RecruitingTool.

We are on a mission to redefine applicant tracking software and empower recruiters with smarter tools. RecruitingTool.io brings machine learning to the recruiter workflow to enable recruiters to focus people, not swapping tools, prepping for calls, and remembering to send messages.

RecruitingTool.io is running on a beta program with amazing feedback from initial paying customers.

Our team is comprised of industry leaders from Facebook, NBCU, Kohl’s Dell, Amazon & Intel.


Pitch Found Here


Problem:
Recruiting tools are antiquated and driven by HR.

Current Solution:
Many recruiters / sources utilize spreadsheets, table tools, and other workarounds to track candidates and share information with hiring managers as their existing tools do not function for their workflow.

Why Recruiting  Tool?
We started from the ground up learning what is working and what isn’t, and built a tool that is structured for recruiters and validated at every step with a functional POC and users educating areas of growth. Our tool combines existing interactions like drag-drop functionality and tables to map and integrate with existing workflows for a lower learning curve and speed to market for users.

The Management
James McGarry - CEO / Founder.

The Goals and Objectives
Become the most trusted SaaS solution for Recruiters and HR teams to manage hiring pipelines. As the market for recruiting software grows, and there is growing demand on recruiters the need for more simple to use and advanced tooling with grow with it. Projected to be a 3 billion dollar industry by 2023.

With a Monthly and Annual service fee for users divided amongst 3 tiers our 12 month goal is 10,000 active monthly users with an annual gross revenue of aprox. 9,000,000 (USD) per year.

Our 12 month goal is less than 1% of the existing market, with a goal of growing the company to own 10% of the market in the next 5 years.

The Product
A SaaS - web app that combines all of the tasks of candidate communication, tracking, sourcing, and pipeline management into a central platform built around HR activities and daily workflows.

Recruiting Tool, unlike other Applicant Tracking Systems (ATS) is built directly in collaboration with recruiters, optimizing workflows and leveraging Machine Learning to automate tedious workflows. Bringing a simple candidate management experience to recruiters.

The Target Market
Individual recruiters, small recruiting agencies, small businesses, enterprise hiring teams. Currently many recruiters are using other tooling that is not intended for applicant tracking due to the complexity of tooling on the market. Recruiting Tool will ensure accessibility to all users regardless of location by keeping individual access financially accessible and powerful.

Small businesses, and Agencies have limited options in the market as many full featured tools require 500+ users to bring in house. By initially targeting teams of 200 or less we intend to fill this space for all small - mid sized teams and fill the market gap left by enterprise solutions.

Pricing Strategy
Pricing model is broken into three tiers:

Individual 15 (USD) per month for one user, with limited feature access.

Teams 75 (USD) per month for up to 5 users with full access to platform

Agency 375 (USD) per month for up to 25 users with full access to platform

Enterprise is by contact with a standard price of 25 (USD) per user for every user account with a minimum of 25 active accounts.

The Competitors
Breezy

Takes a modern approach to candidate tracking, without taking into account the inundation of communications and complex workflows.

Pro: Lots of integrations and simple role posting.

Con: Expensive for individuals and cumbersome to use daily.

Recruiterbox

Takes a wholistic approach to recruiting focusing on candidate quality via multi channel acquisition

Pro: Feature rich platform.

Con: Expensive for individuals, fails to address multi application workflows.

Workable

Focuses on candidate acquisition without empowering recruiters to adapt to existing practices and workflows.

Pro: Focuses on top of the funnel and simplifies role posting and intake.

Con: Hard to adapt to current workflows and managing candidate pipelines.

Company Goals and Objectives
Become the most trusted SaaS solution for Recruiters and HR teams to manage hiring pipelines. As the market for recruiting software grows, and there is growing demand on recruiters the need for more simple to use and advanced tooling with grow with it. Projected to be a 3 billion dollar industry by 2023.

With a Monthly and Annual service fee for users divided amongst 3 tiers our 12 month goal is 10,000 active monthly users with an annual gross revenue of aprox. 9,000,000 (USD) per year.

Our 12 month goal is less than 1% of the existing market, with a goal of growing the company to own 10% of the market in the next 5 years.

Company Ownership Structure
The company will be structured as a corporation.

