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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 | Feb 2016

You're hired: A more stable labor market and new online recruiting methods will aid revenue

IBISWorld’s Employment & Recruiting Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$28bn
Annual Growth 11-16
4.6%
Annual Growth 16-21
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Profit
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Employment
294,687
Businesses
23,880
Industry Analysis & Industry Trends

Over the past five years, the Employment and Recruiting Agencies industry performed well as strengthening labor markets boosted demand for recruiting and job placement services. Furthermore, rising corporate profit levels and heightened management restructuring activity increased demand for executive search services. The industry is expected to benefit from slower and increasingly stable conditions that promote revenue growth over the next five years. While the national unemployment rate is not expected to fall significantly, a stabilizing and more fluid labor market will continue to encourage businesses to engage in new hiring and restructuring... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Employment and Recruiting Agencies industry is in the mature phase of its life cycle. Industry value added (IVA), used to measure an industry's contribution to the overall economy, is projected to grow at an average annual rate of 2.2% over the 10 years to 2021. In contrast, the overall economy is forecast to grow at a slightly faster annualized rate of 2.3% over the same period. Growth in IVA is primarily a result of recovering profit margins and sales in the postrecessionary economy. Over the next five years, IVA growth will be relatively slower as industry revenue grows roughly in line with the overall economy... 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 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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