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Online Recruitment Market in US to Grow by USD 4.39 Billion from 2025-2029, Hiring Innovations Boost Revenue, Report on How AI Is Driving Market Transformation – Technavio

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NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report with the AI impact on market trends – The online recruitment market in us  size is estimated to grow by USD 4.39 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  7.3%  during the forecast period. Innovations in hiring process is driving market growth, with a trend towards increase in use of ai-powered searches. However, decline in profitability due to high level of competition  poses a challenge. Key market players include Adecco Group AG, Barbachano International, Betterteam Pty Ltd., CareerBuilder LLC, College Recruiter Inc., CornerStone Search Group LLC, DHI Group Inc., JobHat.com, Jobing.com LLC, Ladders Inc., Microsoft Corp., NationJob Inc., Nippon Telegraph and Telephone Corp., Ragns Inc., Randstad NV, Recruit Holdings Co. Ltd., Self Management Group, Snagajob.com Inc., The Select Group LLC, and ZipRecruiter Inc..

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Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2022

Segment Covered

Application (Hospitality, Manufacturing, Healthcare, BFSI, and Others), End-user (Employers and Non-employers), and Geography (North America)

Region Covered

US

Key companies profiled

Adecco Group AG, Barbachano International, Betterteam Pty Ltd., CareerBuilder LLC, College Recruiter Inc., CornerStone Search Group LLC, DHI Group Inc., JobHat.com, Jobing.com LLC, Ladders Inc., Microsoft Corp., NationJob Inc., Nippon Telegraph and Telephone Corp., Ragns Inc., Randstad NV, Recruit Holdings Co. Ltd., Self Management Group, Snagajob.com Inc., The Select Group LLC, and ZipRecruiter Inc.

Key Market Trends Fueling Growth

Online recruitment in the US is undergoing a transformation through the adoption of artificial intelligence (AI) technology. Recruiters can now use AI-powered search engines to find candidates matching specific job designations. These engines send automated notifications to potential applicants and chatbots facilitate the initial contact. Chatbots categorize candidates based on qualifications and job requirements, while AI analyzes facial expressions and cognitive intelligence through tools like HireVue. This technology helps recruiters determine cultural fit, automate workflows, and make impartial, cost-effective hiring decisions. The use of AI in recruitment is expected to increase, with companies like The Carlyle Group partnering with HireVue to innovate. AI enhances recruiters’ roles by making them more proactive, improving hiring decisions with data, and streamlining the hiring process. This trend will fuel the growth of the online recruitment market in the US. 

The online recruitment market in the US is thriving, with e-recruitment, digital recruitment, and web-based resources becoming the norm. Job boards, social media sites, and specialized recruitment software are popular tools for posting vacancies and connecting with candidates. Hiring processes are increasingly digital, utilizing AI and machine learning for automated candidate screening and data-driven recruitment decisions. IT segment jobs, including soft and hard skills, dominate online job postings. Candidates use job search engines and recruitment websites for advanced search options and resume builders. AI-powered recruitment tools streamline the recruitment process, providing candidate-job matches and career guidance. Remote hiring, diversity hiring, and full-time or part-time positions are common. Security issues and chatbots are part of the recruitment procedures. Big data analytics provide valuable insights for talent acquisition across industries, from finance and sales to engineering, IT, hotel and catering, and more. 

