Vareto Finance Glossary

Applicant Tracking System (ATS)

Description

ATS is a software solution that can manage the entire hiring and recruitment process for a company. It helps speed up candidate management and significantly reduces the time to fill a position. ATS encompasses all parts of the recruitment activity, right from posting the job to offering the job.

Example

Greenhouse, Zoho, Lever

Why it matters

Since talent hiring is critical for any growing business, a software solution like ATS can manage the entire process to ensure successful hiring. It can also be used in the FP&A process as it offers insights into how successful hiring has been in the past and what is the anticipated rate of hiring as per current job postings. As new employees are hired, this system can be used for headcount reconciliation within a financial plan.