2. Executive Summary
The recruitment market varies considerably from one country to another with the US, Japan and the UK showing the highest degree of fragmentation. The
recruitment market can be segmented into general and professional staffing markets. General staffing that includes low skilled, low wage blue collar employees
has a larger share as compared to professional staffing that includes higher skilled, higher wages white collar employees. North America represented the single
largest market measured in terms of revenues in 2013 followed by Japan, the UK, France and Germany.
The trend of consolidation in staffing industry is increasing especially in fragmented markets due to several factors. In 2013, especially the first half, a declining
trend continued to be registered across the world leading to a fall in labor force participation rate. However, since Q4 2013, a slow revival is being registered in
employment rate across the globe, especially the US, the UK, India, Japan, etc. The EU region continues to struggle with its economic revival, especially
France, Spain, Greece, among others. Income growth has also come under pressure from rising unemployment, putting downward pressure on real wages in
many advanced economies. With the economic revival in the coming months, sources of new employment opportunities can be expected, however, the
continuing challenge in overcoming the problem of skill gap in both advanced and emerging economies will continue to affect the staffing industry sales.
Most of the mergers and acquisitions that took place in 2013 were in the IT & Healthcare segment and involved middle sized staffing firms as they proved to be
attractive acquisition targets, offering geographic coverage and differentiated services. People are increasingly using social media to network and identify
employment opportunities. The trend of RPOs (recruitment process outsourcing) is becoming more popular as more and more medium and large-sized
organizations are outsourcing their recruitment process right from the entry level jobs to high level jobs. Deregulation in temporary agency work in countries like
Japan, Netherlands, Germany and Spain for equal pay has brought positive changes in overall recruitment market.
Moreover, the global recruitment market is fiercely competitive and highly fragmented with numerous players vying for market share. The leading four
companies account for about one-fifth of the total revenues of the industry. Adecco Group is the largest company operating in this industry, followed by
Randstad and Manpower. The present report profiles these four companies along with a discussion of their respective business strategies.
The report provides a comprehensive overview of the global staffing industry along with the coverage of major regional markets like North America (the US and
Canada), Europe (France, Germany, Italy, the UK, Spain, Sweden and Switzerland), and Asia Pacific (Australia and Japan), discussing the market size,
segmentation, and employment/unemployment rates.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We
employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of
the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was
analyzed using standard SPSS output, including charts, tables, and tests.
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3. The global recruitment market has been benefitting from the need for flexibility, mobility and moderate
economic growth across the world…
In 2013, global recruitment market’s valuation totaled US$…
billion, an increase of …% over 2012 and is expected to rise
towards US$... billion by 2014.
IT & Healthcare accounted for the largest share of global
staffing market in 2013.
In 2013, US continued to be the largest market for recruitment
industry, recording sales US$....billion, with nearly …%
coming from temporary/ contract staffing.
In 2013, the UK & Germany showed gradual recovery in labor
force participation, with the UK staffing industry registering
YoY growth of …%.
Japan registered a …% YoY decline in staffing sector revenue
in 2013, when compared to US$... billion in 2012.
Global Professional Staffing Segment Share (2013)
2007 2008 2009 2010 2011 2012 2013
US$Billion
Global Recruitment Market by Value (2007-2014F)
US Staffing & Recruitment Industry Sales (2005-2014E)
2011 2012 2013 2014E 2015E 2016E
Thousand
IT Healthcare
Engineering Finance & Accounting
Clinical/ Scientific Education/ Library
Marketing/ Creative
4. Moreover, the global market is also being supported by growing online & social media recruitment,
demand for HR BPO services and labour market reforms in some countries…
In 2013, the US gross revenue from online staffing market was
approx. US$...billion, and is forecasted to increase to
US$...billion by 2018 and US$..billion by 2020.
Globally, in 2013, around …% recruitment activity involved the
Internet, with the percentage for 2014 estimated to continue to
grow …%.
Among the social media sites, LinkedIn remains the most
popular …%, followed by Facebook …%, for recruitment.
In 2014, the HR outsourcing is estimated to have registered a
YoY increase of …%.
The RPO market in 2014 is estimated to decline to US$...million,
but in 2015, the segment is expected to increase to US$..million,
due to recovery in labour market, especially high-skilled jobs.
LinkedIn Revenue by Segment (2008-2014E)
Global Revenue from Online Staffing Market (2012-2020F)
Global RPO Market (2012-2016)
2011 2012 2013 2014E
US$Million
Talent Solutions Marketing Solutions Premium Subscriptions
2012 2013E 2014F 2016F
US$Million
2012 2013 2014F 2015F 2016F 2017F 2018F 2019F 2020F
US$Billion
5. Appropriate regulations, business environment, changing labour needs and mobility are further
enhancing the penetration levels…
• The global recruitment market is forecasted to grow at a CAGR of ….% and is forecasted to reach US$... billion by 2017.
• The global recruitment market is expected to grow at a sustained pace in the next 2-3 years due to the slow revival of the economy
in both developed and developing nations. ,
• However, the continued high unemployment, skill gap are likely to act as a challenge for the staffing industry in the coming years.
World Recruitment Market Forecast (2013-2017F)
2013 2014F 2015F 2016F 2017F
US$Billion
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