Global Recruitment (Staffing) Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)
The global recruitment market is expected to record a value of US$542.0 billion in 2024, growing at a CAGR of 2.01%, for the duration of 2020-2024. The factors such as, rising volume of mergers & acquisitions, declining rate of unemployment, growth of industrial production, increasing use of mobile platforms, acceleration in online recruitment process, are expected to drive the growth of the market. However, the market growth would be challenged by declining labor force participation and ageing workforce. A few notable trends may include budding new business environment, rise in the foreign born workers in the U.S., rising staffing index, increasing share of full time employment and accelerating job openings & hires.
The global staffing industry is highly fragmented with many market players operating worldwide. The strong performance by such players has brought considerable growth in the overall staffing market over the years. However, the COVID-19 outbreak is affecting the global economy because of the social distancing measures, taken by the government bodies to control the pandemic situation. The situation might affect the growth of the staffing industry during the initial phase of 2020-2024. But once the economy starts recovering, it would stabilize the growth of the global recruitment market, owing to the demand for skilled workforce from different sectors.
The fastest growing regional market is North America, owing to the presence of major players in the U.S. market. Further, the availability of advanced technology and high investment capacity have helped the region to drive the profitable growth to the market. Europe and APAC also hold significant shares in the global staffing industry, owing to the increase in a number of merger and acquisition transactions between recruitment firms and other companies from different sectors.
Scope of the report:
The global staffing industry is highly fragmented with many market players operating worldwide. The strong performance by such players has brought considerable growth in the overall staffing market over the years. However, the COVID-19 outbreak is affecting the global economy because of the social distancing measures, taken by the government bodies to control the pandemic situation. The situation might affect the growth of the staffing industry during the initial phase of 2020-2024. But once the economy starts recovering, it would stabilize the growth of the global recruitment market, owing to the demand for skilled workforce from different sectors.
The fastest growing regional market is North America, owing to the presence of major players in the U.S. market. Further, the availability of advanced technology and high investment capacity have helped the region to drive the profitable growth to the market. Europe and APAC also hold significant shares in the global staffing industry, owing to the increase in a number of merger and acquisition transactions between recruitment firms and other companies from different sectors.
Scope of the report:
- The report provides a comprehensive analysis of the global recruitment (staffing) market.
- The major regional markets (North America, Europe and APAC), along with the country coverage of the U.S., Canada, UK, France, Germany, Japan and Australia have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Adecco Group, Randstad Holding NV, Manpower Group, Recruit Group, Hays PLC and Allegis Group) are also presented in detail.
- Recruitment and Staffing Agencies
- Talent Acquisition Firms
- Potential Audience (candidates and job seekers)
- Investment Banks
- Government Bodies & Regulating Authorities
