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2006 Outlook: Online Recruitment Advertising


Description: Online recruitment advertising nearly tripled last year to $3.5 billion, fueled in part by the proliferation of niche job boards. This new Borrell Associates report "2006 Outlook: Online Recruitment Advertising" dissects how this phenomenon is affecting local markets as free sites like Craigslist and regional job sites take hold.

As unemployment rates moved below 5 percent last year, recruitment advertising enjoyed a bonanza year. Even the beleaguered newspaper industry saw double-digit gains in help-wanted classifieds. Monster, CareerBuilder and others all enjoyed strong growth as well.

Amid all the growth, however, a series of ground-level trends began emerging that promise to make 2006 a very interesting year for this category. Hundreds – perhaps thousands – of niche sites emerged. Craigslist had people uttering the "F" word in more than 100 cities (we're talking about "free" here). And recruiters began shifting major portions of their budgets from sources like brochures, job fairs and temp services into new online services – including their own Web sites – that meet their needs more efficiently. Unlike years past, when the discussion was all about erosion in newspaper classifieds, the new focus is on a bevy of online options that are siphoning dollars from non-media recruitment methods.

As a result, online recruitment advertising nearly tripled in 2005, growing from $1.3 billion to $3.5 billion. The main reasons appeared to be the widespread emergence of niche job boards many of them associated with offline magazines, trade publications eager to hop aboard the up-sell bandwagon and firms investing in their Web space. In many cities, more than 100 job boards were found competing for local listings. There are job sites solely for pharmacists, for stay-at-home moms, for cruise-ship musicians, and for professional dancers in San Antonio.

As is to be expected, every local market is different. Craigslist or Monster might be in the lead in some cities, but in many markets, especially smaller ones, the daily newspaper site is the marketplace leader. That may be the case for years to come, too. As formidable as the pure-play job boards seem and after a decade of trying, they still can't reach the majority of job seekers who don't use online services at all. In some job categories, two-thirds of the job seekers conduct their searches entirely offline . . . which puts the advantage squarely in the hands of media companies that can offer both online and offline help-wanted advertising.


Contents: Executive Summary

Chapter 1: Online Spending: A Threefold Increase

Chapter 2: Niche Sites In Every Market

Chapter 3: New Online Models Are Emerging

Conclusions and Recommendations

Appendix A: 2005 Recruitment Spending Detail

Appendix B: Methodology

CHARTS & TABLES

Figure 1. What Businesses Spent on Recruiting, 2004 vs. 2005
Figure 2. Recruitment Revenue by Media Category, 2004 to 2010p
Figure 3. Panel Foresees Online Surpassing Newspapers in 5 Years
Figure 4. Newspaper Recruitment $ by Type of Newspaper 2005-2010
Figure 5. Recruitment Revenue by Spending Category, 2005-2010
Figure 6. Suburban Newspaper Recruitment $ by Job Type, 2005-2010
Figure 7. Top 90 Job Boards by Number of Listings
Figure 8. Los Angeles Job Listings Counts
Figure 9. Baltimore Job Listings Counts
Figure 10. Tuscaloosa, Ala., Job Listings Counts
Figure 11. Sources of External Hires
Figure 12. Internet Sources of External Hires
Figure 13. Percentage of Job Seekers Who Plan to Look Online, by Job Category


Companies Mentioned - Hire Diversity - CareerBoard - craigslist - BostonWorks - BestLocalJobs - OregonLive - CareerBuilder - DiversityInc - JobCircle - Monster - Job Target - WhoHasJobs - College Recruiter - Computer Jobs - Science Magazine - Black Collegian - Pharmacy Week - Wanted Technologies Inc. - The Baltimoe Sun - College Grad - The Tuscaloosa News - Google - Oodle.com - Simplyhired.com - Indeed.com - The New York Times - Jobkabob.com - H3.com - Mkt10.com - Clear Channel TV Interactive - WIS-TV - America's Job Bank - BestLocalJobs-Mlive - Career Mag - USAJOBS - Destiny Group - College Grad - SnagAJob - Post-News Jobs - Yahoo! HotJobs - Thingamajob - Nursing Spectrum - Preferred Jobs - New York Times - Vault - Job.com - HealthCareSource - StarTribune NowHiring.com - Career Bank - BestLocalJobs-NOLA - Absolutely Health Care - Washington Post - Cox Ohio's JOBmarket - Dice - AJC Jobs - Sign On San Diego - The Job Network - Career Center - GO Jobs - Abracat - LocalOpenings - Nurse-Recruiter - Data Frenzy - Jobing - JobsOK - Job Vertise - Seattle Times - OCJobFinder - BizJournalsHire - BestLocalJobs-NJ - HigherEdJobs - MyCareer - Hospital Jobs Online - Med Careers - HealthcareRecruitment - Computer Work - Salt Lake Tribune - HireNet - Recruiter Networks - Austin Am.-Statesman - AdQuest3D - Review Journal1 - BestLocalJobs-Cleveland - Employment Guide - ChicagoJobs - Jobs in Logistics - 4 Michigan Talent Bank - JobNetwork - TAOnline - Dallas Morning News - True Careers - IMDiversity - Houston Chronicle - Regional Help Wanted - Local Careers - FloridianJobs6 - Hospitality Careers Online - VetJobs - WorkMetro - Career Journal - Palm Beach Post - Sacramento Bee - All Retail Jobs - Med Hunters - My-DES - Nation Job


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