Ownership Background
James McGarry (shareholder):
With over 14 years of experience in Product Design / Development leadership James brings a wealth of knowledge in operational excellence and user focused product development.

James has Graduate education in Psychology, and Masters of Business Administration. Combining academic education with years of leadership and strategic company development from U.S. Army, Intel, Dell, Facebook, NBCU and Kohl's.

Company Management Structure
James McGarry - CEO / Founder.

Organizational Timeline
Recruiting Tool was founded in August of 2020, with an initial proof of concept developed in August.

First paying customer was September of 2020. With the validation of the proof of concept work began in October 2020 to build the full tool with features required to expand to recruiting agencies as well as individual recruiters.  

A target launch of initial solution January 1st 2020 with ongoing iteration of features and tooling.

Funding campaign to seek 800,000 (USD) began in December of 2020 to fund 1 year of production and expansion of tooling as well as the growth of the engineering team and marketing capital needed to reach the 12 month stretch goal of 10,000 MAU (Monthly Active Users)

The Product
A SaaS - web app that combines all of the tasks of candidate communication, tracking, sourcing, and pipeline management into a central platform built around HR activities and daily workflows.

Recruiting Tool, unlike other Applicant Tracking Systems (ATS) is built directly in collaboration with recruiters, optimizing workflows and leveraging Machine Learning to automate tedious workflows. Bringing a simple candidate management experience to recruiters.

Future Products
Recruiting Tool will expand into companion native applications across operating systems for personal computing as well as mobile devices.

The Target Market
Individual recruiters, small recruiting agencies, small businesses, enterprise hiring teams. Currently many recruiters are using other tooling that is not intended for applicant tracking due to the complexity of tooling on the market. Recruiting Tool will ensure accessibility to all users regardless of location by keeping individual access financially accessible and powerful.

Small businesses, and Agencies have limited options in the market as many full featured tools require 500+ users to bring in house. By initially targeting teams of 200 or less we intend to fill this space for all small - mid sized teams and fill the market gap left by enterprise solutions.

Established Customers
Small recruiting agencies of 10 members or less, and individual recruiters needing to fill the gap left by company provided tooling.

Pricing
Pricing model is broken into three tiers:

Individual 15 (USD) per month for one user, with limited feature access.

Teams 75 (USD) per month for up to 5 users with full access to platform

Agency 375 (USD) per month for up to 25 users with full access to platform

Enterprise is by contact with a standard price of 25 (USD) per user for every user account with a minimum of 25 active accounts.

Advertising
Online Targeted Ads
Partnerships
Billboard Advertising
Referral
Social Influencers.

The Competitors
Breezy

Takes a modern approach to candidate tracking, without taking into account the inundation of communications and complex workflows.

Pro: Lots of integrations and simple role posting.

Con: Expensive for individuals and cumbersome to use daily.

Recruiterbox

Takes a wholistic approach to recruiting focusing on candidate quality via multi channel acquisition

Pro: Feature rich platform.

Con: Expensive for individuals, fails to address multi application workflows.

Workable

Focuses on candidate acquisition without empowering recruiters to adapt to existing practices and workflows.

Pro: Focuses on top of the funnel and simplifies role posting and intake.

Con: Hard to adapt to current workflows and managing candidate pipelines.

Strengths
Recruiting Tool takes a unique approach to the HR space by focusing on individual contributor workflows and building compliance and tooling around user defined needs.

Machine Learning applications are patentable and will be proprietary to our unique use of smart automation.

The market demand is growing exponentially and timing is right to quickly disrupt the market with a more usable option. With more competitive and accessible pricing model.

Weaknesses
Our largest area of growth is internal engineering teams needed to continue to grow features and quickly iterate on product for market fit.

Opportunities
Demand in the industry is growing and existing options are not innovating or working to build more usable tooling fitting the evolving market.

Due to COVID in 2020 the job market for recruiting has become more demanding and users are expecting more of their SaaS tools.

Threats
The largest threat facing Recruiting Tool is speed to market to deliver a strong product that meets user needs while demands are high.

Recruiting Tool is mitigating this risk by seeking seed funding to building a strong engineering team capable of moving quickly to market.