Addressing modern recruiting process, the first word that comes to mind to describe it – challenging. It’s time-consuming. Complex. Recently it is also rapidly changing.
The switch is made completely towards digital as it is hard to imagine manual processing of all the resumes, sorting and ranking the CVs, organization of onboarding and many other HR-related processes.
We’ve decided to explore the market of recruiting software startups, get to know the leading solutions’ features and try to figure out how a perfect recruiting tool would look like.
Certainly, the perfection is unreachable, and if it would have existed, why would we as an outsource software development company that designs custom solutions bother to give such a product free advertisement?
The thing is we explore the market thoroughly and follow all the latest trends and best practices for the execution of our projects. We’d like to know if your company would benefit from integrating a recruitment software, or, perhaps, would bring a new idea to the market for B2B distribution.
Let’s have a look at the market sizes first, though.
Current State of Recruitment Software Market
If you are not a fan of numbers, just skip this part, as it can be summarized by one word: massive.
According to grandviewresearch.com, the global HR management market size was valued at $14.68 billion in 2018, with recruiting software taking a fair share of it (have a look at the graph below).