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 SWOT Analysis
The Global HR and Recruitment Services industry is in a mature phase of the industry life cycle. The industry's contribution the global economy, as measured by industry value added, is expected to increase at an annualized rate of 0.1% in the 10 years to 2018. Global GDP, on the other hand, is forecast to increase 5.4% annually on average during the same period. The industry's slow growth is largely due to the weak labor market in developed countries. Although the industry is experiencing fast growth in some emerging and newly emerged markets, these markets make up a relatively small portion of industry revenue.
Another indication that the industry mature is the consolidation that has occurred during the past five years... read more