OAKLAND, Calif., April 5, 2011 /PRNewswire/ -- Bersin & Associates, the premier research and consulting firm empowering HR organizations to drive bottom-line impact, today announced that nearly half of the organizations it studied are considering switching talent acquisition systems providers, as providers introduce enhanced capabilities that enable organizations to better manage the candidate lifecycle.
The study included responses from HR practitioners and recruiters from organizations of all sizes and across all industries. The resulting report, Talent Acquisition Systems 2011: Market Realities, Implementation Examples and Solution Provider Profiles, found that the traditional talent acquisition systems market grew 11.1 percent to $837 million last year, revised downward from $861 million due to the slower-than-anticipated economy in 2010.
"This market is going through a revolution as organizations replace their recruiting systems with modern software-as-a-service-based technology that allows them to become more strategic and efficient in their talent acquisition process," said Josh Bersin, chief executive officer and president, Bersin & Associates. "As a result, we expect the traditional talent acquisition market to grow 12 percent to an estimated $937 million this year as it consolidates on the high end and expands in the middle and at the low end of the market."
Bersin added that the same market forces are driving growth of the Learning Management Systems and the Performance Management/Succession Management systems markets, which are growing at rates of 10 percent and 12 percent respectively.
Solution vendors of all sizes are benefitting from market churn as they provide replacement solutions for organizations leaving their current providers. Meanwhile, the mid-market is growing at a much faster rate as the economy gains steam and small-to-mid-sized organizations start to purchase their first systems.
"Many organizations are moving to providers that deliver better integration and support," said Sarah White, principal analyst, Talent Acquisition, Bersin & Associates. "The market also is growing thanks to a new group of providers that offer an array of solutions. Applicant tracking is now seen as the core part of an ecosystem of technologies that include candidate relationship management, video interviewing and social recruiting."
To download a complimentary copy of Talent Acquisition Systems 2011: Executive Summary go to http://marketing.bersin.com/TAS2011_ExecutiveSummary.html
The full Bersin & Associates study, Talent Acquisition Systems 2011: Market Realities, Implementation Examples and Solution Provider Profiles, is available for $1,195 for a PDF and $1,395 for a hard copy. For more details, go to www.bersin.com/TAS2011
Register for today's 2 p.m. Eastern/11 a.m. Pacific online webinar about this report at http://www.bersin.com/News/EventDetails.aspx?id=13727
Meet Bersin & Associates Principal Analyst Sarah White at our IMPACT 2011 event April 26-28 in St. Petersburg, Florida and learn more about our ground-breaking Talent Acquisition research. To register, visit http://impact.bersin.com/
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About Bersin & Associates
Bersin & Associates empowers HR and learning organizations to drive bottom-line impact through world-class research and consulting. The company's WhatWorks® membership gives human resources, learning, and talent acquisition professionals the information and tools they need to drive change in their organizations as strategic business partners.
Bersin & Associates members use our insights and tools to benchmark themselves against best practices, design and implement programs across the HR and learning spectrum and select and implement systems. More than 5,000 organizations worldwide, including more than half of the Fortune 100, use Bersin & Associates research and consulting to guide their learning, talent, and human resources strategies.
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