According to the latest OECD Information Technology Outlook 2004, cost-savings are often cited as the main driver of online recruitment. One source estimates that Internet recruitment costs a firm around a fifth of print advertising.
Local job searches are only part of the picture. Monster.com, a recruitment agency, started its site 10 years ago in the US, and today provides sites for 25 countries, with over 30 million CVs and a searchable database of over 300,000 job offerings. As of September 2003, over 4.6 million jobseekers dipped into its database from Europe alone.
Governments and government agencies are also using the Internet for recruitment. In September 2003, when the EU launched a free public employment site advertising vacancies across Europe, it started up with 11,000 vacancies, translated into 20 languages. The site also provides a database of living and working conditions, with practical information on housing, schools, taxes, and so on.
©OECD Observer No 245, November 2004