1. OVERVIEW
1.1 Recruitment
1.2 Recruitment Process
1.3 Types of Recruitment
1.4 Recruitment Market Segmentation
2. IMPACT OF COVID-19
2.1 Rise in Inflation Rates
2.2 Acceleration in Automation
2.3 Incline in Currency Exchange Rates
2.4 Regional Impact
3. GLOBAL RECRUITMENT MARKET ANALYSIS
3.1 Global Recruitment Market by Value
3.2 Global Recruitment Market Forecast by Value
3.3 Global GDP Growth & Unemployment Forecast
3.4 Global Recruitment Market by Type
3.5 Global Recruitment Market by Region
3.6 Global Temporary Recruitment Market by Value
3.7 Global Temporary Recruitment Market Forecast by Value
4. REGIONAL MARKET ANALYSIS
4.1 North America
4.1.1 The U.S. Recruitment Market by Value
4.1.2 The U.S. Recruitment Market Forecast by Value
4.1.3 The U.S. GDP Growth & Unemployment Forecast
4.1.4 The U.S Recruitment Market by Segment
4.1.5 The U.S. Temporary Recruitment Market by Value
4.1.6 The U.S. Temporary Recruitment Market Forecast by Value
4.1.7 The U.S. Temporary Recruitment Market by Sectors
4.1.8 The U.S. Industrial Temporary Recruitment Market Forecast by Value
4.1.9 The U.S. IT Temporary Recruitment Market Forecast by Value
4.1.10 The U.S. Healthcare Temporary Recruitment Market Forecast by Value
4.1.11 The U.S. Clerical Temporary Recruitment Market Forecast by Value
4.1.12 The U.S. Engineering Temporary Recruitment Market Forecast by Value
4.1.13 The U.S. Temporary Recruitment Market by Volume
4.1.14 The U.S. Temporary Recruitment Market Forecast by Volume
4.1.15 Canada Recruitment Market by Value
4.1.16 Canada Recruitment Market Forecast by Value
4.1.17 Canada Temporary Recruitment Market by Volume
4.1.18 Canada Temporary Recruitment Market Forecast by Volume
4.1.19 Canada’s GDP Growth & Unemployment Forecast
4.2 Europe
4.2.1 The UK Recruitment Market by Value
4.2.2 The UK Recruitment Market Forecast by Value
4.2.3 The UK Recruitment Market by Segments
4.2.4 The UK Temporary Recruitment Market by Value
4.2.5 The UK Temporary Recruitment Market Forecast by Value
4.2.6 The UK GDP Growth & Unemployment Forecast
4.2.7 France Recruitment Market by Value
4.2.8 France Recruitment Market Forecast by Value
4.2.9 France GDP Growth & Unemployment Forecast
4.2.10 Germany Recruitment Market by Value
4.2.11 Germany Recruitment Market Forecast by Value
4.2.12 Germany Temporary Recruitment Market by Volume
4.2.13 Germany Temporary Recruitment Market Forecast by Volume
4.2.14 Germany GDP Growth & Unemployment Forecast
4.3 APAC
4.3.1 Japan Recruitment Market by Value
4.3.2 Japan Recruitment Market Forecast by Value
4.3.3 Japan GDP Growth & Unemployment Forecast
4.3.4 Australia Recruitment Market by Value
4.3.5 Australia Recruitment Market Forecast by Value
4.3.6 Australia GDP Growth & Unemployment Forecast
5. MARKET DYNAMICS
5.1 Growth Drivers
5.1.1 Rising Volume of Mergers & Acquisitions
5.1.2 Declining Rate of Unemployment
5.1.3 Growth of Industrial Production
5.1.4 Increasing Use of Mobile Platforms
5.1.5 Acceleration in Online Recruitment Processes
5.1.6 Campus Placement Programs
5.2 Key Trends and Developments
5.2.1 Budding New Business Environment
5.2.2 Rise in Foreign Born Workers in the US
5.2.3 Rising Staffing Index
5.2.4 Increasing Share of Full-Time Employment
5.2.5 Accelerating Job Opening and Hires
5.2.6 Skilled Workers and Professional Demand
5.2.7 VMS and MSP Usage
5.2.8 Increasing Spending on Recruitment Process Outsourcing
4.3 Challenges
5.3.1 Declining Labor Force Participation
5.3.2 Ageing Workforce
6. COMPETITIVE LANDSCAPE
6.1 Global Market
6.1.1 Global Recruitment Market Share by Company
6.1.2 Recruitment Firms Comparison by Regional Exposure
6.1.3 Key Players - Revenue Comparison
6.1.4 Key Players - Market Capitalization Comparison
