United Kingdom Online Recruitment Market is Expected to Register a 6.57% CAGR Through 2029
Digital Transformation & Technological Advancements, Growing demand for remote & flexible work and rising importance of employer branding are likely to propel the market during the forecast period.
According to
TechSci Research report, “United Kingdom Online Recruitment Market – By
Region, Competition, Forecast and Opportunities, 2019-2029F”, United
Kingdom Online
Recruitment Market was valued at USD 2.10 Billion in 2023 and is expected to
grow at a CAGR of 6.57% during the forecast period.
In the competitive landscape of the
United Kingdom's Online Recruitment market, there is a growing emphasis on
employer branding and candidate experience. Organizations are increasingly
recognizing the importance of building a strong employer brand and providing a
positive candidate experience to attract and retain top talent.
A strong employer brand can
differentiate an organization from its competitors and make it more appealing
to prospective candidates. Online recruitment platforms play a crucial role in
shaping and communicating an employer's brand through customizable career
pages, branded job postings, and employer reviews. By showcasing their company
culture, values, and benefits, organizations can effectively attract candidates
who align with their brand.
Enhancing the candidate experience is
also a priority for many organizations. Online recruitment platforms offer
features such as user-friendly application processes, personalized
communication, and timely feedback to improve the overall experience for candidates.
A positive candidate experience can lead to increased candidate engagement,
higher application rates, and a stronger reputation as an employer of choice.
Organizations are leveraging data-driven
insights to continuously refine their employer branding and candidate
experience strategies. By analyzing candidate feedback and recruitment metrics,
employers can identify areas for improvement and make data-informed decisions
to enhance their recruitment efforts. As the focus on employer branding and
candidate experience continues to grow, online recruitment solutions will play
a pivotal role in helping organizations achieve their recruitment goals.
Browse over XX Market
data Figures spread through XX Pages and an in-depth TOC on " United Kingdom Online Recruitment Market.”
Based
on Type, The Permanent
Online Recruitment held the largest market share in 2023. Permanent online recruitment dominates the
United Kingdom Online Recruitment market due to several key factors that align
with the evolving needs of both employers and job seekers. The nature of permanent employment aligns with the long-term strategic goals of
many organizations. Companies seek to build stable and committed teams, and
permanent hires are seen as essential to achieving this stability. Permanent
roles often come with benefits such as career development opportunities, job
security, and organizational integration, making them attractive to candidates
who are looking for long-term career growth. Consequently, employers invest
significantly in finding the right permanent employees, driving demand for
effective online recruitment solutions.
The
UK job market exhibits a strong preference for permanent employment contracts,
partly due to the stability they offer in comparison to temporary or freelance
positions. This preference is reflected in the high volume of job postings and
applications for permanent roles on online recruitment platforms. These
platforms are designed to cater specifically to the needs of permanent
recruitment, providing features such as detailed job descriptions, extensive
candidate profiles, and advanced matching algorithms that facilitate the search
for suitable long-term candidates. Permanent
online recruitment is bolstered by the development of sophisticated applicant
tracking systems (ATS) and recruitment software that streamline the hiring
process. These technologies enable employers to efficiently manage candidate
applications, conduct thorough evaluations, and make informed hiring decisions.
The efficiency and effectiveness of these tools are particularly valuable in
the context of permanent recruitment, where finding the right fit is crucial
for long-term success. The
increasing emphasis on employer branding and candidate experience in permanent
recruitment contributes to its dominance. Online platforms offer features that
help organizations showcase their culture and values, attract top talent, and
maintain a positive candidate experience throughout the recruitment process.
Based on Region, Scotland has emerged as the fastest-growing region in the United Kingdom's online recruitment market, reflecting a significant shift in how job seekers and employers interact. This surge can be attributed to a combination of technological advancements and changing economic dynamics. Online recruitment platforms have become increasingly sophisticated, offering tailored solutions that address Scotland’s unique job market needs. As more companies recognize the efficiency and reach of digital recruitment, the region has seen a notable uptick in online job postings and applications, driving growth in this sector.
Another factor contributing to Scotland's rapid expansion in the online recruitment market is the growing emphasis on remote and flexible working arrangements. The rise of remote work has created new opportunities for Scottish businesses to tap into a broader talent pool beyond traditional geographical boundaries. This shift has prompted an increase in online job postings and applications as companies and job seekers alike adapt to a more digital and flexible work environment. Scotland's focus on leveraging digital tools to enhance recruitment processes has positioned it as a leader in this evolving market. Scotland's robust digital infrastructure and supportive government policies have played a crucial role in fostering growth in the online recruitment sector. The Scottish Government's initiatives to promote digital skills and innovation have helped businesses and job seekers navigate the increasingly digital job market more effectively. As Scotland continues to invest in its digital capabilities and online recruitment strategies, it is well-positioned to maintain its status as a key player in the UK's online recruitment landscape, driving further growth and innovation in the years to come.
Major companies
operating in the United Kingdom Online Recruitment Market are:
- Recruit Holdings Co., Ltd.
- Sage Software, Inc
- Hays plc (Hays Group)
- Robert Half Inc.
- Adecco Group AG
- Purplelabs Search Private Limited
- Xpheno Private Limited
- Goodpsace.AI Private Limited
Download Free Sample Report
Customers can
also request 10% free customization on this report.
“The market
opportunity in the United Kingdom Online Recruitment market is substantial,
driven by the increasing adoption of digital recruitment tools and
technologies. As businesses embrace remote work and flexible employment models,
there is a growing demand for advanced online recruitment solutions that
streamline hiring processes and enhance candidate experience. Innovations in
AI, automation, and video recruitment present opportunities for growth, while
the need for robust data security and integration solutions underscores the
potential for continued market expansion. This evolving landscape offers
significant prospects for companies to innovate and capture a larger share of
the recruitment technology market.” said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based global management consulting firm.
“United
Kingdom Online Recruitment Market, By Type (Permanent Online Recruitment, Part-Time
Online Recruitment), By Application (Finance, Marketing, Sales, Engineering,
IT, Hotel & Catering, Others), By Technology Type (Chatbot, Candidate
Relationship Management Platform, Application Tracking System, & Video
Interviewing (AI-based)), By Region, Competition, Forecast & Opportunities,
2019-2029F”, has evaluated the future growth
potential of United Kingdom Online Recruitment Market and provides statistics
& information on Market size, structure and future Market growth. The
report intends to provide cutting-edge Market intelligence and help decision-makers
make sound investment decisions., The report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
United Kingdom Online Recruitment Market.
Contact
Techsci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States-
10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com