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
Starting a New Business
IBISWorld analysis indicates that barriers to entry for the Global HR and Recruitment Services industry are low and decreasing. In some countries, there are restrictions on operating within the industry, particularly with respect to the employment of temporary staff into permanent positions. However, these restrictions are gradually being lifted as labor market regulations and unionization rates decline globally. While some business and counselor licenses may be required to operate in some countries, such as the United States, these do not provide a significant barrier to entry.
The industry has a low level of concentration and market dominance is not a significant barrier to entry... read more