What is Virtual Hiring Tools Market?
Virtual hiring is a process that occurs remotely, with no personal interactions between recruiters and candidates. This is usually facilitated by technology solutions such as video conferencing software, virtual event software, and chat solutions. These enable recruiters to conduct interviews and evaluate candidates remotely. Virtual hiring encompasses almost every aspect of the digital recruiting ecosystem. In addition to video conferencing interviews, recruiters can virtually engage candidates through text recruitment, live chat, and automated chatbots. Virtual events such as career fairs, seminars, information sessions, webinars, and professional development sessions are also versions of virtual recruiting. In recent years, virtual hiring has grown from a novelty to a necessity for recruiters around the world. The recent disruptions to the global economy, as well as our ability to travel and gather together, have only made virtual recruiting even more important to any company's hiring strategy. Before COVID-19, some companies had already implemented some virtual recruiting strategies, but now more and more companies are actively recruiting, hiring, and engaging without ever meeting candidates in person. Virtual hiring strategies are important tools in the toolbox. You can help companies hire remote workers from around the world without worrying about flying people into meetings. And in the event of a national crisis or a company-specific problem, the recruiting process can continue without any problems.
The market study is being classified by Type (Solution and Services), by Application (Recruitors/Employers and Job seekers) and major geographies with country level break-up.
AllyO (United States), Harver B.V. (United States), Myinterview Solutions Pty Ltd., RecRight (Finland), Spark Hire (United States), VidCruiter (Canada), XOR (United States), TurboHire Technologies Pvt. Ltd. (India), Jobsoid Inc. (United States), Shine (United States), LinkedIn Corporation (United States), Monster Worldwide Inc. (United States), OPTnation (United States) and Recruit Holdings Co. Ltd. (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Robert Half International Inc. (United States) and The Select Group LLC (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Virtual Hiring Tools market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Virtual Hiring Tools market by Type, Application and Region.
On the basis of geography, the market of Virtual Hiring Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Ongoing Digitalization across the Developing Economies
- The Rise in Work-From-Home, Social Distancing, Lockdowns, Major Restrictions on Gatherings, and Other Respective Factors Evolved Due To the Covid-19 Pandemic
- The Growing Use of Social Media and Access to Hassle-Free Job Information
- Rising Globalization, And Innovations in the Hiring Process
- The Increase In The Trend Of Usage Of AI-Powered Searches, Changing Dynamics Of The Recruitment Process, And Big Data Applications And The Use Of Analytics
- The Risk Associated With Data Privacy and Cyber Attacks
- The Development of Advance and Convenient Solutions That Can Ease the Hiring Process Along With the Effective Maintenance of Data
- The Ongoing R&D Activities by the Major Industry Players
- The Decline in Profitability Due To a High Level of Competition
LinkedIn had released new tools in response to all aspects of the job hunt going virtual due to COVID-19, including the job interview itself. LinkedIn had launched a test version of a new video introduction feature, as well as an AI-powered tool that gives feedback on peoplesí spoken word responses. LinkedIn has brought AI-powered instant feedback to its interview preparation tools, which can help candidates prepare for common screening questions. This feature is rolling out globally and can be accessed immediately after applying for jobs through LinkedIn.
Key Target AudienceProviders of Virtual Hiring Tools, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Virtual Hiring Tools Market?
"The Ongoing Digitalization across the Developing Economies
" is seen as one of major growth factors of Virtual Hiring Tools Market in years to come.
2. Can we have customized study for Virtual Hiring Tools Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Virtual Hiring Tools Market?
United States will lead Virtual Hiring Tools Market in coming years.