Global Recruitment Market Report: 2010 Edition
The global recruitment industry is all set to witness growth over the next few years, at a CAGR of more than six percent over the period 2009-14. The growth in the market will result from improvement in global economic condition. The market growth is not expected to return to pre-crisis levels anytime soon as labor market around the globe is witnessing slow and prolonged economic recovery, especially for developed nations.
In 2009, the global recruitment industry witnessed a sharp decline breaking the upward trend that the industry has been witnessing since 2004. The market declined as a result of global economic crisis which led to sharp decline in demand for recruitment services.
Amongst all the regional recruitment markets, U.S. is the largest with more than one-third share of the overall global market. The U.S. market has witnessed a decline in 2009 which is greater than the overall decline in the global recruitment market.
Adecco is the largest player in the global recruitment market, followed by Randstand and Manpower. Randstad became the second largest player after its acquisition of Dutch staffing firm Vedior NV. The other players in the market are USG people, Allegis people, Kelly Services, Radia Holdings, Hays, Robert Half international and Staff Services Co.
The current report provides an in-depth analysis of the global recruitment market. The various drivers, opportunities and the challenges faced by the market are discussed in detail. The competitive aspect of the market is also highlighted and the key players are profiled with their strategies for this market.
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.
In 2009, the global recruitment industry witnessed a sharp decline breaking the upward trend that the industry has been witnessing since 2004. The market declined as a result of global economic crisis which led to sharp decline in demand for recruitment services.
Amongst all the regional recruitment markets, U.S. is the largest with more than one-third share of the overall global market. The U.S. market has witnessed a decline in 2009 which is greater than the overall decline in the global recruitment market.
Adecco is the largest player in the global recruitment market, followed by Randstand and Manpower. Randstad became the second largest player after its acquisition of Dutch staffing firm Vedior NV. The other players in the market are USG people, Allegis people, Kelly Services, Radia Holdings, Hays, Robert Half international and Staff Services Co.
The current report provides an in-depth analysis of the global recruitment market. The various drivers, opportunities and the challenges faced by the market are discussed in detail. The competitive aspect of the market is also highlighted and the key players are profiled with their strategies for this market.
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.
1. INDUSTRY SNAPSHOT
1.1 Industry Definition
1.2 SIC Classification
1.3 Value Chain
2. GLOBAL RECRUITMENT MARKET
2.1 Market Size
2.2 Market Segmentation
2.2.1 Geographical Segmentation
2.2.2 Segmentation by Employment Type
3. MAJOR RECRUITMENT MARKETS
3.1 U.S. Recruitment Market
3.1.1 Overview
3.1.2 Market Size
3.2 Canada Recruitment Market
3.2.1 Overview
3.2.2 Market Size
3.3 Netherlands Recruitment Market
3.3.1 Overview
3.3.2 Market Size
3.4 France Recruitment Market
3.4.1 Overview
3.4.2 Market Size
3.5 Germany Recruitment Market
3.5.1 Overview
3.5.2 Market Size
3.6 United Kingdom Recruitment Market
3.6.1 Overview
3.6.2 Market Size
3.7 Spain Recruitment Market
3.7.1 Overview
3.7.2 Market Size
3.8 India Recruitment Market
3.8.1 Overview
3.8.2 Market Size
3.9 China Recruitment Market
3.9.1 Overview
3.9.2 Market size
4. MARKET MOVEMENTS
4.1 Growth Drivers
4.1.1 Deregulation of Markets
4.1.2 Socio-demographic Trends
4.1.3 Economic Environment
4.2 Key Challenges
4.2.1 Regulatory Hurdles
4.2.2 Slow Recovery in Financial Services Sector
4.2.3 Slow Global Economic Recovery
5. COMPETITIVE LANDSCAPE
6. COMPANY PROFILES
6.1 Adecco
Overview
Key Financials
Business Strategies
Dual Approach in Service Offering
Decentralized Country Approach
Cost Management
6.2 Randstad Holding
Overview
Key Financials
Business Strategies
Staffing and Specialties
Professionals and Search & Selection
Increasing Employment Satisfaction
6.3 Manpower Inc
Overview
Key Financials
Business Strategies
Digital Strategy
Professional Staffing
Focus on Right Management Business
6.4 Kelly Services Inc
Overview
Key Financials
Business Strategies
Increasing Operational Efficiencies
Structural & Non-Structural Cost Reductions
Restructuring of Americas Unit
7. MARKET OUTLOOK
7.1 Market Forecast
7.2 Forecast Methodology
7.2.1 Dependent and Independent Variables
