Online recruitment services are becoming a major part of the recruitment process. Many agencies find them easy to access for faster sourcing of candidates.
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Their basic function is to provide a database of CVs that recruitment agencies can view, with strict confidentiality agreements to limit access.
One of the most used facilities is the job-board which, according to the 2004 Recruitment Channel Report compiled by
Top-Consultant.com, has generated more CV applications than any other recruitment channel.
Statistics show that 60% of candidates would rather find a new job through personal referrals; 50% use recruitment agencies and 55% online job boards.
Based on the results, Top-Consultant.com predicted that future behaviour will show most candidates looking for a new job through personal referrals, then online job boards, followed by agencies, corporate websites and, finally newspapers.
The Association of Online Recruiters states that the growth of online recruitment in the UK has been “phenomenal”, with more than 300 dedicated recruitment businesses using the internet as the principal medium.
According to the National Online Recruitment Survey (Winter 2004) almost half of job seekers use the internet as their preferred method of looking for a job, and up to three quarters have applied for a job online.
More than half of online applicants have obtained an interview as a result, and 44% of these have actually obtained a job through the internet. (www.noras.co.uk).
Online recruitment also has its own economic benefits. IDC forecasts that the world market will be worth $13bn (£7.2bn) by 2005.
“CareerJunction conservatively estimates that it has contributed over R40m (£3.4m) towards the recruitment industry during the past year alone,” said Kris Jarzebowski, managing director of the South African online recruitment agency.
“This is as a direct result of placements made by clients using CareerJunction tools,” he said.
Written by Computing SA staff