Kayla Kozan of Ideal presents some of the finest recruitment software solutions, including CRM platforms, applicant monitoring systems and job aggregators.
HR Tech was once considered an oxymoron; today however, its capabilities continue to evolve rapidly.
Crunchbase reported in August 2018 that venture capital (VC) funds invested in software recruiting firms during 2018 exceeded US$600 Million, as reported by Crunchbase.
Emerging technologies may seem exciting at first, yet their full impact can become intimidatingly immense. Josh Bersin of Bersin by Deloitte and an industry analyst revealed in November 2018 that he is monitoring over 1,400 HR technology companies at this point in time.
How can one identify which recruiting software companies represent the best value investments given there are hundreds to choose from?
I have created this guide highlighting 36 most efficient recruiting software tools of 2019 so as to highlight those offering outstanding solutions on the market.
Job Boards/ Employment Aggregators mes 48% of hires involve direct applicants, so job boards/employment aggregators play an essential part of any recruitment ecosystem.
1. LinkedIn is by far the biggest source of external recruits with 100 million resume entries and was responsible for 72% of interviews and 65% of hires in 2017.
2. Industry surveys reveal CareerBuilder as one of the key external recruiting sources. Known for their recruiter and job prospect surveys, this year it was acquired by a private equity firm; whether this will affect its business model remains unknown at this stage.
Google For Jobs aims to be an alternative to Indeed in terms of job market services and recently upgraded its functionality by including four features such as salary information access, location filter selections and bookmarking saved positions, as well as selecting which job boards users should apply via.
Evaluation and Testing
Aberdeen reports that 57% of organizations conduct pre-hire assessments to evaluate candidates’ knowledge, skills, abilities, and other qualifications (KSAOs). Vendors in this sector are in high demand.
1. HackerRank provides recruiters with technical and coding assessments designed to evaluate software engineers and developers as part of a recruitment process, while offering online interviewing capabilities. Additionally, HackerRank serves as an interviewing instrument.
2. Pymetrics claims it uses bias-free algorithms and neuropsychology tests to match candidates with employers through an adaptive selection system. Despite being relatively new to the industry, Pymetrics has already become part of Unilever’s revised digital recruitment process.
3. Self Management Group’s assessments are among the most scientifically validated available. With data spanning 35 years and being accessible in over 40 languages, one of its greatest assets lies within precise sales profiling capabilities.
Artificial Intelligence and automation
Cognitive computing is believed to provide substantial value in human resources by over 66% of CEOs, as highlighted by this survey by CEB Research Institute. AI and automation tools will remain popular recruiting software categories due to conflicting demands for lower headcount recruiters but increased hiring volumes in 2019.
1. Ideal utilizes artificial intelligence (AI) to analyze all candidate information – resumes, assessments, conversations and performance data. It works seamlessly with existing applicant tracking systems without needing a separate new software program for screening candidates and shortlisting candidates.
2. Textio provides an effective solution to one of the key challenges in recruitment industry – poorly written job postings – with its emphasis on being able to detect biased language and offer alternatives.
3. Zoom.ai aims to improve employee experiences with its automated assistant software by streamlining scheduling meetings, transcribing communications and creating departmental knowledge bases.
Tracking systems for applicants
Applicant tracking systems (ATSs) remain one of the most prevalent forms of recruitment software, used by an estimated 90% of large companies and 68% of small and midsized businesses respectively. Many employers utilized multiple applicant tracking systems (ATSs), but Greenhouse Software, Workday Taleo and iCIMS remain amongst those most frequently chosen by employers, according to Ongig research.
1. Bullhorn is designed specifically for recruiting and staffing agencies and functions both as an applicant tracking system (ATS) and customer relationship manager (CRM).
2. Greenhouse was recognized by Ongig as having experienced the greatest market share growth during 2017. Specifically, its recruitment process is highly structured for optimal efficiency.
3. SAP SuccessFactors was developed as the result of SAP America’s acquisition of SuccessFactors in 2011. While classified as human capital management (HCM) software, SAP SuccessFactors ranks third most frequently among Fortune 500 organizations when it comes to applicant tracking solutions (ATSs).
4. Datanyze reports iCIMS to be one of the two top ATSs by market share and it serves as a content creation engine (its acronym stands for Internet Collaborative Information Management Systems.).
5. Jobvite stands out among its hybrid ATS/CRM competitors by ranking seventh for market share with its annual Recruiter Nation survey.
