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Global HR & Recruitment Services: Market Research Report

Global Market Research • Global Market Size • Industry Statistics • Industry Analysis • Industry Trends

Global HR & Recruitment Services Market Research Report | Aug 2016

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global HR & Recruitment Services global 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 focuses on industry performance in key regions around the world and identifies the leading companies globally.

Report Snapshot
Market Share of Companies
Adecco Adecco market share
Manpower Manpower market share
Randstad Randstad market share
Industry Statistics & Forecast
Revenue
$643bn
Annual Growth 11-16
1.0%
Annual Growth 16-21
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Profit
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Employment ('000)
3,134
Businesses
273,038
Industry Analysis & Industry Trends

The Global HR and Recruitment Services industry relies on organizations' demand for and outsourcing of recruitment processes and human resource (HR) management activities. Industry performance largely depends on economic conditions in major markets and the effect these conditions have on demand for labor worldwide. Over the five years to 2016, industry revenue is expected to increase.The period was marked by volatility, but continued growth in emerging markets and improvements in the labor markets of developed nations caused the industry to grow from 2014 onward, and allowed operators to expand profit margins. IBISWorld estimates that revenue will increase in the five years to 2021... read more

Industry Products

Firms in this industry offer a variety of HR and staffing-related services. Demand for these services follow the business cycle, increasing in response to periods of high recruitment activity. Unfortunately for industry operators, the industry's reliance on the labor market resulted in revenue declines during the period of elevated unemployment at the beginning of the five-year period to 2016.

Temporary staffing

IBISWorld estimates that 64.4% of industry revenue originates from the placement of temporary staff. Operators in the industry supply clients with temporary labor in two ways: leasing employees on a contract basis, and providing recruitment services for non-permanent roles... read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Global HR & Recruitment Services Industry?

Companies in this industry provide outsourced human resource (HR) and employment placement services. These services can include selecting and placing permanent and temporary staff, employee leasing, listing employment vacancies and outsourcing management of personnel-related administrative functions, such as payroll and employee benefit administration.

Industry Products
Temporary placementPermanent staffingEmployee leasingOther services
 
Industry Activities
Operating 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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