Wonder

Research Outline

Prepared for Steven R. | Delivered January 11, 2020

Recruiting/Staffing Industry

Goals

To obtain information on recruiting/staffing industry that more specifically, to find out what is happening in Silicon Valley or with startups in the industry, technologies that are impacting the space, the biggest problems, a list of startups tackling these problems and what makes them interesting, trends in technology in the space.

Early Findings

Headhunting Industry Problems Companies are failing to attract talented candidates. Approximately 82% of Fortune 500 executives do not believe that their company recruits highly talented people.
It is said that there is a lack of understanding between hiring managers and recruiters.
It is increasingly difficult to retain Millenials in a job. Approximately 32% of Millenials say they are likely to leave their jobs in 6 months.
There is a lack of data analytics capabilties. Nearly 7% of HR executives are able to conduct people analytics. 
Recruiters are finding it challenging balancing quality with the need to hire quickly. 
The recruitment process is proving to be lacking in efficiency as recruiters work on unnecessary and inefficient tasks.
Recruiters are finding it a challenge to engage qualified candidates.