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Market Challenges

The online recruitment market in the US is experiencing increased competition as new players enter the scene. Hundreds of tools are available for recruiters to fill job vacancies, with vendors such as LinkedIn, Monster, CareerBuilder, and College Recruiter facing intense competition. Small vendors are entering the market, impacting pricing strategies of larger vendors. While some tools, like Monster, offer job postings, others like LinkedIn and Glassdoor provide company information and employee reviews. Recruiters must find the right tool for their specific job requirements, as each job and recruitment process varies. The high-level competition in the market may reduce the profitability of vendors, potentially hindering the growth of the online recruitment market during the forecast period. It’s essential for recruiters to evaluate the unique features of each tool and choose the one that best fits their needs.The online recruitment market in the US is growing rapidly, with industries such as Part-time, Finance, Sales, Engineering, IT, Hotel and Catering, among others, increasingly turning to digital platforms for hiring. Challenges include automating candidate screening for Finance and Sales positions, remote hiring for IT and Engineering roles, and implementing diversity hiring practices. Data-driven recruitment decisions are key, utilizing big data analytics and ML. Security issues, chatbots, and resume management are also important considerations. The Fourth Industrial Revolution brings cloud-based technologies, social networking, and mobile-based recruitment solutions. Smartphone demand and internet recruitment are driving trends, with human resource management adapting to mobile recruiting, video interviews, and language barrier solutions. Skilled recruiters are essential for navigating these complexities.

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Segment Overview 

This online recruitment market in US report extensively covers market segmentation by

ApplicationHospitalityManufacturingHealthcareBFSIOthersEnd-userEmployersNon-employersGeographyNorth America

1.1 Hospitality-  The online recruitment market in the US is thriving, with an increasing number of companies adopting digital platforms for hiring. Websites like LinkedIn, Indeed, and Glassdoor offer employers access to a large pool of job seekers, allowing for efficient and cost-effective recruitment. Applicant Tracking Systems enable streamlined processing of resumes and interviews, reducing time-to-hire. Online assessments and video interviews further enhance the hiring process, providing a convenient and accessible solution for both employers and candidates.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2025-2029) and historic data (2019 – 2022) 

Research Analysis

The online recruitment market in the US is experiencing significant growth as businesses increasingly adopt digital tools to streamline their hiring processes. E-recruitment, also known as digital or web-based recruitment, utilizes job boards, social media sites, and specialized software to connect vacancies with candidates. These web-based resources offer convenience and efficiency, enabling employers to reach a larger pool of applicants and candidates to apply for jobs from anywhere. Digital tools such as AI and machine learning are revolutionizing the recruitment industry, providing candidate-job matches, resume management, and employee screening. The Fourth Industrial Revolution, driven by cloud-based technologies and social networking, is further transforming online recruitment. Mobile-based recruitment solutions cater to the growing demand for smartphone usage, allowing candidates to apply and interview via mobile devices. Online recruitment encompasses part-time and permanent jobs, with ML and video interviews becoming increasingly popular for initial screening. Human resource management benefits from these digital innovations, allowing for more data-driven decisions and efficient processes. Overall, the online recruitment market continues to evolve, offering numerous advantages for both employers and job seekers.

Market Research Overview

The online recruitment market in the US is experiencing significant growth as businesses increasingly turn to digital tools to find and hire candidates. E-recruitment, also known as digital or web-based recruitment, utilizes job boards, social media sites, and specialized software to streamline the hiring process. Candidates can search for vacancies using advanced search options on job search engines and career guidance sites, while employers can post job listings for full-time, part-time, and temporary positions in various industries such as IT, finance, sales, engineering, and hospitality. Digital recruitment tools include AI and machine learning algorithms for automated candidate screening, chatbots for initial interviews, and data-driven recruitment decisions based on big data analytics. The use of cloud-based technologies, mobile-based recruitment solutions, and social networking sites has become essential in the fourth industrial revolution. Remote hiring, diversity hiring, and security issues are also key considerations in the online recruitment landscape. Candidates can build resumes using resume builders and apply for jobs through various digital channels. Recruitment procedures include employee screening, assessment tools, and video interviews to ensure a good candidate-job match. The language barrier can be overcome through translation services and multilingual job postings. Overall, online recruitment offers numerous benefits, including cost savings, increased efficiency, and a larger talent pool.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationHospitalityManufacturingHealthcareBFSIOthersEnd-userEmployersNon-employersGeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Marquis Who’s Who Honors Rupin Chothani for Engineering Leadership

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UNIONDALE, N.Y., July 23, 2026 /PRNewswire/ — Marquis Who’s Who honors Rupin Chothani for his leadership in engineering and project management. With more than two decades of professional experience to his credit, Mr. Chothani leverages a unique expertise in fire and petrochemical solutions to find success in his field. As project manager, project engineer and proposal manager at Technip Energies N.V., Mr. Chothani ensures effective results.

