Online Recruitment Market:
Executive Summary
Online recruitment is the process of conducting the hiring process online, over the internet, without calling the candidates to the job location for the interview procedures. With the globalization of jobs, candidates are hired from different parts of the world. It is therefore not very convenient for face to face hiring sessions, at least initially. Hiring people through online channels helps employers choose from a large pool of candidates and people looking out for jobs have more choices to pick from.
There are many advantages to online recruitment services which make this market well-suited to grow in the future. It is cheaper to conduct recruitment processes online. Online hiring also saves precious time for both the employers and the candidates. The growth in big data and increasing use of Artificial Intelligence (AI) processes in hiring both acts as positive factors to the growth of this market. The increasing use of social media platforms by companies and candidates is also considered an opportunity for growth.
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In 2018, the global online recruitment market was valued at USD 24.29 billion. This value is projected to grow with a healthy growth rate of 6.52% in the periods between 2019 and 2026. This report talks about both quantitative and qualitative aspects of the market and identifies key market drivers that make a difference in the growth of this industry. The report further identifies key players in the market and their growth rate, expansion strategies and developmental plans for the years up to 2026.
Market Major Player
Eastman Chemical Company, Synthomer Plc, BASF SE, Croda International Plc, Evonik, Industries AG, Arkema Group, Celanese Corporation, Elementis Plc, DowDuPont.
Market Segmentation
The two basic types of work for which candidates take up online recruitment processes are part-time and full-time jobs. Part time jobs are more flexible and can allow facilities like telecommuting. Full-time jobs have a set number of hours the candidates have to work in a week and this pays better than part-time profiles. The demand for online hiring by both these types of jobs is discussed in the report. There are different areas of application for this type of recruitment. HR, sales and marketing, clerical, accounting, computing, engineering, and managerial roles are investigated and their demand for online recruitment is identified.
Regional Analysis
North America, Europe, Latin America and the Rest of the World are included in this study and owing to easy access to job information and rising usage of social media by candidates, North America remains a top market to consider when it comes to online recruitment processes. Europe and its countries will also be important regions that cannot be ignored when the growth of this market is considered. Because of the drastic increase in the number of industries developed in countries like India and China, Asia-Pacific will show very high growth rate in the coming years.
Continuous…
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