Help wanted: A growing number of businesses has increased hiring efforts, boosting industry revenue

Operators in this industry are hired by employing companies to screen prospective job candidates. While the hiring decision still belongs to the employing company, these staffing service providers simplify the hiring process. As business activity picks up, industry revenue improves. As the state economy has improved in the wake of the recession, hiring activity has rebounded. A growing number of businesses and rising corporate profit in the state has led to increased hiring efforts to support expanding operations. Over the five years to 2022, industry revenue growth is expected to decelerate, as an increase in the unemployment rate in California is expected to hinder demand for industry services...purchase to read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 12-17
4.4%
Forecast Growth 17-22
Profit
Employment
62,122
Businesses
3,081

Industry Threats & Opportunities

  • Employers have turned to recruitment services to improve hiring efficiency
  • The distribution of industry establishments follows population distribution in the state
  • The labor market is expected to experience a downturn, as unemployment rises
  • Industry Report - Industry Locations Chapter

    The distribution of Employment and Recruiting Agencies industry establishments in California loosely mimics population distribution. The Los Angeles County and San Francisco Bay Area regions contain the highest concentration of residents and business activity. As a result, there is a higher concentration of industry establishments in those regions to aid in staffing local businesses.Los Angeles County contains the highest share of industry establishments in the state, at 42.1%. This region is also home to the largest share of the state’s population. As the entertainment capital of the world, Los Angeles is home to many talent agencies that supply actors, models and countless other types of creative talent to facilitate the region’s extensive media production. Mor...purchase to read more.

    Additional Insights for the Employment & Recruiting Agencies in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Employment & Recruiting Agencies in California 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 Unemployment Rate in California and Number of Businesses in California in the Employment & Recruiting Agencies in California industry impact industry performance..

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    What's in this report

    What is the Employment & Recruiting Agencies in California 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 online job and resume listing services
  • Similar Industries
  • Management Consulting
  • HR Consulting
  • Employment & Recruiting Agencies
  • Office Staffing & Temp Agencies
  • Professional Employer Organizations
  • Celebrity & Sports Agents
  • Office Staffing & Temp Agencies in California
  • Employment & Recruiting Agencies in New York
  • Office Staffing & Temp Agencies in New York
  • Employment & Recruiting Agencies in Illinois
  • Office Staffing & Temp Agencies in Illinois
  • Employment & Recruiting Agencies in Texas
  • Office Staffing & Temp Agencies in Texas
  • Employment & Recruiting Agencies in Florida
  • Office Staffing & Temp Agencies in Florida
  • Employment & Recruiting Agencies in Massachusetts
  • Office Staffing & Temp Agencies in Massachusetts
  • Employment & Recruiting Agencies in Ohio
  • Office Staffing & Temp Agencies in Ohio
  • Employment & Recruiting Agencies in Pennsylvania
  • Office Staffing & Temp Agencies in Pennsylvania
  • Employment & Recruiting Agencies in New Jersey
  • Office Staffing & Temp Agencies in New Jersey
  • Employment & Recruiting Agencies in Georgia
  • Office Staffing & Temp Agencies in Georgia
  • Employment & Recruiting Agencies in Michigan
  • Office Staffing & Temp Agencies in Michigan
  • Employment & Recruiting Agencies in Wisconsin
  • Office Staffing & Temp Agencies in Wisconsin
  • Employment & Recruiting Agencies in Washington
  • Office Staffing & Temp Agencies in Washington
  • Employment & Recruiting Agencies in Virginia
  • Office Staffing & Temp Agencies in Virginia
  • Employment & Recruiting Agencies in Tennessee
  • Office Staffing & Temp Agencies in Tennessee
  • Office Staffing & Temp Agencies in Missouri
  • Employment & Recruiting Agencies in North Carolina
  • Office Staffing & Temp Agencies in North Carolina
  • Employment & Recruiting Agencies in Minnesota
  • Office Staffing & Temp Agencies in Minnesota
  • Employment & Recruiting Agencies in Maryland
  • Office Staffing & Temp Agencies in Maryland
  • Employment & Recruiting Agencies in Colorado
  • Office Staffing & Temp Agencies in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Unemployment Rate in California
  • Number of Businesses in California
  • Corporate Profit in California
  • External competition for the Employment and Recruiting Agencies industry

  • Current Performance
  • Labor market bounces back
  • Location, location, location
  • Profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Labor downturn
  • Operators adapt
  • Technology is key
  • Table: Employment & Recruiting Agencies in California Industry Revenue Outlook

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

  • 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
  • Other
  • Independent contractor placement services
  • Chart: Employment & Recruiting Agencies in California Industry Products and Services Segmentation

  • Major Markets
  • Executive and managerial
  • Industrial
  • Technical
  • Administrative and clerical
  • Healthcare
  • Chart: Major Market Segmentation for the Employment & Recruiting Agencies in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesRent and utilitiesDepreciation, purchases and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Employment & Recruiting Agencies in California

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Adecco Group AG, Allegis Group Inc., Randstad Holding NV, Robert Half International Inc.,
  • Table: Adecco Group AG - financial performance
  • Table: Allegis Group Inc. - financial performance
  • Table: Randstad Holding NV - financial performance
  • Table: Robert Half International Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Employment & Recruiting Agencies in California 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 Employment & Recruiting Agencies in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Unemployment Rate in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Contingency-Based Pricing
  • A pricing model in which payment to a staffing agency is contingent upon successful placement of a candidate.
  • Contingent Workforce
  • The non-full-time employee workforce, including part-time, temporary and contract workers.
  • In-House
  • The opposite of outsourcing; performing a duty or task within the company itself, rather than through an outside source.
  • Outsourcing
  • The use of outside service providers to perform various noncore activities.
  • What Our Customers Say

    Why buy this report?

    The Employment & Recruiting Agencies in California industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 in California:
    • 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 in California 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 in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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