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US Online Recruitment Market to Grow by USD 4.22 Billion (2024-2028) with Innovations in Hiring, AI Driving Market Transformation – Technavio Report

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NEW YORK, Aug. 23, 2024 /PRNewswire/ — The online recruitment market size in US is estimated to grow by USD 4.21 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  7.44%  during the forecast period.  Innovations in hiring process is driving market growth, with a trend towards increase in use of ai-powered searches. However, decline in profitability due to high level of competition  poses a challenge. Key market players include Adecco Group AG, Barbachano International, Betterteam Pty Ltd., CareerBuilder LLC, College Recruiter Inc., CornerStone Search Group LLC, DHI Group Inc., JobHat.com, Jobing.com LLC, Ladders Inc., Microsoft Corp., NationJob Inc., Nippon Telegraph And Telephone Corp., Ragns Inc., Randstad NV, Recruit Holdings Co. Ltd., Self Management Group, Snagajob.com Inc., The Select Group LLC, and ZipRecruiter Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Hospitality, Manufacturing, Healthcare, BFSI, and Others), End-user (Employers and Non-employers), and Geography (North America)

Region Covered

US

Key companies profiled

Adecco Group AG, Barbachano International, Betterteam Pty Ltd., CareerBuilder LLC, College Recruiter Inc., CornerStone Search Group LLC, DHI Group Inc., JobHat.com, Jobing.com LLC, Ladders Inc., Microsoft Corp., NationJob Inc., Nippon Telegraph And Telephone Corp., Ragns Inc., Randstad NV, Recruit Holdings Co. Ltd., Self Management Group, Snagajob.com Inc., The Select Group LLC, and ZipRecruiter Inc.

Key Market Trends Fueling Growth

Online recruitment in the US is undergoing a transformation through the adoption of artificial intelligence (AI) technology. Recruiters can now use AI-powered search engines to find candidates matching specific job designations. These engines send automated notifications to potential applicants and chatbots facilitate the initial contact. Chatbots categorize candidates based on qualifications and job requirements, while AI analyzes facial expressions and cognitive intelligence through tools like HireVue. This technology helps recruiters determine cultural fit, automate workflows, and make impartial, cost-effective hiring decisions. The use of AI in recruitment is expected to increase, with companies like The Carlyle Group partnering with HireVue to innovate. AI enhances recruiters’ roles by making them more proactive, improving hiring decisions with data, and streamlining the hiring process. This trend will fuel the growth of the online recruitment market in the US. 

The online recruitment market in the US is thriving, with e-recruitment, digital recruitment, and web-based resources becoming the norm. Job boards, social media sites, and specialized recruitment software are popular tools for posting vacancies and connecting with candidates. Hiring processes are increasingly digital, utilizing AI and machine learning for automated candidate screening and data-driven recruitment decisions. IT segment jobs, including soft and hard skills, dominate online job postings. Candidates use job search engines and recruitment websites for advanced search options and resume builders. AI-powered recruitment tools streamline the recruitment process, providing candidate-job matches and career guidance. Remote hiring, diversity hiring, and full-time or part-time positions are common. Security issues and chatbots are part of the recruitment procedures. Big data analytics provide valuable insights for talent acquisition across industries, from finance and sales to engineering, IT, hotel and catering, and more. 

Discover a Comprehensive 360° Market Analysis: Understand the Impact of AI. For detailed information- Request Sample!

Market Challenges

The online recruitment market in the US is experiencing increased competition as new players enter the scene. Hundreds of tools are available for recruiters to fill job vacancies, with vendors such as LinkedIn, Monster, CareerBuilder, and College Recruiter facing intense competition. Small vendors are entering the market, impacting pricing strategies of larger vendors. While some tools, like Monster, offer job postings, others like LinkedIn and Glassdoor provide company information and employee reviews. Recruiters must find the right tool for their specific job requirements, as each job and recruitment process varies. The high-level competition in the market may reduce the profitability of vendors, potentially hindering the growth of the online recruitment market during the forecast period. It’s essential for recruiters to evaluate the unique features of each tool and choose the one that best fits their needs.The online recruitment market in the US is growing rapidly, with industries such as Part-time, Finance, Sales, Engineering, IT, Hotel and Catering, among others, increasingly turning to digital platforms for hiring. Challenges include automating candidate screening for Finance and Sales positions, remote hiring for IT and Engineering roles, and implementing diversity hiring practices. Data-driven recruitment decisions are key, utilizing big data analytics and ML. Security issues, chatbots, and resume management are also important considerations. The Fourth Industrial Revolution brings cloud-based technologies, social networking, and mobile-based recruitment solutions. Smartphone demand and internet recruitment are driving trends, with human resource management adapting to mobile recruiting, video interviews, and language barrier solutions. Skilled recruiters are essential for navigating these complexities.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This online recruitment market in US report extensively covers market segmentation by