Drawn to Engineering

Coming from a family of engineers, Mr. Chothani was naturally drawn to the profession. This inclination was reinforced by comprehensive aptitude and attitude tests administered at the age of 14, which highlighted his strengths in engineering and architecture. Ultimately, this direction reinforced his determination to pursue a degree in mechanical engineering.

By 2003, Mr. Chothani earned a Bachelor of Science in Mechanical Engineering at the University of Mumbai. After a brief role as a junior manufacturing engineer at Artech Cooling Tower Pvt. Ltd., he completed a Master of Science in Mechanical Engineering at the University of Bridgeport in 2006. In addition to these degrees, Mr. Chothani later achieved AutoCAD certification.

Following his graduation in 2006, Mr. Chothani joined CB&I Lummus / ABB Lummus Heat Transfer (now Lummus Technology) as a thermal engineer. Though his work at Lummus Technology lasted only three years, Mr. Chothani was greatly influenced by mentor figures at the company. These mentors, including Ken Catala, Peter Harvard, Chin Dang and Miller Alanath Carter, provided essential guidance.

Building a Family

In December 2008, Mr. Chothani married his wife, Cathy. Along with his son and daughter, his family has contributed richly to his success in engineering and they continue to inspire him to excel. In addition to their support, Mr. Chothani recognizes that there is no alternative to hard work and dedicated learning.

From Lummus Technology to Technip Energies N.V.

Following his work at Lummus Technology, Mr. Chothani worked with Maco Corporation India Pvt. Ltd. By 2011, he joined Complete Heat Transfer Solutions – Environ Energy Systems as a thermal and mechanical engineer. By 2013, Mr. Chothani became a part of Technip Energies N.V. as a furnace mechanical engineer. By 2023, he added to this role and became a project manager, project engineer and proposal manager at the company.

In his current role at Technip Energies N.V., Mr. Chothani is responsible for a variety of essential duties. He manages and executes on engineering projects for ethylene cracking furnaces and heaters, and oversees proprietary technologies. Additionally, he actively coordinates with procurement, logistics, mechanical engineering and process engineering teams to ensure effective results.

Plans for the Future

Moving forward, Mr. Chothani hopes to advance his project management skills, particularly within the firejet industry. At the same time, he aims to share his knowledge of the industry with the next generation of professionals. Outside of his professional ambitions, Mr. Chothani intends to prepare his children to find success, inspiring them and their peers with hands-on experiments and full-day events.

About Marquis Who’s Who®:

Since 1899, when A. N. Marquis printed the First Edition of Who’s Who in America®, Marquis Who’s Who® has chronicled the lives of the most accomplished individuals and innovators from every significant field, including politics, business, medicine, law, education, art, religion and entertainment. Who’s Who in America® remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms worldwide. The suite of Marquis® publications can be viewed at the official Marquis Who’s Who® website, www.marquiswhoswho.com.

Marquis Who’s Who
Uniondale, NY
(844) 394 – 6946
info@marquiswhoswho.com
www.marquiswhoswho.com

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COALITION OF INDEPENDENT INTERNET PROVIDERS ASKS CRTC TO FIX ERRORS IN WHOLESALE FIBRE RATES

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Coalition of competitive ISPs say current fibre rates make competition impossible and threatens to harm millions of Canadian consumers

CHATHAM, ON, July 23, 2026 /CNW/ — A coalition of independent internet service providers (the Coalition) led by TekSavvy Solutions Inc. (TekSavvy) today applied to the Canadian Radio-Television and Telecommunications Commission (CRTC) to review and vary Telecom Order 2026-77, which set final wholesale rates for fibre internet services. In that decision, the CRTC approved wholesale rates for fibre internet services that are higher than the retail prices charged by the large carriers. This makes competition impossible, as independent providers are forced to either sell at a loss or set prices above the large carriers, leaving millions of Canadian consumers without competitive options for essential internet services.

