Office staffing and
recruiting software firm Bullhorn recently announced that it experienced high adoption rates during the last year among key market segments. The company's services were particularly popular among staffing firms that deal primarily with locating employees for businesses in engineering and design, finance and accounting,
healthcare and IT. These firms have invested in Bullhorn at a rate up to fifteen times greater than revenue growth in such segments so far this year, according to a recent press release.
"Strategic, growth-driven staffing and recruiting firms recognize that investing in the industry's most powerful staffing and recruiting software is critical, irrespective of the economic climate," said president and co-founder of Bullhorn Barry Hinckley. "Bullhorn's On Demand, integrated front office solution drives every aspect of the life cycle of a job order or requisition from sourcing to placement. In any economy, Bullhorn accelerates the development of new business and orders while delivering the fastest placements possible."
Staffing Industry Analysts predicted in its June 2008 update that the staffing industry will experienced modest growth for the year. According to this source, staffing firms that service the engineering and design market will grow by 7.5 percent while IT staffing firms will experience a 4.5 percent increase in business. Despite this, Bullhorn has had an adoption rate of 130 percent and 53 percent, respectively. It's annual growth with firms that service the IT and healthcare industry has increased by 25 percent and 31 percent. Staffing Industry Analysts predicted these two areas to grow by 5 percent.
In addition to this, Bullhorn has experienced an adoption rate of 62 percent in the segment of staffing agencies that deal with permanent placement. This includes direct hire and retained candidate search services.
Bullhorn currently serves more than 1,000 staffing firms and 14,000 users across the globe.
Labels: recruiting software
