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. The future looks brighter for agencies, with demand for workers expected to return along with greater outsourcing of employment placement services... 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 less than 10.0% 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