Many US organizations rely on ATS resume parser to enhance hiring quality. Thus, as an HR manager, you must understand the importance of this modern software. A deep understanding of resume parsing with applicant tracking systems is the only way to hire top-notch talent for your company. Read this blog to learn more!
The increase in the usage and popularity of the ATS resume parser has transformed recruitment. This modern tool enables organizations to manage and screen thousands of job applications quickly and effectively. The more efficient the ATS software, the higher the chances of finding the most qualified candidates.
That is why all the top business organizations in the United States are adopting resume parsers. If you also want to invest in a resume parser for your business, read this blog! Here, we will provide you with a clear and brief understanding of resume parsers. So, let us dive into the blog and learn more.
What is an ATS resume parser?
An ATS resume parser is a specialized tool that simplifies the resume parsing process and makes it accurate and effective. First, it extracts relevant data from the resumes, such as the candidate’s name, educational qualifications, skills, job title, experience, etc. Second, it converts the extracted data into a standardized format.
The applicant tracking system then reads and analyzes the parsed data to identify ideal candidates based on the extracted information. It only reads a clear and concise resume. On the other hand, resumes that contain tables, complicated fonts, and too large or too small font sizes are more likely to get rejected during the ATS screening.
That is why many job seekers have started to create and submit ATS-friendly resumes while applying for jobs. Only an ATS software-selected resume will catch the recruiter’s eye, while others will not even make it to the interview round.
Why do recruiters need an ATS resume parser?
Recently, recruiters need an ATS resume parser because they can no longer spend days entering, managing, and storing candidate data. Moreover, extracting relevant information from thousands of resumes is challenging for recruiters. Therefore, recruiters have no choice but to adopt a resume parser for their business.
And why not? It is probably the best decision any modern-day recruiter can make. Not only does parsing software for an ATS resume save the recruiter’s time and resources, but it also eliminates the need for manual labor. It is probably the main reason why this automated software is popular among recruiters worldwide.
What are the benefits of using an ATS resume parser?
Did you know? According to the latest reports by Job Scan, 98.8% of Fortune 500 companies trust ATS tools to identify and hire top talent. It shows the importance and significance of resume parsers in today’s technology-driven recruitment market.
Thus, we can say that the ATS resume parser is an essential tool for recruiters that helps them save time and ensure good quality hires. Not only this, but a resume parser brings with it many more benefits. Here are the three main benefits:
- Fast and effective data processing
The main advantage of using an ATS resume parser is its speed and effectiveness. It can help you manage candidate data in the best possible way. It means you no longer have to use ineffective and time-consuming resume parsing methods and tools. Instead, use the applicant tracking software to handle candidate data and avoid wasting time entering resume data manually.
- Increased consistency in parsed data
Organizations receive thousands of job applications during their job openings. With these applications come thousands of resumes. In this case, organizations that rely on an ATS resume parser remain stress-free. The resume parser ensures it extracts candidate data consistency irrespective of the number of resumes received. Thus, you must also consider relying on ATS to satisfy your resume parsing needs.
- Enhanced accuracy and less risk of errors
Finally, using an ATS resume parser can minimize the risk of errors involved in the candidate data entry process. How? You may ask! The resume parser’s design makes it easier for recruiters to collect and organize applicant’s data correctly. Using an automated tool to input and analyze data becomes less risky. Additionally, this specialized tool is easy for you to depend on while maintaining data consistency and integrity.
What are the probable disadvantages of ATS resume parsing?
Now that you know the many benefits of resume parsing, let us now discuss its limitations. Learning about resume parsing challenges will help you better understand resume parsing. Here are some of these challenges:
- Languages are tricky at times, and some words can confuse the software. Thus, sometimes, the ATS resume parser might not provide accurate data because of the language used in the resume.
- Many candidates use creativity, such as graphic styles and elements in their resumes, to impress employers. However, such resumes do not make any impact on the ATS resume parser as the software cannot read formatted data.
- Since there is no specific format to write dates in resumes, the resume parser might fail to read and interpret the date correctly. Mistakes like these can decrease your chances of hiring suitable candidates.
How to find the best ATS resume parser?
Once you have decided to invest in an ATS resume parser, the next step is to begin your search. But do not forget that there is a long list of resume parsers in the USA. Then how will you find the best one for your business? Worry not! Below are some tips that will help you choose the best parsing software:
- Flexibility
A flexible ATS resume parser will act as an all-in-one hiring software. That is because you can use flexible ATS software for multiple purposes and not just for resume parsing. Thus, look for an ATS with many features.
- Integration
Integration is one of the most important things to consider before investing in an ATS resume parser. That is because if your ATS fails to integrate with your current hiring software, you will not be able to access your recruitment data on the new software.
- Accuracy
Choose a resume parser that accurately identifies candidate information and data in resumes. In other words, the software should read and parse things, like candidate skills, experience, accomplishments, and more accurately.
- Efficiency
The resume parser you choose should be highly efficient and quick. By this, we mean that it should handle and manage parsed data in an organized and systematic manner. Moreover, if you find insights and analytics features in the same software, it is like a cherry on the cake.
- Fairness
Your ATS resume parser should give you fair results even if there is a large volume of resumes. It is the best way to ensure that no recruiting team member follows unfair and biased practices throughout recruitment.
Now that you know the factors to consider before choosing a resume parser, the next step is to know what options you have.
Which are the best five ATS resume parsers in the USA?
Here is the list of the top five resume parsing software in the USA that you can consider investing in:
- Pitch N Hire
The ATS system by Pitch N Hire is an all-in-one recruitment software. When we say all in one, we mean that their software can centralize the overall hiring process. As a recruiter, you can invest in this ATS and use it not only for resume parsing but for many other purposes. The best thing about ATS software by Pitch N Hire is that it can give you access to many top-notch features at an affordable price.
- Ducknowl
Ducknowl is a software that goes beyond the traditional hiring methods to help recruiters. It does this by offering its users high-quality video interview resume-parsing features and functionalities. Thus, if your main focus is to make better hiring decisions and hire the best candidates, you should not think twice before investing in Ducknowl.
- Clever Connect
Clever Connect is a French organization that satisfies the need to find top talent for businesses and staffing companies. Besides parsing resumes, this resume parser can also screen candidates with precision. In other words, recruiters can use Clever Connect to ask candidates some predetermined questions related to the role. It is the best way to screen candidates during the interviewing round of the hiring process.
- RChilli
RChilli’s ATS resume parser is popular in the US recruitment market because of its resume data conversion abilities. You can confidently rely on this software for your resume parsing needs. It is because RChilli uses advanced techniques and algorithms like NLP to design its ATS. In addition, RChilli offers a free software trial period to all its clients. You can take advantage of this free trial to test their product.
- Hire EZ
As the name suggests, the Hire EZ resume parser uses AI and machine learning technology to decrease the workload for recruiters from start to end. Not only this! Also, you can rely on Hire EZ software to acquire real-time information, minimize routine hiring issues, and increase candidate involvement. Furthermore, you may link Hire EZ’s resume parser to some job sites in order to obtain hundreds of potential candidates’ resumes.
In the end,
Definitely an ATS resume parser is a crucial instrument for contemporary employers in the coming times. With this tool, recruiters not only can search for appropriate interviewees but also help fill positions within a short time frame. Therefore, with so many advantages on hand, let’s not hesitate anymore and visit the leading features of our ATS software, Pitch N Hire-one of the best ATS systems in the USA
