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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 | Oct 2014

Hiring freeze: The industry is expected to benefit from slower, yet increasingly stable conditions

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
$13bn
Annual Growth 09-14
4.1%
Annual Growth 14-19
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Profit
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Employment
214,513
Businesses
7,047
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 Key Buyers Chapter

The Employment and Recruiting Agencies industry is highly fragmented, with a large number of small enterprises operating in narrow geographic markets. These employment and recruiting agencies typically focus on servicing local and regional customers and build relationships with businesses in these areas. International firms, such as Adecco and Randstad, also operate in the industry; however, have been unable to capture a greater share of the market due to the diverse range of job listings that precipitate specialty organizations. A large number of sole proprietors are also active in this industry as barriers to entry are relatively low. In 2014, the four largest industry operators are expected to represent 18.4% of total revenue... 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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