The application identifies key errors that led the CRTC to approve severely inflated final wholesale rates, which make it economically impossible for independent providers to compete. The Coalition argues that the CRTC’s incorrect rates negate the very purpose of Canada’s wholesale framework, which is to foster competition in retail broadband markets. Specifically, the Coalition asks the CRTC to make three key changes to Telecom Order 2026-77:

Eliminate one cost factor that is inconsistent with the CRTC’s established costing principles, which artificially increased fibre wholesale rates by an estimated 25% to 30% (the Adjustment Factor).Reduce another element of the costing that is inflated above reasonable levels: The Coalition calls on the CRTC to reduce the markup applied to wholesale fibre services from 30% to 15%, reflecting declining costs, operational efficiencies, and the need to support competition.Correct technical errors relating to certain wholesale fibre speed descriptions.

“Canadians were promised greater competition for fibre internet services, but these rates make competition impossible.” said Andy Kaplan-Myrth, TekSavvy’s Vice President of Regulatory and Carrier Affairs. “The CRTC must correct these errors to ensure its wholesale rates promote broadband competition that challenges the market power of monopoly incumbents, lowers prices, and increases consumer choice.”

About the Coalition

The Coalition consists of competitive telecommunications providers and industry associations advocating for fair wholesale access to fibre networks and a competitive broadband marketplace that delivers affordable, high-quality Internet services to Canadians, including: TekSavvy Solutions Inc., BC Broadband Association (“BCBA”), Canada-Wide Internet Service Providers Association (“CanWISP”), Fibernetics Inc., ISP Telecom Inc., National Capital FreeNet Inc., Novus Entertainment Inc. and Purple Cow Internet Inc.

About TekSavvy Solution Inc.

Based in Chatham, Ontario, TekSavvy is Canada’s largest independent telecom service company. TekSavvy has been proudly delivering award-winning services and fighting for consumers’ rights for nearly 30 years. TekSavvy is committed to providing quality competitive choice and closing Canada’s digital divide.

SOURCE TekSavvy Solutions Inc.

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Monk Launches Voice Collections, Bringing AI Phone Calls and Callbacks to Accounts Receivable

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Monk’s collections agent, Julia, can now place outbound collection calls and answer inbound AR questions from a dedicated business number, so finance teams can use the channel that collects best without adding headcount.

Multimedia: Watch Voice Collections in action: https://youtu.be/w09PoN1yACE 

NEW YORK, July 23, 2026 /PRNewswire/ — Monk, the AI-native accounts receivable platform, today launched Voice Collections. Its collections agent, Julia, can now place outbound collection calls and answer inbound customer questions about invoices and payments from a dedicated phone number for each organization. The feature brings the phone, long the most effective collections channel and the hardest one to scale, into Monk’s Intelligent Collections.

Roughly $10 trillion sits in unpaid invoices worldwide, and the average invoice now takes 59 days to clear (Allianz). Most accounts receivable runs on email, and most of it waits. More than half of B2B invoices in the United States are overdue at any given time, and 92% of businesses are typically paid after their due date (Chaser, 2026). Phone calls recover overdue invoices two to three times better than email (Dunwise), yet 91% of finance teams still rely on email as their main follow-up channel and only 56% use the phone, because calling every overdue account by hand does not scale and a single human dunning call can cost $12 to $18 (HighRadius).

Voice Collections gives teams that coverage. Julia can call on the accounts a playbook flags for phone follow-up, and answer when a customer calls the same number back to ask about an invoice, a payment, or a bank detail. Businesses that follow up on 100% of overdue invoices are 76% more likely to be paid within a week (Chaser), and a voice agent is what makes full coverage possible.

