# Talent Acquisition & Staffing Technology and Services Market to a CAGR of 6.25%
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-03-01
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Revolutionise Talent Acquisition with Machine Intelligence
Meta Description: Unlock true potential in hiring rock star candidates with machine intelligence & Google's Cloud Job Discovery tool. Enhance recruitment with smart
URL: https://financedigest.com/talent-acquisition-staffing-technology-and-services-market-to-a-cagr-of-6-25html

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-1736816107870-compressed.jpg)

In the war to hire rock star candidates, the global [**talent acquisition & staffing technology and services market**](https://www.futuremarketinsights.com/reports/talent-acquisition-and-staffing-technology-market) is undergoing a sea change. However, true potential will be unlocked only when organisations focus on the power of machine intelligence wherein experts build a knowledge graph of the existing workforce and the positions required within an organisation. This data-driven knowledge graph will broaden the scope; hiring companies would no longer have to manually dig through thousands of candidate applications and can leverage intelligent recommendations through machine learning. While machine learning would automate various repetitive aspects of the recruitment process, it would also help identify [top candidates from large talent](https://www.financedigest.com/5-steps-hiring-top-talent-youre-just-start.html "5 steps to hiring top talent when you’re just a start-up ") pools on job boards.

**Request a Sample of this Report @** [**https://www.futuremarketinsights.com/reports/sample/rep-gb-3300**](https://www.futuremarketinsights.com/reports/sample/rep-gb-3300)

Recently launched Google’s ‘Cloud [Job Discovery’ that provides plug-and-play access to Google’s search and machine learning capabilities has helped more than 3,000 job seekers connect with employers on various job boards and company career sites](https://www.financedigest.com/ford-to-make-call-on-europe-job-cuts-by-mid-feb-as-buyers-circle-german-site.html "Ford to make call on Europe job cuts by mid-Feb as buyers circle German site"). The Cloud Job Discovery tool encompasses the entire recruiting ecosystem and has been [designed to provide an improved](https://www.financedigest.com/nvidia-shows-new-research-on-using-ai-to-improve-chip-designs.html "Nvidia shows new research on using AI to improve chip designs") candidate-employer experience. Google has also [launched a tool called ‘Google for Jobs’ that gives smart recommendations to job](https://www.financedigest.com/uks-made-com-to-cut-jobs-and-launch-strategic-review.html "UK’s Made.com to cut jobs and launch strategic review") seekers and helps them find the right jobs.

With the [growing importance of recruiting and retaining top](https://www.financedigest.com/5-top-tips-on-how-to-grow-a-technology-company.html "5 Top Tips on how to grow a technology company") talent effectively and efficiently, smart hiring processes are the need of the hour. It is about [time organisations move](https://www.financedigest.com/move-over-tina-its-time-for-tara.html "Move over TINA, it’s time for TARA") beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting [ways that would make candidates an important part of the hiring process will attract](https://www.financedigest.com/5-ways-lenders-can-attract-the-younger-generations.html "5 Ways Lenders Can Attract The Younger Generations") the best talent. [Studies reveal](https://www.financedigest.com/first-listener-wide-study-reveals-brand-impact-of-radio-livestream-and-podcasts.html "First listener-wide study reveals brand impact of Radio, Livestream, and Podcasts") that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring companies miss out on more than 50% qualified candidates and tech firms incorrectly classify up to 80% of candidates.

**Chatbots for Candidate Engagement Trending the Global Market**

Automation has permeated nearly every sector, with chatbots being the latest addition to the HR toolbox. Hiring companies are now using smart algorithms to screen candidate resumes and are deploying intelligent recruitment assistants to identify top prospects; pre-screen candidates; and to facilitate effective candidate engagement.

**Ask An Analyst @** [**https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-3300**](https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-3300)

**Recruitment [Marketing and Advertising Initiatives to be the Go-to Strategy](https://www.financedigest.com/beyond-the-pill-strategy-to-be-the-centerpoint-of-high-content-screening-market.html "“Beyond the Pill” Strategy to be the CenterPoint of High Content Screening Market") for Talent Acquisition; Interactive Recruiting to Metamorphose the Overall Hiring Experience**

