World HR & Recruitment Services

Global HR & Recruitment Services

The Global HR and Recruitment Services industry relies on organizations outsourcing recruitment processes and human resource (HR) management activities. Industry performance is largely dependent on economic conditions in major markets and the flow-on effects these have on the demand for labor around the world. Labor market regulation is also important, particularly that relates to temporary employees. While the liberalization of labor laws in developed nations has historically been a key to the industry's growth, large players are now focusing efforts on emerging markets. Growth in these regions is expanding as emerging markets follow suit in the liberalization of labor laws. The governments of some countries, however, particularly in the European Union, are currently at risk of default. The default of a major government in the years to come would ultimately diminish the demand for labor, and with it, the demand for HR and recruitment services.

Companies in this industry provide outsourced human resource (HR) and employment placement services. These services can include the selection and placement of permanent and temporary staff, employee leasing, listing employment vacancies, and the outsourced management of personnel-related administrative functions, such as payroll and employee benefit administration.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.