6.2 Regional Market
6.2.1 The US Recruitment Market Share by Company
6.2.2 Canada Recruitment Market Share by Company
6.2.3 Germany Recruitment Market Share by Company
6.2.4 France Recruitment Market Share by Company
6.2.5 Japan Recruitment Market Share by Company
7. COMPANY PROFILES
7.1 Adecco Group
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 Randstad Holding NV
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Manpower Group
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 Recruit Holdings
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 Hays PLC
7.5.1 Business Overview
7.5.2 Financial Overview
7.5.3 Business Strategies
7.6 Allegis Group
7.6.1 Business Overview
7.6.2 Business Strategies
1.1 Recruitment
1.2 Recruitment Process
1.3 Types of Recruitment
1.4 Recruitment Market Segmentation
2. IMPACT OF COVID-19
2.1 Rise in Inflation Rates
2.2 Acceleration in Automation
2.3 Incline in Currency Exchange Rates
2.4 Regional Impact
3. GLOBAL RECRUITMENT MARKET ANALYSIS
3.1 Global Recruitment Market by Value
3.2 Global Recruitment Market Forecast by Value
3.3 Global GDP Growth & Unemployment Forecast
3.4 Global Recruitment Market by Type
3.5 Global Recruitment Market by Region
3.6 Global Temporary Recruitment Market by Value
3.7 Global Temporary Recruitment Market Forecast by Value
4. REGIONAL MARKET ANALYSIS
4.1 North America
4.1.1 The U.S. Recruitment Market by Value
4.1.2 The U.S. Recruitment Market Forecast by Value
4.1.3 The U.S. GDP Growth & Unemployment Forecast
4.1.4 The U.S Recruitment Market by Segment
4.1.5 The U.S. Temporary Recruitment Market by Value
4.1.6 The U.S. Temporary Recruitment Market Forecast by Value
4.1.7 The U.S. Temporary Recruitment Market by Sectors
4.1.8 The U.S. Industrial Temporary Recruitment Market Forecast by Value
4.1.9 The U.S. IT Temporary Recruitment Market Forecast by Value
4.1.10 The U.S. Healthcare Temporary Recruitment Market Forecast by Value
4.1.11 The U.S. Clerical Temporary Recruitment Market Forecast by Value
4.1.12 The U.S. Engineering Temporary Recruitment Market Forecast by Value
4.1.13 The U.S. Temporary Recruitment Market by Volume
4.1.14 The U.S. Temporary Recruitment Market Forecast by Volume
4.1.15 Canada Recruitment Market by Value
4.1.16 Canada Recruitment Market Forecast by Value
4.1.17 Canada Temporary Recruitment Market by Volume
4.1.18 Canada Temporary Recruitment Market Forecast by Volume
4.1.19 Canada’s GDP Growth & Unemployment Forecast
4.2 Europe
4.2.1 The UK Recruitment Market by Value
4.2.2 The UK Recruitment Market Forecast by Value
4.2.3 The UK Recruitment Market by Segments
4.2.4 The UK Temporary Recruitment Market by Value
4.2.5 The UK Temporary Recruitment Market Forecast by Value
4.2.6 The UK GDP Growth & Unemployment Forecast
4.2.7 France Recruitment Market by Value
4.2.8 France Recruitment Market Forecast by Value
4.2.9 France GDP Growth & Unemployment Forecast
4.2.10 Germany Recruitment Market by Value
4.2.11 Germany Recruitment Market Forecast by Value
4.2.12 Germany Temporary Recruitment Market by Volume
4.2.13 Germany Temporary Recruitment Market Forecast by Volume
4.2.14 Germany GDP Growth & Unemployment Forecast
4.3 APAC
4.3.1 Japan Recruitment Market by Value
4.3.2 Japan Recruitment Market Forecast by Value
4.3.3 Japan GDP Growth & Unemployment Forecast
4.3.4 Australia Recruitment Market by Value
4.3.5 Australia Recruitment Market Forecast by Value
4.3.6 Australia GDP Growth & Unemployment Forecast
5. MARKET DYNAMICS
5.1 Growth Drivers
5.1.1 Rising Volume of Mergers & Acquisitions
5.1.2 Declining Rate of Unemployment
5.1.3 Growth of Industrial Production
5.1.4 Increasing Use of Mobile Platforms
5.1.5 Acceleration in Online Recruitment Processes
