It is undoubtedly certain that recent technological advancements have shaped the way companies operate internationally. The global access to internet allows HR departments nowadays to conduct their talent acquisition strategies within the open web-based space, thus enabling adaptation to where clearly the vast majority of job seekers are. Such integrating mechanism offers a fruitful adding value approach for companies, leading them to reach a greater number of talented candidates matching the specific job opening at stake.
The concept of online recruitment lies fundamentally in dealing with job vacancies and potential candidates through different web-based platforms such as job boards, corporate sites, social media and HR technology tools based on applicant tracking software (ATS).
Adopting such innovative procedure in recruiting, allows companies to spread their geographical reach, speed up the hiring process, lower the costs incurred compared to traditionally old-fashioned methods of selection and automate the process facilitating interaction with candidates.
The last half decade has seen an increase in the market size of online recruitment. The Global Online Recruitment Market research shows a market value of 9bn euro for the year 2015, a figure which between 2012 and 2016 follows an increasing compound annual growth rate (CAGR) of 14,5%. Moreover, within the industry of online recruitment, applicant tracking systems (ATS) have taken the lead to 1,4bn euro in size (Talent Acquisition Market research, 2014) growing at a pace of 11,37% CAGR over the period 2013-2018.
These figures indicate the significant growth in market that online staffing business is currently undergoing and allow us to predict that throughout the upcoming years, the industry of HR technology in candidate screening will rocket as a consequence of the revolutionary use of the internet for talent acquisition purposes.
That’s why, at skeeled we serve as the key intermediary spot between the moment in which the candidate applies online and the right information gets stored in the applicant tracking system. Our software, shortlists the best talents for your company by interrelating the right skills, knowledge and attitudes required with the right personality. Moreover, the recruitment screening and hiring process with skeeled improves your long-term talent acquisition strategy thanks to our video recruiting tool which enables companies to visually track candidates already from the moment they apply. Video technology definitely helps reaching candidates from multiple geographical locations, shorter the time to hire and reduce travel costs.
Do you want to find out more? Contact us now and you will be able to test our software for free before you get set into the future of recruitment :)
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