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Employment & Recruiting Agencies in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Employment & Recruiting Agencies Market Research Report | NAICS 56131 | Oct 2014

Hiring freeze: The industry is expected to benefit from slower, yet increasingly stable conditions

IBISWorld’s Employment & Recruiting Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 09-14
4.1%
Annual Growth 14-19
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Profit
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Employment
214,513
Businesses
7,047
Industry Analysis & Industry Trends

Over the past five years, the Employment and Recruiting Agencies industry has recovered from the onset of the recession, which crippled industry growth. As businesses experienced plunging profit margins, companies cut back on the number of staff employed in response to lower consumer demand and newly restricted budgets. In the coming years, the industry is expected to benefit from slower, yet increasingly stable conditions that promote revenue growth. Unemployment is expected to continue to fall, while corporate profit rises and companies increasingly invest in their workforces... purchase to read more

Industry Report - Industry Locations Chapter

The geographic spread of the industry largely reflects the distribution of population and economic activity. Furthermore, the amount of revenue generated in each region largely reflects the number of establishments within the respective regions. However, the West, Mid-Atlantic and New England regions generate slightly more revenue per establishment than the national average. This is due to the high-value positions that are located within these regions, which typically garner higher fees.

Southeast

The Southeast region is home to 21.1% of industry establishments, making it a major region for the Employment & Recruiting Agencies industry. This percentage is largely in line with the region's share of the total United States population, which is 25.4%... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Employment & Recruiting Agencies Industry?

This industry comprises establishments engaged in listing employment vacancies, referring job applicants to potential employers and assisting companies with employee recruitment and placement. People referred or placed are not employees of the employment agencies.

Industry Products
Permanent placement servicesExecutive search servicesTemporary staffing servicesIndependent contractor placement servicesOnline resume listing services
 
Industry Activities
Operating casting agencies or bureausOperating employment agencies or registriesOperating employment referral agencies or registriesProviding permanent placement servicesProviding temporary placement servicesProviding online job and resume listing services


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