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Employment & Recruiting Agencies in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Employment & Recruiting Agencies Market Research Report | NAICS 56131 | Oct 2014

Hiring freeze: The industry is expected to benefit from slower, yet increasingly stable conditions

IBISWorld’s Employment & Recruiting Agencies market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 09-14
4.1%
Annual Growth 14-19
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Profit
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Employment
214,513
Businesses
7,047
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 Products Chapter

Permanent placement services

Permanent placement services are estimated to account for 48.2% of industry revenue in 2014. Permanent placement services include recruiting, selecting and referring candidate to clients to fill positions on a permanent or indeterminate basis. Services involved include candidate testing, interviewing, reference checking, evaluation and counselling of prospective employees. Service providers act as an employment intermediary as candidates are finally selected and hired by the client. Firms are then paid on a contingency basis, meaning that only successful placement of a candidate will result in revenue... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Employment & Recruiting Agencies Industry?

This industry comprises establishments engaged in listing employment vacancies, referring job applicants to potential employers and assisting companies with employee recruitment and placement. People referred or placed are not employees of the employment agencies.

Industry Products
Permanent placement servicesExecutive search servicesTemporary staffing servicesIndependent contractor placement servicesOnline resume listing services
 
Industry Activities
Operating casting agencies or bureausOperating employment agencies or registriesOperating employment referral agencies or registriesProviding permanent placement servicesProviding temporary placement servicesProviding online job and resume listing services


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