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."
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