Application 1.1 Hospitality1.2 Manufacturing1.3 Healthcare1.4 BFSI1.5 OthersEnd-user 2.1 Employers2.2 Non-employersGeography 3.1 North America

1.1 Hospitality-  The online recruitment market in the US is thriving, with an increasing number of companies adopting digital platforms for hiring. Websites like LinkedIn, Indeed, and Glassdoor offer employers access to a large pool of job seekers, allowing for efficient and cost-effective recruitment. Applicant Tracking Systems enable streamlined processing of resumes and interviews, reducing time-to-hire. Online assessments and video interviews further enhance the hiring process, providing a convenient and accessible solution for both employers and candidates.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The online recruitment market in the US is experiencing significant growth as businesses increasingly adopt digital tools to streamline their hiring processes. E-recruitment, also known as digital or web-based recruitment, utilizes job boards, social media sites, and specialized software to connect vacancies with candidates. These web-based resources offer convenience and efficiency, enabling employers to reach a larger pool of applicants and candidates to apply for jobs from anywhere. Digital tools such as AI and machine learning are revolutionizing the recruitment industry, providing candidate-job matches, resume management, and employee screening. The Fourth Industrial Revolution, driven by cloud-based technologies and social networking, is further transforming online recruitment. Mobile-based recruitment solutions cater to the growing demand for smartphone usage, allowing candidates to apply and interview via mobile devices. Online recruitment encompasses part-time and permanent jobs, with ML and video interviews becoming increasingly popular for initial screening. Human resource management benefits from these digital innovations, allowing for more data-driven decisions and efficient processes. Overall, the online recruitment market continues to evolve, offering numerous advantages for both employers and job seekers.

Market Research Overview

The online recruitment market in the US is experiencing significant growth as businesses increasingly turn to digital tools to find and hire candidates. E-recruitment, also known as digital or web-based recruitment, utilizes job boards, social media sites, and specialized software to streamline the hiring process. Candidates can search for vacancies using advanced search options on job search engines and career guidance sites, while employers can post job listings for full-time, part-time, and temporary positions in various industries such as IT, finance, sales, engineering, and hospitality. Digital recruitment tools include AI and machine learning algorithms for automated candidate screening, chatbots for initial interviews, and data-driven recruitment decisions based on big data analytics. The use of cloud-based technologies, mobile-based recruitment solutions, and social networking sites has become essential in the fourth industrial revolution. Remote hiring, diversity hiring, and security issues are also key considerations in the online recruitment landscape. Candidates can build resumes using resume builders and apply for jobs through various digital channels. Recruitment procedures include employee screening, assessment tools, and video interviews to ensure a good candidate-job match. The language barrier can be overcome through translation services and multilingual job postings. Overall, online recruitment offers numerous benefits, including cost savings, increased efficiency, and a larger talent pool.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationHospitalityManufacturingHealthcareBFSIOthersEnd-userEmployersNon-employersGeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Azure releases Cobalt on ARM; shown by Liftr Insights

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Liftr Insights data reveals extent of Azure’s deployment; following AWS’s lead almost a decade prior.

AUSTIN, Texas, Nov. 13, 2024 /PRNewswire/ — Liftr Insights, a pioneer in market intelligence driven by unique data, revealed data showing the first appearance of Azure’s Cobalt CPU on the ARM architecture.

The introduction of Cobalt implies more growth of ARM is coming.

Liftr data has shown the first appearance of the Cobalt CPU designed by Azure. These new instance types, first appearing in 21 different regions across 4 continents, are run on the ARM architecture and will complement the existing ARM-based instances at Azure, which were sold to Azure by Ampere Computing.

“Our customers and the supply chain has been talking about this shift to ‘home-grown’ coming for years,” says Tab Schadt, CEO of Liftr Insights. “Many years back, AWS forged ahead to prove the value of running instances on their own designs.”

Intel and AMD are paying attention. While their sales to cloud providers have risen over the past few years, as shown by Liftr data, they were losing an increasing portion of the total market each month. That portion was going to ARM-based processors. While ARM represented 4.7% of public cloud CPUs at the end of 2021, it is close to representing 1 out of every 10 instances. For AWS, ARM is close to 1 out of 4 instances. While Azure has less ARM coverage, the introduction of Cobalt implies more growth of ARM is coming.

Ampere Computing is also watching these developments. After AWS’s initial success with their ARM-based instances, Graviton, all the other top cloud providers eventually adopted ARM using Ampere CPUs. Ampere grew from a few hundred instance types in 2021 to thousands and supporting 24.9% of the ARM instances in the cloud as of mid-2024.

“In addition to the power benefits of ARM, price-point is also a factor for enterprises,” says Schadt.

