Overview

Back to work: A falling unemployment rate over the next five years should boost industry demand

IBISWorld’s Employment Placement and Recruitment Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Changes in national unemployment levels have caused industry revenue to fluctuate
  • Intense competition has restricted recruitment companies' ability to increase client net fees
  • Job vacancies and recruitment demand is projected to increase as the economy continues to grow

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    Industry Analysis & Industry Trends

    Australia’s unemployment rate, the total size of the labour force, and business confidence all greatly influence demand and revenue growth for the Employment Placement and Recruitment Services industry. Low or declining business confidence tends to reflect a business environment where fewer client businesses are seeking to employ additional staff, which reduces demand for the industry’s recruitment services. Increases in the national unemployment rate have a negative effect on industry growth as there are fewer jobs being advertised by the industry’s clients. Industry revenue declined in 2012-13 and 2013-14 as unemployment increased. However, industry revenue has risen since then as growth in the total size of the labour force has picked up pace...

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    Industry Report - Industry Key Buyers Chapter

    IBISWorld expects that the top four industry operators will account for approximately 18% of total industry revenue in 2016-17, which indicates a low level of market share concentration. The eight largest companies are expected to account for about one-quarter of industry revenue for the year. Industry concentration has remained relatively stable over the past five years as growth in the number of firms entering the industry has been offset by organic expansion and acquisitions by major players. However, industry concentration is expected to increase slightly over the next five years as the larger companies become more dominant and increase their market shares.

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    Additional Insights for the Employment Placement and Recruitment Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Employment Placement and Recruitment Services Industry are

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

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    Industry Products

    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 positions 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

    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
  • Total labour force
  • National unemployment rate
  • Business confidence index
  • Demand from business process outsourcing in Australia
  • Total part-time employees in the labour force

  • Current Performance
  • Revenue and demand
  • Increased industry competition
  • In-housing trends and government programs
  • Industry profit
  • Outplacement and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Future revenue drivers
  • Profit and structure
  • In-housing trends and government programs
  • 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

  • Products & Markets
    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 positions recruitment services
  • Jobactive services
  • Part-time and casual recruitment 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
  • Construction, engineering and trades sector
  • Other sectors and businesses
  • Healthcare and medical sector
  • IT and telecommunications sector
  • Hospitality, tourism and travel sectors
  • Manufacturing, transport and logistics sectors
  • Retail and wholesale sectors
  • Banking, finance and insurance sectors
  • Chart: Major Market Segmentation for the Employment Placement and Recruitment Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent
  • Depreciation and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Employment Placement and Recruitment Services

  • Basis of Competition
  • Internal competition
  • External competition

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

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

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Employment Placement and Recruitment Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Hr
  • Human resources, such as staff training and recruitment.
  • In-Housing
  • The opposite of outsourcing, involving bringing an outsourced function back in-house.
  • Jsa
  • Job Services Australia, 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.
  • 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 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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