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Global Recruitment Market: Permanent And Temporary Staffing Influenced By Economic Conditions

Press Release   •   Feb 15, 2017 16:34 IST

MarketResearchReports.biz announces the addition of a new research report, titled “Global Recruitment Market Report: 2016 Edition.” This 86-page research publication offers readers a comprehensive overview of the overall staffing and recruitment industry and includes an in-depth assessment of the significant variables that impact the global market.

Recruitment refers to the process of drawing, screening, and choosing a qualified candidate either from within or outside an organization for a particular job opportunity. Recruit and employment agencies provide a host of services for various business enterprises in all verticals of every industry.

The global recruitment industry can be bifurcated on the basis of job duration into permanent staffing and temporary staffing. Permanent staffing is closely dependent on the ongoing global, domestic, and organizational economic conditions. Temporary staffing, too, has a positive correlation with the global GDP and is cyclical in nature. The temporary as well as permanent staffing markets exhibit a positive association with the deregulation of the labor sector.

The report covers some of the major regional markets such as Europe (Germany, the UK, France, and Italy), North America (Canada and the US), and Asia Pacific (Japan and Australia). The market size, the rate of employment and unemployment, and the segmentation of these regional markets have been provided and analyzed in the report. The global recruitment market differs considerably from one region/country to the other and the US, the UK, and Japan have been exhibiting the highest degree of fragmentation. So far, North America forms the largest recruitment market in terms of revenue, with Japan, the UK, France, and Germany following suit.

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Countries in the European Union such as Spain, France, and Greece have been struggling with the revival of its economy and the income growth in these nations has been under constant pressure owing to rising unemployment. This has resulted in the downward pressure on the real wages in several advanced economies. Economic recovery is expected in the coming years and this may result in new employment opportunities. The challenge that will continue to haunt the region, however, is the wide skill gap in both emerging and developed economies. This is likely to impact the recruitment market in Europe.

On the bright side, the staffing industry has benefited greatly from the mergers and acquisitions within the healthcare and IT sectors. Alliances involving mid-sized staffing firms have proved to be immensely attractive, offering service and geographic advantages. The acquisition activities in the industry are fueled by privately-held strategic buyers. The use of social media for networking and identifying employment opportunities has also driven the recruitment market.

The vendor landscape of the staffing industry is extremely fragmented and competitive and there are several players vying for a larger share in the market. Ongoing consolidations have also been reported within the recruitment market, with companies such as Randstad, Adecco Group, and Manpower dominating the marketplace.

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