Westford, USA, Aug. 18, 2022 (GLOBE NEWSWIRE) — According to a recent SkyQuest study, demand for recruiting software is on the rise. In the global recruitment software marketmore than 4.8 million organizations are using the tool and that number is expected to grow to 6 million by 2030. The study found that 41% of hiring managers surveyed said they had increased their use of recruiting tools over the over the past year, and more. more than half (54%) said they plan to do so next year.
It’s clear why the demand for the recruiting software market is on the rise: with a tight job market and continued growth in automation, recruiting managers need all the help they can get when they need to. is about finding qualified candidates.
Recruiting software can help organizations automate many recruiting-related tasks, such as job postings, applicant tracking, and feedback management. It can also help predict which positions will become vacant and prepare shortlists of qualified candidates (QCLs) in advance. This not only saves time and money; it also helps organizations ensure that they are as efficient as possible when it comes to recruiting talent.
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AI is going mainstream and starting to shape the future of the global recruitment software market
One of the most important ways to integrate artificial intelligences (AI) into recruitment software is through predictive modeling. Predictive modeling uses algorithms to create models of people’s behavior, in order to make predictions about future events or situations.
For example, HireVue, Paradox, ZohoRecruit, some of the major players in the global recruitment software market are using predictive modeling in their recruitment process. They use AI in conjunction with data from LinkedIn and other social media platforms to predict which applicants are likely to be a good candidate for a job opening. This saves the hiring manager time by not having to interview candidates they are not interested in or who may not be a good fit for the position.
According to the latest findings from SkyQuest, the future of the recruitment software market looks quite exciting, and it looks like artificial intelligence (AI) is going to play a big role in shaping it. For example, a recent study found that AI can help identify talented employees more accurately than human recruiters. This means that not only will AI help streamline the recruitment process, but it will also save companies a lot of money in the long run.
It has also been seen that AI-assisted chatbots are increasingly used to connect with potential employees and gather information about their skills and interests. Additionally, bots can be used to conduct online searches for potential candidates. All of this saves businesses time and money, which is vitally important in today’s competitive marketplace.
Altogether, AI is set to change the face of the recruiting software industry in several ways. Not only will this make the process more efficient, but it will also help identify talented candidates more accurately.
SkyQuest has published a report on the Recruitment Software Market and has covered all the latest market trends with a deeper understanding of its impact on the current vendors. This report would help buyers to identify lucrative growth opportunities in the market and target potential buyers. Apart from this, the report provides detailed market analysis of top 30 players, their competition analysis, market share analysis, growth strategies, marketing strategies, among others.
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Small businesses, luxury brands and IT companies are the most potential consumers of the recruitment software market
The job market is constantly changing, which means recruitment software is becoming more and more vital for employers. Many companies use this software to facilitate the entire recruitment process, from finding candidates to screening them and then selecting the best ones. Although there are many types of recruiting software, some of the main potential consumers are small businesses, luxury brands, and IT companies.
According to SkyQuest’s analysis, small businesses can often be more agile than larger companies and need to be able to find talented new employees quickly. Luxury brands are always on the lookout for new talent to recruit, and IT companies often need to fill many positions immediately to meet growing demand.
Small businesses and luxury brands are among the most potential consumers of the recruitment software market according to a recent SkyQuest survey. The company surveyed 1,000 small businesses based in the US, Canada, India, Japan, Australia, UK and France and found that 61% of them use or use recruiting software , with the majority (73%) using Skillset. The study also found that luxury brands are the most likely to use recruiting software, with 92% saying they use or use it. This contrasts with small businesses, where only 61% said they use or use recruiting software.
The top reasons given for not using recruiting software were that companies didn’t think it was necessary (77%) and they didn’t have the budget (59%). However, when it came to hiring new employees, 73% said they would choose a recruiter if they couldn’t find anyone else, while nearly half (48%) said they choose a vacancy online instead of contacting a recruiter. This indicates that recruiting software may be used more widely by small businesses and luxury brands.
SkyQuest conducted a survey of the global recruitment software market to get a better picture of product adoption by SMBs and large enterprises. The study found promising results, which can be used to understand consumer behavior and how they meet their demand through the use of such software. The report would help market players to put in place growth strategies, identify growth potential and develop marketing strategy based on consumer mindset.
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Key players in the global recruitment software market
- Clear Company (USA)
- HappyWork (USA)
- iCIMS, Inc. (USA)
- Jobvite, Inc. (USA)
- Leverage (US)
- Recruitee.com (Europe)
- Recruiterbox Inc (USA)
- SAP SE (Germany)
- Talentsoft (France)
- Zoho Corporation Pvt. ltd. (India)
Related Reports in the SkyQuest Library:
Global Field Service Management (FSM) Market
Global Smart Label Market
Global Human Resource (HR) Technology Market
Global Electronic Data Interchange (EDI) Software Market
Global Core Banking Software Market
SkyQuest Technology is a leading growth consulting firm providing market intelligence, marketing and technology services. It has more than 450 satisfied customers worldwide.
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