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Talent Acquisition Business Process Transformation 2023–2024 RadarView™
The Talent Acquisition Business Process Transformation 2023–2024 RadarView™ assists organizations in identifying strategic partners for talent acquisition outsourcing services by offering detailed capability and experience analyses of service providers in this space. It provides a 360-degree view of the service providers across practice maturity, domain ecosystem, and investments and innovation, thereby supporting enterprises in identifying the right talent acquisition outsourcing partner. The 55-page report highlights top supply-side trends in the talent acquisition outsourcing space and Avasant’s viewpoint on them.
Talent Acquisition Business Process Transformation 2023–2024 Market Insights™
The Talent Acquisition Business Process Transformation 2023–2024 Market Insights™ assists organizations in identifying important demand-side trends that are expected to have a long-term impact on any recruitment transformation project. The report also highlights key challenges that enterprises face today while outsourcing their talent acquisition process.
Moving from Traditional Recruitment to Tech-enabled Talent Acquisition
Global economic challenges, the Great Resignation, and remote work drive a shift from traditional recruiting to talent acquisition. This transition, marked by reduced recruitment budgets and increased costs, is further fueled by a growing emphasis on skill-based hiring. As enterprises encounter obstacles in recruitment transformation, they are steering away from conventional recruitment agencies, opting for end-to-end talent acquisition partners. This led to an 11%–16% growth in talent acquisition outsourcing from March 2022 to March 2023 and a 23.9% growth in service provider revenue YOY. Both demand-side and supply-side trends are covered in our Talent Acquisition Business Process Transformation 2023–2024 Market Insights™ and Talent Acquisition Business Process Transformation 2023–2024 RadarView™, respectively.