Online Recruitment Sales in the US Industry Market Research Report from IBISWorld Has Been Updated

The recession took a toll on the Online Recruitment Sites industry; demand for online job listings dropped as companies looked to cut costs by reducing employee head count and delaying hiring decisions, however, the industry's performance will pick up over the next five years, as the unemployment rate declines and businesses look to hire again. For these reasons, industry research firm IBISWorld has updated a report on the Online Recruitment Sales industry in its growing industry report collection.

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Demand for online recruitment sites will revive as businesses start hiring again.

New York, NY (PRWEB) March 01, 2014

The Online Recruitment Sites industry experienced significant growth throughout the 2000s, until the onset of the recession hit and companies put hiring on hold, hurting demand for industry services. However, the industry was quick to rebound following the recession. Industry revenue expanded 6.1% and 16.5% in 2010 and 2011, respectively, as corporate profit rose and firms reinvested in their workforces. Additionally, more Americans were willing to pay for premium subscriptions to secure new jobs. The internet has become increasingly prominent in consumers' everyday lives and, as a result, the use of online recruitment sites has continued to rise. Consequently, revenue for the Online Recruiting Services industry is projected to grow at an average annual rate of 10.5% to $2.3 billion over the five years to 2014, including growth of 6.1% in 2014. Growth has been particularly strong over the past five years due to the industry recovering from a recessionary low in 2009.

According to IBISWorld Industry Analyst Jeremy Edwards, “Despite strong revenue growth, the industry has gained only a small number of new players.” The recession hurt industry profitability and, as a result, major players purchased smaller, struggling companies. The number of industry enterprises is only expected to grow an annualized 0.8% to 2,903 over the five-year period, due to consolidation. For instance, former major player Yahoo HotJobs was acquired by Monster Worldwide for $225.0 million. Similarly, Indeed was purchased by Japan-based Recruit Co. Ltd. in October 2012.

“Over the next five years, the industry is expected to continue growing as online services become an increasingly important part of consumers' everyday lives,” says Edwards. Industry operators are expected to provide more services to clients, such as candidate assessment, and the recovery of the United States will precipitate more job listings. Rising corporate profit will cause businesses to increase the size of their workforces, and online recruitment sites will benefit from this trend. Additionally, new operators are expected to enter the industry and provide online recruitment services to niche markets such as healthcare and information technology.

For more information, visit IBISWorld’s Online Recruiting Services industry in the US industry report page.

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IBISWorld industry Report Key Topics

Operators in the Online Recruiting Services industry charge employers to list job openings. Firms also maintain databases of resumes that employers can search for a fee. Companies in this industry work entirely online and earn a portion of revenue from ad sales.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.


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