Companiesandmarkets.com

Global online recruitment market: 14.5% CAGR between 2012-2016

Press Release   •   Aug 08, 2013 13:41 BST

The Global Online Recruitment market is to grow at a CAGR of 14.52 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in the number of social recruiting platforms. The Global Online Recruitment market has also been witnessing the emergence of mobile recruitment (m-recruitment). However, privacy and security issues related to the personal information of candidates could pose a challenge to the growth of this market.

One of the main trends witnessed in the Global Online Recruitment market is the emergence of m-recruitment. Nowadays, mobile devices such as smartphones and tablets are being increasingly used by candidates to access job-related information on the go. Recruiters are also using such devices to post new job openings. With an increase in the adoption of mobile devices, a number of vendors are launching mobile applications that can provide employment opportunities for candidates at their convenience. For instance, CareerBuilder.com provides a service known as Mobile Ambassador, a mobile intranet with social networking features such as chat and video. Monster.com has launched Monster Jobs, a mobile application that is accessible on Android phones and iPhones.

One of the main factors driving the market is the increasing number of social recruiting platforms. There is great demand for social networking sites such as LinkedIn and Facebook, which help organizations gain access to a large number of skilled candidates in a short period of time. Recruiting through social media helps reduce the cost of hiring and also provides a high return on investment.

For more information on the Global online recruitment market, please click here: Global online recruitment market

Follow us on Twitter @CandMResearch

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.