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
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