Talent Acquisition And Staffing Technology Market Revenue and Value Chain 2017-2027
Talent acquisition and staffing technology market is growing progressively due to increasing usage of digital technologies for recruitment, staffing and other human resource functions. Moreover this Talent Acquisition and Staffing Technology is adopted in the organizations to attract and retain talent in the company without spending too much of amount on recruitment staff.
Talent Acquisition and Staffing Technology is used to attract hire, evaluate and involve permanent and temporary staff members to reduce the problem of labor unavailability in various business units. This Talent Acquisition and Staffing Technology helps recruiting, staffing and talent management companies that help organizations to get good and skilled workforce.
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Talent Acquisition and Staffing Technologyis increasingly adopted due to changing sourcing strategies of the companies, change in the process of hiring professional and executive search, increasing usage of social, mobile technology usage among candidates for job search and changes in branding and marketing of recruitment and hiring.
Talent Acquisition and Staffing Technology Market: Drivers and Challenges
The major factor driving the Talent Acquisition and Staffing Technology is the adoption of modern technologies such as mobile, analytics, cloud and other for talent search and job search. Many recruitment organizations have started adopting these modern technologies in order to improve the user experience as individual use smart devices to search job. Moreover, acceptance of new model and services in talent acquisition field has enforced companies to use this technology.
The key challenge the lack of knowledge about the usage of Talent Acquisition and Staffing Technology. This technology is still at its introductory phase and has been used by limited companies for hiring and talent acquisition. Companies are using this technology but due to lack of knowledge, it is not used properly. Moreover, the process of partnering with a talent acquisition firm which is using technology to hire employees, is a costly task due to which medium and small companies do not use consider this technology.
Talent Acquisition and Staffing Technology Market: Segmentation
Segmentation on the basis of platforms:
- Cloud based platform
- Digital analytics platform
- Consumer marketing platform
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Key Contracts:
In August 2016, Randstad, a talent acquisition company has entered into a contract to acquire Monster, a job search portal. This acquisition will help Randstad to improve its offering by providing new options through Monster web portal to customers along with using talent acquisition technology.
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