Liftr data show that the average price of the ARM-based instances on a pre-core basis is 50.5% the cost of x86 instances. This is even after a history of x86 prices per core decreases and ARM prices increases, according to Liftr Insights’ half-a-decade of history.

About Liftr Insights
Liftr Insights generates reliable market intelligence using unique data, including details about configurations, components, deployment geo, and pricing for:

Server processors: Intel Xeon, AMD EPYC, Aliyun Yitian, AWS Graviton, and Ampere Computing AltraDatacenter compute accelerators: GPUs, FPGAs, TPUs, and AI chips from NVIDIA, Xilinx, Intel, AMD, AWS, Google, and Qualcomm.

As shown on the Liftr Cloud Regions Map at https://bit.ly/LiftrCloudRegionsMap, among the companies tracked are Amazon Web ServicesMicrosoft AzureAlibaba CloudGoogle Cloud, Oracle CloudTencent Cloud, CoreWeave, Lambda, and Vultr as well as semiconductor vendors AMD, AmpereIntel, Qualcomm, and NVIDIA. Liftr Insights subject matter experts translate company-specific service provider data into actionable alternative data. 

Liftr and the Liftr logo are registered service marks of Liftr Insights. The following are trademarks and/or service marks of Liftr Insights: Liftr Insights, Cloud Components Tracker, Intelligence Compute Tracker, and Liftr Cloud Regions Map. 

The following are registered intellectual property marks, trademarks, or service marks of their respective companies:
Amazon Web Services
Microsoft Azure
Alibaba Cloud
Google Cloud
Oracle Cloud
Tencent Cloud
CoreWeave
Lambda
Vultr
Intel Corporation
Ampere Computing
Qualcomm
NVIDIA
AMD
ARM 

View original content to download multimedia:https://www.prnewswire.com/news-releases/azure-releases-cobalt-on-arm-shown-by-liftr-insights-302300378.html

SOURCE Liftr Insights

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GEMCAP SOLUTIONS, LLC TO AUCTION THE PERSONAL PROPERTY OF LOOP MEDIA, INC. AND RETAIL MEDIA TV, INC. VIA PUBLIC SALE

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SAN ANTONIO, Nov. 13, 2024 /PRNewswire/ — Pursuant to Section 9-610 of the Uniform Commercial Code, GemCap Solutions, LLC, as servicer and attorney-in-fact for secured party GemCap Holdings, LLC (the “Secured Party”) will hold a secured party public sale to the highest and best bidder for cash, with reserve, to be conducted telephonically by the Secured Party on Thursday, December 5, 2024 at 11:00 a.m. Central Standard Time (the “Public Sale”). Qualified Bidders (defined below) may attend the Public Sale telephonically.

The Secured Party is conducting the Public Sale to foreclose the security interest held by the Secured Party in and to substantially all of the personal property assets LOOP MEDIA, INC., a Nevada corporation, and RETAIL MEDIA TV, INC., a Nevada corporation, jointly and severally (the “Borrower”) including, without limitation, (i) inventory (“Inventory”), (ii) accounts receivable (“Accounts Receivable”), (iii) certain machinery and equipment owned by the Borrower all as set forth on the schedule prepared by Secured Party (collectively, the “FF&E”), (iv) all of its patents, trademarks and trade names, including “Loop”, “Loop Media”, “Music News Loop”, and “Retail Media TV”; domain names owned by Borrower, including www.loop.tv; and the Borrower’s customer list (collectively, the “Intellectual Property”), and (v) trade fixtures (“Trade Fixtures”). The Inventory, Accounts Receivable, FF&E, Intellectual Property and Trade Fixtures are collectively referred to as the “Public Sale Collateral”.

The Secured Party is conducting the Public Sale to foreclose the lien and security interest held by the Secured Party in and to the Public Sale Collateral.  At the Public Sale, all of Borrower’s right, title and interest in and to the Public Sale Collateral will be sold “as is” and “where is” and the Secured Party shall make no representation or warranty, either express or implied, relating to title, use, quiet enjoyment, possession, merchantability or fitness for a particular purpose, completeness, condition or the like, all of which are hereby disclaimed, in the sale or disposition of the Public Sale Collateral.  In addition, the Public Sale Collateral is being sold (i) free and clear of Secured Party’s liens and any subordinate security interests, and (ii) without recourse to Secured Party, its attorneys and representatives.  The Public Sale of the Public Sale Collateral, if made, shall be to the highest and best bidder.

In order to participate in the bidding process, each person or entity (a “Potential Bidder”) must deliver to the undersigned (i) an executed confidentiality agreement in form and substance acceptable to Secured Party, (ii) current financial statements of the Potential Bidder or other evidence acceptable to Secured Party that will show the financial ability of the Potential Bidder to purchase the Public Sale Collateral, (iii) a completed and executed Asset Purchase Agreement in the form provided by Secured Party, and (iv) a deposit in an amount equal to ten percent of the bid amount which will be held in escrow by Secured Party.  A Potential Bidder that complies with the foregoing requirements shall be deemed a “Qualified Bidder”. Those Qualified Bidders participating at the Public Sale shall be provided with the telephone number and passcode to attend the Public Sale and shall be given the opportunity to bid on a competitive basis.

