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 Investment
IBISWorld estimates that for every dollar spent on the use and replacement of buildings and equipment, industry operators will spend an additional $66.89 on wages in 2013. Given the nature of this industry's services, this industry is very labor intensive. By definition, the industry provides labor to clients. Furthermore, there is significant need for personal interaction and face-to-face contact with clients and candidates. Furthermore, the industry also has little scope for automation. The industry, however, has evolved in recent years to better use technology by developing detailed applicant databases, standardizing application processes and testing to automate some aspects of the applicant screening and selection process... read more