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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 | Mar 2015

Hiring spree: A more stable labor market will encourage employers to engage in new hiring and restructuring

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
$20bn
Annual Growth 10-15
3.4%
Annual Growth 15-20
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Profit
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Employment
219,018
Businesses
21,182
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 2015, the industry is expected to invest just $0.02 in capital for every dollar spent on labor. Industry services are traditionally labor-intensive, as firms use well-trained individuals to screen resumes and candidates, make recommendations, conduct interviews and place 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

 


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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