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‘Cloud-based recruitment services’, so named because they use the Internet as a common network to pool together resources, enable enterprises and mid-sized businesses to recruit top talent, align employees to key goals and collate data throughout their employees' careers are catching on in China according to a story in today’s Metro Beijing.
The newspaper focussed on iBole, with a new line in software developed by the Shenzhen 8AZA Network Technology Company. The company, which works only for corporates, charges a subscription fee which varies based on staff numbers. iBole provides enterprises with comprehensive online recruitment solutions including comprehensive job fairs, campus recruitment, training, targeted mobile recruitment, and integrated recruitment solutions to meet different customers at different stages of their recruitment needs.
Among iBole's clients is the Baxter Healthcare Corporation, which has about 800 employees at its Shanghai branch and pays CNY 40,000 (USD 6,540) annually.
However, iBole already has stiff competition in the cloud-based recruitment services sector. Oracle, has also invested heavily in this emerging field. In February 2012, it acquired cloud-based recruitment service Taleo for $1.9 billion. Earlier this year, the tech giant also bought cloud-based social talent networking service SelectMinds.
A spokesman for iBole identified Taleo as a major competitor, but said it was still too early to predict which cloud-based recruitment solutions provider would dominate the Chinese market.
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