In addition to matching job applications with available positions, what larger function do online job sites fill? Explain how such sites can affect salaries and going rates?

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In addition to matching job applicants with available positions, online sites also serve the larger function of automating this information-intense business process, reducing search times and costs for all parties. These sites can also affect salaries and going rates by establishing market prices and terms.

 Online recruitment sites identify salary levels for both employers and job hunters and lay out the skill sets required to achieve those salary levels. They serve as online national marketplaces to establish the terms of trade in the labor market, thus their existence should lead to a rationalization of wages, greater labor mobility, and higher efficiency in recruitment and operations as employers are able to more quickly fill positions.

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