Product ID: SQMIG45E2168
Report ID:
SQMIG45E2168 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|
Tables:
119 |
Figures:
77
Recruitment Software Market size was valued at USD 2366.21 million in 2019 and is poised to grow from USD 2504.63 million in 2023 to USD 4177.94 million by 2031, growing at a CAGR of 5.85% in the forecast period (2024-2031).
Hiring managers and talent acquisition professionals use recruitment tools to improve candidate flow. It is frequently used by businesses to manage applications, advertise job positions, schedule interviews, and collect feedback from applicants. This program integrates interviewing software, candidate relationship management (CRM), and application tracking systems (ATS). Additionally, it might do background checks and pre-hire evaluations before training and orienting new hires, improving the effectiveness of the organization's hiring managers.
Organizations may quickly screen, rate, and store candidate data by implementing recruiting software systems like IBM's Kenexa Talent Acquisition Suite and Lumesse's Talent Acquisition Experience Platform. Additionally, these technologies automate the process of posting jobs on various job boards and make it simpler to monitor the status of an application. Recruitment software keeps and tracks all employee information, including financial details, home address, social security number, and home address.
The market for recruitment software is expanding as a result of the increasing adoption of mobile-based recruitment systems and cloud-based platforms. The usage of automated resume screening techniques that employ artificial intelligence (AI) to assess the degree of abilities and expertise of the candidate is also promoting market expansion. Through analytical inputs and transactional operations, this software also uses machine learning (ML) algorithms and optical trackers to detect market patterns and trends. The global market for recruitment software is expected to grow over the next few years due to a variety of other factors, including the expanding need to replace conventional hiring practices in order to reduce overhead costs, the emergence of social recruiting trends, and the rising number of start-up businesses.
US Recruitment Software Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONRecruitment Software Market size was valued at USD 2366.21 million in 2019 and is poised to grow from USD 2504.63 million in 2023 to USD 4177.94 million by 2031, growing at a CAGR of 5.85% in the forecast period (2024-2031).
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Product ID: SQMIG45E2168