41567415 E Business Strategy Naukri

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    E-BUSINESSOFNAUKRI.COMSubmittedby:ShivaniPathak(PG20091170)ShivaniShah(PG20090231)

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    Thecompanythatsurviveslongestaretheonesthatworkoutwaystonotonlyexcelfinance-intermsofgrowthorprofitabilitybutalsoworkoutwaysforproperjobsatisfactionoftheemployees,theirabilitytomakepeoplehappybyputtingtherightpeopletorightjobAnonymousTheprocessofpickingrightpeoplefortherightjobhasbecomeincreasinglycomplex.ThisisleadingtoanincreaseintheneedforEmploymentPortals.Employmentportalsaretheweb-basedportalsdealingspeciallywithemploymentorcareers.ThesePortalsallowjobseekerstouploadtheirresumes,searchcurrentJobopenings.Employeescanlocateandfilloutajobapplicationorsubmitresumesovertheinternetfortheadvertisedposition.Employeesareofferedtopostreviews,careerandjob-searchadvice.Employerspostjobrequirementsforapositiontobefilled.Meansofemploymentsearch/listingusedinthepast(preweb)were:Joblistings(Newspapers,Magazines)TargetedMailings(Letterofinquiry)PrivateorPublicEmploymentAgencies.ExtendedbusinessnetworkJobFairEmploymentNewsandEmploymentExchangesintheIndianContextHoweverthekeyadvantagesofemploymentportalsisbridgingthegapbetweenjobseekersandemployers.ItwassoimmensethatithasledtoaninstantsuccessoftheseJobSearchEngines.

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    Thekeyfeaturesoftheseportalsare:Someofthekeyfeaturesoftheseportalsare:Joblistingfromeverypossiblesector.JobSearchTools(category,Experience,Keyword,Salary,Place,etc.)ResumePostingStep-by-stepguideformakingresumeandvaluablesuggestionsJobAlertservicesaccordingtotheresumepostedonwebsite.JobapplicationHistoryandInterview/Walk-inAlerts24*7availableofservice.Multipleresumeservice,targetingmultipleopportunities.Helpandguidance,ifneeded.Groupapplytomultipleselectedjobs.

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    AboutNaukri.comNaukri.com,IndiasNo.1jobsiteandtheflagship

    brandofInfoEdgerevolutionizedtheconceptofrecruitmentinIndia.Sinceitsinceptionin1997,Naukri.comhasseencontinuedgrowthwhileoutperformingitscompetitorsineverysphere.InfoEdgeisthefirstinternetCompanytobelistedinIndia.Naukri.comisarecruitmentplatformthatprovideshiring-relatedservicestocorporates/recruiters,placementagenciesandtojobseekersinIndiaandoverseas.ItoffersmultipleproductslikeResumeDatabaseAccess,andResponseManagementtoolsanditsservicesincludeJobPostings,andrecruiterbrandingsolutionsonthesite.With200000jobsliveatanypoint,Naukri.comservicedover35500corporateclientsin2009-2010.Thecompanyhasover1700peopleoperatingthrough49officesin32citiesinIndiaandoverseasofficesinDubai,RiyadhandBahrain

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    IndianJobSearchMarketoverviewKeyComponent

    KeyTrendsandoutlook

    SectorialEmploymentTrends

    E-Recruitmenttrends

    TypesofRecruitmentChannels:EmployeereferralsRecruitmentAgenciesPrintE-ecruitmentOthersLargestMarketshare:RecruitmentAgenciesMarketshareofPrintisdecliningwhilethatofErecruitmentisgrowing.10-12%jobsaregeneratedonlineofwhich75%canbefoundinotherdistributionchannels:Print,RecruitmentAgencies

    StimulusPackagesgenerated20%newjobs(whitecollarandbluecollar)inOct09Jan10.NetEmploymentOutlookin2010is36%.OneofthehighestintheworldIndiahasover350universitiesand17,600collegesOver2Mngraduates

    Top5sectorswhichrecordedhighestgrowthinjob-creation(whitecollarandbluecollar)inOct09Jan10:-Academics-Advertising/EventManagement-IT/Hardware-Research/Consultancy-Engineering

    TheestimatedMarketsizehadincreasedfromINR1450M(2005-06)toINR5060M(2008-09),a36%CAGRTheonlinejobseekingpopulationhasloggedanincreaseofa39%CAGR,from6M(2005-06)to23M(2008-09)Morethan50%contributioncomesfromRecruitmentConsultants

