Worldwide recruiting market to grow at 8.3% a year

The market for talent acquisition and staffing services demonstrated solid growth in 2004, and early indications reveal that this trend is continuing through 2005. Total market spending on recruiting and staffing services in 2004 grew 10.8% over 2003. IDC forecasts that worldwide recruiting and staffing services spending will experience a compound annual growth rate (CAGR) of 8.3% during the 2005-2009 forecast period.