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
The Global HR and Recruitment Services industry is concentrated in line with regional variations of economic development. However, differences in government regulation can enhance or limit revenue generation across certain regions. Regulations against temporary staffing apply most often in emerging countries, with developed nations tending to have more liberalized labor markets. Notably, Japan only began allowing temporary employment in the 1990s following its extended economic recession. Brazil's quickly evolving economy has helped spawn a fast growing segment of the industry, already making up the largest proportion of employees in the industry from any country.
North America is estimated to account for 38.0% of industry revenue... read more