With the growth of the internet and all the supporting technology around it, we now have a complex and convenient way to access any kind of information with the click of a button. But how does this affect the recruitment industry? According to Capterra, 75% of HR Practitioners now are using recruitment tools or software. In addition to that, over 90% of them had claimed that doing so improved their hiring process. And it gets better. This article will try and give you an insight to the growing industry of online recruitment platforms and how it could help your company.
What Are Online Recruitment Platforms
Although there are, in fact, multiple ways to post jobs online, among them are online platforms that aim to double down on efficiency for such tasks. Most standard hiring sites simply work like an advertising platform where you post the open position in hopes that someone takes it. But recruitment platforms serve to also ease the process and make sure you get the most fitting employees possible. As for the future employees, they benefit from being directed to positions that either reach their rate or is more fitting for their skillset.
How Are They Better than Traditional Recruitment?
Online recruitment platforms are better than traditional recruitment in the way of streamlining its process where you are only left the task of assessing the talent instead of needing to scout as well. Besides that, below are some more specific points into the matter.
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Efficiency
The rise of technology has allowed the creations of algorithms specifically designed to help you get better employees. Many online recruitment platforms out there filter out the applicants and aim to give you only the best. They also further give you tools to help ease assessment and selecting processes with minimal human contact. Not to mention allowing you to fully customize the experience to best suit your company’s needs.
Audience
Another obvious benefit is the reach of using online hiring platforms. Using these platforms grants you access to select from a large network of a more targeted audience than simply putting up job posts. And with the vast width of the internet, it is also much more likely that you find someone with even the most specific skillsets.
Cost
For a lot of businesses, recruitment can be among the most costly investments. Where, you not only have to pay for the recruitment itself but also retention time, onboarding, and other miscellaneous costs. To most companies, these prices are an investment with the hope that the recruit’s work would make up for it. However, sometimes a worker would resign much sooner than their work’s return on the investment. Proper use of online hiring can decrease this risk immensely. This is due to the supporting of less risky potential employees. With the help of algorithms provided by most online hiring platform, you will also be able to see the reputation of the worker with former employers much more easily.
Results of Recruitment Platforms
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Not only that, according to Business Report, 80% of job seekers are now said to be looking for their next jobs online and this method is still growing in popularity. Due to its convenience, a large majority of HR practitioners are agreeing that online recruitments are
- Easy to use
- Time effective
- Cost-effective
More and more next-generation startups and big companies are looking to online platforms for their hiring. A survey found that over 43% of HR practitioners of the 70% that uses online hiring, have had major successes with online hiring platforms.
The Future of Recruitment Platforms
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According to a study by Market Research Reports, the US market for online recruitment is expected to rise at a CAGR of 6.47% by 2020, surpassing US$10 bn by the end of 2020. Backing this up is, how innovations are being made every day at an alarming rate, and this does not exclude HR solutions such as recruitment platforms. With each update to the future, hiring quality employees will only be made easier and faster still.
