Double Digit Growth Expected for Recruiting Sector Says Hunt Scanlon

Double Digit Growth Expected for Recruiting Sector Says Hunt Scanlon

According to a highly anticipated research report released today by Hunt Scanlon Media, the executive recruiting and talent acquisition sector can expect to see annual double digit growth rates over the next five to 10 year period. This year, the search industry’s top 50 U.S. leaders grew by nearly eight percent, topping $3 billion in revenue. According to Hunt Scanlon, 19 firms or nearly 40 percent, grew by double digits. But it is advancing AI technologies fused with a widening global talent shortage that Hunt Scanlon predicts will reshape the sector and drive unprecedented growth in the next decade. Adoption of AI remains in its early stages across the industry, reports Hunt Scanlon, but the research firm predicts that AI and burgeoning new technologies are poised to transform the way recruiters and talent acquisition leaders do business. The capacity to more quickly source and evaluate talent is driving recruitment firms to turn to tech, said the Hunt Scanlon report. “Early