The 29 Top Recruiting Software Tools Of 2018
In 2017, 66% of venture capital deals in HR tech went to talent acquisition solutions.
With hundreds of recruiting software companies out there, how do you determine which ones are worth investing in?
To highlight the best in the market, I’ve created this guide to the 29 top recruiting software tools of 2018.
Job boards and job aggregators are central to the recruiting ecosystem because direct applicants make up 48% of all hires.
- Indeed, with its resume database of 100 million strong, is the biggest source of external hires by far. In 2017, it was credited with an incredible 72% of interviews and 65% of hires in the US.
- CareerBuilder is the second biggest source of external hires according to industry surveys. Well-known for their recruiter and job seeker surveys, CareerBuilder was sold to a private equity firm this year. How this will affect, if at all, its business model remains to be see.
- Google For Jobs, designed to be a direct competitor to Indeed, may prove to be a game changer. It recently added four new features: accessing salary information, applying location filters, bookmarking saved jobs, and selecting which job board applicants job seekers want to use to apply.
Testing & Assessment
According to Aberdeen, 57% of companies use pre-hire assessments to test the knowledge, skills, abilities, and other qualifications (KSAOs) of their candidates so vendors in this space are in high demand.
- HackerRank creates coding and technical assessments to help recruiters assess the skills of developers and software engineers. It also offers an online interviewing tool.
- pymetrics state they use bias-free algorithms to match candidates using gamefied neuroscience tests. Relatively new to the game, they’re already making a name for themselves as a part of Unilever’s overhauled digital recruitment process.
- Predictive Index (PI) assesses personality traits and cognitive ability to predict on-the-job performance. One of the biggest names in assessment, their strengths includes their science-based focus and their ability to test candidates in more than 70 languages.
AI & Automation
With the competing demands of increased hiring volume and decreased recruiter headcount, AI and automation tools will continue to be a top recruiting software category in 2018.
- Ideal uses AI to automate time-consuming recruiting tasks such as sourcing, screening, and interview scheduling. A bonus benefit is that it works within your existing ATS eliminating the need to learn a whole new software.
- Textio tackles a problem that virtually everyone in recruiting agrees is a problem: badly written job postings. A main feature it promotes is the ability to identify biased language and then suggesting alternatives to use instead.
- Zoom.ai wants to “improve and simplify the employee experience” through its automated assistant software. Its features include scheduling meetings, transcribing calls, and creating departmental knowledge bases.
Applicant Tracking Systems
With 90% of large companies and 68% of SMBs estimated to use an ATS, applicant tracking systems is the biggest category of recruiting software.
- Bullhorn, which functions as both an ATS and CRM, is software designed specifically for recruiting and staffing agencies.
- Greenhouse, the fastest growing ATS by market share in 2017 according to Ongig, is known for its structured hiring and interviewing approach.
- SAP SuccessFactors was born when SuccessFactors was acquired by SAP America in 2011. While technically a full human capital management (HCM) software, it’s the 3rd most popular ATS among the Fortune 500.
- iCIMS, the second biggest ATS by market share according to Datanyze, is a content generating machine. Fun fact: iCIMS is an acronym that stands for Internet Collaborative Information Management Systems.
- Jobvite, another hybrid ATS and CRM, is #7 in market share and is known for its annual Recruiter Nation survey.
- IBM Kenexa BrassRing is a result of Kenexa’s acquisition of BrassRing in 2005 and IBM’s acquisition of Kenexa in 2012. According to Talemetry, it’s the second most popular ATS among the Fortune 500.
- Lever, a San Francisco startup, is making a name for its focus on diversity and metric-based recruiting.
- Taleo, acquired by Oracle for $1.9 billion in 2012, is the leading recruiting software in the ATS category with 23% of market share according to Datanyze.
With the rise of recruitment marketing, candidate relationship management (CRM) software has become central for attracting, engaging, and nurturing candidates.
- SmashFly is one of the strongest CRMs in terms of content marketing. Its software helps companies maintain a consistent employer brand starting with a company’s career site.
- Yello received their latest round of funding to the tune of $31 million in June 2017. Some of its features include schedule automation, video interviewing, employee referrals, and integrations with ATSs and HRISs.
- PhenomPeople, named a 2017 Cool Vendor in Human Capital Management by Gartner, boosts some big name customers such as GE and L’Oreal. One of their intriguing features is using artificial intelligence to “deliver hyper-personalized experiences”.
With a recent survey finding 63% of HR managers having conducted an online interview, video interviewing software is becoming an important part of the recruiting tech stack.
- ConveyIQ, in addition to video interviews, includes features such as email, text messaging, and interview scheduling. Its notable customers include The New York Times, Airbnb, and Zappos.
- HireVue has received an eye-opening $93 million in funding to date. One if its differentiators is incorporating Industrial-Organizational Psychology in its pre-hire assessments and interview analyses.
- Spark Hire is a popular video interviewing software with over 2000 customers. It touts its affordable solution that scales from sole proprietors to enterprises.
- Wepow offers features such as mobile and online interviewing, white-label employer branding, multiple languages, and 24/7 customer support. Its customers include The Golden State Warriors, Adidas, and Heineken.
Human Capital Management Software
- BambooHR offers a self-service portal for new employees. As an HCM geared towards SMBs, its other offerings include an ATS, payroll, and performance management.
- Ultimate Software is rated the #3 talent management software according to Capterra. Some of its features include a mobile app and using AI to suggest personalized actions.
- Workday was named the leading vendor in Gartner’s 2017 Magic Quadrant for Cloud HCM Suites Midmarket and Large Enterprises. According to Ongig, it was the fastest growing ATS by % growth in 2017.
Top Recruiting Software Of 2018
From job boards and aggregators to human capital management software, this is my list of the top 29 recruiting software tools of 2018.
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