can recruiters and applicants put 100% trust in applicant tracking systems?

75% of qualified candidates are rejected by ATS because the system can’t read the resume correctly. [9] ATS often rejects applications and talented candidates because of silly reasons like the use of the wrong file format, like .doc, .txt, .pdf, and keywords. 

80% of the candidates prefer involving a hiring manager rather than going through the applicant tracking system. [16]

40% of candidates want to contact the HR through the company website or other references, even after applying through an online form. [16]

64% of applicants agreed that they won’t spend more than 15 minutes filling out an online job application. [16]

Resume length does not matter as the ATS look for keywords, but if the resume is fluff, it will still be rejected by the recruiter. 

Applicant Tracking System for Recruiters

75% of recruiters and hiring managers use applicant tracking systems during the recruitment process to facilitate the hiring process. [2]

5% of HR professionals do not like using application tracking systems and 1% feel neutral towards using ATS. [2]

Here we have reviewed the recruiter’s opinion on ATS:

OpinionPercentage of Recruiters
ATS helped in recruitment94%
Do not like ATS for hiring5%
Neutral1%

Applicant Tracking System and AI

Are Applicant Tracking Systems welcoming AI?

Yes! AI is becoming a part of our working systems, and ATSs are not an exception.

50% of employees utilize AI in some capacity for their work, with 88% of businesses worldwide using AI for hiring. [11]

20% of organizations plan to start using ATS with AI in the next five years. [12]

79% of organizations utilize AI integration. [12]

62% of hiring managers believe that generative AI helps them in finding the most suitable candidate. [13]

80% of HR professionals have considered using generative AI in recruiting. [13]

71% of Americans do not support the decision of using AI in making final hiring decisions. [14]

However, when people get to know AI and their knowledge in the field expands, they support AI, as 43% of Americans who know about AI support its usage in the recruiting process. [14]

71% of Americans do not support the decision of using AI in making final hiring decisions

Is Applicant Tracking System a Good Investment?

Should you invest in an Applicant Tracking System in 2024? 

What statistics suggested, is a big yes!!

68% of recruiting professionals believe that the best way to improve the recruiting process is by investing in newer technology. [7]

As 52% of small businesses admitted hiring suitable talent is one of the biggest problems they face, they are comfortable switching to ATS. [15]

The ATS market is growing and is expected to grow to $3.4 billion by 2026. [1]

73% of organizations increased their investments in talent acquisition technology in 2022. [1]

FAQs

What are Applicant Tracking Systems?

Application Tracking System, ATS is a software used by organizations to screen resumes and potential candidates for different job roles. 

It is an essential part of the hiring process as it saves recruiters from the tiring task and also filters out suitable candidates faster, saving time and money.

What are Applicant Tracking System statistics for companies?

Companies that use ATS for hiring have a 40% less turnover rate for new hires. Recruiters admit that ATS enables 20% faster filling job applications in the company which increases the effectiveness of the company. 

ATS helps save about $10k for small businesses and millions of dollars for big companies per year.  

What are the major benefits of ATS?

ATS helps companies automate the tiring task of resume screening and candidate assessment. It saves time and money in the recruiting process. ATS keeps track of all recruitment data and candidate progress.

ATS identifies top talent with relevant keywords and expertise in managing and improving candidate experience. 

WrapUp

Application Tracking System (ATS) has solved many problems for recruiters like saving them from the lengthy and boring task of going through hundreds of irrelevant applications and filtering out a few potential candidates. 

This has resulted in hiring quality candidates in less time, saving time, money, and resources for the company.  Though some companies do not support ATS and its integration with AI, 43% of Americans who know about AI support its integration with ATS in the recruiting process.

However, statistics suggest that ATS  still needs some improvements to filter out efficient candidates.

Sources

  1. Apptituderesearch. 2023 Talent Acquisition Technology 
  2. Capterra. Impact of recruiting software on businesses
  3. GetApp. Recruitment Strategies Report: Invest in Employee Referrals and Promote Your Brand Better
  4. Legacy,bersin. Factbook web final
  5. World Economic Forum. How much are toxic workers costing your company?
  6. Glassdoor. How To Calculate Cost-Per-Hire
  7. LinkedIn. Top 100 Hiring Statistics for 2022
  8. Gallup. This Fixable Problem Costs U.S. Businesses $1 Trillion
  9. GetFive. Eye-Opening Facts You Must Know About Applicant Tracking Systems (ATS)
  10. Minsk. https://advocacy.shrm.org/SHRM-2022-Automation-AI-Research.pdf
  11. Oracle. AI in human resources
  12. SHRM. Automation & AI in HR
  13. HRD. Mixed feelings: HR unsure of merits of AI in recruitment
  14. Pew Research Center. Americans’ views on the use of AI in hiring
  15. Workforce Hub. Small Business Hiring With an Applicant Tracking System
  16. Business News Daily. 4 Things Job Seekers Hate About Online Applications

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