Help wanted: Emerging new markets and higher global GDP will increase industry demand

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. Growth during the period has been relatively stable as global business sentiment grew in line with improved macroeconomic conditions. Continued growth in emerging markets and improvements in the labor markets of developed nations caused the industry to grow during the period and enabled operators to expand profit margins. Over the next five years, the industry will benefit from improvements in developed nations' labor markets and the continued growth of emerging markets...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Slow improvement in the labor markets of developed nations has boosted demand
  • As economic activity increases in BRIC nations, so does the need for a larger labor force
  • Industry growth over the next five years will come from developing markets
  • Industry Report - Industry Products Chapter

    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. Accordingly, industry revenue grew during the period as the global unemployment rate decreased gradually.Temporary staffingIBISWorld estimates that 64.0% 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. This segment has declined over the past five years as the economy recovers and more businesses are able to hire on a full-time basis...purchase to read more.

    Additional Insights for the Global HR & Recruitment Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global HR & Recruitment Services Industry are

  • Having a strong understanding of clients' organizations
  • Ability to quickly adopt new technology
  • Providing client confidentiality
  • IBISWorld analysts also discuss how external factors such as Global unemployment rate and GDP of the BRIC nations in the Global HR & Recruitment Services industry impact industry performance..

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    What's in this report

    What is the Global HR & Recruitment Services Industry?

    Companies in this industry provide outsourced human resource (HR) and employment placement services. These services can include selecting and placing permanent and temporary staff, employee leasing, listing employment vacancies and outsourcing management of personnel-related administrative functions, such as payroll and employee benefit administration.

    Industry Products
  • Temporary placement
  • Permanent staffing
  • Employee leasing
  • Other services
  • Industry Activities
  • Operating employment agencies or registries
  • Operating employment referral agencies or registries
  • Providing permanent placement services
  • Providing temporary placement services
  • Providing online job and resume listing services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Global unemployment rate
  • GDP of the BRIC nations
  • Global investor confidence
  • Industrial production index of OECD countries

  • Current Performance
    Global economic growthRecovery takes holdIndustry transformation
  • Chart: Revenue Growth

  • Industry Outlook
    Industry trendsIndustry landscape
  • Table: Global HR & Recruitment Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global HR & Recruitment Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Global Manufacturing
  • Global Wholesale and Retail Trade
  • Global Hotels & Resorts
  • Global Business Activities
  • Global Health and Social Work

  • Key Selling Industries
  • Global Business Activities
  • Global Real Estate and Renting

  • Products & Services
  • Temporary placement
  • Permanent staffing
  • Other services
  • Employee leasing
  • Chart: Global HR & Recruitment Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Service industries
  • Manufacturing industries
  • Construction industries
  • Public administration industries
  • Other
  • Agricultural industries
  • Chart: Major Market Segmentation for the Global HR & Recruitment Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Depreciation, rent and other purchases
  • Chart: Cost Structure Benchmarking – Sector vs Global HR & Recruitment Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global HR & Recruitment Services Industry

  • Industry Globalization
    Adecco S.A., Randstad Holding NV, Manpower Inc.,
  • Table: Adecco S.A. - financial performance
  • Table: Randstad Holding NV - financial performance
  • Table: Manpower Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Global HR & Recruitment Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Global HR & Recruitment Services Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Global unemployment rate (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Attrition Rate
  • The frequency with which a company's employees leave the company during a given period. Attrition can occur through voluntary exits, firings, layoffs, retirement or other reasons.
  • Bric
  • An acronym grouping the countries of Brazil, Russia, India and China, all of which are considered to be undergoing similar levels of robust economic development.
  • Labor Market Liberalization
  • The relaxation of government restrictions on labor market activity such as hiring and firing, minimum wages and the use of temporary labor.
  • Outplacement
  • Job transition services that are provided to outgoing employees.
  • Rpo
  • Recruitment process outsourcing, a process by which an employer outsources its recruitment duties to an external recruitment service.
  • What Our Customers Say

    Why buy this report?

    The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global HR & Recruitment Services global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global HR & Recruitment Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global HR & Recruitment Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global HR & Recruitment Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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