Industry Analysis & Industry Trends
On the job
The recession took a toll on the Online Recruitment Sites industry; demand for online job listings dropped in as companies looked to cut costs by reducing employee head count and delaying hiring decisions. However, the industry's performance will pick up over the next five years, as the unemployment rate declines and businesses look to hire again. Additionally, some firms will target the healthcare and IT markets for potential growth.
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Industry Report - Starting a New Business Chapter
Barriers to entry into the Online Recruitment Sites industry are moderate. The industry's start-up costs are low. Establishing a domain and paying for bandwidth are insignificant expenses, especially for companies that receive outside investments. However, large players hold a large portion of the available market share, making it difficult for smaller players to compete within the same space. Major players like Monster and CareerBuilder have well-established brand names, which help attract clients and users.
The level of competition among industry participants also serves as a barrier to potential entrants. New websites must have a specific market or demographic target before establishing operations... purchase to read more