Industry Analysis & Industry Trends
The recession had a particularly negative effect on employment and recruiting agencies, with high unemployment rates dampening demand. As a result, agencies have been using competitive-pricing tactics to gain new clients and retain existing ones. This factor led to a decline in profit during the recession, but improving demand is expected to boost margins... purchase to read more
Industry Report - Industry Investment Chapter
The Employment Placement and Recruiting Agencies industry has a very low level of capital intensity. Based on the industry's cost structure, for every dollar spent on the use and replacement of buildings and equipment in 2014, industry firms spend $270.78 on wages.
Given the nature of this industry's services, employment agencies require a significant amount of personal interaction and face-to-face contact with clients, employers and job applicants. Recently, the industry has evolved to provide more job information online for job seekers. Additionally, the ability to submit resumes electronically has reduced some of the costs associated with manually finding an appropriate candidate... purchase to read more