DUBLIN, May 24, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Online Recruitment Market in the US 2016-2020" report to their offering.
The online recruitment market in the US to grow at a CAGR of 6.47% during the period 2016-2020.
Online Recruitment Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Digital technology has transformed various departments in an organization such as marketing, sales, procurement, and sourcing. The deployment of the digital technology in the HR department has changed the way recruitment is conducted. In the early 2000s, companies started using their websites as the primary medium to distribute information regarding employment opportunities, points-of-contact, and company news.
A trend to note is the use of big data applications in HR. Recruitment analytics have evolved beyond conventional applications such as the source of recruitment and other related information. Big data and the intelligent use of analytics have already influenced various industry sectors, which has recently gained popularity in the online recruitment industry. Organizations need an effective recruitment strategy.
According to the report, growing globalization will have a huge impact on the recruitment market. The phenomenon of globalization has increased the economic and business competition. The US, as one of the key influential economy in the world, holds several competitive advantages like the availability of ample natural resources, a well-defined legal system, and the presence of a productive and ambitious workforce. However, developing economies across the world are striving to achieve these advantages. This has resulted in the creation of opportunities for innovation and increased competition. Currently, companies focus on establishing a diverse workforce to increase innovation and inclusion in the approach to work.
Further, the report states that data security and privacy concerns may have an adverse impact on market growth.
Other prominent vendors
For more information visit http://www.researchandmarkets.com/research/bzqbf4/online
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SOURCE Research and Markets