The performance of the Employment Placement Agencies industry is tied to the hiring intentions of public- and private-sector firms and, consequently, to the economic cycle. As a result, the industry has endured a difficult operating environment since the recession. After a prolonged period of growth in the early- to mid-2000s, the industry was hit hard by the financial crisis of 2008-09 and the ensuing economic downturn. Demand from the industry's largest market segment, the financial services sector, collapsed, resulting in a huge revenue contraction of 42.9% in 2009-10.
Agencies in this industry list employment vacancies, refer applicants to jobs or directly place them in permanent employment. The individuals referred or placed are not employees of the employment agency. The activities of online placement agencies are also included in the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.