Economics of Online Recruitment
Online recruitment describes hiring workers who were initially selected via the Internet. The practice is now widespread, with a majority of US jobseekers undertaking some online job search activity. The online intermediaries that allow employers and employees to connect with each other, leading to online recruitment, vary in scope. They range from websites that provide information about workers or openings, thereby facilitating search (‘job boards’ or ‘job search engines’) to websites that both provide information and enable employers and employees to interact online during the hiring process (‘online labour markets’). A subset of online labour markets also provides an infrastructure that allows for online management of the work process and payment systems.
KeywordsAdverse selection Communications technology Globalization Hiring Intermediation Job boards Labour Moral hazard Online labour markets Offshoring Organizational economics Outsourcing Personnel economics Search models Search engines Services industries Trade frictions Websites
JEL ClassificationsJ6 L86
- Blinder, A., and A. Krueger. 2009. Alternative measures of offshorability: A survey approach. NBER Working Papers 15287, National Bureau of Economic Research, Inc.Google Scholar
- Cappelli, P. 2001. Making the most of on-line recruiting. Harvard Business Review, March.Google Scholar
- comScore. 2010. comScore media metrix ranks top-growing properties and site categories for January 2010. Available at: http://www.comscore.com/Press_Events/Press_Releases/2010/2/comScore_Media_Metrix_Ranks_Top-Growing_Properties_and_Site_Categories_for_January_2010. Accessed 15 Oct 2012.
- Horton, J. 2010. Online labor markets. Working paper.Google Scholar
- Monster.com. 2012. Monster Internal Data, monthly average Q3.Google Scholar
- Mortensen, D. 2003. Wage dispersion. Cambridge, MA: MIT Press.Google Scholar
- Smartsheet.com. 2009. Paid crowdsourcing. Current state and progress toward mainstream business use. Available at: http://www.smartsheet.com/files/haymaker/Paid%20Crowdsourcing%20Sept%202009%20-%20Release%20Version%20-%20Smartsheet.pdf. Accessed 15 Oct 2012.
- Stanton, C., and C. Thomas. 2012. Landing the first job: The value of intermediaries in online hiring. Working paper.Google Scholar
- Zittrain, J. 2009. Work the new digital sweatshops. Newsweek, December. Available at: http://www.thedailybeast.com/newsweek/2009/12/07/work-the-new-digital-sweatshops.html