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. Over the five years to 2016, industry revenue is expected to increase.The period was marked by volatility, but continued growth in emerging markets and improvements in the labor markets of developed nations caused the industry to grow from 2014 onward, and allowed operators to expand profit margins. IBISWorld estimates that revenue will increase in the five years to 2021... read more
Industry SWOT Analysis
The Global HR and Recruitment Services industry is in the mature phase of its life cycle. The industry's contribution the global economy, as measured by industry value added, is expected to increase at an annualized rate of 0.3% in the 10 years to 2021. In comparison, global GDP is forecast to increase an annualized 2.7% during the same period. The industry's steady growth is largely due to the gradual recovery in the global labor market, as well as additional manufacturing and construction employment opportunities that have emerged in developing countries.
Another indication that the industry has achieved maturity is the consolidation that has occurred over the past five years among its largest firms. In .. read more