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Recruiting firms are basically Bitcoin (in 2021).
No joke. Pretty damn close. The numbers back it up..
In the last Data Insights special I did with Matt Massucci, we talked about how the demand for software engineers skyrocketed this year.
Q1 to Q2 2021: +32%
Q2 to Q3 2021: +15%
Full conversation here.
Those are demand numbers (based on Hirewell’s placement data). But not valuation numbers, which is something entirely different.
What do the financial markets have to say about it?
Year-To-Date increases of publicly traded recruiting/staffing organizations:
Robert Half: +93%
Kforce: +86%
Heidrick & Struggles: +57%
Korn Ferry: +93%
S&P 500: +28% (baseline)
Bitcoin: +98%
Recruiting isn’t sexy. But it has a hell of a lot of value.
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