The 28 Top Recruiting Software Tools Of 2017
By Ji-A Min
With hundreds of recruiting tech companies out there, how do you determine which ones are the top recruiting software tools worth investing in?
According to Bersin, the HR tech market is estimated to be worth $14 billion. A big chunk of this market is made up of recruiting software. The applicant tracking system (ATS) market is estimated to be worth $3 billion on its own.
Too narrow down the list, I’ve created this guide to the 28 top recruiting software tools of 2017 summarized in the image below.
Job Boards & Job Aggregators
Job boards and job aggregators are a crucial part of the recruiting software ecosystem because applicants make up the biggest source of hires at 50%.
Indeed is the biggest source of external hires by far – credited with 58% of external hires according to SilkRoad.
CareerBuilder is the second biggest source of external hires. Well-known for their recruiting and job seeker surveys, recent reports claim CareerBuilder is in talks to be sold to a private equity firm for more than $1 billion.
LinkedIn calls itself the “world’s largest professional network” with more than 467 million members worldwide. With that type of market penetration, LinkedIn is virtually indispensable for recruiters: Jobvite reports 87% believe it’s the most effective social media platform for evaluating candidates.
Ziprecruiter makes the top recruiting software list because of its ability “to post a job to 100+ job boards with 1 click.” Handy!
Applicant Tracking Systems
With 90% of large companies and 68% of SMBs estimated to use an ATS, applicant tracking systems is biggest category of recruiting software.
Taleo, acquired by Oracle for $1.9 billion in 2012, is the top recruiting software in the ATS category with 23% of market share according the Datanyze.
iCIMS is the second biggest ATS by market share. Fun fact: iCIMS is an acronym that stands for Internet Collaborative Information Management System.
Workday is the fastest growing ATS on the market with a 570% increase in adoption from 2014 to 2016. Recently, that growth includes a huge win with Walmart as a new customer.
Greenhouse, a startup with a total of $60 million in funding to date, is known for its structured hiring and interviewing approach.
SmartRecruiters, a San Francisco startup, was an early adopter of the recruiting software marketplace. Smart!
Lever, another San Francisco startup, is making a name for its focus on diversity and metric-based recruiting.
With the rise of recruitment marketing, recruiting customer relationship management (CRM) software is becoming an important part of the recruiting software stack to attract, engage, and nurture candidates.
Bullhorn, which functions as both an ATS and CRM, is a top recruiting software designed specifically for recruiting and staffing agencies.