Online Recruitment System Market will reach at US$ 76115.0 million by 2032demand and future scope with Russia-Ukraine Crisis Impact Analysis -Recruit, 51job, Monster, LinkedIn, Zhilian, CareerBuilder, StepStone, SEEK, Indeed, Naukri, TopUSAJobs, Eluta, Di

The online recruitment market was valued at US$ 31111.3 million in 2021 and it is projected to reach US$ 76115.0 million by 2032; it is expected to grow at a CAGR of 8.1% from 2021 to 2032.
Digitalization of all business processes including recruitment is attributed to the demand for the market. Digital transformation is changing how businesses work (internal) or communicate with their customers (external). However, in most situations, digital transformation entails purchasing software and data technologies such as recruiting solutions and online recruitment channels, to reduce or remove administrative activities and improve operational performance within and across departments and hiring teams.

Some of the Major Key players profiled in the study are Recruit, 51job, Monster, LinkedIn, Zhilian, CareerBuilder, StepStone, SEEK, Indeed, Naukri, TopUSAJobs, Eluta, Dice Holdings, Jobboom, 104 Job Bank, Jobrapido, Glassdoor, Craigslist, Robert Half, SimplyHired, Totaljobs, Apec.fr, VIADEO, 123-emploi, Jobcentre Plus, Startpagina

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Better productivity and time efficiency: In a variety of ways, online recruiting aids in the speeding up of everyday hiring procedures. Companies can automate administrative tasks such as keeping track of applicant paperwork or arranging interviews. Online recruiters use applicant tracking system (ATS) solutions to screen candidates quickly since the ATS stores all of the requisite candidate data in one location. They will not have to read a resume before moving on to the candidate's cover letter, portfolio, or appraisal because it will be on the same page. Recruiters are not the only ones that profit from online recruitment systems. Candidates can also apply quickly since the processes include auto-filling application forms and one-click apply buttons. Other factors promoting the digitalization are improved candidate analysis and access to vast number of applicants, among others. The above-mentioned factors are promoting the digitalization in recruitment process among companies across the globe, thereby fueling the growth of the online recruitment market

Global Online Recruitment System Market Segmentation:

Online Recruitment System Segmentation by Type:

Permanent Online Recruitment, Part Time Online Recruitment.

Online Recruitment System Segmentation by Application:

Secretarial/Clerical, Accounting/Financia, Computing, Technical/Engineering, Professional/Managerial, Nursing/Medical/Care, Hotel/Catering, Sales/Marketing, Other Industrial/Blue Collar

Market Insights-Online Recruitment Market
Emergence of Fully Remote Companies and Social Media Recruiting
Globalization has Flexible schedules and work from home plans are quickly becoming one of the most demanded perks by job seekers, and businesses are adjusting to meet their workers' needs. As a result, the globe is seeing a growing number of entirely remote businesses. Companies are increasing their online talent pool by encouraging employees to operate remotely because they can now access global talent without being constrained by regional boundaries. As a result, it is observed that more people are using apps and technologies like online recruitment solutions, virtual workplaces, augmented and virtual reality work environments, and advanced multi-media networking tools to control remote hiring and teams.
As recruiters reach for the extra mile, they have adopted social media for attracting potential candidates. With increased mobile usage and on-the-go interactions, recruiters are increasingly capturing users' attention on platforms such as Facebook, Twitter, and LinkedIn. For instance, according to a survey, nearly three-quarters of staff aged 18 to 34 find their most recent jobs via social media. Furthermore, almost 90% of recruiters claim they have recruited someone through LinkedIn. Thus, the rising adoption of social media for recruitment by employers is expected to promote the growth of the online recruitment market.

