Finding a job is quite challenging. A referral program is one of the simplest ways to find work. People frequently ask their friends and relatives to help them locate suitable employment, either at their own firm or at a company they are familiar with. But did you know that in the last few years, the entire job-hunting process has shifted from recommendations and newspapers to big job portals such as Naukri.com, Monster.com, and others? People, including job recruiters, find it very simple to post a job that includes all of the necessary facts, such as credentials and requirements, and job seekers can simply find a position that matches their interests and qualifications. These portals have made job searching a lot easier, which has resulted in a huge growth in the need for job portal app development.
Although one of the most popular methods of hiring is through a referral from an existing employee. However, according to a global poll of North American hiring decision-makers, around 58 percent of job seekers prefer to locate work through job portals. According to data provided by GP Bullhound, Recruit Holdings ranks top among the leading online job portals worldwide, with a market valuation of approximately 65 billion U.S. dollars, followed by SEEK with a market capitalization of 5.4 billion U.S. dollars, and 51job. Though Naukri.com may not be the most well-known employment site in the world, it is undoubtedly one of the most popular.
So, if you’re a recruiting agency looking to launch your own recruitment site or a fledgling entrepreneur looking for a revenue-generating business concept, you’ve come to the perfect place. Here, we’ll talk about how much it costs to develop a job portal software like Naukri.com, how Naukri makes money, and some of the must-have features to include in your job portal. But first, let’s take a look at some of the benefits that these portals provide for both recruiters and job searchers.
What are the advantages of using apps such as Naukri.com?
The current unemployment rate is 6.7 percent, according to the United States Bureau of Labor Statistics, as of November 2020. We’ve already discussed how tough it was to locate suitable employment in the past. Not only was it difficult for job seekers to discover and hire qualified candidates, but it was also difficult for recruiters. We now have career sites that bring everything together in one location, thanks to technological advancements.
Also Read: A complete Guide to Build a Job Portal App Like Naukri.com or Indeed.com!
Let’s take a look at some of the benefits that a job portal software like Naukri can provide for both employers and job seekers:
Time is saved, and marketing costs are saved.
More Job Opportunities for Job Seekers More Consolidation of Candidate Profiles Regular Job Alerts Recruiters’ Hiring Option
- Job Recommendation Screening of Resumes
- Dashboard that is better
- Filters in Abundance
- E-mail Alerts for Cross-Browser Compatibility
While these are just a few examples, there are countless others. One can also look at the profiles of the recruiters, as well as ratings from other prospects, to verify that they are heading to the right place to work. These are some of the elements that are driving up demand for job portal software solutions among recruiters and job searchers, as well as why entrepreneurs are interested in investing in online freelance job portal development.
What is the revenue model for Naukri?
You might be intrigued about Naukri’s business model now that you’re aware of the benefits and demand for apps like it on the market. You might be curious about how these job boards earn money. Here are some of the ways that job platforms like Naukri make money:
Whenever the organization has a new vacancy, the recruiters contact various job portals to publicize the position so that they can obtain the most candidates and user views. These job portals now charge them for these postings based on the plan that the employer has chosen. It could be for the number of days the ad is running or on a per ad basis.
These employment portals have amassed a massive database of jobs and job seekers over the years, as everyone who intends to use the portal must first register and provide information such as their name, profile, and even CV. These portals then sell this information to recruiters, and job seekers may be charged to provide any employment-related information. It is one of the most common ways for job portals like Naukri and Monster.com to generate revenue.
These portals have a large database of job-seeking emails in addition to selling resumes and data. These websites can thus be used by a corporation on a hiring binge to purchase email data. However, if the company buys unfiltered data, i.e. candidates from all fields, the price may vary, and it may be difficult for them to discover the ideal individual. However, some websites charge a premium for filtered data, such as the emails of individuals looking for jobs in the same industry.
Not only job portals, but practically all portals now make money this way. Every employment board provides premium members with additional benefits. Basic and premium membership rates differ, and premium members receive extra perks such as increased visibility.
These are some of the ways you can make money if you want to establish your own employment portal, and you’ll need a development business with experience designing unique and scalable mobile app development company to do so. Let us now go on to learning about the incredible qualities that are really vital.
Also Read: Job Portal Development Solution
Features That Must Be Included in a Naukri App
Before we go into the cost of creating a job portal app like Naukri, it’s crucial to understand the list of important features you should request from your job portal app development business.
This is a very basic but vital feature that allows people to effortlessly join up by either using their email addresses or directly utilizing their social network accounts.
2. Advanced Filters
Users may quickly find the appropriate job for themselves based on work location, job kind, area of expertise, income range, and many other factors. As a result, advanced filters are a fantastic addition.
3. Make a curriculum vitae
Recruiters look at CVs/resumes as one of the first things they look at before employing someone for any job role. As a result, it’s critical that you provide a way for job seekers to construct an impressive and visually appealing résumé within the site itself.
