The industry's fortunes depend on business sentiment, the unemployment rate and internet use. While the shift from print to digital advertising is the primary reason for most of the industry's growth, industry earnings are also susceptible to employers hiring and dismissing staff. Therefore, industry revenue has exhibited high volatility levels over the past five years, from strong growth in 2010-11 to a decline in 2012-13. The industry is expected to grow at an annualised 6.2% over the five years through 2014-15 to reach $299.2 million, due to its sensitivity to job advertisement demand. This includes a 6.9% jump in 2014-15 as job advertisements expand strongly.
Online recruitment websites charge employers to list job openings. Companies in the industry maintain databases of resumes that employers can search for a fee. Industry firms can also receive revenue from banner advertising.
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.