Industry Analysis & Industry Trends
Over the past five years, the Employment and Recruiting Agencies industry performed well as strengthening labor markets boosted demand for recruiting and job placement services. Furthermore, rising corporate profit levels and heightened management restructuring activity increased demand for executive search services. The industry is expected to benefit from slower and increasingly stable conditions that promote revenue growth over the next five years. While the national unemployment rate is not expected to fall significantly, a stabilizing and more fluid labor market will continue to encourage businesses to engage in new hiring and restructuring... purchase to read more
Industry Report - Industry Investment Chapter
The Employment and Recruiting Agencies industry has a very low level of capital intensity. In 2016, the industry is expected to invest less than $0.01 in capital for every dollar spent on labor. Industry services are traditionally labor-intensive, as firms use well-trained individuals to screen resumes and candidates, make recommendations, conduct interviews and place employees.
However, over the past five years the industry has become increasingly digitalized, which has increased capital intensity. Online job listing services have helped revolutionize the industry and new industry players such as LinkedIn and Careerbuilder.com are now directly competing with other major players such as Adecco and Randstad... purchase to read more