A recent study by [Future Market Insights](https://www.financedigest.com/frozen-pizza-market-will-register-a-cagr-of-6-0-during-2031-to-reach-about-us-32-89-bn-future-market-insights-inc.html "Frozen Pizza Market will register a CAGR of 6.0% during 2031 to reach about US$ 32.89 Bn | Future Market Insights Inc. ") [highlights](https://www.financedigest.com/atlantia-exit-highlights-milans-battle-to-retain-market-heavyweights.html "Atlantia exit highlights Milan’s battle to retain market heavyweights") the importance of marketing and advertising in the recruitment process. The growth in the talent acquisition [market has led to the evolution of many technologies](https://www.financedigest.com/technology-will-kick-start-the-uk-housing-market.html "Technology will kick-start the UK housing market") that are revolutionising the recruitment landscape. To enhance the talent acquisition process and bring in more effectiveness, recruiting organisations are [moving towards](https://www.financedigest.com/investment-advice-moving-towards-a-new-model.html "Investment advice – moving towards a new model") interactive hiring that requires extensive communication with the applicants in addition to the basic sourcing and recruitment process. A detailed report on the global talent acquisition and staffing [technology and services market by Future](https://www.financedigest.com/technology-skills-and-servitization-a-brighter-future-for-manufacturing.html "TECHNOLOGY, SKILLS AND SERVITIZATION: A BRIGHTER FUTURE FOR MANUFACTURING?") Market Insights forecasts the market to reach a valuation of US$ 196,136.0 Mn by 2028, up from US$ 100,605.9 Mn in 2017. This translates to a [CAGR of 6.25% during the 10 year](https://www.financedigest.com/battery-swapping-charging-infrastructure-market-to-be-worth-us-1359-43-million-by-year-2033-at-a-cagr-of-21.html "Battery Swapping Charging Infrastructure Market to be worth US$ 1359.43 Million by year 2033 at a CAGR of 21%") period from 2018 to 2028.

**Impact of COVID-19 Crisis**

The talent acquisition & staffing [technology and services](https://www.financedigest.com/how-financial-services-companies-can-successfully-utilise-low-code-and-no-code-technologies.html "How financial services companies can successfully utilise low-code and no-code technologies") market experienced a huge change due to the COVID-19 pandemic. Due to lockdowns, travel bans, and business shutdowns, the COVID-19 has had a negative impact on economies and businesses in a number of countries.

The closure of various [plants and factories has had a severe influence on global supply](https://www.financedigest.com/germanys-uniper-to-restart-coal-fired-power-plant-as-gazprom-halts-supply-to-europe.html "Germany’s Uniper to restart coal-fired power plant as Gazprom halts supply to Europe") chains, negatively affecting manufacturing, delivery schedules, and product sales in the worldwide market.

Despite a massive economic downturn, talent acquisition & staffing [technologies and services businesses](https://www.financedigest.com/schneider-and-greenyellow-target-smaller-businesses-with-energy-saving-technology.html "Schneider and GreenYellow target smaller businesses with energy saving technology") have adopted new methods and developed new development skills to recover from the setbacks.

On both, a regional and worldwide scale, [market players have begun to explore various funding sources and business](https://www.financedigest.com/advice-on-launching-a-business-in-a-new-market-space.html "Advice on launching a business in a new market space") tactics to stay afloat.

**Competitive Landscape**

Product innovation, product approvals, investments, and partnerships & alliances are among the strategies that talent acquisition & staffing technology and [service companies](https://www.financedigest.com/italys-eni-sets-up-sustainable-transport-services-company.html "Italy’s Eni sets up sustainable transport services company") are working on. These efforts have paved the road for market players to expand their business and client base.

For instance,

Recently launched Google’s ‘Cloud Job Discovery’ provides plug-and-play access to Google’s search and machine learning capabilities, which has helped more than 3,000 job seekers connect with employers on various job boards and company career sites. International Business Machine Corporation Oracle Corporation SAP SE Randstad Holding NV Linkedin Corporation PeopleFluent, Inc. CareerBuilder, LLC CornerStone OnDemand, Inc.

**Buy Complete Report @** [**https://www.futuremarketinsights.com/checkout/3300**](https://www.futuremarketinsights.com/checkout/3300)

**Related reports –**

[**Legal Transcription Market**](https://www.futuremarketinsights.com/reports/legal-transcription-market) **–** The global legal transcription market stood at around US$ 1,988.9 Mn in 2021, and is slated to increase at a CAGR of 6.5% to reach a valuation of US$ 3,267.7 Mn by 2029. Legal transcription market is nearly 30.0% of business transcription market.

[**RFID in Pharmaceuticals Market**](https://www.futuremarketinsights.com/reports/rfid-in-pharmaceuticals-market) **–** The global RFID in pharmaceuticals market is currently valued at around close to US$ 1.4 Bn, and is predicted to expand at an impressive CAGR of 7.9% to close in on a valuation of US$ 2.2 Bn by 2028.

**Contact Us:**

[Future Market Insights](https://www.financedigest.com/ibuprofen-api-market-to-reach-us-772-2-million-by-2029-and-is-anticipated-to-increase-at-3-cagr-future-market-insights-inc.html "Ibuprofen API Market to Reach US$ 772.2 Million by 2029, and is anticipated to increase at 3% CAGR: Future Market Insights, Inc")

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: [sales@futuremarketinsights.com](mailto:sales@futuremarketinsights.com) For Media Enquiries: [press@futuremarketinsights.com](mailto:press@futuremarketinsights.com) Website: [https://www.futuremarketinsights.com](https://www.futuremarketinsights.com)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---