Despite continuing layoffs, or perhaps because of them, corporations are increasingly concerned about the quality of their workforce. As a result, the market for hiring management applications will likely grow to $4.5 billion by 2005 and to $10.3 billion by 2008, according to a new report published by Aberdeen Group, a leading IT market analysis and consulting firm.

The report, “The Growth of an Industry: Enterprise Talent Management 2003,” suggests that enterprises recognize the importance of efficient hiring practices. An increasing number of corporations have purchased or outsourced new applications in the last 18 months.

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