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 offers insightful industry analysis and research into the market at an international level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


Market Share of Companies
Adecco $x.xlock
Manpower $x.xlock
Randstad $x.xlock
Industry Statistics & Market Size
Annual Growth
2012 - 2017
Annual Growth
2017 - 2022
Employment ('000)

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 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. 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...

    Industry Locations

    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 temporary recruitment industry from any country.

    North Asia

    IBISWorld estimates that North Asia accounts for 33.0% o..

    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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 growth
  • Recovery takes hold
  • Industry transformation
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry trends
  • Industry 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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    Adecco S.A. Randstad Holding NVManpower Inc.
  • Table: Adecco S.A. - financial performance
  • Table: Randstad Holding NV - financial performance
  • Table: Manpower Inc. - financial performance

  • Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    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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