Employment & Recruiting Agencies in Texas
The Employment and Recruiting Agencies industry in Texas has experienced a tumultuous past five years, rising and falling according to broader labor trends. However, the industry has performed well overall. This growth has primarily stemmed from improvement in the state's business environment. The rate of new business creation in Texas doubled the national average over the past five years. As corporate profit has risen and a greater number of businesses have entered the state, largely due to favorable tax laws, business expansion and restructuring has created a need for more employees, thus driving demand for recruitment services. However, not all industries have maintained such strong growth. Texas, as the country's largest energy producer, was hit especially hard by the downturn in oil prices. Fortunately for industry operators and those in the energy sector, oil prices are anticipated to gradually rebound over the next five years, helping to restore some of the lost demand from that sector and contribute to mild revenue growth.
This industry comprises establishments engaged in listing employment vacancies, referring job applicants to potential employers and assisting companies with employee recruitment and placement. People referred or placed are not employees of the employment 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.