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 Key Buyers Chapter
The Employment and Recruiting Agencies industry has a low level of market share concentration, where the four largest operators are expected to generate less than 15.0% of industry revenue in 2016. Due to its client-oriented nature, this highly fragmented industry is characterized by a large number of small enterprises operating in narrow geographic markets. These employment and recruiting agencies typically focus on servicing local and regional customers and build relationships with businesses in these areas. Larger firms with a global presence, such as Adecco and Randstad, still have a relatively low share of the market because of the highly dispersed and localized nature of recruiting services.
Market share concentration has risen significantly over the past five years... purchase to read more