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Definition: Application Tracking System
Application tracking system is a software application designed to manage the recruitment within a company. ATS is primarily used to provide a one point solution as well as central repository of recruitment related data for a company.Some of the functions of ATS are posting job openings on the company’s website, acquiring and managing data from the resumes, screening resume based on job-person fit, sending interview emails to the shortlisted candidates, etc. This application saves a lot of time of the individuals in managing the huge database, entering the data into the database, sorting, matching profiles, etc further reducing the time required for hiring an individual by the company. Reduction in time leads to reduction hiring costs. Other benefits include streamlining the entire hiring process, paperless process, automating the entire process, creating a database for future recruitment needs. These days a lot of small and medium size companies are using this ATS software. They are also known as Talent Management System.