While internet revolutionised the very basics of job hunt by taking it from the physical bio-data filing to virtual uploading of resumes, mobile modernises job hunt axioms further by consolidating the service to a compact device.
According to data shared by Recruit.net, job hunt through mobile devices increased from eight per cent in 2011 to 33 per cent in October, 2013. It further stated that because of cheap data-enabled phones and mobile’s evolution as the one-stop-destination for users’ every need, job searches carried out from mobile devices have increased three-fold in the past couple of months.
“Shift to mobile is one of the biggest trends in the job search space. One out of three job seekers in Asia now uses a mobile device to search for jobs and this trend is continuing,” shared Maneck Mohan, Founder and CEO, Recruit.Net.
Evolving with the trend
To keep up with the changing trends, Hong Kong-based Recruit.net has launched a mobile-optimised website, which enables users to browse and search jobs from top companies. It also helps them find their social media contacts at those companies. As a result, users are able to spot inside connections after connecting their Facebook and/or LinkedIn profile.
“Job postings are no longer posted on one or two sites; they are now across thousands of direct employer web sites, recruitment agencies and niche job boards,” expressed Mohan.
Mohan describes Recruit.net as a search engine similar to Google, only difference being that the search engine’s content comprises solely of job listings from websites around the world. Recruit.net is aiming at strengthening its services and extending proposition with its mobile services.
The company is currently present across 19 countries, including Australia, Canada, China, Hong Kong, India, Indonesia, Ireland, Japan Malaysia, Netherlands, Philippines, Singapore, South Africa, Thailand, UK, USA and Vietnam. It aims to enter newer markets in 2014 and has moved to a cloud-based infrastructure so as to create a more conducive environment for expansion.
The job search engine monetises its business through its pay-per-click recruitment advertising network, which delivers advertisers targeted job seeker traffic and sponsored listings.
Recruit.net has not taken any funding till date. Nonetheless, the website is in conversations for potential investments from strategic partners that have long-term interests in the online recruitment sector. In 2013, Recruit.net witnessed almost 83 per cent growth in revenues as compared to 2012, the company shared.
Online job websites were one of the early entrants in the dot com ecosystem. Since then, the segment has bloomed into a flourishing industry. Web and mobile jobs sector worldwide has been buzzing with action since the last few years, with some of the major mergers and acquisitions, and IPOs.
In 2012, Beyond.com, a career network, acquired Human Capital Solutions, parent company of JobCircle.com (which functions primarily out of mid-Atlantic states) for an undisclosed amount. Australia-based online job ads site Seek also announced that its Seek Asia subsidiary will be buying out the last 20 per cent of JobsDB that the website already does not own. 2013 also witnessed a similar trend with Japan-based Recruit.co acquiring Indeed.com, a website popular in North America.
Singapore leads the way
According to the aforementioned data, in 2013, Singaporeans emerged to be the most mobile-savvy job-seeking users in Asia, with the highest proportion of mobile job searches in the region, followed closely by Japan and Hong Kong. Vietnam and China, meanwhile, are at the bottom of the pack.
Globally, mobile job seekers are most prevalent in the United Kingdom and Australia, boasting 39.82 per cent and 35.89 per cent respectively.
With job opportunities pasted all over the internet, centralisation through a search engine could prove to be valuable.