Jobstreet bullish on online recruitments

Jobstreet, online recruitment solutions provider, expects online recruitment market to grow by 50-60 per cent in the near future in India as increasing number of companies are seen adopting online hiring solutions.

N Muralidharan, managing director, India and vice-president, south Asia, JobStreet, told Business Standard that more and more firms were opting for online recruitments as these companies found the cost and length of online advertisements lower than other modes. Besides, it provided technological advantages to companies.

In online recruitment, the spending on recruitments would significantly come down and tests could be conducted simultaneously across the country, he said. A lot of pre-recruitment processing work would happen online. At present, e-recruitment accounts for 10 per cent of the overall recruitment.

Emerging as a Rs 150 crore market in India, the value of the online recruitment market has grown ten-fold from its infancy in 1999 and is poised for further growth at a faster pace in the near future, a company statement said.

"Online recruitment market has seen significant consolidation in the last few years, as such services are being adopted by all industry segments," Muralidharan said.

When asked about its focus on Tier II cities, he said though candidates were available in such cities, it was still a challenge making sure that they get a job.

"We see lot of scope to expand our operations in other parts of the country. We plan to open offices in Coimbatore, Visakhapatnam and Thiruvananthapuram, Ahmedabad and cover Northern Capital Region," he added.

Jobstreet operates the JobStreet.com, an online recruitment website, covering Malaysia, Singapore, India, Philippines and Indonesia. It is listed in the stock exchange, Mesdaq in Malaysia.