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Online Recruitment Market Set to Register 7.1% CAGR During 2022-2028

09-22-2022 04:08 PM CET | IT, New Media & Software

Press release from: The Insight Partners

Online Recruitment Market

Online Recruitment Market

Online Recruitment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Job Type (Permanent and Part-Time) and Application (Finance, Sales and Marketing, Engineering, IT, and Others)

The online recruitment market was valued at US$ 29292.3 million in 2021 and it is projected to reach US$ 47315.0 million by 2028; it is expected to grow at a CAGR of 7.1% from 2021 to 2028.
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.

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Companies Profiled in this report includes: ABC Consultants,Glassdoor, Inc.,iPlaceUSA, Inc.,itForte,Info Edge (India) Ltd. (naukri.com),LinkedIn Corporation,Multi Recrut,SH Inc.,StepStone GmbH,TalenTECH Solutions Pvt Ltd (Hiring Plug).

Impact of COVID-19 Pandemic on Online Recruitment Market

The outbreak of the COVID-19 pandemic has negatively impacted the offline recruitment drives across the globe. Covid-19 has had an impact on corporate operations across the world, including hiring. Because of the pandemic, it was vital for businesses to upgrade their recruitment processes quickly and creatively. Organizations have turned to remote operations to combat the pandemic's health hazards and are during overhauling how they employ fresh talent. Using the correct technology, several companies have transitioned from physical to virtual hiring. In the aftermath of the outbreak, HR managers are scrambling to adapt recruitment methods. Fortunately, technology exists to assist in reducing exposure while still obtaining high-quality personnel. Owing to these virtual and online recruitment plans are being highly adopted by organizations to protect both employees and candidates and eliminate the risk of the virus while carrying out hiring drives.

Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well - https://www.theinsightpartners.com/speak-to-analyst/TIPRE00009189?utm_source=OpenPR&utm_medium=10096

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.

Key Elements that the report acknowledges:
Market size and growth rate during forecast period.
Key factors driving the "Online Recruitment market" market.

Key market trends cracking up the growth of the "Online Recruitment market" market.
Challenges to market growth.

Key vendors of "Online Recruitment market" market.
Detailed SWOT analysis.

Opportunities and threats faces by the existing vendors in Global "Online Recruitment" market.
Trending factors influencing the market in the geographical regions.

Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major regions.

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For More Report: https://www.globenewswire.com/en/news-release/2022/07/27/2486603/0/en/Grant-Management-Software-Market-Revenue-to-Cross-2-90Bn-Globally-by-2027-Exclusive-Study-by-The-Insight-Partners.html

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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