5.1.6 Campus Placement Programs
5.2 Key Trends and Developments
5.2.1 Budding New Business Environment
5.2.2 Rise in Foreign Born Workers in the US
5.2.3 Rising Staffing Index
5.2.4 Increasing Share of Full-Time Employment
5.2.5 Accelerating Job Opening and Hires
5.2.6 Skilled Workers and Professional Demand
5.2.7 VMS and MSP Usage
5.2.8 Increasing Spending on Recruitment Process Outsourcing
4.3 Challenges
5.3.1 Declining Labor Force Participation
5.3.2 Ageing Workforce
6. COMPETITIVE LANDSCAPE
6.1 Global Market
6.1.1 Global Recruitment Market Share by Company
6.1.2 Recruitment Firms Comparison by Regional Exposure
6.1.3 Key Players - Revenue Comparison
6.1.4 Key Players - Market Capitalization Comparison
6.2 Regional Market
6.2.1 The US Recruitment Market Share by Company
6.2.2 Canada Recruitment Market Share by Company
6.2.3 Germany Recruitment Market Share by Company
6.2.4 France Recruitment Market Share by Company
6.2.5 Japan Recruitment Market Share by Company
7. COMPANY PROFILES
7.1 Adecco Group
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 Randstad Holding NV
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Manpower Group
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 Recruit Holdings
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 Hays PLC
7.5.1 Business Overview
7.5.2 Financial Overview
7.5.3 Business Strategies
7.6 Allegis Group
7.6.1 Business Overview
7.6.2 Business Strategies
LIST OF FIGURES
Factors that Influence Recruitment
Recruitment Process
Global Inflation Rate Forecast (2019-2024)
Global Robotic Process Automation (RPA) Sales Forecast (2019-2023)
Exchange Rates Forecast by Major Currencies (3Q20-2021)
Global Recruitment Market by Value (2015-2019)
Global Recruitment Market by Value (2015-2019)
Global GDP Growth & Unemployment Forecast (2015-2024)
Global Recruitment Market by Type (2019)
Global Recruitment Market by Region (2019)
Global Temporary Recruitment Market by Value (2015-2019)
Global Temporary Recruitment Market Forecast by Value (2020-2024)
The U.S. Recruitment Market by Value (2015-2019)
The U.S. Recruitment Market Forecast by Value (2020-2024)
The U.S. GDP Growth & Unemployment Forecast (2015-2024)
The U.S Recruitment Market by Segment (2019)
The U.S. Temporary Recruitment Market by Value (2015-2019)
The U.S. Temporary Recruitment Market Forecast by Value (2020-2024)
The U.S. Temporary Recruitment Market by Sectors(2019)
The U.S. Industrial Temporary Recruitment Market Forecast by Value (2019-2024)
The U.S. IT Temporary Recruitment Market Forecast by Value (2019-2024)
The U.S. Healthcare Temporary Recruitment Market Forecast by Value (2019-2024)
The U.S. Clerical Temporary Recruitment Market Forecast by Value (2019-2024)
The U.S. Engineering Temporary Recruitment Market Forecast by Value (2019-2024)
The U.S. Temporary Recruitment Market by Volume (2015-2019)
The U.S. Temporary Recruitment Market Forecast by Volume
The U.S. Temporary Recruitment Market Forecast by Volume (2020-2024)
Canada Recruitment Market Forecast by Value (2020-2024)
Canada Temporary Recruitment Market by Volume (2015-2019)
Canada Temporary Recruitment Market Forecast by Volume (2020-2024)
Canada’s GDP Growth & Unemployment Forecast (2015-2024)
The UK Recruitment Market by Value (2015-2019)
The UK Recruitment Market Forecast by Value (2020-2024)
The UK Recruitment Market by Segments (2019)
The UK Temporary Recruitment Market by Value (2015-2019)
The UK Temporary Recruitment Market Forecast by Value (2020-2024)
The UK GDP Growth & Unemployment Forecast (2015-2024)
France Recruitment Market by Value (2015-2019)
France Recruitment Market Forecast by Value (2020-2024)
France GDP Growth & Unemployment Forecast (2015-2024)
