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E-Recruitment is the process of personnel recruitment through the use of electronic resources (this very broad term naturally incorporates all forms of Online Recruitment as access to the internet is dependent on the use of electronic devises).
It is estimated that £20 billion was spend globally on E-Recruitment in the previous year and 800 million successful job placements were made using electronic means. It is clear that e-recruitment is no longer an alternative to more traditional recruitment methods; it has become part of the whole process.
With all major recruiters relying heavily upon E-Recruitment software and systems, integration with communication channels has never been as prevalent as it is today. Recruitment agents can now advertise a job vacancy online, access a vast database of potential candidates or personally contact all suitable individuals instantly via email.
One of the biggest innovations of the e-Recruitment wave has been the availability of CV databases. This has made the entire process of headhunting & search and selection far easier and efficient. Particularly at i4, recruitment consultants have the ability to filter through approximately 10 million up-to-date CVs at any one time, giving them access to a truly enormous pool of potential candidates. This, of course gives the greatest chance of successfully matching job vacancies with job seekers.
The benefits of E-Recruitment are numerous and far reaching. First and foremost, you gain the normal benefits of computerisation; namely increased speed, accuracy and efficiency. Specifically, large amounts of time can be saved via electronic CV processing as CVs can be passed through the E-Recruitment software and “read” by the computer. This allows standard sections such as education/qualifications and work experience to be extracted and automatically added to our extensive database.
This time saving results in substantial returns on investment (ROI) as manual data entry is no longer necessary, certain labour cost savings can be made. Furthermore, this efficiency saving from E-Recruitment works from the candidates’ perspective as well because it makes the process of sending their CV far quicker and easier. This has the obviously benefit of gathering more details of more skilled individuals, making a larger talent pool and the whole recruitment process much easier and overall more successful.
At i4, we fully utilise E-Recruitment and are able to pass the cost savings on to you. This means that we can advertise your job vacancy for £545, across 30+ job boards for four weeks. See our job board comparison for more information about our cost saving products.