IDC Launches New Program to Make Sense of the Rapidly Developing eRecruiting Market

FRAMINGHAM, MA – JUNE 20, 2000 – In recognition of the dizzying pace at which recruitment sites are springing up on the Internet, IDC today launched a new research program to cover this area, Business Services: eRecruiting. According to IDC, eRecruiting is significantly changing the recruitment process and quickly becoming an invaluable channel for employers and job seekers alike.

 

"The automation of the recruitment process is long overdue, and eRecruiting solutions are changing the landscape of the employment industry," said Ellen Julian, director of Career and Learning Services research at IDC. In a recent survey, IDC found that nearly one-fourth of U.S. Internet users have spent time on an eRecruiting Web site.* "Considering the newness of this medium, this finding is astounding," Julian said. The majority of eRecruiting site users are 18-34 years old, are well educated, and have full-time jobs.

Another key finding of the survey is that people are doing a lot more than job searching at eRecruiting sites. In fact, 41% are researching companies, 37% are looking for salary information, 36% are posting resumes, 27% are seeking career advice, and 20% are visiting chat rooms and bulletin boards.

"There is tremendous opportunity in offering business services related to online recruiting, and vendors that can offer a winning combination of content, tools, and services solutions to employers and job seekers will prevail in this market," Julian said.

Although the eRecruiting market is young, it is already crowded with vendors looking to capitalize on its potential. IDC's Business Services: eRecruiting research program was designed to help Internet recruiters and their partners gain a foothold in this emerging market.

The program will provide competitive analysis, forecast eRecruiting revenues, examine the use of online content, services, and tools, examine fee versus free services, evaluate partnering strategies, track adoption rates by user segments, discuss how recruiters are expanding into international markets, present successful business models, look at the synergies between eRecruiting and eLearning, and more. For more information on IDC's Business Services: eRecruiting research program, contact Jill Toole at 1-800-343-4952, extension 6915.

*Survey base consisted of Internet users aged 18 years or older who have accessed the Internet within the past 30 days.

About IDC

IDC delivers dependable, high-impact insights and advice on the future of ebusiness, the Internet, and technology to help organizations make sound business decisions. IDC forecasts worldwide markets and trends and analyzes business strategies, technologies, and vendors, using a combination of rigorous primary research and in-depth competitive analysis. IDC provides global research with local content through more than 500 analysts in 43 countries worldwide. IDC's customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at http://www.idc.com.

IDC is a division of IDG, the world's leading IT media, research and exposition company.

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