Forty-nine percent of recruiters plan on spending more on tech this year, with finance, IT, and marketing recruitment firms leading the way

Globally, around half of recruiters (49%) plan on continuing to increase their tech investment this year according to a survey of more than 4,000 recruitment professionals worldwide conducted by Bullhorn®, the cloud computing company that helps staffing and recruiting organisations transform their businesses.

The specialist firms most likely to increase their investment in technology this year are those focused on:

  • Finance and accounting (61%)
  • IT and other technical skills (55%)
  • Marketing and creative (55%)
  • Healthcare (53%)
  • Light industrial (52%)

It coincides that the recruitment firms most investing most in technology operate in sectors that are currently reporting major skills shortages.

The tech investment trends correspond to the rising commitment to digital transformation in the recruitment space. Today, the vast majority of firms (89%) have a digital transformation strategy in place, and 29% list digital transformation as their top single priority, placing it second only to candidate acquisition (36%).

One frequent driver of tech spending is the desire to increase the use of automation. Currently, three in ten recruitment firms (29%) list automating and optimising key processes through digital transformation as a top business priority in the year ahead.

Today, the most frequently automated recruitment tasks are:

  • Organising meetings or interviews and calendaring (56%)
  • Candidate screening (54%)
  • Candidate sourcing (52%)
  • Submitting candidate profiles to clients (44%)

Andy Ingham, Senior Vice President, EMEA and APAC, Bullhorn says: “That so many firms are continuing to increase their investment in technology speaks to one of the major lessons of the pandemic era: having the right technology is the key to success. It also lines up with the recovery of our industry, as three in five recruitment firms reported revenue gains in 2021.

“The figures on automation are especially interesting – we’re reaching the point where automation is not as a nice-to-have but essential part of the recruitment toolkit. Soon enough those recruiters that don’t use any sort of automation will be in the minority. At Bullhorn, we have just reached a major milestone, one billion recruitment processes automated through our technology, which is a testament to the remarkable scale of adoption.”

To view the full report, visit https://grid.bullhorn.com/

About GRID

Bullhorn’s Global Recruitment Insights and Data research is the result of a global survey conducted among over 4,000 recruitment professionals. The findings spotlight the industry’s take on the current recruitment landscape—from financial forecasts and top priorities to persistent challenges and emerging technologies.

To read more about Bullhorn’s Global Recruitment Insights and Data research, visit the GRID site.

About Bullhorn

Bullhorn is the global leader in software for the staffing industry. More than 10,000 companies rely on Bullhorn’s cloud-based platform to power their staffing processes from start to finish. Headquartered in Boston, with offices around the world, Bullhorn is founder-led and employs more than 1,000 people globally. To learn more, visitwww.bullhorn.com