On the job: Growing importance of online services will strengthen industry demand

The Online Recruitment Sites industry experienced significant growth since the 2000s as the number of services conducted online has grown. The internet has become increasingly prominent in consumers' everyday lives, which has subsequently driven the use of online recruitment sites by both job candidates and employers. The industry has been further boosted over the five years to 2017 as the job market improved. Over the five years to 2022, the industry is expected to continue growing. Driven by the rapid development and adoption of big data analytics and mobile computing, industry operators are expected to provide a broader range of services that go beyond standard job posting services and resume collection...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
14.6%
Forecast Growth 17-22
Profit
Employment
53,706
Businesses
3,252

Industry Threats & Opportunities

  • Industry operators will provide a broader range of services, benefiting industry revenue
  • The continued shift from traditional to digital media has been the key noneconomic driver of industry growth
  • Strong business sentiment and favorable technological shifts will drive industry growth
  • Industry Report - Industry Investment Chapter

    Capital intensity in the Online Recruitment Sites industry is very low. IBISWorld estimates that for every dollar spent on labor, industry operators spend just $0.01 on the use and replacement of buildings and equipment. Capital costs include the purchase of hardware and software necessary for product development and maintenance. Although these costs can be significant, wages are paid to a variety of employees in the industry, ranging from product developers to software engineers. As a result, total wage costs are also significant for the typical recruitment site. IBISWorld anticipates that capital intensity will increase slightly over the next five years as technological advancements call for new capital investments...purchase to read more.

    Additional Insights for the Online Recruitment Sites Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Online Recruitment Sites Industry are

  • Development of new products
  • Effective product promotion
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Number of broadband connections and Corporate profit in the Online Recruitment Sites industry impact industry performance..

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    What's in this report

    What is the Online Recruitment Sites Industry?

    Online recruitment sites primarily charge employers to list job openings, though they may also earn revenue via ad placement on job listings. Operators also design and maintain databases of resumes and candidate profiles for use by employers and other recruitment agencies. Enterprises in this industry are based entirely online; therefore, traditional recruiting agencies and staffing companies are not included.

    Industry Products
  • Advertising and fees
  • Marketing and sales
  • Premium career services and subscriptions
  • Industry Activities
  • Posting online job openings on behalf of employers
  • Aggregating job postings from various sources into a single, searchable database
  • Maintaining a database of resumes or candidate profiles
  • Maintaining a professional networking platform primarily for employee placement purposes
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of broadband connections
  • Corporate profit
  • National unemployment rate
  • Number of temporary employees
  • External competition

  • Current Performance
  • How the industry works
  • Job market strengthens
  • Expansion of services
  • Consolidation and new entrants
  • Chart: Revenue Growth

  • Industry Outlook
  • Economic and technological developments
  • Intensifying competition
  • Table: Online Recruitment Sites Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Recruitment Sites Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Retail Trade
  • Information
  • Finance and Insurance
  • Real Estate and Rental and Leasing
  • Professional, Scientific and Technical Services
  • Administration, Business Support & Waste Management Services
  • Educational Services
  • Healthcare and Social Assistance
  • Accommodation and Food Services

  • Key Selling Industries
  • Computer Manufacturing
  • Database, Storage & Backup Software Publishing
  • Internet Service Providers

  • Products & Services
  • Premium career services and subscriptions
  • Marketing and sales
  • Advertising and fees
  • Chart: Online Recruitment Sites Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing and retail
  • Healthcare
  • Business administration and support
  • Finance
  • Information technology
  • Other
  • Chart: Major Market Segmentation for the Online Recruitment Sites Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesMarketingDepreciation and purchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Online Recruitment Sites

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Recruitment Sites Industry

  • Industry Globalization
    LinkedIn Corp., Indeed.com, CareerBuilder Inc., Monster.com,
  • Table: LinkedIn Corp. - financial performance
  • Table: Indeed.com - financial performance
  • Table: CareerBuilder Inc. - financial performance
  • Table: Monster.com - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Online Recruitment Sites Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Online Recruitment Sites Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Percentage of services conducted online (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Html5
  • Computer language for structuring and presenting internet content.
  • Pay-For-Performance (Pfp)
  • Site that relies on a pay-per-click business model.
  • Smartphone
  • Mobile phone that functions as a personal digital assistant and a cell phone.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Online Recruitment Sites can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Online Recruitment Sites:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Online Recruitment Sites market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Online Recruitment Sites, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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