Online Recruitment Sites in the US - Industry Market Research Report

New Job: Improving Labor Markets Will Likely Create New Job Openings, Supporting Revenue Growth

The Online Recruitment Sites industry has experienced significant growth since the 2000s as the percentage of business conducted online and the number of broadband connections increased profoundly. The internet has become the primary medium for communicating and accessing information, the main driving force behind this industry's rise. Job seekers and employers have increasingly turned to online recruitment sites to look for new openings and find new talent pools. Industry revenue has increased at a CAGR of 10.6% to $17.4 billion over the five years to 2023, including an increase of 5.9% in 2023 alone. Growth has been fueled by an extremely tight labor market and historically low unemployment rates.

Online recruitment sites primarily charge employers to list job openings, though they may also earn revenue via ad placement on job listings. Operators also design and maintain databases of resumes and candidate profiles for use by employers and other recruitment agencies. Enterprises in this industry are based entirely online; therefore, traditional recruiting agencies and staffing companies are not included.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.