Everyone needs automation in their industry and businesses to avoid manual bias and errors. The Applicant Tracking System Software is such a tool that is gaining massive popularity across government sectors and enterprises due to the need for automation of recruitment activities.
According to one of the most popular market research and reporting website i.e (marketsandmarkets) – it’s been reported that Applicant Tracking System (ATS) market size is expected to grow from $1.08 Billion to $1.81 Billion by 2023 at a CAGR of 8.3%.
Other Applicant Tracking Software you should also be aware of the Best AI Software Companies Revolutionizing Recruitment.
ATS stands for Applicant Tracking System Software. It is a centralized tool where human resources teams can collaborate, manage candidate sourcing, evaluation, and hiring process. Companies can track each part of the hiring process right from start to finish.
Due to the ever-increasing number of job applicants, Human resource (HR) professionals in today’s businesses need to cover a lot of ground and also make sure to hire only the right candidates. There are a number of sources for hiring candidates such as professional recruiters, an increasing number of job websites, and social media platforms like Glassdoor, Linkedin, etc.
Having a wide range of sources, mining for the best ones seems difficult and overwhelming at the same time. Handling and managing data from all these sources can seriously attract inconsistency and non-efficient hiring. That’s where ATS comes into the picture. ATS helps you narrow down your search results while keeping all the relevant information in hand and help you to identify the best talent for the organization.
Choosing the right ATS tool is as important as the right candidate. After all, you put in a lot of hard work, and time yet all can go to waste if your Applicant Tracking System Software is too burdensome for candidates and your recruiting team. So to help you make a good decision – here are some of the critical points you should always consider before making the buy;
Buying new Applicant Tracking System Software is really hard and hectic process and it’s especially true when you’re moving to a new solution from the old one. We have put a lot of hard work and time in researching the best ATS tools and based on that we have drafted the list of the top 5 best ones for every business.
iCIMS is an industry-leading recruitment software platform that helps to speed up the recruitment process with the right candidates and retaining them longer with the right onboarding solutions. iCIMS is the perfect platform to make the hiring process effective as it empowers organizations to hire advance and right talents that build a diverse winning workforce.
With transformations for a community of over 4000 customers, iCIMS is playing a huge role and acting as the biggest factor in speeding up companies' development. Including a third of fortune 100 companies, the spread of iCIMS is even higher and it is recognized as the best ATS platform employing 30 Million people worldwide.
Funding: $92.6 Million
Top Clients: RPM Pizza, Northstar, Southeastern Grocers
Revenue: $280 Million
Major Investor: Vista Equity Partners, Susquehanna Growth Equity
Funding Round: Private Equity Round
Pricing: Standard Plan Starts fro $299 per month
Bullhorn is primarily a cloud-based recruitment software and well known for recruiting and staffing processes. Being mobile-friendly Bullhorn ATS allows capturing data and customer insights with powerful most up-to-date information at the user’s fingertips.
Bullhorn has won customer satisfaction with their powerful cloud-based solutions and now they serve more than 350,000 users and 10,000 clients. Bullhorn ATS software is used by some of the world’s most prominent business enterprises to help them scale and automate their recruitment process.
Funding: $32.1 Million
Top Clients: Manpower, Randstad, Freshminds
Revenue: $210 Million
Major Investor: Stone Point Capital, Highland Capital Partners
Funding Round: Private Equity Round
Pricing: Starts from $99 per user per month
The greenhouse is a complete package of software and services – helping businesses around the globe to make their hiring process faster and effective than ever. The greenhouse is committed to the relentless pursuit of better hiring and it has helped more than 4000 companies on their journey to become great at hiring.
A greenhouse gives you the ultimate support and guidance throughout the hiring journey by providing the right technology and support. The greenhouse is best for mid-sized and enterprise companies to lift up their hiring and recruitment process.
Funding: $110.1 Million
Top Clients: Airbnb, BuzzFeed, Casper
Revenue: $64 Million
Major Investor: Riverwood Capital, Thrive Capital
Funding Round: Series D
Pricing: Free demo
Pricing starts with the Essential version on a per-employee basis
Workable was founded in 2012 and it is one of the biggest hiring platforms. Workable provides hiring teams and in-house recruiters to help them work together to identify and spot the best talents for the company.
Since 2012, workable has helped more than 20,000 companies to hire more than 1 Million candidates. Workable’s AI-Powered tools and automated features simplify decision-making and streamline the hiring process.
Funding: $84.2 Million
Top Clients: Founder, HireVue, Lyst, Moodle
Revenue: $57 Million
Major Investor: Balderton Capital, Zouk Capital, OpenFund
Funding Round: Series C
Pricing: You can request for a free demo
Alternatively Workable offers 15 days free trial
Workable Pricing starts at $99 per month
SmartRecruiters was founded in 2010 and it is an end-to-end recruiting platform to identify, engage, and hire the best talents. It is built on a modern cloud platform with full functionality for recruitment marketing and collaborative hiring. Moreover, it’s an open marketplace for third-party recruitment services.
SmartRecruiter’s comprehensive marketing and recruitment tools help you to experience robust application tracking with collaboration tools for attracting and hiring the right fit for your organization.
Funding: $115 Million
Top Clients: Gameloft, Linkedin, VISA
Revenue: $38 Million
Major Investor: Insight Partners, Counterview Capital
Funding Round: Series D
Pricing: Provides a free trial
Core product starts from $10,000 annually
Implementing one of the best Applicant Tracking Software can definitely bring innumerable advantages to the business. It will allow recruiters to supercharge their efforts and also enjoy the overall process. ATS is getting even better with the introduction of new tools such as CRM Software, better analytics, etc.
That’s said, it’s complicated to figure out the best one out of the other 100 vendors out there. Take time to analyze and study the company’s goals you’re trying to accomplish with a new ATS, and then explore the free demo of the ATS before finalizing it.