Global Recruiting Software Market Overview:
Recruiting software is the cost effective tool for hiring solutions for enterprises. Number of passive job seekers are one the rise as LinkedIn puts the figure to 70% and, with over 60% candidates lists online portal as top recruiting channels, the software solution for recruitment has bright scope than it may seem amid question looming large over its efficacy and reliability. Also, netizen millennials want recruitment solutions on the go, with 73% of them found their last position through social media site in United States as of September 2018. Service providers are leaving no stone unturned as key players are adopting concurrent technologies such as predictive analytics and big data to increase their market penetration.
- Growing Need for Enhanced Communication by Recruiters
- Ability of Software to Shortlist Best Suited Candidates with Ease
- Growing Adoption for Cost-effective Recruitment Methods
- Enterprise Brand Exposure as Software Offer Good Platform
- Lacks Effectiveness as System may Miss Out Potentially Great Candidates
- Dependency on Keywords
- Cross-channel Marketing to Provide Better Response
- Implementation of Advanced Technologies Such as Big Data, Predictive Analytics and Blockchain
- Chances of Manipulation Through ATS (applicant tracking systems) Filtering Technology
- Compliance with Data Protection Acts
Some of the key players profiled in the report are Workable Software [United States], Zoho [United States], BambooHR [United States], Ultimate Software [United States], Vincere [Singapore], Lever [United States], CATS Software [United States], Workday [United States], iSmartRecruit [United States] and ATS OnDemand [United States]. Additionally, following companies can also be profiled that are part of our coverage like ClearCompany [United States], Adecco [Switzerland], Randstad [Netherlands], Jobvite [Netherlands], Manpower Group [United States], Hyrell [United States], JobDiva [United States], Allegis Group [United States], Oracle [United States], ADP [United States], ICIMS [United States], CIIC [Ireland], LinkedIn [United States], CareerBuilder [United States], Indeed [United States] and Monster [United States]. Analyst at AMA Research see United States Players to retain maximum share of Global Recruiting Software market by 2026.
Recruitment software solutions are subjected to data breach and it requires strong data protection laws. Global organization such as General Data Protection Regulation (GDPR) has stern rule regarding candidates data breach where companies are liable to pay 4 % of their annual turnover or €20 million, whichever is greater, in case of public data breach.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Recruiting Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Recruiting Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Recruitment Software Solution Providers, Potential Investors, Government Agencies, Research Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.