Europe Online Recruitment Market

Market Introduction

The European online recruitment market is further segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. Europe is a diverse market with a group of more than 40 countries in it. Western European countries are more advanced than the Nordic and Eastern European countries, which is a key factor contributing to the high adoption of technological solutions across all industries in the western part of Europe. Economically strong countries such as Germany, Italy, the UK, and Spain have been significantly implementing advanced solutions. Over the last decade, job market in Europe has embraced many trends in employment operations, from the importance of continuous professional learning to the evolution of recruitment tools. The concept of traditional work is no longer the same with rise in the millennial population, emergence of new technologies, and growth of gig economy. In addition, the UK exit from the European Union (EU) on March 29, 2017, has created confusion for HR teams and employees. BREXIT has made people hesitant to seek new jobs until they get the sense of secured professional future. As a result, it is becoming more challenging for recruiters to find talent. Thus, recruitment teams are demanding more creative ways to attract potential candidates. Understanding job requirements and being able to adapt to evolving skill gaps is critical in today's dynamic world for addressing and minimizing skills mismatch. Citizens, businesses, training providers, career guidance counsellors, and policymakers all benefit from it. Evidence of such skills is useful not just in developing or modifying educational and training programs, but also in assisting individuals in making educational, training, and career decisions that will help them develop and match their talents to labor market demands and quickly changing workplaces. According to the EU, examining online job portals on real-time is essential for developing the labor market in the region.

In Europe, the COVID-19 pandemic has a different impact on different countries, as only selective countries have witnessed the rise in the number of cases and subsequently attracted strict, as well as prolonged, lockdown periods or social isolation norms. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the robust healthcare systems. According to a new study from Eurostat, the European Union's statistical office, the unemployment rate remained relatively constant from September to December in 2020, with an annual increase of 7.5% percent in 2020 compared to that of 6.5% in 2019. According to a Eurostat report In December 2020, 16 million men and women were unemployed, which indicates a surge of 2 million over that in the previous year. This had a negative impact on the European online recruitment market. However, with the declining COVID-19 cases across the country on average as well as manufacturing units, hospitality sector, and retail stores resuming their normal course of business have propelled the demand for employees across the European countries. This has led to the increase in recruitment across the region in many industries, thereby bolstering the online recruitment market growth

Europe Online Recruitment Strategic Insights

Strategic insights for the Europe Online Recruitment provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Online Recruitment Report Scope

Europe Online Recruitment Regional Insights

The geographic scope of the Europe Online Recruitment refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The online recruitment market in Europe is expected to grow from US$ 7,384.59 million in 2021 to US$ 12,656.76 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028. Emulsion of Artificial Intelligence (AI) in recruitment; Several businesses use artificial intelligence in the HR, some way or another. AI is expected to be used in the recruiting process by businesses. AI for hiring refers to the use of artificial intelligence to solve problems in the same way that a machine does. The use of technology is assisting in the streamlining of high-volume activities in the recruitment process. Online application management is one of the ways AI is assisting businesses with the recruiting process. Applicant monitoring from recruiter databases involves many keywords and other data points that AI can easily filter and analyze. To speed up the hiring process, AI assists recruiters in sorting through thousands of resumes. This is bolstering the growth of the online recruitment market.

Key Market Segments

In terms of job type, the permanent segment accounted for the largest share of the Europe online recruitment market in 2020. In terms of application, the IT segment held a larger market share of the online recruitment market in 2020. Further, the energy & power segment held a larger share of the market based on end user in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the online recruitment market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are iPlaceUSA, Inc.

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Reasons to buy report

• To understand the Europe online recruitment market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe online recruitment market
• Efficiently plan M&A and partnership deals in Europe online recruitment market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe online recruitment market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

EUROPEONLINE RECRUITMENT MARKETSEGMENTATION

Europe Online Recruitment Market – By Job Type

• Permanent
• Part-Time

Europe Online Recruitment Market – By

Application

• Finance
• Sales and Marketing
• Engineering
• IT
• Others

Europe Online Recruitment Market

– By

Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Europe Online Recruitment Market -Companies Mentioned

• Info Edge (India) Ltd. (naukri.com)
• iPlaceUSA, Inc.
• itForte
• LinkedIn Corporation
• SH Inc
• StepStone GmbH