6. Lever, a San Francisco startup, has earned praise for their commitment to diversity and metrics-based recruitment.
SmartRecruiters, with clients such as Visa, Skechers, Kelly Services, Equinox and Alcoa as its major clients, emphasizes both candidates and recruiters having experience within an environment of mutual respect and understanding.
8. Breezy HR provides organizations with an effective yet straightforward recruiting process. In 2018, its user base increased 150% while revenue surged 230% – posting over 70,000 positions!
9. JazzHR is often an ideal solution for startups and smaller businesses due to its reasonable subscription costs, while being at the same time the creator of Crowd, an initiative which integrates predictive analytics, big data, and crowdsourcing into one comprehensive project.
10. Convincing arguments It is the only applicant tracking system (ATS) offering integrated candidate sourcing: “Our tools analyze millions of online profiles and multiple data sources in order to quickly locate applicants that match your position requirements and location specifications.
11. Datanyze reports that Taleo, acquired by Oracle for US$1.9 billion in 2012, holds 23% market share as the top recruiting software within ATS category.
12. Workday was named as a leading vendor in the 2018 Magic Quadrant for Cloud HCM Suites Midmarket and Large Enterprise.
Candidate Relationship Management (CRM) software has become indispensable to recruitment marketing professionals who must recruit, engage and cultivate candidates in an increasingly competitive candidate pool.
SmashFly stands out among content marketing CRMs as one of the most robust. From their career site through software solutions that support maintaining an employer brand consistency.
2. In June 2017 Yello successfully raised US$31 Million during their latest funding round, boasting integrations with an ATS/HRIS, employee referrals, video interviewing capabilities and schedule automation among many other features.
3. Dimitri Boylan founded Avature as an enterprise SaaS platform for global talent acquisition, co-founding it along with HotJobs.com and HotJobs Jobs Exchange. Avature currently services over 650 clients; 110 of these clients belong to Fortune 500 organizations.
4. Talemetry’s recruitment marketing platform comprises five “high-performance” products which can be utilized either independently or together for maximum effect. Talemetry is the leader in results-oriented recruitment marketing with clients like Yale New Haven Health and CDW as clients.
5. EQT Ventures announced in June 2018 it led a US$28 Million Series B funding round for Beamery, a London startup offering self-described recruitment marketing software solutions to rapidly expanding companies.
Ascendify was developed specifically for global organizations and incorporates predictive analytics and machine learning into talent development and recruitment activities, such as Panasonic, Disney and GE being among its clients.
Jibe’s Recruiting Cloud features numerous benefits for recruiters and job-seekers. These include fully integrated CRM with two-sided matching capabilities; advanced SEO functionality; automated recruiting tools designed for sourcing, nurturing and marketing; personalized career sites as well as automated tools that assist candidates during interviews and selection processes.
Video interviewing software has quickly become an indispensable component of HR managers’ recruiting technology platforms, with 63% conducting online interviews according to one survey.
ConveyIQ provides more than video interviews; among its features are email, text messaging and interview scheduling services for its many notable clients such as New York Times, Airbnb and Zappos.
2. HireVue has raised an astounding US$93 Million so far and stands out among competitors by using Industrial Organizational Psychology principles in pre-hire assessments and interview analyses.
3. Spark Hire, an award-winning video interviewing software, has won the loyalty of more than 5,000 consumers and provides cost-effective solutions tailored to fit the needs of both sole proprietors and enterprises alike.
4. Wepow offers white-label employer branding solutions and tools for mobile and online interviewing with 24/7 support in multiple languages – this has attracted clients like Adidas, Heineken and The Golden State Warriors as clients.
Human capital management software (HCM).
1. BambooHR offers new employees an employee self-service portal. Specifically developed to suit small and midsized businesses (SMBs), its human capital management (HCM) includes payroll services, performance monitoring capabilities and an applicant tracking system (ATS).
2. Zenefits claims to offer an HR platform which “integrates all aspects of HR into one, user-friendly application”. Their aim is for it to be comprehensive without becoming excessively complex – giving employees access to HR, payroll and benefits management features.
Namely is an HR, payroll and benefits platform built around its motto “Let’s build a better workplace”. Designed specifically to complement the culture of any organization and utilized by employees alike – Namely’s software offers something truly exceptional!
4. Capterra has awarded Ultimate Software as the third-best personnel management solution, noting its mobile app and artificial intelligence that recommends personalized actions as among its features.
Kayla Kozan leads Ideal’s Marketing team and her passion is in artificial intelligence (AI). Kayla currently covers HR technology as it pertains to recruiting AI tools such as predictive analytics and intelligent employment systems.