The Top 10 eRecruiting Firms Collectively Achieved Over 200% Revenue Growth Between 1999 and 2000, IDC Reveals

FRAMINGHAM, MA – MARCH 20, 2001 – The top 10 worldwide erecruiting firms collectively achieved an impressive 232% growth rate between 1999 and 2000, according to a new IDC bulletin. Ranked by revenue generated from erecruiting services, the top five worldwide erecruiting providers are:

 

1. Monster.com

2. Futurestep

3. HotJobs.com

4. Headhunter.net

5. dice.com

"The leaders in the erecruiting market have established strong brand awareness and customer loyalty through the delivery of quality service," said Christopher Boone, analyst for IDC’s eRecruiting program. "Moving forward, leaders will continue to educate the market about their services and provide measurable results that enable customers to improve their recruiting process on a continuous basis."

Demonstrating that erecruiting is an increasingly worldwide market opportunity, Western Europe is emerging as the second largest market for erecruiting services as evidenced by three European firms on the list. IDC also identifies a number of companies that are poised to challenge worldwide leaders.

Emerging eRecruiting Market Opportunities

Through examination of the top 10 players, IDC sees emerging market opportunities for erecruiting firms. A subset of these opportunities includes:

· Market demands are shifting to end-to-end services.

· Skills assessment has become a key factor of differentiation.

· Contingent workforce services are the next frontier of the erecruiting market landscape.

"The exceptional growth rate of erecruiting market leaders demonstrates that the market is still in the early adoption phase," said Boone. "We believe new players will continue to enter the market to address all stages of the recruiting continuum."

IDC’s bulletin The Top 10 Worldwide eRecruiting Providers (IDC #B24138), ranks the top 10 worldwide erecruiting providers based on revenues and examines key trends of these firms. This bulletin also discusses emerging market opportunities, up-and-coming erecruiting vendors, and recommendations for market leaders and their competitors. To purchase this report, contact Jim Nagle at 1-800-343-4952, extension 4549, or at jnagle@idc.com.

About IDC

IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world’s leading IT suppliers, IT organizations, ebusiness companies and the financial community. Additional information can be found at www.idc.com.

IDC is a division of IDG, the world's leading IT media, research and exposition company.

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