Finds 60 Percent of Staffing and Recruiting Firms Believe Business Has Improved or Will Improve by Year End

BULLHORN RELEASES REPORT ON ECONOMIC RECOVERY EXPECTATIONS FOR STAFFING AND RECRUITING FIRMS

Finds 60 Percent of Staffing and Recruiting Firms Believe Business Has Improved or Will Improve by Year End

Boston — December 8, 2009 — Bullhorn, the global leader in On Demand, front office staffing and recruiting software, today released its latest report, “Recovery: Are We There Yet?”. Bullhorn asked staffing and recruiting professionals about their expectations for economic recovery and its effect on the industry. The results showed many respondents anticipate business to improve by the middle of next year. Of the respondents 60 percent said that business has already improved or would improve before the end of this year and a further 22 percent believe business will pick up by the end of the first quarter of 2010. Bullhorn found optimists across the entire recruiting spectrum and even though 54 percent of them reported decreases in both revenue and profit, they based their positive outlook on improving business conditions and almost half expect increases in revenue and profit in the second half of the year. The full report is available for free download here.

Key findings from the report include:

Nearly one in three survey respondents said business has already begun improving and that number rose to 67 percent among firms that expect revenue and profit increases in 2009.
Of respondents who said business has already improved (the Bulls) 54 percent expect 2009 profits to equal or exceed 2008 numbers.
The Bulls in the survey were much more likely than their less optimistic colleagues (the Bears) to place contract workers and far less likely to place temporary workers and executives.
Across the board, referrals and cold calling were still considered to be the most effective traditional techniques for generating new leads.
The survey’s Bulls were overwhelmingly more likely to believe that social media tools were effective.
Bullhorn is the staffing and recruiting industry’s only 100% Web-based, On Demand, integrated front office solution. By integrating any email and calendaring with candidate sourcing, applicant tracking (ATS), customer relationship management and job management, Bullhorn enables users to communicate and collaborate with contacts, candidates, colleagues and clients in real-time to generate, source and fill job orders, or make placements, at any time and from any place. Bullhorn’s users include staffing and recruiting firms of all sizes, from a wide range of industries – including information technology, professional services, office/clerical and healthcare. The Bullhorn Blogger is the company’s online community where customers, partners, Bullhorn professionals and prospective customers share ideas and best practices to advance the productivity of the staffing and recruiting industry through the innovative use of Bullhorn’s On Demand, integrated front office staffing and recruiting software.

About Bullhorn, Inc.
Bullhorn is the global leader in On Demand, front office staffing and recruiting software, providing the only completely integrated front office solution for staffing and recruiting firms. By enabling recruiting, sales and management to experience the power of working together with 360° visibility into every activity, from job order to placement, at anytime and from any place, Bullhorn customers achieve the highest placement rates in the industry. Delivered through software as a service, Bullhorn continually meets the evolving business needs of its customers. More than 1,500 firms and 15,000 users worldwide, including some of the largest global staffing firms, partner with Bullhorn to meet the employment demands of the global economy. For more information, visit www.bullhorn.com or call +1(888)GoLive8.

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Media inquiries please contact:
Joe Cordo, Bullhorn
(617) 478-9148
joe@bullhorn.com