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What are the most effective ways to evaluate your ATS's ROI for security and privacy?

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You probably use an applicant tracking system (ATS) to streamline your hiring process and find the best candidates for your organization. But how do you know if your ATS is worth the investment, especially when it comes to security and privacy? In this article, you'll learn some of the most effective ways to evaluate your ATS's return on investment (ROI) for security and privacy, and how to improve it if needed.

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Mateus Moura

Especialista em Departamento Pessoal, Pós-graduado em eSocial, Legisla??o Trabalhista & Adm. de Pessoas, Graduado em…

1 Why security and privacy matter for your ATS

Your ATS stores a lot of sensitive data, such as resumes, contact details, background checks, and assessments. This data is valuable for hackers, who can use it for identity theft, fraud, or blackmail. If your ATS is breached, you could face legal, financial, and reputational consequences, as well as losing the trust of your candidates and employees. Therefore, you need to ensure that your ATS has robust security and privacy features, such as encryption, authentication, authorization, backups, and compliance.

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Mateus Moura

Especialista em Departamento Pessoal, Pós-graduado em eSocial, Legisla??o Trabalhista & Adm. de Pessoas, Graduado em Gest?o de Recursos Humanos e Cursando Ciências Contábeis.
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A importancia da seguran?a e privacidade no seu ATS é inquestionável. Este sistema guarda uma gama significativa de informa??es confidenciais, desde currículos até dados de contato, passando por verifica??es de antecedentes e avalia??es. Esses dados, embora essenciais para o processo de recrutamento, representam um tesouro para hackers em potencial. Imagine o caos se essas informa??es caíssem nas m?os erradas: roubo de identidade, fraudes, chantagens. Os riscos n?o s?o apenas teóricos; s?o tangíveis e podem acarretar em consequências legais, financeiras e, talvez mais importante, reputacionais. Perder a confian?a dos candidatos e funcionários é uma possibilidade real em caso de falha na prote??o desses dados sensíveis.

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Maria Ellen A.

Partner & Jewelry Designer at CHANEL
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The most effective ways to evaluate your ATS's ROI for security and privacy involve conducting regular security audits to assess the system's compliance with relevant regulations and industry standards, such as GDPR or CCPA. Additionally, monitoring data breach incidents and their associated costs, implementing security features like encryption and multi-factor authentication, and tracking the efficiency of privacy measures such as data access controls and user permissions are essential. Calculating ROI can also involve estimating potential costs saved by preventing security breaches and privacy violations, as well as assessing the system's ability to protect sensitive candidate information throughout the recruitment process.

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Khushbu Arya

Senior HR Executive | Talent & People Development | Strategic Planning | Employee Engagement | HRBP | HR Analytics
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To evaluate an Applicant Tracking System's (ATS) ROI for security and privacy, conduct a thorough assessment of data protection measures and compliance with relevant regulations such as GDPR or CCPA. Audit the ATS's security features, including encryption protocols, access controls, & data storage practices, to ensure protection against unauthorized access or breaches. Measure the system's impact on reducing data security incidents & mitigating risks associated with sensitive information handling. Additionally, calculate the cost savings achieved through streamlined recruitment processes, reduced manual errors, & improved candidate experiences. Assess user satisfaction & retention rates to gauge the overall effectiveness & value of the ATS.

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Esraa Hagar

People and Culture Consultant- MENA | Human Resources & Administration Director | Career Coach | SPHRi
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By considering these factors and conducting a comprehensive evaluation, you can assess the ROI of an ATS in terms of security and privacy. This evaluation will help you make informed decisions about selecting, implementing, and maintaining an ATS that aligns with your organization's security and privacy objectives. 1. Security Audits 2. Compliance with Privacy Regulations 3. Data Encryption and Access Controls 4. Incident Response and Data Breach Management 5. Vendor Security Assessments 6. User Training and Awareness 7. Incident and Compliance Reporting 8. Customer Support and Service Level Agreements 9. Cost of Potential Breaches 10. Feedback from Internal Stakeholders

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2 How to measure your ATS's security and privacy ROI

To measure your ATS's security and privacy ROI, you need to compare the costs and benefits of using your ATS. The costs include the initial and ongoing fees for your ATS, as well as any potential risks or losses from a security breach. The benefits include the savings and gains from using your ATS, such as reduced hiring time, improved quality of hire, and enhanced employer brand. You can use a simple formula to calculate your ROI:

ROI = (Benefits - Costs) / Costs x 100%

For example, if your ATS costs $10,000 per year, and it saves you $20,000 in hiring expenses and generates $30,000 in revenue from better hires, your ROI would be:

ROI = ($50,000 - $10,000) / $10,000 x 100% = 400%

This means that for every dollar you spend on your ATS, you get four dollars back.

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Mateus Moura

Especialista em Departamento Pessoal, Pós-graduado em eSocial, Legisla??o Trabalhista & Adm. de Pessoas, Graduado em Gest?o de Recursos Humanos e Cursando Ciências Contábeis.
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A importancia de medir o retorno sobre investimento (ROI) da seguran?a e privacidade do seu Sistema de Rastreamento de Candidatos (ATS) n?o pode ser subestimada. é fundamental entender como os gastos em medidas de seguran?a e privacidade impactam seus resultados financeiros e operacionais. Aqui est?o algumas considera??es pessoais sobre como abordar essa avalia??o. Ao considerar o ROI da seguran?a e privacidade do seu ATS, é crucial analisar os custos envolvidos. Isso inclui n?o apenas os custos diretos associados à implementa??o e manuten??o do ATS, mas também os custos potenciais de uma viola??o de seguran?a. Esses custos podem ser significativos e incluem multas regulatórias, perda de confian?a do cliente e despesas legais.

