Industry Analysis & Industry Trends
The Global HR and Recruitment Services industry relies on organizations outsourcing recruitment processes and human resource (HR) management functions. Industry performance is largely dependent on economic conditions in major markets and their flow-on effects on demand for labor around the world. While the liberalization of labor laws in developed economies has historically been key to industry growth, large players are now focusing efforts on emerging markets, as these regions follow suit in the liberalization of labor laws. Although the recession hurt demand for industry services during the recession, rising GDPs in emerging economies is expected to help the industry grow... read more
Industry SWOT Analysis
The Global HR and Recruitment Services industry is in the mature phase of its life cycle. The industry's contribution the global economy, as measured by industry value added, is expected to increase at an annualized rate of 3.5% in the 10 years to 2019. In comparison, global GDP is forecast to increase 3.6% annually on average during the same period. The industry's steady growth is largely due to the gradual recovery in the global labor market, as well as additional manufacturing and construction employment opportunities that have emerged in developing countries.
Another indication that the industry has achieved maturity is the consolidation that has occurred during the past five years among its largest firms... read more