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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - 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 16.4% 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

 


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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