Global HR & Recruitment Services
The Global HR and Recruitment Services industry relies on organizations' demand for and outsourcing of recruitment processes and human resource (HR) management activities. Industry performance largely depends on economic conditions in major markets and the effect these conditions have on demand for labor worldwide. Growth during the period has been relatively stable as global business sentiment grew in line with improved macroeconomic conditions. Continued growth in emerging markets and improvements in the labor markets of developed nations caused the industry to grow during the period and enabled operators to expand profit margins. Over the next five years, the industry will benefit from improvements in developed nations' labor markets and the continued growth of emerging markets. However, sudden declines in demand for labor may pose a significant threat to HR and recruitment firms that have established operations in developed, industrialized nations.
Companies in this industry provide outsourced human resource (HR) and employment placement services. These services can include selecting and placing permanent and temporary staff, employee leasing, listing employment vacancies and outsourcing management of personnel-related administrative functions, such as payroll and employee benefit administration.
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.
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