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SpendEdge Forecasts a Spend Growth of over USD 150 Billion for the Recruitment Industry

November 21, 2019
SpendEdge Forecasts a Spend Growth of over USD 150 Billion for the Recruitment Industry
SpendEdge Forecasts a Spend Growth of over USD 150 Billion for the Recruitment Industry

LONDON--(BUSINESS WIRE)--Nov 21, 2019--

SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Recruitment Industry - Procurement Intelligence Report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191121005421/en/

Global Recruitment Industry Procurement Intelligence Report. (Graphic: Business Wire)

In an effort to reduce operational expenses, buyers from most of the organizations across the globe are preferring to outsource support functions, such as recruitment services, to third-party agencies. This is rapidly driving the demand for recruitment process outsourcing services which is a sub-segment of the recruitment industry. Currently, the recruitment industry is being dominated by the temporary staffing services segment owing to the growing demand for temporary marketing professionals in the US. According to forecasts, the recruitment industry will witness a spend momentum of more than 5% between 2018-2023.

Despite predictions of spend growth, frequent changes in the regulatory frameworks across regions and growing stringency of the same will herald complexities and increase the cost of services in the recruitment industry.

Theprevalence of stringent labor laws and the possibilities of amendments done on the existing regulations are expected to hike the pricing for a temporary staffing employee in the global recruitment industry,” says SpendEdge procurement expert Tridib Bora.

Want to know what are the price trends that are changing the procurement outlook in the recruitment industry? Subscribe to our free procurement platform to get regular and real-time insights into price trends, procurement strategies, supply market scenarios, and many more on this industry.

Things You Need to Know Before Venturing into the Recruitment Industry:

Request your free access to real-time procurement strategies and secure your position in the recruitment industry. To try our procurement platform for free, request a free demo.

Other key topics covered in this report are:

Now buy one reportand get a 50% discount on the second or, download the free sample of this recruitment industry procurement intelligence report.

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About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal

View source version on businesswire.com:https://www.businesswire.com/news/home/20191121005421/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 11/21/2019 07:31 AM/DISC: 11/21/2019 07:31 AM

http://www.businesswire.com/news/home/20191121005421/en