The introduction of applicant software in the 1990s drastically transformed the hiring process. In order to retain the top people, it enables businesses to monitor and better organise their recruitment process.

Evolution of Applicant Software

Throughout the past ten years, there has been a significant change in applicant software development. Application processing software was initially created to speed up the hiring process by collecting applications automatically and sorting through them to locate the best prospects. But as the internet expanded and social media emerged, the sophistication of applicant software increased significantly. These days, applicant tracking systems (ATS) may be used to handle the entire hiring process, from posting jobs to matching the top candidates with open positions. Moreover, application tracking software can be used to monitor applicants' progress, give feedback, and even administer online tests to evaluate applicants' qualifications. The hiring process is now quicker, more effective, and more precise thanks to the usage of application software.

ATS systems of the future

According to insights from CAGR, the applicant software market will rise steadily between 2021 and 2026 at a pace of 4.6%, judging by its expanded features and functionality. Businesses will keep incorporating its solutions into their hiring procedures, raising their market value in the upcoming foreseeable future to around $1.5 billion.

Increased resume processing with the production of a more thorough applicant resume is what experts foresee. In addition to having social network integration, future applicant software will imitate it.

Even if the semi-digital applicant software of the 1990s and the early 2000s was much better, there is still room for advancement. Despite the fact that the entire process appears to be error-free, you should choose the best applicant software by carefully taking functions, features, scalability, cost, and company needs into account.

ReadMore: How Applicant Software evolved in the modern workplace