Portals eNewsletters Web Seminars dataWarehouse.com DM Review Magazine
DM Review | Covering Business Intelligence, Integration & Analytics
   Covering Business Intelligence, Integration & Analytics Advanced Search
advertisement

RESOURCE PORTALS
View all Portals

WEB SEMINARS
Scheduled Events

RESEARCH VAULT
White Paper Library
Research Papers

CAREERZONE
View Job Listings
Post a job

Advertisement

INFORMATION CENTER
DM Review Home
Newsletters
Current Magazine Issue
Magazine Archives
Online Columnists
Ask the Experts
Industry News
Search DM Review

GENERAL RESOURCES
Bookstore
Buyer's Guide
Glossary
Industry Events Calendar
Monthly Product Guides
Software Demo Lab
Vendor Listings

DM REVIEW
About Us
Press Releases
Awards
Advertising/Media Kit
Reprints
Magazine Subscriptions
Editorial Calendar
Contact Us
Customer Service

Talent Acquisition and Staffing Services to Experience Robust Growth Through 2009, IDC Finds

    Online News published in DMReview.com
November 21, 2005

According to a newly released IDC study, the market for talent acquisition and staffing services demonstrated solid growth in 2004, and early indications reveal that this trend is continuing through 2005. The study revealed that total market spending on recruiting and staffing services in 2004 grew 10.8% over 2003. IDC forecasts that worldwide recruiting and staffing services spending will experience a compound annual growth rate (CAGR) of 8.3 percent during the 2005-2009 forecast period. The comprehensive study also analyzes emerging market trends and technologies and examines the performance of over 40 staffing and talent-related vendors.

"All areas of talent management are experiencing growth, and sourcing and contingent staffing are no exceptions," said Lisa Rowan, program manager for IDC's HR and Talent Management Services. "The war for talent is re-emerging and employers are realizing that a high performing workforce is key to competitive advantage. Suppliers are responding with new strategies and offerings to help them win the battle."

The improved employment outlook in North America fueled much of the growth for talent acquisition and staffing services. The U.S. held the largest share of spending with 10.5 percent growth in 2004, and will lead in growth throughout the forecast period. EMEA, the second largest region in terms of spending, has relatively high unemployment rates, and slower growth is expected for this region as compared to the Americas and Asia/Pacific regions.

"Barely a day goes by without increasing evidence of the new war for talent, the shrinking and maturing workforce, and the need to improve employee satisfaction to ensure retention," adds Rowan. "The evidence is clear that these are top-of-mind issues that are extending beyond the HR department into the highest levels of the organization."

The study, "Worldwide and U.S. Talent Acquisition and Staffing Services 2005-2009 Forecast," presents 2004 actual revenue, comparing growth over the prior year, and a five-year forecast for the worldwide and U.S. markets for talent acquisition and staffing services. In addition, the report examines the performance of over 40 staffing and talent-related vendors. Also presented are the key market drivers, macroeconomic factors, and foreseeable risks and opportunities for the talent acquisition and staffing services market. This study also uncovers emerging trends and technologies that may have an effect on future vendor performance and customer adoption. The purposes of this study are to identify and quantify the worldwide and U.S. market opportunity for these services: permanent hiring services, temporary and contingent staffing services, online job boards, end-to-end hiring services, testing and selection services, salary benchmarking services, background check services and outplacement services.

...............................................................................

For more information on related topics visit the following related portals...
Strategic Intelligence.

This piece has been brought to you by the DM Review Editorial staff.

Solutions Marketplace
Provided by IndustryBrains

Numara Track-It! Help Desk Software
Numara provides Track-It! - the leading help desk solution for call tracking, problem resolution, IT asset management, LAN/PC auditing, patch management, electronic software distribution, remote control, and more. Free demo

Continuous Data Protection - recover it all fast!
TimeSpring FREE WHITE PAPER - click here. Continuously protect Exchange, SQL Server and NTFS with TimeData CDP software. Easiest to use, non disruptive, affordable. "Infinite" choice of restore points.

Website tracking, web statistics and analytics
Watch your visitors in real time as they browse your site. Website statistics provide insight. Understanding website traffic and visitor clickstream behavior is crucial to managing a website on a daily basis. Real-Time reporting. 4 week free trial.

Rosette Linguistics Platform
Basis Technology utilizes powerful techniques to provide software solutions for extracting meaningful intelligence from unstructured text in Asian, European and Middle Eastern languages.

Click here to advertise in this space


E-mail This Online News E-Mail This Online News
Printer Friendly Version Printer-Friendly Version
Related Content Related Content
Request Reprints Request Reprints
Advertisement
advertisement
Site Map Terms of Use Privacy Policy
SourceMedia (c) 2006 DM Review and SourceMedia, Inc. All rights reserved.
SourceMedia is an Investcorp company.
Use, duplication, or sale of this service, or data contained herein, is strictly prohibited.