Monk’s collections agent is already proven on the accounts it handles by email. Across Monk’s first 100 customers, Julia reaches customers with a 24% higher response rate than standard dunning and resolves 88.2% of collections with zero human intervention. Voice extends that reach to the phone.

“For years the assumption was that customers would not talk to an AI on the phone,” said George Kurdin, Founder and CEO of Monk. “The evidence now points the other way. People engage with a good voice agent, and in AR the phone was always the channel that collected best. We built Voice Collections so finance teams can finally use it at the scale email gave them.”

That assumption is worth retiring. In a University of Chicago Booth field study of roughly 70,000 interviews, people interviewed by a voice AI agent were 12% more likely to receive an offer, 18% more likely to start, and 17% more likely to still be there after 30 days, and 80% chose the voice AI over a human when given the choice. The setting was recruiting rather than collections, but the finding travels: given a capable voice agent, people lean in rather than hang up. A call also does something email cannot, which is secure a verbal promise to pay in the moment.

Built for finance, with the phone agents kept with strict guardrails

Voice in finance has to be constrained, and Monk designed Voice Collections around that from the start. The agent is read-only on the phone. It answers questions, confirms details, and routes the next step. It will not rewrite an invoice, change a payment status, or accept a sensitive payment change by voice.

The agent is also reference-based. If a caller asks about an invoice, Julia asks for both the company name and the invoice number before looking anything up, and it will not search broadly from a single detail. Every inbound and outbound call is kept in the collection record alongside the email history, so a callback is part of the same thread the team already sees, and anything that needs judgment escalates to a person.

“Voice in finance has to be careful by design,” said Joe Zhou, Co-Founder and CTO of Monk. “Julia will not browse across accounts or move money over the phone. A caller has to bring the company name and invoice number before it confirms anything, and every call lands in the record. In finance a 1% mistake is still unacceptable, so we built for that first and added the reach second.”

Teams run autonomous collections on Monk

Monk runs collections for finance teams at companies like Unify, Pump, Siro, and Elate, and Voice Collections extends what those teams already do by email onto the phone.

“We chose Monk to help automate our collections, a process previously demanding several hours a week of manual, one-off outreach,” said Will Stewart, Head of Finance and BizOps at Unify. “Today, our Monk agent is always running in the background and I have a single dashboard to manage AR from.”

At Pump, which manages volume across more than 1,500 customers, Monk has helped collect over $10 million in recent months.

Voice AI is now infrastructure

The timing reflects how far voice AI has come. It has moved from demo to infrastructure: Vapi has processed more than 1 billion calls, Bland handles over 3.5 million calls a week, and ElevenLabs raised a $500 million round at an $11 billion valuation in early 2026. Monk builds Voice Collections on that foundation and adds the part finance actually needs, which is the AR context, the controls, and the audit trail.

Voice Collections is available now as an opt-in feature. Monk configures the dedicated number and call behavior with each organization before turning it on in Collections. See it in action: https://youtu.be/w09PoN1yACE.

About Monk

Monk is the AI-native accounts receivable platform that helps finance teams turn revenue into cash. Its agent, Julia, runs collections, cash application, and forecasting as one connected system. Monk resolves 88.2% of collections with zero human intervention, reaches customers with a 24% higher response rate than standard dunning, reduces DSO by more than 40%, automatically matches 80% of incoming payments with a full audit trail, and gives finance teams back roughly 26 hours a month. Teams onboard in under a week and see results in their first month. More than $1.5 billion in receivables is managed on the platform, including for customers like Profound and ElevenLabs. Monk has raised $25 million and is based in New York.

Media contact
Kendall Warson
kendall@monk.com
+1 415-827-6585

Sources: Chaser 2026 Accounts Receivable research; Dunwise dunning research; HighRadius collection call cost analysis; University of Chicago Booth field study on AI in recruiting; voice AI figures compiled by Enterprise DNA; Federal Reserve data; Allianz Worldwide DSO survey.

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SOURCE Monk

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