Considering the popularity of such multi-media based CV in US and UK, an Indian jobsite recently launched a free video resume uploading service, the first such service in the domestic market. And now another jobsite is measuring the prospects of this concept and may also soon introduce a similar service.
A video resume which essentially means presentation of an applicant's details and credentials through various media like video and audio might not revolutionise the online recruitment in the country, but experts foresee that it is capable of easing out the preliminary selection process.
"The concept of video resume is here to stay," believes monsterindia.com's vice president Products and Technology Vikas Aggarwal. Monsterindia.com is the first to launch video resume.
According to Internet and Mobile Association of India, the online recruitment market has leaped to Rs 240 crore (Rs 2.40 billion) in 2006-07 from Rs 145 crore (Rs 1.45 billion) in 2005-06.
During the same period, says an IAMAI study, the number of online job seekers has grown from 6.5 million to 9.2 million. The online recruitment growth rate is a remarkable 60- 70 per cent. A recent media survey showed that about 87 per cent of recruiters in America would watch a video resume if submitted to them.
Interestingly, it is now a myth that only e-recruitment serves the purpose of a handful in India. IAMAI research says India's Internet users population stands at 38.5 million and is all set to grow to a 100 million by 2007-08.
