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Making investments to improve your business is an important decision. We get it – you have to be sure that the expenditure is cost-effective and proves a clear ROI. The same concept applies to improving your hiring process with an online Applicant Tracking System (ATS) – you want to pick the right one so that you get the best value for your dollar.
But after a few hours of research, you may have found that nailing down exact costs of ATS software is a tough task. Don’t worry, that’s to be expected – every brand offers different pricing structures, implementation fees, monthly or yearly recurring charges, fees by headcount or users, and other factors that affect the cost. It all depends on the business model.
But the question remains: how are you supposed to know how much you’ll be paying for your ATS?
In the Fall of 2017, Capterra released a hefty list of the top 20 most affordable Applicant Tracking Systems. Though not intended to replace your own in-depth research, the report is an excellent place to start.
In a blog post detailing the criteria for the report, Capterra explains exactly how they ranked each ATS. “To put the report together, we compiled a pricing scenario based on a ‘typical ATS software buyer,'” they write. “We scored systems based on how many standard features they offered and the cost of those features. We also took into account what customers were saying about the product’s functionality and quality to determine just how affordable and valuable the systems really were.”
In other words, Capterra didn’t just look at pricing – they also factored in the features, functionality, and user experience when compiling their report.
In the graph below (taken from Capterra’s above blog post), you’ll see that TAM ranks in the Top 10 on the list of most affordable ATS!