Abstract
This IDC study looks at the market for talent acquisition and staffing services, which demonstrated moderate growth in 2007 but at a slightly slower rate than in the prior year. Worldwide unemployment was relatively low throughout 2007. Employment in the United States held relatively steady around 4.5% throughout 2007 until the end of the year, when it rose to 5.0%. Despite this rise and predictions of a slowing U.S. economy, the labor market remains tight especially for positions in IT and in certain industries. Unemployment in Europe, the Middle East, and Africa (EMEA) remains higher than in the United States, but employers in these regions are also experiencing shortages in some talent areas. Key findings of this study include:
- The worldwide market for talent acquisition and staffing services in 2007 showed growth of 8.3% over 2006. As has been the case, the United States accounted for the largest share of spending; U.S. spending was up 11.1% in 2007.
- Top vendors across most segments posted strong 2006 results, with double-digit growth in all but outplacement services.
"Most areas relating to talent management are experiencing growth, and sourcing and contingent staffing are no exceptions," said Lisa Rowan, IDC' s program director of HR and Talent Management services. "Despite the potential for an economic slowdown, there will be a steady need to add new workers in key areas, whether through permanent or temporary hiring. Suppliers can position themselves by being ready to address global mobility and leadership succession."
Table of Contents
- Table of Contents
- IDC Opinion
- In This Study
- Methodology
- Situation Overview
- HR Services Market Overview
- Figure: Human Resources Value Cycle
- Talent Acquisition and Staffing Services Market Overview
- Included Segments Within Talent Acquisition and Staffing Services
- Results in Talent Acquisition and Staffing Services for 2007
- Economic Trends
- Figure: U.S. Unemployment Rate, January-December 2007
- Market Trends
- Figure: U.S. Talent Acquisition and Staffing Services Spending Share by Select Segment, 2001 and 2007
- Figure: Top Workforce Challenges in the Future
- Table: Notable Vendor Events in Staffing and Talent Acquisition Services
- Overall Trends
- Table: Worldwide Staffing Services Revenue by Vendor, 2005 and 2006 ($M)
- Table: Worldwide Search Services Revenue by Vendor, 2005 and 2006 ($M)
- Table: Worldwide Online Job Board Revenue by Vendor, 2005 and 2006 ($M)
- Table: Worldwide End-to-End Talent Acquisition Revenue by Provider, 2005 and 2006 ($M)
- Table: Worldwide Hiring Process Support Services Revenue by Provider, 2005 and 2006 ($M)
- Table: Worldwide Outplacement Services and Consulting Revenue by Provider, 2005 and 2006 ($M)
- Future Outlook
- Forecast and Assumptions
- Table: Key Forecast Assumptions for the Worldwide and U.S. Talent Acquisition and Staffing Services Market, 2008-2012
- Worldwide Market for Talent Acquisition and Staffing Services
- Table: Worldwide Talent Acquisition and Staffing Services Spending by Region, 2007-2012 ($M)
- U.S. Market for Talent Acquisition and Staffing Services
- Table: U.S. Talent Acquisition and Staffing Services Spending by Service Category, 2007-2012 ($M)
- Market Context
- Table: Worldwide Talent Acquisition and Staffing Services Spending, 2005-2012: Comparison of February 2007 and February 2008 Forecasts ($M)
- Figure: Worldwide Talent Acquisition and Staffing Services Spending, 2005-2012: Comparison of February 2007 and February 2008 Forecasts
- Essential Guidance
- Actions to Consider
- Learn More
- Related Research
- Synopsis
