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BOSTON – FEB. 14, 2017 – Bullhorn®, the cloud computing company that helps staffing and recruiting organizations transform their businesses, today announced the release of its “2017 North American Staffing & Recruiting Trends Report: Above and Beyond Business as Usual,” which found that more than 75 percent of staffing and recruiting firms met or exceeded their revenue goals for 2016. Overall, the report showed that the vast majority of staffing and recruiting professionals felt bullish for 2017, despite swelling threats of global economic uncertainty and talent shortages.
Compared to 2016, staffing and recruiting professionals said they expected an even more profitable and productive 2017, marked by growth from temporary placements driven by repeat clients facing talent shortages in key sectors. Eighty percent of respondents said they anticipated some revenue growth, and 17 percent expected revenue growth of more than 25 percent.
Increasing profitability and driving revenue topped the list of staffing and recruiting priorities in 2017, ranked by 56 percent and 47 percent, respectively, as primary goals. Achieving financial stability took precedence over branch expansion plans, as firms also indicated acquisitions and offshore partnerships among lower priorities.
Key findings include:
Bullhorn’s seventh annual North American Staffing & Recruiting Trends Report is the result of a global survey conducted among 1,440 staffing and recruiting professionals from December 2016 to January 2017. The findings spotlight the industry’s take on the current staffing landscape, outlook on future performance, essential metrics to track, and industry best practices. The survey data was broken down by firm size, recruitment type, industry served, and job specialization. Staffing and recruiting professionals use this report to learn more about industry trends and compare themselves to their peers.
To download the “2017 North American Staffing & Recruiting Trends Report: Above and Beyond Business as Usual” for free, visit http://ow.ly/t9uV308Xuua.
Bullhorn is the global leader in CRM and operations software for the staffing industry. More than 7,000 staffing companies rely on Bullhorn’s cloud-based platform to drive sales, build relationships, and power their recruitment processes from end to end. Headquartered in Boston, with offices around the world, Bullhorn employs more than 600 people globally. The company is founder-led and backed by Vista Equity Partners. To learn more, visit www.bullhorn.com or follow @Bullhorn on Twitter.
Vice President, Marketing Communications, Bullhorn