Finest applicant monitoring software program

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Here's a business cliché for you: Employees are any company's greatest asset.

This is exactly why recruiting for HRs or recruiters is so challenging. The process is quite complex and includes several steps, ranging from the job posting to the administration and optimization of applications.

Let's talk about statistics:

A job advertisement for companies receives 250 résumés on average. And even after that 45% of employers say they can't find candidates with the skills they need.

With the high influx of résumés, it is vital for HR specialists to be more efficient in getting to our closest employees only takes six seconds to evaluate the applicant's résumé.

Now six seconds is not necessarily enough for recruiters to make the right decision every time, especially since every company has unique recruiting needs.

At the same time, technology is changing the way we did things manually. That's why we now have a tool to automate the recruiting and hiring process.

One Applicant tracking software, also known as ATS software, can help companies reach a larger pool of qualified applicants and manage data from multiple sources – all on a single platform.

This software is used by departments and hiring managers to make internal adjustments. Third parties such as recruitment and recruitment agencies also use an ATS.

According to the research results:

86% of recruiting professionals agree that using ATS software has speeded up their hiring process
78% of recruiting professionals found that using ATS software gives them access to more highly qualified candidates

So adding top talent no longer has to be time consuming and problematic.

This guide introduces the best applicant tracking software on the market that can help a company recruit the most suitable applicant for the job with minimal effort.

The top 5 options for applicant tracking software

BambooHR – anchor link to subheading below
Bullhorn – anchor link to subhead below
SAP SuccessFactors – anchor link to subheading below
Workable – anchor link to subheading below
JazzHR – anchor link to subheading below

How to choose the best applicant tracking software for your needs

Every company has specific requirements for recruiting and tracking applicants, depending on certain factors such as size, niche, etc.

This also means that no ATS software offers a uniform solution.

However, there are a few pointers you can use to determine the best applicant tracking software for your needs. Read on as we discuss them in more detail below.

ATS software type

Each ATS software has been specially developed for specific requirements.

You see, while some software is designed for higher volume recruiting, which is typically done by businesses, some are specifically designed for small businesses.

Similarly, you can also find software that is tailored to meet the needs of recruitment and recruiting agencies.

We'll do a more in-depth evaluation of the different types of applicant tracking software later in this article. (Anchor link to H2 below)

Hiring frequency and volume

A company that hires around 20 people a year does not have the same requirements as a company that hires 20 people a month. You need to find software that suits your hiring frequency and volume.

In general, the ATS software has a maximum limit or restriction on the number of active openings you can have at the same time. Additionally, most brands offer additional features and tools to help companies efficiently manage large-scale recruitment, which is understandably far more difficult to manage.

How do you find software that is right for your business?

Ask yourself the following questions:

How often does your company hire new employees?
How many employees do you hire on average at the same time? Is the volume high or low?

These two questions will help you sort out software that doesn't immediately meet your needs.

Function list

Most ATS programs offer additional features to increase the efficiency of your recruiting strategy. This can include candidate procurement, applicant tracking, employee onboarding, recruitment analysis, and workforce planning.

Your goal should be to select software that will meet your recruiting needs in terms of efficiency and scalability. For example, small businesses can opt for cloud-based ATS software, which is less expensive and does not require an on-site technical support team.

In contrast, large companies don't need to move to the cloud because they have a higher budget and can afford an in-house support team to accommodate their higher hiring frequency.

budget

Every company has a budget for different processes. Whether it is marketing or recruiting, teams must work within the constraints.

Try to find applicant tracking software that fits your budget while also helping you improve your company's efficiency.

The good news here is that you have several options.

You can find software that costs less than $ 0.50 per employee – assuming you choose an add-on to HR software – and plans with a monthly fee of $ 249.

What are the different types of applicant tracking software?

The different ATS types are compared here.

Small Business vs. Midsize Business vs. Enterprise Business

Small business buyers are between 1 and 50 employees. In general, there is no human resources and recruiting initiatives department in this category.

On the other hand, medium-sized company buyers and company buyers have employees between 51 and 500 or over 500 employees. While the former is heading towards rapid growth, the latter is more developed. In addition, medium-sized companies often look for an in-house recruiter, while corporate buyers already have a hiring team and their own IT department.

