On the job: Increased unemployment has contributed to industry revenue growth

Outplacement client companies generally engage a firm from the Outplacement Services industry during periods of restructuring or staffing lay-offs. The client company pays the outplacement company a fee to provide services to staff facing a career transition or employment change. These services are provided at no charge to the employee. Services provided to the sponsored employee include assistance to find another position, career guidance, resume-writing advice, interview skills training and other related services. These can be carried out at the client’s premises or off-site at facilities and locations provided by the outplacement firm.Industry revenue is expected to increase at an annualised 4.2% over the five years through 2017-18, to $190.7 million...read more.

Industry Statistics & Market Size
Revenue
$191m
Annual Growth 13-18
4.2%
Forecast Growth 18-23
Profit
Employment
1,420
Businesses
297

Industry Threats & Opportunities

  • Businesses use industry services to help their redundant workers to find new employment
  • Profit is relatively high due to the industry’s specialist services and high charge-out rates
  • Outplacement firms are anticipated to broaden their range of services over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    The industry is in the growth phase of its life cycle due to high average revenue growth over the past five years, with industry employment and establishment numbers also increasing at strong rates. Industry revenue increased at a solid rate over the past five years as the national unemployment rate increased. Employment and revenue growth are forecast to slow over the next five years as the unemployment rate falls and demand for industry services slows.Industry value-added, which is the industry's contribution to national GDP, is estimated to increase at an annualised 3.3% in the 10 years through 2022-23. This is higher than projected GDP growth of 2.5% over the same period. Thi...purchase to read more.

    Additional Insights for the Outplacement Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Outplacement Services Industry are

  • Ability to vary services to suit different needs
  • Access to a multiskilled and flexible workforce
  • Economies of scope
  • IBISWorld analysts also discuss how external factors such as National unemployment rate and Business confidence index in the Outplacement Services industry impact industry performance..

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    What's in this report

    What is the Outplacement Services Industry?

    Outplacement companies assist former employees of downsizing firms with career and employment advice and skills to find a new position.

    Industry Products
  • Individual outplacement services
  • Executive outplacement services
  • Group outplacement services
  • Other employment transition services
  • Industry Activities
  • Providing outplacement services for individuals and groups
  • Providing executive outplacement services
  • Providing career transition services
  • Providing other outplacement and career 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
  • Business confidence index
  • Business bankruptcies
  • Total business profit
  • Labour force participation rate

  • Current Performance
  • Specialist outplacement services
  • Key drivers
  • Revenue and profit
  • Structure and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry revenue

    and profit

  • Structure and employment
  • Table: Outplacement Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Outplacement Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Information Media and Telecommunications
  • Financial and Insurance Services
  • Professional, Scientific and Technical Services

  • Key Selling Industries
  • Computer and Computer Peripheral Wholesaling
  • Employment Placement and Recruitment Services

  • Products & Services
  • Individual outplacement services
  • Executive outplacement services
  • Group outplacement services
  • Other employment transition services
  • Chart: Outplacement Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • IT and communications industries
  • Banking, finance and insurance industries
  • Other industries
  • Manufacturing industries
  • Professional services industries
  • Retail and wholesale industries
  • Health and education industries
  • Construction and transport industries
  • Chart: Major Market Segmentation for the Outplacement 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 Outplacement Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Outplacement Services Industry

  • Industry Globalization
    Adecco Holdings Pty Limited, Manpower Services (Australia) Pty Limited, Career Insight Group Pty Ltd, Randstad Pty Limited,
  • Table: Adecco Holdings Pty Limited - financial performance
  • Table: Manpower Services (Australia) Pty Limited - financial performance
  • Table: Career Insight Group Pty Ltd - financial performance
  • Table: Randstad Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Outplacement 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 Outplacement 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
    Career Transition
  • Changes to an individual's employment or a group of employees (such as downsizing or redundancies), which requires outplacement services and other assistance by the industry.
  • Executive Outplacement Services
  • Assistance provided to executives and upper management to transition into a new and suitable position.
  • Outplacement Services
  • Assistance and advice provided to workers that have been laid-off or made redundant by their employer, including job search help, resume writing and interview skills.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Outplacement Services 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 Outplacement 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 Outplacement 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 Outplacement Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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