A good fit: Lower unemployment and a larger labour force support industry revenue growth

The Employment Placement and Recruitment Services industry has performed well over the past five years. Australia's unemployment rate, the total size of the labour force and business confidence all have a strong influence on demand for industry services. Positive business confidence tends to reflect a business environment where more client businesses employ additional staff, which boosts demand for the industry's recruitment services. Furthermore, declines in the national unemployment rate can have a positive effect on industry growth, as industry clients typically advertise more jobs...read more.

Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 14-19
3.2%
Forecast Growth 19-24
Profit
Employment
165,600
Businesses
7,462
Market Share of Companies

Industry Threats & Opportunities

  • A larger total labour force has contributed to industry demand and revenue growth
  • Intense competition has limited recruitment companies’ ability to increase client fees
  • Job vacancies and recruitment demand are projected to increase as the economy continues to grow
  • Industry Report - Industry Analysis Chapter

    The industry has recorded solid revenue growth over the past five years. Demand for the industry’s specialist recruitment and employment services continues to be influenced by changes in the unemployment rate, business confidence, outsourcing trends and the size of the labour force. When the national unemployment rate falls, demand for industry services tends to increase, as more businesses employ additional staff. Declining unemployment over the past five years has contributed to industry revenue growth, although price competition has placed some downward pressure on industry profit margins.Revenue and profitIndustry revenue is projected to increase at an annualised 3.2% over the five years through 2018-19, to reach $15.1 billion. Thi...purchase to read more.

    Additional Insights for the Employment Placement and Recruitment Services Industry

    IBISWorld has determined the most important Key Success Factors for the Employment Placement and Recruitment Services are:

  • Having contacts within key markets
  • Ability to effectively communicate and negotiate
  • Access to quality personnel management
  • IBISWorld analysts also discuss how external factors such as National unemployment rate and Total labour force in the Employment Placement and Recruitment Services industry impact industry performance..

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    What's in this report

    What is the Employment Placement and Recruitment Services Industry?

    Industry firms provide personnel search, selection, referral and placement services to fill permanent work positions. Industry firms may supply services to the potential employer or the prospective employee. For the employer, services can involve all aspects of the recruitment process, including the formulation of job descriptions, screening and testing applicants, and checking references. Services to the employee include job-search assistance and training.

    Industry Products
  • Full-time position recruitment services
  • Part-time and casual recruitment services
  • Jobactive services
  • Executive search recruitment services
  • Human resources strategy consulting
  • Outplacement services
  • Other employment services
  • Industry Activities
  • Operating casting agencies
  • Operating employment agencies
  • Employment recruitment services
  • Operating employment registries
  • Executive job search services
  • Jobactive services
  • Online recruitment websites and services
  • Outplacement services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • National unemployment rate
  • Total labour force
  • Business confidence index
  • Demand from business process outsourcing in Australia
  • Total part-time employees in the labour force

  • Current Performance
  • Revenue and profit
  • Industry competition
  • In-house trends and government programs
  • Outplacement and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Future revenue drivers
  • Profit and structure
  • Growth opportunities
  • Table: Employment Placement and Recruitment Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Employment Placement and Recruitment Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Accommodation and Food Services
  • Information Media and Telecommunications
  • Rental, Hiring and Real Estate Services
  • Finance
  • Professional Services
  • Health Services

  • Key Selling Industries
  • Computer and Computer Peripheral Wholesaling
  • Data Storage Services
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Full-time position recruitment services
  • Part-time and casual recruitment services
  • Jobactive services
  • Executive search recruitment services
  • Other employment services
  • Human resources strategy consulting
  • Outplacement services
  • Chart: Employment Placement and Recruitment Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other sectors and businesses
  • Professional services sector
  • Manufacturing, transport and logistics sectors
  • Government sector
  • Banking, finance and insurance sectors
  • Construction, engineering and trades sectors
  • Retail and wholesale sectors
  • Healthcare and medical sector
  • Chart: Major Market Segmentation for the Employment Placement and Recruitment Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Employment Placement and Recruitment Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Employment Placement and Recruitment Services Industry

  • Industry Globalization
    Hays Specialist Recruitment (Australia) Pty Limited,
  • Table: Hays Specialist Recruitment (Australia) Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Employment Placement and Recruitment Services 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 Placement and Recruitment Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Hr
  • Human resources, such as staff training and recruitment.
  • In-House
  • In-housing trends are opposite of outsourcing, involving bringing an outsourced function back in-house.
  • Jsa
  • Job Services Australia (now called Jobactive), the Federal Government's employment assistance program that is carried out by the private sector.
  • Outplacement
  • Services provided to a terminated employee to assist their search for a new job.
  • Outsourcing
  • The use of outside service providers to perform various non-core activities.
  • What Our Customers Say

    Why buy this report?

    The Employment Placement and Recruitment Services 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.

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

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