Online recruitment is also known as E-recruitment. The web-based technology and resources are involved with finding, attracting, assessing, interviewing and hiring new personnel. These resources are also known as third party recruitment websites and help larger organizations in their recruitment processes. The recruitment is processed using IT technical in network systems. A unique tool is bestowed to evaluate the online recruitment market, highlighting opportunities, supporting strategic and tactical decision-making. In today’s competitive environment, it is important to observe the updated marketing information for online recruitment and to make any key decisions for growth and profitability.
According to the market report “Global Online Recruitment Market by Manufacturers, Countries, Type and Application, Forecast to 2022“, the majority of the organizations globally are employing talent acquisition professionals to find the right workers using the emerging technologies available. The talent acquisition team will utilize data analytics and artificial intelligence (AI) tools to try to target a candidate. Almost all the companies worldwide, from manufacturing to professional services and retail industries are all categorized as technology companies. This purely depends on the candidate’s expectation and techniques that the talent acquisition experts apply during their job. The Online Recruitment Industry market is projected to reach 32229 million USD by 2022. Europe is the biggest market cover in this market, with more than 6061 million USD in 2016, ranking the first place, followed by United States and Japan with more than USD 5338 million and 4252 million USD in 2016.
The global online recruitment top players are LinkedIn, CareerBuilder, Monster, SEEK, Naukri, StepStone, Dice Holdings, Glassdoor, SimplyHired, TopUSAJobs, Indeed, Idealist, US.Job. Etc. Geographically the global online recruitment is divided into several regions with respect to revenue, market growth rate, and production.
Geographically, the global online recruitment market covers North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia, etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
The process of recruitment is through already established database in the recruitment websites. The global online recruitment industry is categorized as permanent online recruitment and part time online recruitment. The global online staffing websites encompass various categories such as Secretarial/Clerical/HR, Accounting/Finance, Computing, Technical /Engineering /Scientific, Professional /Managerial, Nursing /Medical /Care, Hotel /Catering, Sales /Marketing, Industrial /Blue Collar /Construction and Education /Teaching.
The latest automatic technology is adopted by many talent acquisition teams to reduce workload in searching for the right candidates. In addition, the data-driven approach was used to surface ideal profiles of active and passive job seekers. With the modernisation, it is necessary to focus on the employer brand, quality of hiring, candidate experience, and recruitment marketing. 15% of the Human Resourcing teams over 40 countries say that artificial intelligence (AI) and automation are influencing the workplace plans. Another 40% say that it will take 2-5 years for their plans to be implemented because AI is in the initial stage and is currently focusing on efficiency. Experts say that with AI, the recruitment is going paperless or is being digitalized.
It is estimated that by the year 2020, there will be a downfall of approximately 85 million qualified workers. Recruitment based on academics is past but few recruiters still use this process. In this process, recruiters focus more on experience, skills and potential to find true high-potential candidates. By the year 2022, the global online recruitment market is expected to reach great heights.
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