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    NaukriissupportedbyfourrecruitmentofferingstherebycreatingafullserviceinthejobsspaceOfflineplacementservicesformiddle&seniormanagementRevenuesbasedonsuccessfeemodelComplementsonlinemodel

    Focusesonhiringoffresher'sfromcampusLaunchedcommerciallyinlastquarterCampushiringisafastgrowingsegmentinIndiaPotentialseenforshiftfromofflinetoonline

    FocusonjobsintheMiddle-EastmarketUsedbyjobseekersfromvariousnationalitiesLargeaddressablemarketcurrentlyusingprintmedium

    Professionalnetworkingsite3.3MillionRegisteredProfiles

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    MajorPlayers

    OnlinejobportalshasbeentremendousgrowthoverthepastfewyearsbothinIndiaandabroad.Thecompetitioninthisspacehasbeenensuredthateachfiristryingtooutdotheotherfirmbybringingoutnewfeaturestoenticemoreandmoreuserstotheirsite.Eachoneofthemajorplayersisexploringtheunexploredandalsotryingtogivebetterservicetothecustomers.Letuslookatsomeoftheleadingplayersintheindustry.

    Compete:UniqueVisitors

    Compete:Rank

    http://siteanalytics.compete.com

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    Naukrihasgainedmarket-shareandisaclear#1with60%traffic-shareTrafficRankreflectsthenumberofvisitorstoaWebsite,aswellasthenumberofpagesonthesiteviewedbythosevisitorsbasedonthreemonthsofaggregatedtrafficdatafromusersoftheAlexaToolbar.

    WehaveaclosecompetitionbetweenTimesjobsandMonster.Naukrihasthehighestnumberofvisitorstothewebsite.

    Reachmeasuresthenumberofuser.

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    Pageviewsmeasurethenumberofpagesviewedbysitevisitors.Multiplepageviewsofthesamepagemadebythesameuseronthesamedayarecountedonlyonce

    WehaveaclosecompetitionbetweenTimesjobs,shineandMonster.NaukrihasthehighestPageviews.

    Thepageviewsperusernumbersaretheaveragenumbersofuniquepagesviewedperuserperdaybythevisitorstothesite.

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    TimeonsitemeansDailytimeonawebsitebyaSingleuser.

    WehaveanomuchdifferenceinTimespendandsearch%ofthegivenjobportals.However,thevisitorsofNaukrispendmoretimeonthewebsite.ButnaukrihastoworkontheSearch%.

    ThisisthepercentageofvisitonwebsitewhichcamefromSearchEnginelikeGoogle,Bing,Yahooetc.

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    AverageLoadtimeThisistheaverageloadtimeofthepagesfromthewebsite.IncaseofNaukri,itisshowingthisvalueasAverage(1.88Seconds).Sincenaukriexperienceahugetrafficondailybasisandtheyarealsohavinglotmanycontentandeffectontheirpages,thatswhythevalueisappearingasAveragebutNaukrishouldtrytominimizethisvalueforyourblogtogetitcrawledproperlyonsearchengines.

    Wherepeoplegoonnaukri.com

    Sitesusersvisitimmediatelyprecedingnaukri.com

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    InternetpenetrationImplicationsforInfoEdgeSignificantuserbasecoupledwithheadroomforgrowth.Penetrationofbroadbandincreasing.3Gandwirelessbroadbandexpectedtogolivesoon.Mobilephonepenetrationalreadyexceeds600Mwith3Gexpectedtoexplodeforhighendapplications.BroadbandUsersengageinmultipleinternetactivitiesonadailybasis&theirconsumptionbehavior.Penetrationofwirelessintelecomhasenabledagrowthof0.06percentoftheGDPinIndiawhereasithascontributed0.04percentofGDPinChina.

