Online Recruitment Market in the US 2018-2022
About Online Recruitment
Online recruitment is the process of using the Internet to seek out and recruit talented candidates for an organization actively. The trickiest part of online recruiting may be deciding the best way to introduce a job offer to a candidate. The purpose of online recruitment is to make the processes more efficient and effective, which would make them cost-effective also. Online recruitment can reach a larger number of potential employees and facilitate the selection process.
Technavio’s analysts forecast the online recruitment market in the US to grow at a CAGR of 6.95% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the online recruitment market in the US for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Online Recruitment Market in the US 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Online Recruitment Market in the US 2018-2022
Technavio recognizes the following companies as the key players in the online recruitment market in the US: CareerBuilder, College Recruiter, Indeed (Recruit Holdings), LinkedIn, Monster, and Robert Half International.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in the use of AI-powered searches. Online recruitment platforms’ search engines provide recruiters with an extensive list of candidates that match their job profiles. By utilizing artificial intelligence, search engines can further categorize or shortlist candidates based on the skillset required by employers.”
According to the report, one driver in the market is growing usage of social media and easy access to hassle-free job information. Online recruitment allows employers to access profiles of potential candidates and easily connect with them through social media platforms. These platforms have a large database and employers have easy access to several candidate profiles and receive real-time updates.
Further, the report states that one challenge in the market is decline in profitability due to a high level of competition. The market is becoming fragmented with new players entering the market. There are hundreds of tools that are available for recruiters, which can be used to fill up the job vacancy.
Indeed (Recruit Holdings)
Robert Half International
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook