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
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.
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