The recruitment frequency and volume for each of these companies are obviously different.

For example, recruitment agencies would do well with software plans that provide them with sourcing, tracking, and hiring. For companies, however, the setting may need to be adjusted further.

For larger companies, it is better to go for plans that allow them to customize their career pages and employee referral portals, followed by pre-screening reviews, electronic signature and background checking, and finally HRMS integration.

In-house recruiting vs. Recruiting Agency

Some applicant tracking system software is designed for in-house recruiting to allow for greater personalization and automation. Other software focuses on serving with recruitment agencies and firms with scalability for large volume and white labeling to attract clients.

While you can also find ATS software that has functionality for both groups, it is better to find one that works for your business.

All-in-on option compared to the availability of special tools

Different companies need different add-ons depending on the hiring process. While most ATS programs come with additional specialized tools like SEO, Payroll, Human Resources, and CRM, some don't.

SEO tools are useful for all businesses as they make job advertisements more successful. Companies can not only expand their reach, but also attract new candidates for their career site.

Similarly, CRM capabilities are an essential component of inbound recruiting, enabling companies to track long-term candidates and build their talent pool.

Core applicant tracking versus fully supporting the recruitment cycle

You will find two types of ATS products: one that focuses solely on tracking the applicant's application documents and two that support other aspects of the recruiting lifecycle.

You can also distinguish the software using function lists. Interviews, signing and document management, notes, planning and integration are some common differentiators.

After extensive research and demos, we can recommend the following five applicant tracking software to transform the way your company recruits and hires people.

Read on as we explain each software's features, benefits, and pricing below:

# 1: BambooHR – The best general applicant tracking software

BambooHR offers your HR department the ultimate solution for recruiting and company onboarding. While this might not be the cheapest option, you get features that are more than worth the investment.

BambooHR's ATS system offers ideal solutions for small and medium-sized businesses. It has a well organized and visually appealing set of tools for handling application information at every stage of the hiring process.

BambooHR lets you post job vacancies on the go. You have access to top talent from the leading job boards and sites like LinkedIn, Facebook, Indeed and Twitter – all at your fingertips. The software has a rental mobile app that is available for both Android and iOS.

Sending offer letters directly from within the platform, as well as working with your team on recruiting, sending automated notifications, etc. is also possible.

In addition, because BambooHR is complete human resources management software, you can manage your new employees for the life of your company.

Outstanding features

User friendly
Streamlined processes that are easy to learn and simple pre-boarding and onboarding functions
Customizable email templates
Automated email system
Message scheduling for multiple candidates
Job boards and social media integration

Pricing

BambooHR offers two packages: Essentials and Advantage.

While both packages are feature rich, the ATS isn't available with the Essentials plan. So if you want applicant tracking, you need to get the benefit plan. Note that if all you want is ATS, this software may not be the best solution for your business.

Unfortunately, BambooHR does not offer pricing on its website. If you want a free quote, you need to contact them.

benefits

Impressive design
Easy to set up
Open API that enables easy integration with HR technology providers
Provides a complete solution for HR departments

disadvantage

Expensive
The ATS software is not available with the entry plan

# 2: Bullhorn – The Best Applicant Tracking Software for Large Businesses

Bullhorn is a powerful, easy-to-use applicant tracking system that allows you to tweak all settings through a single interface, which can be either a desktop, mobile device, or any internet browser. In fact, it is a bespoke solution for staffing companies and dealers.

The software allows you to track candidates throughout the recruiting process and initiate team member collaboration.

With Bullhorn you can fill orders and automate the onboarding process. It offers more than 100 pre-integrated solutions for adapting the software to specific requirements. It is also possible to calculate invoices for time recording and invoicing.

All in all, you can manage both clients and candidates with Bullhorn.

Other than that, we would only recommend this software for recruitment agencies.

In general, there are better internal reporting options out there, which makes Bullhorn a bit too much for internal HR managers and HR departments. Plus, the premium price can be too expensive for smaller businesses on a budget.