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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 | May 2014

Hiring freeze: As employment stabilizes, recruiting agencies will experience only minimal growth

IBISWorld’s Employment & Recruiting Agencies market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 09-14
2.0%
Annual Growth 14-19
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Profit
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Employment
205,176
Businesses
6,601
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... purchase to read more

Industry Report - Starting a New Business Chapter

The Employment and Recruiting Agencies industry has few barriers to entry. In terms of regulations, employment agencies must typically be licensed to perform corporate consultation and recruitment activities. In some states, a counselor's license is also required for any person who interviews, counsels or advises candidates and clients on any matter related to employment and contracts. Having a license allows the business to charge for the provision of services. Proper licensing also allows the business to charge for the provision of its services. In addition, the industry has a very low level of capital intensity. New entrants could provide services from a home office with little more than computer and telephone access... 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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