Employment & Recruiting Agencies in Canada
The Employment and Recruiting Agencies industry in Canada provides individual and corporate clients with a variety of services, including permanent placement, as well as other staffing and human resources functions. The financial success of the industry is closely connected to the broader economy and the unemployment rate in Canada. Over the past five years, the nature of the industry's services has evolved through the continued use of online resources and improvements in technology. The development of professional networking and job sites has provided applicants and employers with convenient access to one another and in some cases, has circumvented the need for employment and recruiting agencies entirely. Over the five years to 2023, industry operators are anticipated to benefit from stability in the Canadian labour market, as well as in the broader macroeconomic environment. The unemployment rate is forecast to remain low, while corporate profit is expected to increase through 2023, providing clients with additional cash to outsource hiring and recruiting activities to the industry's agencies.
Operators in this industry list employment vacancies and select, refer and place job seekers into permanent employment positions. Individuals placed into these new positions are not employees of this industry’s agencies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.