|
|
| Media economy | |
for online job ads Recruitment spending will grow 25 percent by 2012 Apr 17, 2008 The big story about job ads is how much they've moved onto the internet from newspapers, but there's a far bigger story looming out there, and it's the huge growth that's expected in online recruitment advertising in the coming several years. The first wave of boomers are now hitting retirement age, and as more and more collect their gold watches and head for the golf course, it will create a huge talent void in the workplace that employers will have to fill. What will make it especially tough is that the next generation down, Gen X, is a particularly small one, too small to meet those needs. The increase in demand for workers is already kicking in. Borrell quotes a study from Hyrian, a large recruitment process outsourcing company, which found that last year there were about 4.5 million more jobs than people. That figure is about 5 million this year and is expected to be about 10 million by 2010. The big winner as this demand picks up will be the internet, which will see recruitment advertising rise 43.5 percent, to more than $11.5 billion. “The general job boards, such as Monster and HotJobs, are not satisfying the recruiters,” says Conti. Another big gainer will be traditional full-service employment agencies and temporary agencies. Even with the rise of the internet they've continued to be a huge force in recruitment spending, together accounting for 76.4 percent of total spending. They've maintained share by providing that sorting-through process the internet can't.
|
||||||||||||||||||||||||||||||
© 2008 Media Life Privacy Statement |