7.2.2 Correlation Analysis
7.2.3 Regression Analysis
1.1 Industry Definition
1.2 SIC Classification
1.3 Value Chain
2. GLOBAL RECRUITMENT MARKET
2.1 Market Size
2.2 Market Segmentation
2.2.1 Geographical Segmentation
2.2.2 Segmentation by Employment Type
3. MAJOR RECRUITMENT MARKETS
3.1 U.S. Recruitment Market
3.1.1 Overview
3.1.2 Market Size
3.2 Canada Recruitment Market
3.2.1 Overview
3.2.2 Market Size
3.3 Netherlands Recruitment Market
3.3.1 Overview
3.3.2 Market Size
3.4 France Recruitment Market
3.4.1 Overview
3.4.2 Market Size
3.5 Germany Recruitment Market
3.5.1 Overview
3.5.2 Market Size
3.6 United Kingdom Recruitment Market
3.6.1 Overview
3.6.2 Market Size
3.7 Spain Recruitment Market
3.7.1 Overview
3.7.2 Market Size
3.8 India Recruitment Market
3.8.1 Overview
3.8.2 Market Size
3.9 China Recruitment Market
3.9.1 Overview
3.9.2 Market size
4. MARKET MOVEMENTS
4.1 Growth Drivers
4.1.1 Deregulation of Markets
4.1.2 Socio-demographic Trends
4.1.3 Economic Environment
4.2 Key Challenges
4.2.1 Regulatory Hurdles
4.2.2 Slow Recovery in Financial Services Sector
4.2.3 Slow Global Economic Recovery
5. COMPETITIVE LANDSCAPE
6. COMPANY PROFILES
6.1 Adecco
Overview
Key Financials
Business Strategies
Dual Approach in Service Offering
Decentralized Country Approach
Cost Management
6.2 Randstad Holding
Overview
Key Financials
Business Strategies
Staffing and Specialties
Professionals and Search & Selection
Increasing Employment Satisfaction
6.3 Manpower Inc
Overview
Key Financials
Business Strategies
Digital Strategy
Professional Staffing
Focus on Right Management Business
6.4 Kelly Services Inc
Overview
Key Financials
Business Strategies
Increasing Operational Efficiencies
Structural & Non-Structural Cost Reductions
Restructuring of Americas Unit
7. MARKET OUTLOOK
7.1 Market Forecast
7.2 Forecast Methodology
7.2.1 Dependent and Independent Variables
7.2.2 Correlation Analysis
7.2.3 Regression Analysis
LIST OF TABLES
Recruitment Industry SIC Classification
Canada Employment Figures, June 2009-2010
Dependent & Independent Variables, 2001– 2009
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output
Recruitment Industry SIC Classification
Canada Employment Figures, June 2009-2010
Dependent & Independent Variables, 2001– 2009
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output
LIST OF FIGURES
Recruitment Market Value-Chain
Global Recruitment market, 2001-2009
Global Recruitment Market by Country, 2009
Global Recruitment Market by Employment Type, 2009
U.S. Unemployment Rate, June-2008 to Jun-2010
U.S. Temporary Staffing Average Daily Employment, 2001-2009
U.S. Recruitment Market Size, 2000-2009
Canada Recruitment Market Size, 2001-2007
Netherlands Unemployment Rate, 2001-2009
Netherlands Recruitment Market Size, 2000-2009
France Unemployment Rate, 2000-2009
France Recruitment Market Size, 2000-2009
Germany Unemployment Rate, 2000-2009
Germany Recruitment Market Size, 2000-2009
UK Unemployment Rate, 2001-2010P
U.K. Recruitment Market Size, 2000-2009
Spain Unemployment Rate, 2001-2010P
Spain Recruitment Market Size, 2000-2009
India Unemployment Rate, 2003-2009
India Recruitment Market, 2005-2009
China Unemployment Rate, 2006-2009
Growth of Recruitment Market in China, 2006-2008E
Online Recruitment Market of China, 2006-2009
Comparison of Major Staffing Firm’s Globally, 2008
Adecco Business Revenues, 2005-2009
Randstad Holding Business Revenues, 2005-2009
Manpower Business Revenues, 2005-2009
Kelly Services Business Revenues, 2005-2009
Global Recruitment Market Forecast: 2009-2014F
Recruitment Market Value-Chain
Global Recruitment market, 2001-2009
Global Recruitment Market by Country, 2009
Global Recruitment Market by Employment Type, 2009
U.S. Unemployment Rate, June-2008 to Jun-2010
U.S. Temporary Staffing Average Daily Employment, 2001-2009
U.S. Recruitment Market Size, 2000-2009
Canada Recruitment Market Size, 2001-2007
Netherlands Unemployment Rate, 2001-2009
Netherlands Recruitment Market Size, 2000-2009
France Unemployment Rate, 2000-2009
France Recruitment Market Size, 2000-2009
Germany Unemployment Rate, 2000-2009
Germany Recruitment Market Size, 2000-2009
UK Unemployment Rate, 2001-2010P
U.K. Recruitment Market Size, 2000-2009
Spain Unemployment Rate, 2001-2010P
Spain Recruitment Market Size, 2000-2009
India Unemployment Rate, 2003-2009
India Recruitment Market, 2005-2009
China Unemployment Rate, 2006-2009
Growth of Recruitment Market in China, 2006-2008E
Online Recruitment Market of China, 2006-2009
Comparison of Major Staffing Firm’s Globally, 2008
Adecco Business Revenues, 2005-2009
Randstad Holding Business Revenues, 2005-2009
Manpower Business Revenues, 2005-2009
Kelly Services Business Revenues, 2005-2009
Global Recruitment Market Forecast: 2009-2014F
