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Employment & Recruiting Agencies in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Employment & Recruiting Agencies Market Research Report | NAICS 56131 | Jun 2016

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

The Employment & Recruiting Agencies market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
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
  • ... purchase to read more

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. While the national unemployment rate is not expected to fall significantly, a stabilizing and more fluid labor market will continue to encourage businesses to engage in new hiring and restructuring... ... purchase to read more

Industry Report - Industry Analysis Chapter

The Employment and Recruiting Agencies industry consists of recruiting companies that help both entry-level and experienced candidates find jobs that are most appropriate for their skill set and experience level. In addition to traditional recruiting firms, the industry includes executive search companies that specialize in recruiting upper management candidates, as well as online job listing and professional networking websites. During the past five years, rising corporate profit, growth in the number of new businesses and improved business sentiment have boosted revenue as operators take on new permanent staff and recruiters assist corporate expansion and restructuring efforts. Mos.. ... purchase to read more

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... purchase to read more


    Industry ProductsRelated Reports

    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 servicesExecutive search servicesTemporary staffing servicesIndependent contractor placement services
    Industry Activities
    Operating casting agencies or bureausOperating employment agencies or registriesOperating employment referral agencies or registriesProviding permanent placement servicesProviding temporary placement servicesProviding 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
  • 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
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Unemployment rate (2007-2021)
  • 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 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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