Online Recruitment Market & Competition
According to a 2019 market research report by Adroit Market Research, the global online recruitment market was valued at $22 billion in 2017.
The main factors driving market growth are the convenience and advantages of online recruitment platforms which generate a wider audience reach, increased cost-effectiveness, time-savings, process automation and other benefits for both recruiters and job hunters.Source :
The Latin America region is projected to grow at the fastest CAGR of 9.1% reaching the value of $3.8 billion by 2025.
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.
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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.
Features of Online recruitment Service
Ability to post vacancies that are available on websites
User-friendly for entire administrative requirements
Applicant and job tracking
Ability to house all information required for the requirement process
Rank and Assess all the applicants
Provides a schedule to aid with interviewing
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