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 Key Buyers Chapter
The Employment and Recruiting Agencies industry is highly fragmented, with a large number of small enterprises. In 2014, IBISWorld estimates that the top four players will control 16.4% of the industry's revenue, indicating low industry concentration.
This industry has a large number of sole proprietors; nonemployers are estimated to account for 20.0% of total employment and 82.0% of all enterprises. In general, small operators tend to focus on a particular geographic region or a particular industry within that region. Firms employing fewer than 10 employees make up 72.1% of the industry. Medium-size firms generally cover a larger region, such as a major city or state, or a niche industry market on a national basis... purchase to read more