Companies in the Online Recruitment Market are LinkedIn, Naukri.com, Talent Lyft , Zoho Corporation Pvt. Ltd., Indeed ,Hacker Rank , Self-Management Group, Pymetrics, iCIMS, Ultimate Software, Monster Worldwide, Inc. Jobvite, Inc., Ideal, Textio, SAP SE, Recruiter box Inc, Recruitee.com Bamboo HR LLC CEIPAL Corp., iSmartRecruit
According to a recent report published by Fortune Business Insights, titled, “Online Recruitment Market” Size, Share and COVID-19 Impact Analysis, By Type (Permanent Online Recruitment, Part Time Online Recruitment), By Application (Secretarial/ Clerical, Accounting/ Financial, Computing, Technical/ Engineering, Professional/ Managerial, Nursing/ Medical/ Care, Hotel/ Catering, Sales/ Marketing, Other Industrial/ Blue Collar) and Regional Forecast, 2020 2027” the global Online Recruitment Market Size was valued at USD 28.68 billion in 2019, and is projected to reach USD 43.39 billion by 2027, growing at a CAGR of 7.1% from 2020 to 2028.
Significant Development:
April 2020: Total jobs Group Ltd., which is a pioneer in recruiting, launched Total jobs Video Interviewing, which is a software targeted to perform professional video call interviews due to the crisis of COVID-19.
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Online recruiting is the act of scouring the Internet to locate both actively searching job seekers and also individuals who are content in their current position (these are called “passive candidates”). It is a field of dramatic growth and constant change that has given birth to a dynamic multibillion-dollar industry.
Traditionally, recruiters use large job boards, niche job boards, as well as social and business networking to locate these individuals. The immediate goal of Internet recruiting is to find individuals that a recruiter or company can present to hiring managers for the purpose of employment. Quite often, Internet recruiters have very short-term goals when it comes to recruiting online. The general catalyst that sparks this process is when a new job requisite comes in (called a REQ). The recruiter scans his or her database to see if anyone’s resumes match the requirements. If not, they proceed to search on the Internet.
The report on the Online Recruitment Market includes:
- Authoritative insights into the Online Recruitment Market Size
- Key industry trends
- Strategies adopted by major players
- Dominating regions
Segmentation :
By Type – Permanent Online Recruitment, Part Time Online Recruitment,
By Application – Secretarial/ Clerical, Accounting/ Financial, Computing, Technical/ Engineering, Professional/
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Drivers and Restraints:
Increasing Demand for Global Automation to Simulate Market Growth
The increasing demand for automation in all sectors has led to the development of evolved technologies applicable in all sectors. There has been a substantial shift from conventional and traditional methods of job hunting to utilization of digital platforms to search for a job. The majority of the companies are switching to online platforms to recruit employees as the process is convenient and hassle free. Whereas, the employees too are applying on these portals, as it is more involving and reduces time consumption in traveling. All communication processes such as job postings, confirming employee’s job application and online interviews too are done via the internet by companies. This is expected to steer market growth during the forecast period.
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Global Online Recruitment Market Expected to Reach USD 43.39 Billion by 2027
