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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 | Jun 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 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
$27bn
Annual Growth 11-16
3.7%
Annual Growth 16-21
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Profit
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Employment
301,096
Businesses
23,233
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 Investment Chapter

The Employment and Recruiting Agencies industry has a very low level of capital intensity. In 2016, the industry is expected to invest less than $0.01 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, which has increased capital intensity. Online job listing services have helped revolutionize the industry and new industry players such as LinkedIn and Careerbuilder.com are now 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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