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Published on : Mar 29, 2017

Albany, New York, March 29, 2017: ResearchMoz.us has announced the addition of a report titled “Global Recruitment Market: Industry Analysis & Outlook (2017-2021)” to its offering. The report on the global recruitment market provides an in-depth insight into current market outlook, key drivers and restraining factors, emerging trends and opportunities, and competitive landscape. The research study analyzes the market share and size of major recruitment markets in regions such as North America, Europe, and Asia Pacific. The study takes a closer look at the crucial macroeconomic factors impacting the workforce requirement in different industries.

The research report highlights evolving media platforms such as social media influencing the strategies of various recruitment firms in emerging markets. Furthermore, the research analysis assesses key issues and challenges affecting the labor market in developing and developed regions. The factors that led to a sharp decline in demand for recruitment services in the recent past in various developed countries of major regions are extensively studied. In addition, the report offers market share and size of various general and professional recruitment segments.

The report analyzes socio-demographic trends influencing the labor market and their impact on shaping the strategies of recruitment firms and placement services are evaluated. Furthermore, the study offers a detailed assessment of the role of leading employment agencies in enhancing workers’ employability and companies’ competitiveness. The increasing number of mergers and acquisitions, decline in the rate of unemployment, and the soaring popularity of social media tools and online platforms for employment are the crucial factors driving the recruitment market. A concomitant growth of various industrial sectors have led to campus-based and contract hiring in a large number of private companies, including international firms and MNCs, stimulating the demand for recruitment agencies.

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The steady increase in the percentage of foreign-born workers in the U.S labor force, particularly in the age group of 25–54, coupled with increasing job openings since 2009, has opened up abundant opportunities for recruitment firms in this regional market. Coupled with this, the rising demand for skilled and semi-skilled workers in various emerging regions has propelled the global market.

However, an ageing workforce reluctant to learn new job skills pertaining to different domains and business functions has limited the potential of recruitment agencies, hindering the growth of the market to an extent. Moreover, stringent regulatory environments in some of the developed countries such as the U.S., where the governments have largely regulated the labor markets, are likely to hamper the demand for recruitment and placement services. On the other hand, a large untapped market in emerging countries, such as India and China, is expected to create promising growth opportunities for market players.

Leading recruitment firms are offering a wide spectrum of services to meet employers’ requirements with enhanced flexibility in order to gain a competitive edge over others. Major players operating in the global recruitment market include Adecco Group, Randstad Holding NV, Manpower Group, and Recruit Group.

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