The Global Recruitment Market Report varies considerably from one country to another. For more mail: vikas@konceptanalyt...
View Report Details Global Recruitment Market Report ----------------------------------------2015
View Report Details Executive Summary
The recruitment market varies considerably from one country to another with the US, Japan and the UK showing the highest degree of fragmentation. The recruitment market can be segmented into general and professional staffing markets. General staffing that includes low skilled, low wage blue collar employees has a larger share as compared to professional staffing that includes higher skilled, higher wages white collar employees. North America represented the single largest market measured in terms of revenues in 2013 followed by Japan, the UK, France and Germany. The trend of consolidation in staffing industry is increasing especially in fragmented markets due to several factors. In 2013, especially the first half, a declining trend continued to be registered across the world leading to a fall in labor force participation rate. However, since Q4 2013, a slow revival is being registered in employment rate across the globe, especially the US, the UK, India, Japan, etc. The EU region continues to struggle with its economic revival, especially France, Spain, Greece, among others. Income growth has also come under pressure from rising unemployment, putting downward pressure on real wages in many advanced economies. With the economic revival in the coming months, sources of new employment opportunities can be expected, however, the continuing challenge in overcoming the problem of skill gap in both advanced and emerging economies will continue to affect the staffing industry sales. Most of the mergers and acquisitions that took place in 2013 were in the IT & Healthcare segment and involved middle sized staffing firms as they proved to be attractive acquisition targets, offering geographic coverage and differentiated services. People are increasingly using social media to network and identify employment opportunities. The trend of RPOs (recruitment process outsourcing) is becoming more popular as more and more medium and large-sized organizations are outsourcing their recruitment process right from the entry level jobs to high level jobs. Deregulation in temporary agency work in countries like Japan, Netherlands, Germany and Spain for equal pay has brought positive changes in overall recruitment market. Moreover, the global recruitment market is fiercely competitive and highly fragmented with numerous players vying for market share. The leading four companies account for about one-fifth of the total revenues of the industry. Adecco Group is the largest company operating in this industry, followed by Randstad and Manpower. The present report profiles these four companies along with a discussion of their respective business strategies. The report provides a comprehensive overview of the global staffing industry along with the coverage of major regional markets like North America (the US and Canada), Europe (France, Germany, Italy, the UK, Spain, Sweden and Switzerland), and Asia Pacific (Australia and Japan), discussing the market size, segmentation, and employment/unemployment rates. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.
The global recruitment market has been benefitting from the need for flexibility, mobility and moderate economic growth across the world… Global Recruitment Market by Value (2007-2014F)
In 2013, global recruitment market’s valuation totaled US$… billion, an increase of …% over 2012 and is expected to rise towards US$... billion by 2014. IT & Healthcare accounted for the largest share of global staffing market in 2013.
US$ Billion
In 2013, US continued to be the largest market for recruitment industry, recording sales US$....billion, with nearly …% coming from temporary/ contract staffing. In 2013, the UK & Germany showed gradual recovery in labor force participation, with the UK staffing industry registering YoY growth of …%.
2007
2008
2009
2010
2011
2012
2013
Global Professional Staffing Segment Share (2013)
Japan registered a …% YoY decline in staffing sector revenue in 2013, when compared to US$... billion in 2012.
US Staffing & Recruitment Industry Sales (2005-2014E)
Thousand
IT
Healthcare
Engineering
Finance & Accounting
Clinical/ Scientific
Education/ Library
Marketing/ Creative
2011
2012
2013
2014E
2015E
2016E
Moreover, the global market is also being supported by growing online & social media recruitment, demand for HR BPO services and labour market reforms in some countries… Global Revenue from Online Staffing Market (2012-2020F) In 2013, the US gross revenue from online staffing market was approx. US$...billion, and is forecasted to increase to US$...billion by 2018 and US$..billion by 2020. Globally, in 2013, around …% recruitment activity involved the Internet, with the percentage for 2014 estimated to continue to grow …%.
US$ Billion
Among the social media sites, LinkedIn remains the most popular …%, followed by Facebook …%, for recruitment. In 2014, the HR outsourcing is estimated to have registered a YoY increase of …%.
2012 2013 2014F 2015F 2016F 2017F 2018F 2019F 2020F
The RPO market in 2014 is estimated to decline to US$...million, but in 2015, the segment is expected to increase to US$..million, due to recovery in labour market, especially high-skilled jobs.
LinkedIn Revenue by Segment (2008-2014E)
Global RPO Market (2012-2016)
US$ Million
US$ Million
2011 Premium Subscriptions
2012
2013
2014E
Marketing Solutions
Talent Solutions
2012
2013E
2014F
2016F
Appropriate regulations, business environment, changing labour needs and mobility are further enhancing the penetration levels…
World Recruitment Market Forecast (2013-2017F)
US$ Billion
2013
2014F
2015F
2016F
2017F
•
The global recruitment market is forecasted to grow at a CAGR of ….% and is forecasted to reach US$... billion by 2017.
•
The global recruitment market is expected to grow at a sustained pace in the next 2-3 years due to the slow revival of the economy in both developed and developing nations. ,
•
However, the continued high unemployment, skill gap are likely to act as a challenge for the staffing industry in the coming years.
Contact Us: View Report Details These are abridged and sanitized sample pages from the comprehensive report on the “ Global Recruitment Market Report ”. To know more about this report or for any customized research requirement, please contact the following:
Koncept Analytics
Vikas Gupta BD Manager
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