SpaaS Talent Marketplace Software versus ATS: What is the difference?

In this blog, we will break down the difference between SpaaS Talent Marketplace platforms versus ATS softwares.

ATS (Applicant Tracking System) software is used by staffing companies to manage their front-office recruitment process. They were originally built for storing job applications, and over the recent years have developed to include automation tools for screening candidates and scheduling interviews. This software works great in traditional staffing models where the recruiting team drives the entire process.

Although, with the rise of temporary staffing, there became a need for a different solution above solely an ATS, since temporary staffing requires different processes than staffing permanent hires.

Here enters SpaaS talent marketplace software. Also known as (Staffing as a Service) platforms, are a newer, better alternative to traditional ATS softwares. They are designed specifically for temporary staffing and with self-service at the heart of it. These platforms offer a more flexible approach to hiring by providing access to a pool of pre-vetted candidates who are available to work on a temporary or contract basis.

Additionally, SpaaS platforms allow access for candidates and clients, which truly points to the nature of on-demand staffing. Users can sign up and create their accounts, candidates can onboard, browse, and apply for jobs, while clients can place orders for staff.

SpaaS solutions are also powered by AI that makes quick, data-driven decisions on who to notify and who to hire. This differs from traditional staffing where a recruiter using an ATS manually vets and matches each candidate.

Lastly, SpaaS platforms have back-office billing, payroll and other workflows natively built in. In other words, it’s full-stack. There is no need for a staffing company who integrates with an ATS to also add other integrations for payroll and a separate accounting system.

Overall, an ATS is merely part of what an SpaaS platform offers, since on-demand talent marketplaces can cover the entire lifecycle of the staffing process from onboarding to invoicing and even analytics. ATS’s can either be integrated into the SpaaS or the functionalities are already built into the software.

When it comes to choosing between an ATS software and a SpaaS platform, it ultimately depends on the needs of your company. An ATS software may be more suitable for companies with permanent staffing needs that follow the traditional staffing route, while SpaaS platforms may be better for those looking for more flexibility in their temporary staffing hiring process, as well as a full-stack solution.

If you're interested in learning more about Wolf's SpaaS talent marketplace solution for temporary staffing companies, feel free to book a call with us here.