Articles

Google For Jobs: Potential To Disrupt The $200 Billion Recruiting Industry

By Josh Bersin on Forbes

Have you ever looked for a job? Of course you have. It’s a daunting process, and one which Google hopes to make easier than ever.

The Bureau of Labor Statistics show that 20-24% of Americans change jobs every year (ADP global research says it’s 27%), which means more than 41 million people are searching for jobs and being recruited into jobs every single year (in the US alone).

Several billions of dollars are spent on job advertising (Indeed, Glassdoor, LinkedIn, CareerBuilder, and others compete for this market) and even after people apply, companies on average spend approximately $4,000 per candidate on interviewing, scheduling, and assessment to decide if someone is right for a job. We estimate that the entire recruitment market is over $200 billion worldwide, and nearly every employer is a participant…

 

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