In the hustle and bustle of the 21st century, the phrase ”time is money” rings truer than ever. Keeping this in mind, many companies and recruitment agents are moving their recruitment processes online to speed up hiring processes. Analysts at TechNavio have been closely watching this trend, and predict a solid CAGR of 10.82 percent for the Global Recruitment Software Market in 2012-2016. This rapid growth rate leaves many people wondering whether or not ”e-recruitment” will eventually overturn the traditional hiring process entirely.
It’s certainly hard to argue with the advantages of the technology-specifically its time efficiency. Nevertheless, there are a lot of other factors that need to be taken into account when considering the future impact of e-recruitment software.
One topic that’s been coming up in the conversations around recruitment software is security. Cloud-based recruitment software providers not only handle sensitive personal and professional details of candidates, but also the contact details of recruiters. It can prove dangerous if the information falls into the wrong hands and in a multi-tenant model, there is always the possibility of a leak, which could be misused or manipulated.
On a similar note, many organizations that are considering recruitment software fear the many regulations associated with it, including data privacy, anti-discrimination, and unauthorized use of commercial and personal information. These concerns demand built-in requirements from recruitment systems to ensure that organizations have appropriately dealt with confidential information.
Despite these issues however, a lot of enterprises are already using full-fledged recruitment software which may prompt a chain reaction of sorts in the market as vendors desperately attempt to maintain their competitive edges. It’s also likely that if e-recruitment software becomes the industry standard (and we have no doubt that it will), the previously mentioned doubts and fears will fade.
For more information, view our 2012-2016 report on the Global Recruitment Software Market in 2012-2016.
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Global Systems Management Software Market 2012-2016
Global IT Asset Management Software Market 2012-2016
Global Anti-money Laundering Software Market 2012-2016
