Hunt Scanlon’s latest 2018 recruiting industry sector report, ‘State of the Industry: Finding Transformational Talent in the Workplace of Tomorrow,’ marks another milestone for us – it is the 28th consecutive year that our editors and analysts have compiled the very best data on trends in executive search and talent acquisition. This year’s report is one of our most in-depth and thought-provoking. We explore the phenomenal growth taking place inside the leadership solutions space – and offer insight, guidance and recommendations from key industry specialists.
As the executive search industry continues to grow, the top 50 firms in the U.S. topped $3 billion in revenue in 2017. For some of the newer and boutique firms, double digit growth, as high as 43%, was reported. A driving force for further growth will be Artificial Intelligence and new automated technologies. Early adopters of the tech that can source and digest volumes of data more quickly and effectively than a fleet of recruiters could have an advantage in their toolbox. Even top firms, like Korn Ferry and Spencer Stuart, are looking for experts to help them implement the tech.