At the Public Sale, each of the Inventory, Accounts Receivable, and the Intellectual Property, may be offered for sale in separate lots or in combination lots and the Public Sale Collateral will be offered as a single lot.  At the conclusion of the Public Sale, the successful bidder(s) must pay the final bid amount in full by a wire transfer of funds to the Secured Party.  The Secured Party reserves the right to credit bid on any or all of the Public Sale Collateral at the Public Sale.  The Secured Party reserves the right to reject all bids, adjourn or cancel the Public Sale.

For further details regarding the Public Sale Collateral, obtaining the confidentiality agreement and the form asset purchase agreement, and information regarding the Public Sale, you may contact either Michael Berens, Esq. by email at mberens@gmail.com or by telephone at (530) 304-6922 or David Ellis by email at dellis@gemcapsolutions.com or by telephone at (310) 494-1437.

Media Contact:
David Ellis
Email: dellis@gemcapsolutions.com
Direct: 310-494-1437

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SOURCE GemCap Solutions, LLC

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CINC Systems Announces Formation of Client Advisory Circle

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Exclusive client advocacy community aims to drive innovation and collaboration in the community association management industry.

DULUTH, Ga., Nov. 13, 2024 /PRNewswire/ — CINC Systems, the leading software solutions provider for the community association management (CAM) industry, announced today the formation of a client advocacy community dedicated to fostering conversation, collaboration, and innovation in the CAM space. This group’s formation aligns with the significant investments CINC is making in releasing multiple new groundbreaking products.

“We succeed when our clients thrive,” said CINC Systems Chief Client Advocate Dawn Randall, the committee’s executive sponsor. “I’m excited to collaborate with such an incredible group of industry leaders. This partnership will allow CINC to meet our industry’s evolving needs while providing a valuable platform for like-minded executives to network and ideate. I look forward to engaging in impactful conversations and creating lasting change together, focusing on solutions that lessen tedious tasks and allow for more meaningful work. By collaborating side-by-side, we will better serve our clients and elevate the business of community.”

CINC has long relied on client input to drive feedback. This group puts more structure around the effort. The new Advisory Circle brings together leaders from a diverse range of CAM companies across the U.S. Creating a unique balance of perspectives ensures that CINC hears the needs of the entire industry.

“If you’re not currently included, rest assured—this is an evolving board, and there will be future opportunities to join,” Randall said. CINC will continue to add to the board as soon as next year. Each board member serves a term to ensure fresh perspectives and new voices can continually contribute.

The group listed below was selected as CINC launched this initiative.

Terri Allen of Spectrum Association ManagementLiz Commando of Taylor Management Company Tracy Durham of Edison Association Management Jason Delgado of Rise Association Management Jamie Falconer of Foster Premier Management Dana Hizkaya of Next Generation Management Services Christina McCandless of Principle Association Management Company Kyle Priestley of Priestley Management Company Janice Roberts of Kuester Management Group Blake Sanford of PMI Corporate Brad van Rooyen of HomeRiver Group Steve Weclew of Condominium Associates Gail Windisch of Tidewater Property Management 

Founding member Brad van Rooyen said, “I am honored to be a part of it. I am looking forward to the meaningful collaboration, communication, and networking events that this group has to offer.”

The Advisory Circle is the latest CINC Systems initiative designed to empower CAM professionals and advance the industry. Members are committed to supporting ongoing programs that include industry events, research and reports, legislative advocacy, and the “CINC Tank,” where innovative ideas are identified, tested, and launched.

“The most successful CAM companies will be those that embrace transformation,” said CINC Systems CEO Ryan Davis, also an executive sponsor of the Advisory Circle. “CINC is dedicated to paving the way forward, not only with intuitive products, but also by creating the conditions for collective knowledge sharing, problem-solving, and innovation. I’m thrilled to welcome our founding Advisory Circle members and honored to work alongside these visionary leaders. Together, we can stamp out the tedious work and allow CAM leaders to focus on the meaningful work they enjoy.”

About CINC Systems
CINC Systems is the largest provider of accounting and management software in the community association management industry and the innovator behind accounting and banking integration. Founded in 2005 by a banker as the industry’s first SaaS platform, CINC has evolved into the largest and fastest-growing software provider in the CAM industry. With a team of more than 250 employees, CINC delivers software and applications to tens of thousands of associations across the U.S., reaching millions of homeowners. In January of 2024, Hg Capital made a significant investment in CINC to accelerate the company’s growth trajectory and institute rapid product development.

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SOURCE CINC Systems

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