Using Semantic Web technologies in the domain of online recruitment could substantially increase market transparency, lower the transaction costs for employers, and change the business models of the intermediaries involved. In this paper, we describe how online recruitment processes can be streamlined using Semantic Web technologies. We analyze the realization chances of such a scenario from the technological and business viewpoint. We describe a prototypical implementation of the required technological infrastructure and analyze the potential economic impacts, the interests of the involved parties, and potential changes to their business models.