Germany Recruitment Market by Value (2015-2019)
Germany Recruitment Market Forecast by Value (2020-2024)
Germany Recruitment Market by Volume (2015-2019)
Germany Temporary Recruitment Market Forecast by Volume (2020-2024)
Germany GDP Growth & Unemployment Forecast (2015-2024)
Japan Recruitment Market by Value (2015-2019)
Japan Recruitment Market Forecast by Value (2020-2024)
Japan GDP Growth & Unemployment Forecast (2015-2024)
Australia Recruitment Market by Value (2015-2019)
Australia Recruitment Market Forecast by Value (2020-2024)
Australia GDP Growth & Unemployment Rate Forecast (2015-2024)
M&A Transaction Volume of Staffing Industry (2012-2019)
M&A Activity of Staffing Industry by Sectors (2019)
The U.S. Unemployment Rate by Education Level as of Total Workforce (2011-2019)
World Industrial Production Index (2011-2019)
Global Number of Smartphone Users (2019-2024)
Global E-Recruitment Market (2015-2019)
Number of Business Establishments Less than one year old in the US (2012-2019)
Foreign Born Workers in US Labor Force (2012-2019)
Global Staffing Index (2011-2019)
The U.S. Full-Time & Part-Time Employment Share (2011-2019)
The U.S. Job Openings and Hires (2012-2019)
VMS And MSP Usage (2012-2019)
Worldwide Spending on Recruitment Process Outsourcing (2019-2024)
The U.S. Labor Force Participation Rate (2012-2019)
Global Ageing Population – Age 60 Years and above (2015-2019)
The US Labor Force by Age Distribution (1996-2027E)
Global Recruitment Market Share by Company (2019)
The US Recruitment Market Share by Company (2019)
Canada Recruitment Market Share by Company (2019)
Germany Recruitment Market Share by Company (2019)
France Recruitment Market Share by Company (2019)
Japan Recruitment Market Share by Company (2019)
Adecco Group’s Revenues and Net Income (2015-2019)
Adecco Group’s Revenues by Business Line (2019)
Adecco Group’s Revenues by Regions (2019)
Randstad Holding NV Revenue and Net Income (2015-2019)
Randstad Holding NV Revenue Share by Segments (2019)
Manpower Group Revenue and Net Earnings (2015-2019)
Manpower Group Revenue Share by Segments (2019)
Recruit Holdings Revenue and Profit (2015-2019)
Recruit Holdings Revenue by Business Segments (2019)
Recruit Holdings Revenue by Regions (2019)
Hays PLC Revenue and Profit (2015-2019)
Hays PLC Revenue by Divisions (2019)
Hays PLC Revenue by Region (2019)
Factors that Influence Recruitment
Recruitment Process
Global Inflation Rate Forecast (2019-2024)
Global Robotic Process Automation (RPA) Sales Forecast (2019-2023)
Exchange Rates Forecast by Major Currencies (3Q20-2021)
Global Recruitment Market by Value (2015-2019)
Global Recruitment Market by Value (2015-2019)
Global GDP Growth & Unemployment Forecast (2015-2024)
Global Recruitment Market by Type (2019)
Global Recruitment Market by Region (2019)
Global Temporary Recruitment Market by Value (2015-2019)
Global Temporary Recruitment Market Forecast by Value (2020-2024)
The U.S. Recruitment Market by Value (2015-2019)
The U.S. Recruitment Market Forecast by Value (2020-2024)
The U.S. GDP Growth & Unemployment Forecast (2015-2024)
The U.S Recruitment Market by Segment (2019)
The U.S. Temporary Recruitment Market by Value (2015-2019)
The U.S. Temporary Recruitment Market Forecast by Value (2020-2024)
The U.S. Temporary Recruitment Market by Sectors(2019)
The U.S. Industrial Temporary Recruitment Market Forecast by Value (2019-2024)
The U.S. IT Temporary Recruitment Market Forecast by Value (2019-2024)
The U.S. Healthcare Temporary Recruitment Market Forecast by Value (2019-2024)
The U.S. Clerical Temporary Recruitment Market Forecast by Value (2019-2024)
The U.S. Engineering Temporary Recruitment Market Forecast by Value (2019-2024)
