As of 2018, recruitment and staffing industry is estimated at $600 Billion worldwide. According to Technavio, a market research firm forecasts the global recruitment process to grow at a compounded annual growth rate (CAGR) of 17.66% from 2017- 2021.
As per the staffing industry analysts, the staffing industry generated over USD 550 Billion in revenue worldwide with US, Japan, and UK being the top in the list. 89% of revenue was raked in via temporary staffing and the remaining 11% from placement .
From the above mentioned statistics we can conclude that the staffing industry is going through huge changes and Prime Talent Chain is an end-to-end blockchain technology solution that includes the use of AI and machine learning. PTC is considered to be a game changer for the recruitment industry and plans to reduce hiring costs and time by more than 75%.
Topic: Statistics surrounding the recruitment industry (Read 6 times)
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