Have you been scrolling through the internet, exploring different kinds of ATS software, and wondering which is the best fit for your business or how much it will cost? Are you unsure which functionality would work better for your business and finding it challenging to understand the pricing dynamics of an ATS? We understand that you might already feel overwhelmed while trying to gather all the details about applicant tracking system, various pricing plans, and functionalities. Are you stuck deciding which one to choose? Don’t worry, Pal—we are always there to help you! Let’s dive into understanding ATS software, its features, and its pricing:
Applicant Tracking System—Costing as per Business Needs:
When we talk about average ATS pricing, it can range somewhere between $100 to $125,000+ depending on the overall needs of your business, the functionalities that work for you, and the pricing model that you select. By now, you are already familiar with how an application tracking system works and its average pricing. Let’s delve deeper into the cost estimates of an application tracking system, tailored to different types of business models.
Small Business:
If you are the owner of a small business, then in comparison to the other businesses you may have limited hiring needs. That is why it is best to opt for a per-user or per-vacancy payment structure to get an application that fits your budget. On average, a small business with fewer than 100 employees may need an ATS ranging between $250 and $3,000 annually, depending on the plan you choose.
Medium-Sized Business:
If your company has a workforce of 100 to 500 employees, paying per person may become costly for the business model. In such cases, you can opt for a flat-rate payment system, which helps mitigate the risk of surpassing the vacancy limit. On average, it may cost you around $3,000 to $15,000 annually to use an ATS for the hiring process.
Large-Scale Business:
For businesses with a workforce of 500 to 5,000 employees, a plethora of features and an extensive hiring process are usually required. In such cases, it is important to get an ATS that integrates well with existing systems, such as HRGP. For these businesses, the average pricing of an ATS would range from $15,000 to $50,000 or more annually.
Enterprise-Level Firms:
Organizations with a workforce of more than 5,000 employees require a highly efficient and advanced-level ATS. These organizations often need multi-contact solutions with flat-rate pricing as hiring is continuous. For such organizations, the average pricing of an ATS typically exceeds $125,000 annually.
Pricing Models as per Business Needs:
Now that you are well aware of the average pricing of an application tracking system, it is essential to understand different types of ATS pricing models to determine which would work best for your talent acquisition needs. Some common pricing models include:
Pay-per-Job Models:
Most ATS vendors offer pay-per-applicant or pay-per-job models. In this, the firms are charged for each job opening or position. In this model, once the position is filled, the company is no longer charged. In this model, once the position is filled, the company is no longer charged. This model is ideal for companies with consistent hiring needs. However, if companies manage many positions simultaneously, it can become costly. For businesses that do not hire regularly, this model may not be the best fit as the costs fluctuate. On average, this model ranges between $100 and $500 per position, and it may also include additional fees.
Flat Fee:
Frequently used by small and medium-sized businesses, the flat-fee model involves a monthly subscription or a one-time license purchase for the ATS. As a business owner, if you are confident about the features your firm needs in the long run and have a clear idea of your hiring requirements, this model may suit you. On average, it may cost around $350 per month or a one-time fee, depending on the option you choose. Additional charges may apply.
Pay-per-Recruiter:
The pay-per-recruiter model is one of the most common ATS pricing models businesses opt for. The cost is determined based on the number of users accessing the software, with each user assigned login credentials and privileges. This model is best for companies with hiring teams, as the costs are predictable. On average, it may cost around $60 to $100 per individual, with potential activation or setup fees.
Pay-per-Employee:
Preferred by small businesses and companies with large hiring teams, the pay-per-employee model bases pricing on the current size of the organization. In this model, costs per employee generally decrease as the number of employees increases, similar to bulk discount pricing. On average, the cost ranges from $4 to $7 per employee and may decrease to $0.20 for large-scale organizations.
Apart from these models, it is crucial to account for additional costs vendors may charge for training, implementation, advanced features, and support. Be sure to understand the complete payment structure, including potential add-ons, before selecting an ATS pricing model.
Experience Cost-Effective and Flexible Hiring with HRGP:
Hire and retain top talent in the industry with the help of Hire and Retain Good People’s intuitive Application Tracking System. Maximize workplace productivity by hiring the right candidates to help you achieve your business goals without overspending on an ATS. At HRGP, we focus on delivering custom features to our customers while offering cost-effective solutions to empower your business with access to unlimited functionalities.
The best part of our ATS is its seamless integration with your existing systems, along with advanced features, such as:
- AI-powered personality profiles
- Guided hiring
- Legal compliance
- Resume parsing
- Branded career sites
- Self-scheduling for interviews
- Hiring team workflows
- Video calls and recordings
- Affordable and accurate background checks
- Advanced analytics for job posting optimization, and more.
At HRGP, we offer transformative ATS features for effective recruitment, job posting, and candidate management, helping you find the right fit for your organization.
What makes us stand out? We offer affordable pricing for our application tracking system, along with a free 30-day trial to help you make an informed decision for your hiring needs. Get in touch with us and discover cost-effective hiring solutions tailored to your business needs! Spend less and hire more with HRGP!