The future success of staffing and recruiting firms depends on their ability to leverage constantly evolving technology to meet the changing needs of their clients.
“If you keep investing in technology and innovation in the worst of times, your competitive advantage grows.”
-- Jeffrey Immelt
The staffing and recruiting industry responded to the near-meltdown of the economy in 2008-2009 with cutbacks and retrenchments just as their clients have. Now, with the economy beginning to grow, staffing and recruiting firms are facing a very different business landscape. Instead of a rapidly expanding post-recession economy that drove high levels of temporary job hiring and recruitment, economists and business leaders are pointing to fundamental economic shifts that imply a longer, slower growth pattern.
The challenge for staffing and recruiting firms is how to be successful in this new 'slow-growth,' highly-competitive environment. Significantly then, it’s important that you make investments that will support the strategic success of your staffing and recruiting operations. Chief among these, your investments in business technology can give you the biggest advantage and payback. In fact, seventy-two percent of senior managers place a higher value on the role of information technology because of the economic crisis, according to a December, 2009 Accenture study of more than 550 executives.
With that in mind, here are the top three reasons for you to invest in staffing and recruiting software information technology now.