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3 How to benchmark your ATS's security and privacy ROI

To know if your ATS's security and privacy ROI is good or not, you need to benchmark it against other similar organizations or industry standards. You can use online tools, surveys, reports, or consultants to find out the average or best practices for your sector or size. For example, you can use the SHRM Talent Acquisition Benchmarking Report to compare your hiring metrics with others in your industry or region. You can also use the NIST Cybersecurity Framework to assess your ATS's security maturity and identify gaps or weaknesses.

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Mateus Moura

Especialista em Departamento Pessoal, Pós-graduado em eSocial, Legisla??o Trabalhista & Adm. de Pessoas, Graduado em Gest?o de Recursos Humanos e Cursando Ciências Contábeis.
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Avaliar o retorno sobre o investimento (ROI) em seguran?a e privacidade do seu Sistema de Rastreamento de Candidatos (ATS) é fundamental para garantir que seus recursos estejam sendo utilizados de maneira eficaz. Aqui est?o algumas dicas para avaliar e otimizar o ROI de seguran?a e privacidade do seu ATS. Comece comparando os custos de implementa??o e manuten??o do seu ATS com os benefícios que ele proporciona. Considere n?o apenas os custos diretos, como taxas de licenciamento e manuten??o, mas também os custos indiretos, como tempo e esfor?o gastos na gest?o da seguran?a e privacidade.

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4 How to improve your ATS's security and privacy ROI

If your ATS's security and privacy ROI is lower than expected or desired, there are some steps you can take to improve it. You should review and update your ATS's security and privacy policies and procedures regularly. Additionally, training your staff on how to use your ATS securely and responsibly, as well as monitoring their activities and access levels, is important. It's also wise to audit your ATS's data and delete or anonymize any unnecessary or outdated information. Furthermore, selecting a reliable and reputable ATS provider that offers high-quality security and privacy features and support is ideal. Lastly, testing your ATS's security and privacy performance and resilience regularly and fixing any issues or vulnerabilities is essential.

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Mateus Moura

Especialista em Departamento Pessoal, Pós-graduado em eSocial, Legisla??o Trabalhista & Adm. de Pessoas, Graduado em Gest?o de Recursos Humanos e Cursando Ciências Contábeis.
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Investir em um Sistema de Rastreamento de Candidatos (ATS) é crucial para simplificar o processo de contrata??o e gerenciar eficientemente os dados dos candidatos. Contudo, a seguran?a e a privacidade desses dados s?o aspectos que n?o podem ser negligenciados. Aqui está minha opini?o pessoal sobre como melhorar o ROI de seguran?a e privacidade do seu ATS. Manter políticas e procedimentos de seguran?a e privacidade atualizados é fundamental para garantir a prote??o dos dados do ATS. Uma revis?o periódica dessas políticas ajuda a garantir que estejam alinhadas com as melhores práticas e regulamentos mais recentes. Isso n?o apenas fortalece a seguran?a, mas também demonstra um compromisso contínuo com a prote??o dos dados dos candidatos.

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5 How to communicate your ATS's security and privacy ROI

Once you have evaluated and improved your ATS's security and privacy ROI, you need to communicate it to your stakeholders, such as your management, team, candidates, and customers. You can use different methods and channels, such as reports, dashboards, newsletters, blogs, or social media, to share your results and achievements. You can also use stories, testimonials, or case studies to illustrate how your ATS's security and privacy benefits your organization and its goals. By communicating your ATS's security and privacy ROI, you can demonstrate your value, credibility, and professionalism as an HR professional.

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Mateus Moura

Especialista em Departamento Pessoal, Pós-graduado em eSocial, Legisla??o Trabalhista & Adm. de Pessoas, Graduado em Gest?o de Recursos Humanos e Cursando Ciências Contábeis.
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Comunicar o ROI de seguran?a e privacidade do seu Applicant Tracking System (ATS) é crucial para garantir que todos entendam seu impacto positivo e valor para a organiza??o. Após avaliar e melhorar o desempenho nesses aspectos, é essencial transmitir essas informa??es de maneira clara e eficaz. Antes de come?ar a comunicar o ROI, é importante identificar quem s?o as partes interessadas. Isso pode incluir a gerência, equipe de recrutamento, candidatos e clientes da organiza??o. Cada audiência pode preferir diferentes formas de comunica??o. Alguns podem preferir relatórios detalhados, enquanto outros podem responder melhor a infográficos ou apresenta??es visuais.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What are the most effective ways to evaluate your ATS's ROI for security and privacy?

1

2

3

4

5

6

1 Why security and privacy matter for your ATS

2 How to measure your ATS's security and privacy ROI

3 How to benchmark your ATS's security and privacy ROI

4 How to improve your ATS's security and privacy ROI

5 How to communicate your ATS's security and privacy ROI

6 Here’s what else to consider

Human Resources

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What are the most effective ways to evaluate your ATS's ROI for security and privacy?

1

2

3

4

5

6

1 Why security and privacy matter for your ATS

2 How to measure your ATS's security and privacy ROI

3 How to benchmark your ATS's security and privacy ROI

4 How to improve your ATS's security and privacy ROI

5 How to communicate your ATS's security and privacy ROI

6 Here’s what else to consider

Human Resources

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