You're hired: A more stable labor market and new online recruiting methods will aid revenue

IBISWorld’s Employment & Recruiting Agencies market research report offers insightful industry analysis and research into the market at the national 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.


Industry Threats & Opportunities

  • A more stable labor market and business sentiment will encourage employers to engage in new hiring and restructuring
  • Online recruitment and networking service providers have consistently outperformed the industry
  • Traditional industry operators are expected to increase their online presence

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    Industry Analysis & Industry Trends

    Over the past five years, the Employment and Recruiting Agencies industry performed well as strengthening labor markets boosted demand for recruiting and job placement services. Furthermore, rising corporate profit levels and heightened management restructuring activity increased demand for executive search services. The industry is expected to benefit from slower and increasingly stable conditions that promote revenue growth over the next five years. Industry operators, however, will need to track technological devlopment sin job seeking and placement services, as technological advancements have grown as a source of competition over the past five years and will likely grow over the next five years...

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    Industry Report - Industry Investment Chapter

    The Employment and Recruiting Agencies industry has a very low level of capital intensity. In 2017, the industry is expected to invest less than $0.01 in capital for every dollar spent on labor. Industry services are traditionally labor-intensive, as firms use well-trained individuals to screen resumes and candidates, make recommendations, conduct interviews and place employees.

    However, over the five years to 2017, the industry has become increasingly digitalized, which has increased capital intensity. Online job listing services have helped revolutionize the industry and new industry players such as LinkedIn and Careerbuilder.com are now directly competing with other major players such as Adecco and Randstad. The..

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    Additional Insights for the Employment & Recruiting Agencies Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Employment & Recruiting Agencies Industry are

  • Ability to effectively communicate and negotiate
  • Must have license
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as National unemployment rate and Corporate profit in the Employment & Recruiting Agencies industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Employment & Recruiting Agencies Industry?

    This industry comprises establishments engaged in listing employment vacancies, referring job applicants to potential employers and assisting companies with employee recruitment and placement. People referred or placed are not employees of the employment agencies.

    Industry Products
    Permanent placement services
    Executive search services
    Temporary staffing services
    Independent contractor placement services
    Industry Activities
    Operating casting agencies or bureaus
    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
  • National unemployment rate
  • Corporate profit
  • Number of businesses
  • External competition for the Employment and Recruiting Agencies industry

  • Current Performance
  • Employment opportunities surge growth
  • Digital winners and losers
  • Profitability and industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Job openings provide consistent growth
  • Future of technology
  • Profit and expansion
  • Table: Employment & Recruiting Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Employment & Recruiting Agencies Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Manufacturing
  • Real Estate and Rental and Leasing
  • Professional, Scientific and Technical Services
  • Administration, Business Support & Waste Management Services
  • Healthcare and Social Assistance
  • Arts, Entertainment and Recreation

  • Key Selling Industries
  • Commercial Leasing
  • Computer Stores
  • IT Consulting
  • Office Supply Stores

  • Products & Services
  • Permanent placement services
  • Executive search services
  • Temporary staffing services
  • Independent contractor placement services
  • Other
  • Chart: Employment & Recruiting Agencies Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Executive and managerial
  • Industrial
  • Administrative and clerical
  • Technical
  • Healthcare
  • Chart: Major Market Segmentation for the Employment & Recruiting Agencies 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 costs
  • Chart: Cost Structure Benchmarking – Sector vs Employment & Recruiting Agencies

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Employment & Recruiting Agencies Industry

  • Industry Globalization
    Major Companies
    LinkedIn Corp.Randstad Holding NV
  • Table: LinkedIn Corp. - financial performance
  • Table: Randstad Holding NV - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Employment & Recruiting Agencies 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 Employment & Recruiting Agencies Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Unemployment rate (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • The opposite of outsourcing; performing a duty or task within the company itself, rather than through an outside source.
  • Outplacement Services
  • Services provided to a terminated employee to assist their search for a new job.
  • Outsourcing
  • The use of outside service providers to perform various noncore activities.
  • Why buy this report?

    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 Employment & Recruiting Agencies:
    • 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 Employment & Recruiting Agencies 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 Employment & Recruiting Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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