Electronic job marketplaces: a newly established manifestation of e-business

Finding suitable candidates for critical job posts is currently an issue of concern for most organizations. Consideration of cultural fit, experience, ability to adapt to the company’s marketplace and ability to grow with the organisation all weigh heavily on the minds of most human resource professionals. Since the mid-90s a significant number of recruiting firms started exploiting the Internet mainly because of its global nature that provides access to an unlimited pool of skills. Optimistic estimations examine the Internet as a medium for conducting the recruitment and selection process in an online environment. This paper suggests developing an integrated Electronic Job Marketplace offering a new service in the Internet Job Market: Online Interviewing for screening candidate employees. In order to meet hiring objectives and control the increasing cost of recruiting, organisations could implement an online recruiting and selection process. The critical requirements of the new model are: eliminating paperwork, improving time-to-hire, reducing turnover, creating a resume and position-centric environment as well as using the Internet as a recruitment and selection tool.