    BroadbandSubscribersIndiasInternetconsumerprofilemixischangingtobroadbandandheavierusageAbout2.35subscribersaddedin2008-09withgrowthrateof60.72%GovernmentofIndiaplans250Mbroadbandconnectionsby2012

    Source:http://www.trai.gov.in/annualreport/TRAIAR2008-09E.pdf

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    OnlinejobsearchisapopularactivityandNaukrihasthedominantpositionMostPopularOnlineActivities(OtherthanE-mail)MostusedwebsitesinIndia

    JobSearchissecondpopularactivityontheInternetinIndia

    NaukriisoneofIndiasmostusedwebsites

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    BannerAd

    PanelsJobListingsResumeDatabase

    JobSeekersService

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    KeydriversofsuccessConsolidatetrafficsharegainedoverthelast24monthsGarnerhighermarketshareasgrowthcomesbackSpecificproductinnovationstocombatthethreatofLinkedInand

    semanticsearch(Trovix)fromMonsterReapgainsfromsalesteamefficienciesRestructuring,ERP,NewersaleschannelsContinuetoinvestinbrand,salesteam,customerservice,techproductinnovation,people

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    RevenueModelMajorJoblistingandEmployerBranding/VisibilityResumeDatabaseAccesss:-JobSeekerServices,GoogleAdsense,Advertisingotherthanforjobs,Mobilerevenues,Resumeshortlistingandscreening

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    CompetitionNaukrihasincreasedthecompetitivegapInNov2007,therewasa10%trafficsharegapbetweenNaukriandMonsterIndia/TimesJobsInearly2010,thegapwitMonsterIndiaincreasedto35%,withTimesJobsto50%

    RisksThreatfromMonsterssemanticsearch(Trovix)technologypropositionandLinkedinbecomingactiveinIndia.

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    ObjectivesoftheStakeholders

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    DEFININGTHEMARKETINGOBJECTIVESThecompanyshould,lookatatwo-foldobjectiveforitsmarketingprogramme:Increasesitetrafficbygainingmindshare.Thatis,thecompanyshouldensurethatthenaukri.comsitehasahighrecallandisconsideredfirstforrecruitmentadvertisingnotjustasanalternativeamongstotheronlinesites.Increaseresumedatabase(RESDEX)servicescontributiontototalrevenuesfrom40percentto80percent.Currently,95percentofthenaukri.comrevenuescomefromemployerswhoputadvertisementsorgetresume-relatedservicesandonly40percentcomefromRESDEXservices.Thecompanyshouldincreasetheshareofrevenuesfromvalueaddedservicessuchasdata-basedservicesto80percent(jobsaheadandmonsterindiaderivearound80%oftheirrevenuesfromRESDEXservices).

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    RecommendationConsideringtheincreasedcompetition,thequestionthatcomesnaturallyiswhether

    naukri.comshouldbeworried.Notquite,ifitcontinuestofocusonjobseekersbyofferingservicesthatmatchtheirneeds.Asanillustration,onecananalyzehowgoogle.comistryingtokeepitscustomersorforthatmatteranyotheremailserviceprovider.Asegmentationstrategybasedonjobseekersandorbasedonrecruitersmaybeexplored.Theprosandconsofsuchastrategycanbelookedat.Thekeyistohavefullysatisfiedjobseekersinincreasingnumbers.Morejobseekerswillmakeitmoreattractiveforrecruiters.Thatis,strategiesmustbedevelopedandimplementedtoacquireandretainjobseekersevenaftertheyhavegotjobs.So,jobseekerssatisfactionbecomesthekeyissue.Forweb-basedbusiness,thefocusshouldbeon:

    developingindividualitybuildinginteractivitydevelopingcustomerasco-producerdeliveringvalue.-departmentalandBusiness&ITalignment

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    Recommendation(cont)naukri.comshouldfocusonitselfasafacilitatorandactivelyinvolvejobseekersand

    recruitersinmakingofferstoeachother.Specificinitiativesshouldbetakenonsalesforcecompensationandassessmentofitsfuturescenario.Therevenuemodelshouldbereworkedtotaprevenuefromjobseekersaswell.ImproveyourE-BusinessthroughBetterContentandEffectiveWeb-DesignBenchmarkagainstexternalpartiesbutbecarefulinchoosingthem,includeothercustomergroupsandsectors.VerifythatthecurrentmaturityofyourE-Businessorganizationisinlinewithstrategicbusinessobjectives,onlinestrategiesandmeetsperformancecriteriaBridgethegapbetweendifferentunitsintheorganization,specificallymarketingandIT,byestablishingacrossdepartmentalE-Businesssteeringteam.WorkoncreatinganintegratedE-businessroadmap.PayattentiontoimprovingE-Businessprocessintegration

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    THANKYOU

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