The global — online recruitment market size is estimated to grow from 190 USD million to 409 USD million at a recorded CAGR of 8.3% over the forecast period. Due to the convenience and benefits such as cost-effective, wider audience reach, process automation, time-saving which are profiting both job seekers and recruiters is one of the major drivers of global online recruitment market growth. Due to the rising popularity and usage of mobile technologies, many companies have started using smart devices for the promotion of job vacancies.
The global Online Recruitment market size is growing due to higher usage and popularity of mobile technologies. Major companies have started using smartphones and other technological devices for promotion of vacancies. These mediums work out much better as the amount of people it reaches is much larger as compared to print ads. In online recruitment there is an automatic filtration that occurs owing to the pre-set parameters and basic checks are done before a candidate applies for a position.
Another driving factor of the market is the use of Big Data, which empowers companies to track and analyze potential job seekers based on their online behavior. Through this recruiters can monitor and access the candidate's activities across various social media platforms. Nowadays, social media is also used popularly for finding the right fit for a vacancy. Employers as well as employees are successfully posting and looking for job openings across various social media platforms. Furthermore, with the presence of online recruitment market allows employers to find the right candidate from any geographical location and at the same time save on cost and travel time.
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Since online recruitment is a process in which short listing of candidate, taking interviews and hiring is done online, there is no personal interaction involved. Though you might have interviews with the help of skype and similar video platforms, the personal connect is missing. This is a factor that is expected to hamper the market growth of Online Recruitment market size. Another factor influencing the market growth, negatively is the concern of data security of candidates and companies as well. The report discusses in detail the growing preference towards e-recruitment and the various factors influencing the market.
The global Online Recruitment market report studies about the various segments and key regions of the business. Segmentation of the market is done on the basis of Application, type and region. The application segment consists of healthcare, education, IT, Human resources, Hospitality, accounting firms, media and communications, consultancy firms and many other. Online recruitment is also viable for all levels of staff in an organization be it for a junior post or a senior post. Segmentation on the basis of type of job is done as full time jobs and part time jobs.
Segmentation with respect to geographical regions is done as North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The report covers these segments in detail and the relevant market share. North America contributes maximum share to the online recruitment market, due to its growing population and increased usage of internet by all age groups.
Some of the key players of the online recruitment market are Monster inc., Naukri. Com, Recruit, LinkedIn, TopUSAJobs, SimplyHired, CareerBuilder and many others.
Get the access of more information through our Blog, White Paper and Case Study:
1. Blog On "Find Your Best Candidate Through Online Recruitment Solution"
Online recruitment is a method of matching people to suitable jobs by using the Internet. Basically, it is all about advertising of job vacancies on corporate websites or job sites. This process may generate a lot of responses from job seekers. Nowadays, many companies make use of the online platforms to reach a number of job seekers and hire the best talent for the organization at a less cost, than the physical recruitment process. The implementation of online recruitment procedure allows an organization to easily recognize the number of processes involved.
Online recruiters use different tools to select candidates who have submitted resumes and filled out several application forms. While implementing such an innovative solution, one must consider the entire organization's requirements which may comprise online application submission, candidate testing, and assessment to get the appropriate solution to form an exhaustive recruiting process. Online recruitment solutions may vary based on the size of an organization, and how they aim to implement it. Fundamentally, it is an effective way of getting a huge level of response. While this process may generate large number of applications as compared to traditional print ads.
2. White Paper On "Online Recruitment System To Improve Organizational Staffing"
Online recruitment, also called as E-Recruitment is the process of recruiting potential candidates for required job positions, by using the internet. Currently, many organizations are making use of online recruitment processes to reach out to a number of job hunters and hire skilled candidate for them. This process takes less time than the traditional recruitment process. Online recruitment includes the overall process of finding the potential candidates, evaluating, interviewing and recruiting them according to the job requirements. By using this process, recruitment is done more efficiently and effectively. This paper focusses on the benefits and comforts online recruitment processes.
3. Case Study On "Impacts Of Online Recruitment Process On Businesses."
Nowadays, industries are becoming more online-based while dealing the HR management activities. A number of companies prefer online-recruitment solutions to pick and attract best fit potential candidates also, online career portals have a huge number of qualified candidates that fit every role. Addressing the efficiency of the online recruitment process and generating solutions for difficulties that online recruitment process pose is a major focus of study these days. This study highlights the effectiveness of online recruitment and also determines the phase of recruitment in which organizations get more benefits by using the internet and the HR executives train themselves for better.
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