The Talent Search: Companies Increase Expenditures By 8.3%

Nov. 18, 2005
Companies are committing precious dollars in the search for employees with all areas of talent management benefiting including sourcing and contingent staffing. Spending will see a growth rate of 8.3% from 2005-2009 according to IDC, a Framingham, and ...

Companies are committing precious dollars in the search for employees with all areas of talent management benefiting including sourcing and contingent staffing. Spending will see a growth rate of 8.3% from 2005-2009 according to IDC, a Framingham, and Ma.based research company.

"Barely a day goes by without increasing evidence of the new war for talent, the shrinking and maturing workforce and the need to improve employee satisfaction to ensure retention," says Lisa Rowan, program manager for IDC's HR and talent management services. "The evidence is clear that these are top-of-mind issues that are extending beyond the HR department into the highest levels of the organization," she adds.

The study entitled, "Worldwide and U.S. Talent Acquisition and Staffing Services 2005-2009 Forecast," reports that the U.S. was responsible for the largest share of spending with a 10.5% growth in 2004.

To view this study, visit: http://www.idc.com/getdoc.jsp?containerId=34303

Interested in information related to this topic? Subscribe to our weekly Value-chain eNewsletter.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!