CV-Online grows by 500%, continues to lead with innovation

CV-Online, Central and Eastern Europeís online recruitment company is currently promoting almost 11,000 job vacancies across its 9 markets, which is 500% growth compared with a year ago.

Emma Toth-Plumtree, Managing Director for CV-Online, commented on the impressive growth of CV-Online. ìFive years ago we had approximately 500 or so job advertisements, mainly in the area of white collar and highly skilled workers. We are now enjoying growth rates in the region of 500% per annum with regards to job advertisements and this is having a positive impact on our revenue growth - currently between 85-105% year on year, dependant upon market. Print media is taking a hit in Central and Eastern European,î adds Emma, ìas online recruitment becomes a firm favourite of recruiters looking for an efficient, long term, user-friendly solution with flexible pricing modelsî.

As online markets matured across the region, the type of vacancies advertised on the job boards have diversified and now a significant proportion of the ads are for cooks, cleaners and car mechanics and other blue collar positions. Internet penetration developments have also allowed CV-Online to reach jobseekers outside of major cities. EU accession and the gradual opening of EU15 member stateís job markets allow CV-Online to offer a wide selection of overseas vacancies, thus providing a huge scope of career opportunities for its 750,000 registered users across 9 markets in Central and Eastern Europe.

The company continues to broaden its service portfolio with innovative solutions which offers its client seamless integration of their own websites with the CV-Online job boards. Its latest JobStream service allows employers with a corporate web page lacking e-Recruitment solutions to publish vacancies and accept application on their websites by including CV-Online technology. Another productivity enhancing service offered is Mirroring, which allows advertisers automatic postings of job ads from their own corporate sites onto any CV-Online portal.

CV-Online was established in 1996 in Estonia and is currently operating in Latvia, Lithuania, Poland, Czech Republic, Slovakia, Hungary, Russia and Romania. It is part of CVO Group the regionís leading provider of HR solutions, whose other businesses include CVO Finance, CVO Sales & Marketing and CVO Technology recruitment agencies; Simplika temporary employment solutions; and CVO Outsourcing, which provides HR outsourcing services. In 2005 the group posted revenues of Ä13.6 million.