Online recruitment portals help the recruiters to find out the profiles of the candidates and verify or examine them using the online platforms. It also facilitates job seekers, a platform to find and apply for a particular job that interests them anytime from anywhere. Such online recruitment platforms assist in saving cost and time thereby increasing its adoption in several verticals of the industries like secretarial, HR, computing, marketing, IT, finance, and several others.
The growing number of internet and smartphone users is the primary factor fostering the growth of the global online recruitment market. Also, the emergence of unique social media platforms like LinkedIn, Monster, glassdoors, and naukri.com has significantly established the benchmark in the market and also encouraged several new entrants to explore the untapped potential of this market globally. The developments in internet technology like the emergence of high-speed networks have significantly contributed towards generating huge traffic over these online recruitment portals. Moreover, the growing implementation of various technologies like mobile technology, big data, and artificial intelligence in the recruitment process are further likely to escalate the growth of the global market as the recruiters want to have high output with a low investment of time and money. Additionally, the implementation of cloud-based technology with advanced internet infrastructure, convenient availability of high-band networking, and rapid expansion of social networking will further boost the adoption of online recruitment portals all across the globe during the forecast period. The spike in social networking has opened many new avenues and lucrative growth opportunities which has not only revolutionized the way people connect and interact but also leveraged the extent of reach for recruiters and candidates to completely understand their needs and potential.
The global online recruitment market can be segmented into type, application, and region.
By type, the market can be segmented into part-time and permanent online recruitment.
By application, the market can be segmented into sales & marketing, hotel & catering, nursing & medical, professional & managerial, technical & engineering, computing & accounting, financial & secretary, and others.
North America accounts for the largest share in the global online recruitment market due to the high adoption of advanced recruitment solutions in large and small & medium enterprises. Moreover, online recruitments have significantly improved the procedures for both employers and employees in the region, and thereby it is likely to significantly bolster the growth of the regional market in the forthcoming years.
Some of the significant players in the global online recruitment market are Zhaopin, SimplyHired.com, Recruit Holdings Co., Ltd., Robert Half International Inc., LinkedIn Corporation, Glassdoor, Inc., Dice Holdings, Inc., College Recruiter, CareerBuilder, LLC., and 51job, Inc. To cite, in August 2019, Betts Recruiting Inc., a recruiting company in the US, launched the Betts Connect platform to connect companies with skilled professionals. The platform has been built to curate crucial details for the managers like the desired position, target salary, extraordinary accomplishments, and several others.