Industry Analysis & Industry Trends
The Global HR and Recruitment Services industry relies on organizations outsourcing recruitment processes and human resource (HR) management activities. Industry performance is largely dependent on economic conditions in major markets and the flow-on effects these have on the demand for labor around the world. While the liberalization of labor laws in developed nations has historically been a key to the industry's growth, large players are now focusing efforts on emerging markets, as these regions follow suit in the liberalization of labor laws. The governments of some countries, however, particularly in the European Union, are currently at risk of default... read more
Industry Key Buyers
The Global HR and Recruitment Services industry is highly fragmented, with a large number of small and medium-size firms operating in niche geographies and industries. IBISWorld estimates that in 2013, the top four players will account for 13.4% of the available market share, providing this industry with a low level of concentration.
The industry can be broken down into several segments. While the largest players tend to be global, catchall operators, most cater to niche labor markets. One of the largest niche operators is Robert Half International, which caters to accounting and finance professions. Many players also cater specifically to one country, due to the difficulty of breaking into a new market with differing cultural norms and labor market laws... read more