1、Custom Research Powered byCrain Communications Inc.|All Rights Reserved|January 2024THE EVOLUTION OF RECRUITING:2024 UPDATE TO ESTIMATING THE ADDRESSABLE MARKET FOR RECRUITMENT AUTOMATIONTABLE OF CONTENTS INTRODUCTION 3SECTION 1:ADDRESSABLE MARKET FOR RECRUITMENT AUTOMATION 4SECTION 2:CURRENT RECRUI
2、TMENT AUTOMATION 5SECTION 3:POTENTIAL AUTOMATION OF RECRUITING TASKS 21SECTION 4:SUMMARY OF ADDRESSABLE RA MARKET ESTIMATE 28SECTION 5:CURRENT TRENDS AND OUTLOOK FOR RECRUITMENT AUTOMATION 29ABOUT INDEED AND STAFFING INDUSTRY ANALYSTS 31IntroductionThe Evolution of Recruiting|3Custom Research Powere
3、d by SIA|Crain Communications Inc.|All Rights Reserved|January 2024INTRODUCTION We are in a time in which the nature of recruiting is evolving dramatically.AI and other advances in technology are increasingly augmenting or replacing tasks in the recruiting process.Companies that can keep up with the
4、se advancements and leverage them are at an advantage,not to mention those that can successfully predict where these advancements will take us in the next few years.In response to these significant changes,SIA updates its current estimates and outlook for the Recruitment Automation market.We define
5、the addressable market for recruitment automation(RA)as the amount of money spent on current technology that supports the recruiting process,plus the amount of money we estimate that could be spent on further augmentation and replacement of recruiting tasks by technology available today.We define RA
6、 as the use of technology to augment or replace tasks in recruiting,and we define recruiting as the steps involved in filling a job opening,from posting a job to extending an offer.Some tools support only a part of the recruiting process,such as identity verification;other tools,such as vendor manag