Good job: Lower unemployment rates have aided industry demand, boosting revenue growth

Several factors have aided the strong performance of the Employment Placement and Recruitment Services industry over the past five years. These factors have included a lower national unemployment rate, increases in the size of the total labour force, growth in the number of businesses across the economy, and greater demand for recruitment services. However, weaker business confidence is expected to partly offset industry revenue growth over the five years through 2017-18.A lower national unemployment rate has contributed to strong demand growth for the industry’s services over the past five years. A more robust economy is expected to reduce the unemployment rate to approximately 4.8% by the end of 2017-18, from a recent peak of 6.5% in 2012-13...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
4.6%
Forecast Growth 18-23
Profit
Employment
12,100
Businesses
970
Market Share of Companies

Industry Threats & Opportunities

  • Lower national unemployment has greatly benefited the industry over the past five years
  • Strong revenue growth has contributed to higher industry profit margins
  • Steady revenue growth is projected as the number of businesses continues to rise
  • Industry Report - Industry Locations Chapter

    The geographic distribution of firms in the industry focuses heavily on the major population centres of Auckland, Canterbury and Wellington. In 2017-18, approximately 56% of industry firms are expected to be based in Auckland. This significant percentage is due to Auckland's high population; large number of businesses and other organisations; and the historical development of the industry in the region. Employment placement and recruitment companies tend to be located close to client companies and a large pool of potential candidates.The industry also has a major presence in Canterbury and Wellington, accounting for over one-quarter of industry firms combined. Both of these regions have a large number of businesses and are major population bases. The...purchase to read more.

    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

  • Access to niche markets
  • Economies of scale
  • Having a high profile in the market
  • 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 in New Zealand Industry?

    Industry firms advertise employment vacancies for client organisations, and refer or place applicants for employment across a range of fields. These services are provided to either employers or potential employees, and include creating job descriptions, screening and testing applicants, and checking references. Firms that provide executive search services are also included in the industry.

    Industry Products
  • Full-time positions recruitment services
  • Part-time and casual positions recruitment services
  • Executive search recruitment services
  • Other employment services
  • Industry Activities
  • Casting agency operation
  • Employment agency operation
  • Employment recruitment services
  • Employment registry operation
  • Executive placement 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
  • Number of businesses
  • Business confidence index

  • Current Performance
  • National unemployment
  • Other industry drivers
  • Revenue and profit growth
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profit trends
  • Future industry drivers
  • Industry structure and trends
  • 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 in New Zealand
  • Accounting Services in New Zealand
  • Education and Training in New Zealand
  • Hospitals in New Zealand
  • Engineering Consulting in New Zealand
  • Tourism in New Zealand

  • Key Selling Industries
  • Computer and Computer Peripheral Wholesaling in New Zealand
  • Internet Service Providers and Web Search Portals in New Zealand
  • Telecommunications Goods Wholesaling in New Zealand

  • Products & Services
  • Full-time positions recruitment services
  • Part-time and casual positions recruitment services
  • Other employment services
  • Executive search recruitment services
  • Chart: Employment Placement and Recruitment Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction, engineering and trades sector
  • Accounting, HR, legal and administration sector
  • Sales, retail, marketing and advertising sector
  • Education, healthcare and government sector
  • Other industry sectors
  • Information and communications technology sector
  • Manufacturing, transport and logistics sector
  • Hospitality and tourism 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
  • 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
    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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Executive Search Services
  • Recruitment services that focus on the executive level of businesses and organisations. These services are usually more costly to provide to clients and take longer to carry out.
  • Outplacement
  • Services provided to a terminated employee to assist with a search for a new job.
  • Talent Management
  • Processes carried out by an organisation to retain, manage and develop their best employees.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Employment Placement and Recruitment Services in New Zealand market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 in New Zealand:
    • 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 in New Zealand 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 in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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