Technology

A Brief Outlook of Modern Talent Management Software

Applicant tracking system or ATS resume test free or paid software is a great tool that automates and optimizes recruiting and talent acquisition efforts of human resources teams. You can hardly find a company from the Fortune 500 list that doesn’t use the benefits of ATS.

We’ve compiled the top five fastest and effective modern decisions for attracting top talents to allow your business to get digital and stay competitive.

The Newest Functions of Recruiting Software

Free ATS software saves recruiters’ time by streamlining the hiring workflow with a thorough overview of applications and their approval. Now that progress in software development doesn’t stay static, an applicant tracking system is no longer simply a repository for massive amounts of resumes.

Increased capabilities of recruiting software incorporate multiple handy features in a single interface. For instance, ATS can be used for:

  • advanced search;
  • job board posting;
  • email integration;
  • quick responding;
  • interviewing scheduling;
  • notifications;
  • analytics;
  • reporting;
  • saving to the database;
  • storing records.

ATS Software that Is Worth Paying for

Software providers offer a variety of simple and economical formats suitable for small and medium-sized businesses and complicated ones, designed for larger companies, corporations, and enterprises. According to the latest data about vendors’ market shares, here are the most popular and reliable AT systems.

#1.Workday (Market Share 21,92%)

Workday Talent Acquisition software is a centralized adjustable cloud-based hub for almost all tools the human resources department ever needs. It can be helpful at every stage of recruiting, from workforce planning to interviewing, engagement, and onboarding. Finance and supply chain, HR and payroll tools, data modeling, and reporting are available 24/7.

A price for a full suit is rather expensive, you may spend up to $500,000 a year.

Key features

  • Automation and real-time analytics;
  • Good user experience, adaptable architecture, and unified data core;
  • Access to demos, whitepapers, extended infographics, webinars, eBooks;
  • Professional and Accessible Customer Support;
  • Slack, Microsoft Teams, Outlook, and Google compatibility.

Top 5 Notable Customers

  • Walmart;
  • Netflix;
  • Bank of America;
  • Dell Technologies;
  • Adobe.

#2.Oracle Taleo (Market Share 14,68%)

Oracle provides the cloud-based service Taleo with an application suite, designed for human capital management. It can be modified for any specific needs and a company’s size. Along with ATS, Oracle Taleo offers sourcing tools, recruiting automation, and easy solutions for hiring, onboarding, retaining processes, built for desktop, tablet, and mobile devices.

The price tag starts from $5,000.00 per year but to consider whether you need it you can ask for a free demo version.

Key features

  • Easy talent acquisition;
  • Social media tools to increased employee referrals;
  • Limitless data access;
  • Microsoft Outlook, MyYahoo, and iGoogle compatibility.

Top 5 Notable Customers

  • Amazon;
  • United Parcel Service (UPS);
  • Starbucks;
  • JPMorgan Chase & Co;
  • UnitedHealth Group.

#3. SuccessFactors by SAP (Market Share 11,57%)

SAP SuccessFactors is a cloud-based human capital management solution for organizations, designed to build dynamic, engaging, and employee-centered experiences. This software is ideal for companies with 500+ employees, presented globally. HR management suite helps to automate recruiting, learning, workforce planning, time, attendance and performance, development and compensation processes. A human resources information system provides real-time analytics, efficient tracking of time, and attendance,and lessens the work on Data Management.

HCM Suite pricing starts at $84.53 per year per employee and provides free two weeks of its trial version.

Key features

  • Simplified and standardized HR processes;
  • One platform with open enrollment;
  • Employee notifications and analytics;
  • Linkedin Integration;
  • Career Portal Multichannel Management.

Top 5 Notable Customers

  • Kroger;
  • Fujitsu Network Communications;
  • American Airlines;
  • Lear;
  • TJX.

#4. iCIMS (Market Share 8,94%)

iCIMS Recruit is a cloud-based applicant tracking system that supports companies of all sizes, locations, and industries, delivering transformative solutions across every stage of the talent journey. Transformative AI-powered software collects information about candidates, organizes them based on categories like skills and experience, and automatically filters out those who are not viable. The tool is also great for simplifying interview management, offers, onboarding, and advancement processes.  

Based on a company’s specific needs and an employee base, pricing may vary from $6,000 to $140,000 per year.

Key features

  • Easy management of job ads;
  • Optimized searches through Google results and social media;
  • Real-time insights into personalized dashboards;
  • Real-time screening, assessment, and reported results.

Top 5 Notable Customers

  • Amazon;
  • Tiffany&Co;
  • Microsoft;
  • General Dynamics;
  • Eaton.

#5. Greenhouse Software (Market Share 7,81%)

A talent acquisition suite designed by Greenhouse to help companies make better hiring decisions. Its fully-hosted or API-driven solutions can build and customize a recruitment process for screening, tracking, scoring, hiring, and managing candidates, providing the full picture of each job candidate on one screen. Interview Master Plan and scorecards allow getting a structured and smooth interviewing process.

Pricing is based on the number of employees and varies between $6,000 to $25,000 per year.

Key features

  • Excellent UX/UI for recruiters;
  • Mobile-friendly app;
  • Chatbot and Calendly;
  • Easy access and integration with partners’ solution sets;
  • Office 365, MS Teams, DocuSign, LinkedIn, Excel/Google Sheets compatibility.

Top 5 Notable Customers

  • SpaceX;
  • Airbnb;
  • Wayfair;
  • Supplemental Healthcare;
  • Sonic Drive-In.

In a Nutshell

Besides the main task of applicant tracking software to filter through a bunch of resumes, modern systems help administer and manage the human resource daily routine. With the right ATS, a human resources department can analyze, track, and strategize the talent acquisition processes better and faster. That is why a growing number of companies prefer to use the latest paid recruitment tools. Paid suits enhance talent acquisition efficiency and significantly improve not only time but quality and cost per hire, promising cost-effectiveness in the long run.

Aslo check: wcostream      

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