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 Key Buyers Chapter
The Employment and Recruiting Agencies industry has a low level of market share concentration, where the four largest operators are expected to generate 16.8% of industry revenue in 2015. Due to its client-oriented nature, this highly fragmented industry is characterized by a large number of small enterprises operating in narrow geographic markets. These employment and recruiting agencies typically focus on servicing local and regional customers and build relationships with businesses in these areas. Larger firms with a global presence, particularly Adecco and Randstad still have a relatively low share of the market because of the highly dispersed and localized nature of recruiting services.
Over the past five years, market share concentration has been rising... purchase to read more