interbiznet.com: Defining Excellence in Electronic Recruiting
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    The Industry: Players and Definitions

    January 3, 2005

    To effectively understand the overall challenge faced by a competitive entry in the Electronic Recruiting Industry, it is necessary to illuminate a number of underlying details. Although there were some earlier instances, particularly in academic circles, the Electronic Recruiting Industry was born in 1994 with the delivery of Mosaic (the predecessor software to Netscape). The clearly-defined opportunity, observed by a variety of entrepreneurs and pundits, was the merger of traditional operations in Staffing Services, Executive Search, Contract Services and Recruitment Advertising into a single unified labor market. At the time, the aggregate value of services supplied in the overall Recruiting industry was roughly $350 Billion.

    A confluence of social and economic trends, including the general move towards project work, the aging of the American population, the proliferation of the Internet, and increased automation in hiring services have made the Job Board the centerpiece of the Electronic Recruiting Industry. Although the tools are primitive and reminiscent of 1970s vintage unemployment offices, Job Boards are in the limelight because they are the first experience most employers and job hunters have with the emerging Electronic Recruiting Industry.

    To be continued . . .

    -Carrie Baggs

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