Job Type-Based Insights
Based on job type, the online recruitment market is segmented into permanent and part-time. The permanent segment held the largest market share in 2020. A permanent job, also known as a full-time job, is an employment arrangement, in which a person works for an employer and is paid directly by them. Unlike a temporary or contract employee who is employed to do a job for a certain period, a permanent employee's employment does not have a fixed end date. Permanent is described as working 35 hours or more per week, according to the Bureau of Labor Statistics (BLS).

The cost analysis of the Global Online Recruitment System Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

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Players operating in the online recruitment market are mainly focused on the development of advanced and efficient products.

In 2020, Tribepad Ltd., a recruitment software company, announced a partnership with WeLove9am, a marketing and advertising agency. The partnership aims to assist Signature Senior Lifestyle Care Homes in facilitating a smooth online recruitment process for their clients.
In 2018, LinkedIn launched a new product to assist employers in managing candidate sourcing, interviewing, and hiring. LinkedIn is also experimenting with how it can assist businesses in improving their diversity by allowing recruiters to assess the gender proportions in a pool of candidates.

Recruiters are constantly using HR automation software in their work. These integrated technology solutions aid in the identification, attraction, engagement, nurturing, and conversion of candidates into applicants. These tools streamline the recruiting process by automating it, making it more effective and quicker.

AI is being used by a growing number of companies in their recruiting processes. Various solutions such as applicant tracking software, interviewing software, and candidate relationship management software are enhancing the overall online recruitment processes across the globe.

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to take optimum advantage of online recruitment, recruitment firms are implementing data analytics-driven solutions for their applicant tracking processes. Jobvite unveiled a data science strategy to power its HR product portfolio in January 2020. This program aims to ensure that company recruiters are given the bestofit applicants and that both candidates and recruiters are not wasting time.

This data-driven approach combines various algorithms and data sources to cover both enterprise-wide recruiting preferences and employee recruiter preferences. to increase technology adoption in online recruitment processes, recruitment firms are forming several cutting-edge technology alliances.

For example, Talview, an AI recruitment start-up, announced in January 2020 that it had become an integration partner with LinkedIn's Talent Hub applicant tracking system. Talview's live interviewing services are now incorporated into the LinkedIn Talent Hub experience, allowing businesses to source, manage, and recruit applicants from a single source. Thus, the above-mentioned factors, coupled with the availability of various recruitment solutions in the global market, are influencing the adoption of online recruitment processes, thereby driving the market.

The online recruitment market is segmented on the basis of job type, application, and geography. Based on job type, the market is segmented into permanent and partotime. In 2021, permanent segment accounted for the largest market share. In terms of application, the market is bifurcated into Finance, Sales and Marketing, Engineering, IT and Others. In 2021, IT segment accounted for a larger share in the market. Geographically, the global Online Recruitment market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, the North America segment accounted for the significant share in the global market.

Digital transformation is changing how businesses work (internal) or communicate with their customers (external). However, in most situations, digital transformation entails purchasing software and data technologies such as recruiting solutions and online recruitment channels, to reduce or remove administrative activities and improve operational performance within and across departments and hiring teams.

However, the COVID 19 Impact has severely impacted the online recruitment market. The US is the world's worstoaffected country by the COVID-19 outbreak. The consequent economic downturn has led to the rise in number of jobless candidates by more than 14 million in the country, which reached 20.5 million in May 2020 from 6.2 million in February 2020. As a result, in 2020, the rate of unemployment increased from 3.8% in February to 13.0% in May in the US; the rise in unemployment rate continued in April as well with 14.4%. This also led to a standstill in recruitment process across the region thereby impacting the online recruitment market.

Key Findings of the Study:


The global Online Recruitment market is segmented into five major regions-North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and South America (SAM) and significant strategic initiatives are being taken by several market players in the Online Recruitment. For instance, In August 2020, Tribepad Ltd., a recruitment software company, announced a partnership with WeLove9am, a marketing and advertising agency. The partnership aims to assist Signature Senior Lifestyle Care Homes in facilitating a smooth online recruitment process for their clients.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global online recruitment market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global online recruitment market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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