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 Investment Chapter
The Employment Placement and Recruiting Agencies industry has a low level of capital intensity. In 2014, the industry is expected to invest $0.04 in capital for every dollar spent on labor. Industry services are traditionally labor-intensive as firms require individuals to screen resumes and candidates, before making recommendations, conducting interviews and placing employees.
However, over the past five years the industry has become increasingly digitalized and, therefore, industry capital intensity has risen. Online job listing services have helped revolutionize the industry and new industry players such as LinkedIn and Monster are directly competing with other major players such as Adecco and Randstad... purchase to read more