E-recruitment to hit $4.5 billion in 2005

E-recruitment may not have lived up to the hype as yet, but research house IDC is predicting the market in Western Europe will be worth $4.5 billion by 2005.

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By  Zoe Moleshead Published  January 3, 2002

E-recruiting may not have lived up to the hype as yet, but IDC is predicting the market in Western Europe is set to take off. The research group anticipates that the market, fuelled by low unemployment rates and an increase in Internet adoption, will be worth $4.5 billion by 2005.

“Countries with low unemployment rates, high turnover rates, and high Internet adoption rates provide ripe market opportunities for e-recruiting services,” said Christopher Boone, IDC’s senior analyst of e-recruiting services research. “Low unemployment rates point to the potential for labour shortages within a country. High Internet adoption rates indicate a willingness to use services delivered via the Internet. Together, these factors are the two main driving forces behind the adoption of e-recruiting services.”

IDC is predicting that the UK and Germany will emerge as the leaders in e-recruiting services among the 16 countries in Western Europe.

“With unique recruiting customs and regulations in addition to different languages and cultures across the 16 countries in IDC's forecast, e-recruiting service providers that seek to address the pan-European market must establish localised services to address each market successfully,” added Boone.

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