If you use job boards to source candidates - including pay boards, free boards, Craigslist and LinkedIn - you can either go from one site to the next duplicating your searches or you can use a resume aggregator to compile them into a single list. It is a huge time saver if you are a frequent visitor to multiple sites. This posting is not going to be a comprehensive review of each of the four tools, but rather a brief comparison and my final verdict on which one I chose for my company. It's also important to note that I posted a question about this on LinkedIn and am drawing from the answers given.
DataFrenzy RAM - Advantages: Because it is web-based, DataFrenzy allows multiple users to share a single license. Information is shared, so if you contact a candidate through the interface, other recruiters can see that activity. The price is the cheapest of the bunch at $1,200 per year ($100 per month) and there are no long term contracts, so you can cancel at any time. Disadvantages: Only 10 searches can be performed per day per license. I know that many recruiters like to set up hordes of agents to continually scour the resume universe, so this would necessitate buying multiple licenses. The bulk email feature is limited to a few hundred people at a time.
AIRS SourcePoint - Advantages: Gobs of functionality. This is a very robust tool. It's also web-based, so there is multi-user collaboration. Disadvantages: More functionality than I needed (includes ATS, career site, job publishing). It was the most expensive of the bunch at $4,490 for a single OFCCP enterprise license.
TalentHook - This has been my bread and butter for the last year. Advantages: Very intuitive (although they require a training session before you can get full access). Lots of sites added weekly and great partnerships with many popular ATS. Sweet bulk email application. Handles OFCCP compliance. Disadvantages: New features means new prices. A single-user annual subscription runs $3,495 per year plus a setup fee. Comes with a built in ATS (not as good as a stand alone ATS). Resides on your machine, so you can't collaborate easily with other users.
infoGIST's Platinum Recruiter - For most of the sourcers out there, it might be enough to say that Shally Steckerl uses this product. For the rest of you - Advantages: Search results are rated according to their match against your search criteria. Second best price of the bunch: $2,500 per year for a single user license. Handles OFCCP compliance. Disadvantages: Resides on your machine. Isn't integrated with as many applicant tracking systems as TalentHook...but Shally likes it, so who cares?
VERDICT: We signed up for a year long contract with infoGIST. I felt that it is the best bang for the buck for the features that are important to my business. Ask me in a few months if I made the right decision.
Have you used one of the tools? Do you use a different aggregator that isn't listed? Did I leave out something important? Please share your comments.