What is the Cost of Job Portal App Development?

Posted by Nimble Appgenie LLP on April 22nd, 2021

Boasting 250 million monthly users, Indeed is currently the world’s most popular online job portal. Still there is room for new market entrants that either focus on the pain points that most popular job portals can’t focus on or cater to a particular market niche. With a lot of recruitment app ideas floating around, many of you are curious to know the cost of job portal app development.

Before I overwhelm you with the market trends and the factors that influence the cost to develop a job portal app, let me tell you that the job portal app development cost starts from ,000 to ,000.

Market for Job Portal Software

Since the inception of the internet in 2000, businesses have started exploring opportunities where they can make their business processes faster and more efficient using the online network. They started with finding talent online, and now there are job platform apps that help them find the best candidates.

Data Source: Statista

Let’s look at some stats that reveal a huge market for job platform apps worldwide:

• Of all the US adults aging between 18-29 years, around 58% have searched for a job online at least once.

• A report by the Bureau of Labor Statistics revealed that there were 7.3 million job openings at the end of June 2019.

• The online recruitment market that stood at .68 billion in 2019, is estimated to reach .39 billion by the end of 2027. The market will achieve a CAGR (Compound Annual Growth Rate) of 7.1% during the forecast period.

Top 7 Job Search Websites for 2021

1. Indeed

2. Monster

3. Glassdoor

4. FlexJobs

5. The Ladders

6. AngelList

7. LinkedIn

Top 3 Factors Influencing Cost of Job Portal App Development

There are several factors that affect the cost to develop a job portal application. Here I’m mentioning the most crucial ones.

1. Your Pick Among Native, Hybrid, or PWA

Look, it isn’t essential to build a native app for both iOS and Android. It is because native apps are costly to build and you don’t necessarily need all the features that they offer. With hybrid development technology getting more and more advanced, it is mindful to invest in hybrid apps to generate faster ROI. 

PWAs (Progressive Web Applications) are also an option but given their limited functionality with iOS, I won’t recommend them to you. The hybrid apps can go hand in hand with your web portal which is another advantage they bring.

2. In-House vs Outsourcing of Development

It is very essential to discuss this here. Look, it is true that having an in-house team will give you more control over the development process, but it will cost you a lot more compared to outsourcing. On the other hand, outsourcing your Job search app development process will result in cost-efficiency, but you'll have to carefully  select the right education app development company.

The location, where your development partner belongs, significantly affects the cost of your job portal app development. Most of the software development companies develop projects on an hourly rate basis. You can refer to the following image to know different hourly rates for different countries.

3. Features You want to Incorporate

It is another significant factor that affects the cost to develop a job portal app. The more features they are, the more your app/portal will cost. While many recruitment portals make use of artificial intelligence and machine learning to automate the process of recruitment, it gets more challenging for you to decide whether to incorporate these technologies or not due to cost. I would suggest you to conduct a SWOT analysis of your immediate competitors to find what you really need to include.

The following are some of the must have features for recruitment apps:

• Document Scanner

• In-App Chat

• Resume Creation

• Video Conferencing for Interviews

• Role-Based Dashboards

• Payment Integration for Subscriptions

Here I’m mentioning separate features for both Admin and Job seeker apps:

Recruiter App Features

• Job Creation and Management

• Resume Filtering

• Interview Scheduling

• Manage Applicant Profiles

• Issuing Job Offers

• Job Invites

• Role Management

• Data Analytics and Visualization

Job Seeker App

• Login via Social Profiles

• Resume Management 

• Video Resume Creation

• Personalized Job Notifications

• Job/Employer Bookmarking

• Job Filtering

Conclusion

It is true that the future of hiring will be powered by technology. But, it is very early to say that the technology will take over human intelligence, especially when it comes to recruitment. Hence, my last but not least advice to you is to make sure that you effectively make use of human intelligence with technology.

If you’re looking for a recruitment app development company that has past experience in developing job portals, Nimble AppGenie should be very high in your list of preferred technology partners.