The U.S. Temporary Recruitment Market by Volume (2015-2019)
The U.S. Temporary Recruitment Market Forecast by Volume
The U.S. Temporary Recruitment Market Forecast by Volume (2020-2024)
Canada Recruitment Market Forecast by Value (2020-2024)
Canada Temporary Recruitment Market by Volume (2015-2019)
Canada Temporary Recruitment Market Forecast by Volume (2020-2024)
Canada’s GDP Growth & Unemployment Forecast (2015-2024)
The UK Recruitment Market by Value (2015-2019)
The UK Recruitment Market Forecast by Value (2020-2024)
The UK Recruitment Market by Segments (2019)
The UK Temporary Recruitment Market by Value (2015-2019)
The UK Temporary Recruitment Market Forecast by Value (2020-2024)
The UK GDP Growth & Unemployment Forecast (2015-2024)
France Recruitment Market by Value (2015-2019)
France Recruitment Market Forecast by Value (2020-2024)
France GDP Growth & Unemployment Forecast (2015-2024)
Germany Recruitment Market by Value (2015-2019)
Germany Recruitment Market Forecast by Value (2020-2024)
Germany Recruitment Market by Volume (2015-2019)
Germany Temporary Recruitment Market Forecast by Volume (2020-2024)
Germany GDP Growth & Unemployment Forecast (2015-2024)
Japan Recruitment Market by Value (2015-2019)
Japan Recruitment Market Forecast by Value (2020-2024)
Japan GDP Growth & Unemployment Forecast (2015-2024)
Australia Recruitment Market by Value (2015-2019)
Australia Recruitment Market Forecast by Value (2020-2024)
Australia GDP Growth & Unemployment Rate Forecast (2015-2024)
M&A Transaction Volume of Staffing Industry (2012-2019)
M&A Activity of Staffing Industry by Sectors (2019)
The U.S. Unemployment Rate by Education Level as of Total Workforce (2011-2019)
World Industrial Production Index (2011-2019)
Global Number of Smartphone Users (2019-2024)
Global E-Recruitment Market (2015-2019)
Number of Business Establishments Less than one year old in the US (2012-2019)
Foreign Born Workers in US Labor Force (2012-2019)
Global Staffing Index (2011-2019)
The U.S. Full-Time & Part-Time Employment Share (2011-2019)
The U.S. Job Openings and Hires (2012-2019)
VMS And MSP Usage (2012-2019)
Worldwide Spending on Recruitment Process Outsourcing (2019-2024)
The U.S. Labor Force Participation Rate (2012-2019)
Global Ageing Population – Age 60 Years and above (2015-2019)
The US Labor Force by Age Distribution (1996-2027E)
Global Recruitment Market Share by Company (2019)
The US Recruitment Market Share by Company (2019)
Canada Recruitment Market Share by Company (2019)
Germany Recruitment Market Share by Company (2019)
France Recruitment Market Share by Company (2019)
Japan Recruitment Market Share by Company (2019)
Adecco Group’s Revenues and Net Income (2015-2019)
Adecco Group’s Revenues by Business Line (2019)
Adecco Group’s Revenues by Regions (2019)
Randstad Holding NV Revenue and Net Income (2015-2019)
Randstad Holding NV Revenue Share by Segments (2019)
Manpower Group Revenue and Net Earnings (2015-2019)
Manpower Group Revenue Share by Segments (2019)
Recruit Holdings Revenue and Profit (2015-2019)
Recruit Holdings Revenue by Business Segments (2019)
Recruit Holdings Revenue by Regions (2019)
Hays PLC Revenue and Profit (2015-2019)
Hays PLC Revenue by Divisions (2019)
Hays PLC Revenue by Region (2019)
LIST OF TABLES
Employment by Education and Training Category in the US (2016-2026E)
Global Recruitment Firms - Comparison by Regional Exposure (2019)
Key Players - Revenue Comparison (2019)
Key Players - Market Capitalization Comparison (2020)
Employment by Education and Training Category in the US (2016-2026E)
Global Recruitment Firms - Comparison by Regional Exposure (2019)
Key Players - Revenue Comparison (2019)
Key Players - Market Capitalization Comparison (2020)
