Recruiting and hiring via the Internet will become even more popular over the next few years, growing to a $4.5 billion market by 2004 and $10.3 billion by $2008. That's just one of the findings of a report from market analysis firm Aberdeen Group.
"Enterprise Talent Management: Sourcing, Staffing, Hiring 2002" focuses on companies that provide software to facilitate hiring, whether it's directly through internal recruiting or applicant tracking software, through external staffing firms, or just by hunting applicants on a job board. Some of the products cited in the study include Lawson, Oracle, PeopleSoft and SAP.
"Business depends on its workforce," says Katherine Jones, managing director in Aberdeen's enterprise business applications practice. "Savvy companies understand that even as they look to contain costs, they must also work to retain and develop the critical talent they require. And software is playing an increasingly important role in the process."
Here are some of the findings:
- Recruiting focus has changed. Companies are now flooded with resumes but the core problem is still the same -locating qualified talent. Recruitment management programs need to be capable of intelligent screening, filtering, sorting and ranking.
- Free agency is on the rise and there's now a pool of more than 10.8 million contingent employees in the U.S. workforce.According to the Bureau of Labor Statistics, 79% of temporary employees and 90% of contract employees work full-time. (83% of traditionally employed workers work full-time.)
- Web recruiting accounts for the majority of job postings today. Solutions range from resume listings to actual matching and recruiting, with the more sophisticated of these solutions providing support for pre-hire activities, such as background checks, interview arrangements, and reference checking.
For more information about the report, go to the Aberdeen Group site .