4. Preserve jobs
Giving job seekers the option to store jobs they like and apply for them later is a terrific feature to have if you plan to create your own job portal software solution like Naukri.
5. Job Notifications
Job searchers should be able to receive alerts for all new job postings in their field of expertise so that they can apply right away.
6. Fill up an application for the job
All job portals now allow users to apply for jobs they like by just clicking the apply now buttons, such as Monster and Naukri.
7. Create a profile
Allowing users to create and save their profiles is one of the most important features to consider when developing a job portal app. This way, they don’t have to fill out their information again and again when applying for jobs, and recruiters can look over their profiles thoroughly before shortlisting them.
8. Keep Candidate Profiles on File
Recruiters can store candidate profiles that interest them, just like job seekers can save jobs they like. These saved profiles can be used for both current and future recruitment needs.
9. Payment Integration
You should hire app developers with experience integrating third-party APIs, such as payment integration so that consumers can quickly pay for any services they want.
10. Make Contact
Both recruiters and job seekers must be able to contact one another to see if the profile or job posting matches their needs and expectations.
11. Calling from within the app
In-app calling, which allows recruiters and job seekers to call one other without having to share their phone numbers if they don’t want to, is a must-have feature for enhanced security.
12. Job Advertisement
Recruiters must be able to publish their jobs and include all relevant information, depending on the plan chosen, so that job searchers can easily locate one that matches their requirements and skills.
13. Safety and security
In general, a job portal stores far too much data, from users’ personal information to their contact information and resumes, and you must assure data security.
These are a few essential elements that every job site app, such as Naukri, must have. Because not all app development businesses have the necessary skills to integrate these features, you must exercise extreme caution while selecting the proper employment portal development services for you.
How much does it cost to use an app like Naukri?
Calculating the exact cost of Naukri clone app development is difficult due to the numerous aspects that go into calculating the price. The entire job portal app development cost is determined by the features you plan to include, your job portal design, app complexity, and development time. To give you an idea, we’ve divided all of these variables and described how they affect the price:
Also Read: Job Search Mobile App – Must have Features & cost estimation
The final cost is determined by the type of application, whether you are looking for native app development or cross-platform app development. This is due to the fact that native app development is slightly more expensive than cross-platform app development. Cross-platform app development is portable, uses a single code base, and creates apps that can operate on numerous platforms, whereas native app development creates apps that are OS-specific and requires new code for each platform. The cost of Naukri clone app creation is also determined by whether you want a mobile app or merely a web app that runs on a desktop.
We’ve all heard about the value of smart website design and how it can help businesses connect with their customers. Users decide whether or not to stay on your solution in the first few seconds, whether it’s a website or an app. As a result, it is critical that you select a qualified and experienced UI/UX designer for the development of your job portal app.
The pricing will now be determined by the type of design you select for your project. If you choose a simple and fairly basic design, it will be far less expensive than one with very intuitive and advanced designs, which will raise the overall cost of developing a job portal app.
Not all apps take the same amount of time to create. Increases or decreases the cost depending on whatever features and plugins you choose to include. A simple employment portal app with minimal UI components and pre-defined templates and functionalities would take less time and cost less money than one with bespoke animations and advanced capabilities.
Applicable Tools and Technologies
Though few individuals take this into account when evaluating costs, it is a crucial issue to consider. The technology on which your job portal is built may have an impact on the cost, and some technologies require you to purchase additional tools and plugins in order to improve the functionality of the solution, which increases the cost.
The size of the team
The cost of developing a mobile app is determined by the number of individuals involved. In general, the app development team consists of the following individuals:
- UI/UX Designer Project Manager
- Developers that work on the front end
- Back-end Developers, Quality Assurance (QA), and Testers
The size of your team will vary based on the scope and size of your project. Some programs may have two developers working for them, while others may require more. This has an impact on the cost of developing a job portal app.
Updating and Maintenance
Job portal app development solution is not a one-time expense; you must account for continuous maintenance costs as part of your overall budget. After your team has deployed the app, it may encounter issues such as errors, version updates, and other issues that need to be addressed. These are ongoing expenses that you must account for and factor into your total budget.
Taking into account all of the aforementioned criteria, we can estimate that developing a job portal app will cost between $15,000 and $25,000. This cost is for a job app portal that has been established with some basic functionalities; however, if you plan to integrate sophisticated technologies such as Artificial Intelligence and IoT, the cost may exceed this range.
The unemployment rate is steadily rising, especially in the aftermath of the pandemic. This has raised the desire for, and even competition among, business owners who want to start their own job sites. Not all, however, are successful, and selecting the correct development team is the first step toward success.
You should hire a web development business with a lot of experience producing web development company for a variety of industries and sizes. Select the correct team of app and web developers to ensure that your project is in good hands and that they are capable of turning your vision into reality.
Thanks for reading our post “How Much Does It Cost To Create A Naukri-Style Job Portal App?”, please connect with us for any further inquiry. We are Next Big Technology, a leading web & Mobile Application Development Company. We build high-quality applications to full fill all your business needs.