Great News for the Recruiting and Staffing Industry!

According to a new study by IDC, the global market intelligence and advisory firm in the information technology and telecommunications industries, “2003 showed signs of a rebound in many areas of recruiting and staffing, with growth shown in both the United States and worldwide. Early 2004 quarterly results are demonstrating that this growth will continue, a new report from IDC reveals. IDC forecasts worldwide recruiting and staffing service spending will increase to $94 billion by 2008, with a compound five-year annual growth rate (CAGR) of 8.7%. The U.S. market will continue to lead in this area and will increase to $40 billion in 2008.”

Among the key findings presented in this new IDC study are the following: