As of 2018,
recruitment and staffing industry is estimated at $600 Billion worldwide. According to Technavio, a market research firm forecasts the global recruitment process to grow at a compounded annual growth rate (CAGR) of 17.66% from 2017- 2021.
As per the staffing industry analysts, the staffing industry generated over USD 550 Billion in revenue worldwide with US, Japan, and UK being the top in the list. 89% of revenue was raked in via temporary staffing and the remaining 11% from placement .
From the above mentioned statistics we can conclude that the staffing industry is going through huge changes and Prime Talent Chain is an end-to-end blockchain technology solution that includes the use of AI and machine learning. PTC is considered to be a
game changer for the recruitment industry and plans to reduce hiring costs and time by more than 75%.
