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Global Recruitment Market Report: 2011 Edition
Koncept Analytics, Sep 2011, Pages: 60
The global staffing market can be categorized in two ways: general and professional staffing; and temporary staffing, permanent staffing and outsourcing. Presently, the general staffing segment which includes staffing of the less-skilled, and lower wage blue collar segment dominates over the professional staffing segment, which comprises staffing of the higher skilled and higher wage professionals.
With the increasing trend of companies taking help of the staffing companies for recruitment, owing to their expertise in the field, wide network as well as having a large pool of potential candidates in almost all the industries, the recruitment market has benefited greatly. Geographically, Europe dominates the recruitment industry, followed by North America.
With most of the production shifting towards the emerging countries, mainly because of the cost advantages in such regions, the recruitment market is likely to get benefitted from the emerging countries in the coming years. Since employment is closely correlated to the world GDP growth, increase in the GDP in the years to come would also help in increasing the recruitment market. Owing to the rapidly growing ageing population worldwide, there is an expected decline in the total labor force, which would increase the need of getting the help of the staffing companies in order to get a right candidate for the profile. One of the major issues being faced by the staffing market worldwide is the lack of skilled labor. As per the statistics, the coming years are likely to face employment gaps as the total labor force would not be sufficient to fill the required demand.
The worldwide recruitment market is highly fragmented with the top seven players accounting for about one-fourth of the total revenues of the industry. Adecco Group is the leading player globally, followed by Randstad, Manpower and Kelly Services.
The report discusses the various aspects of the global recruitment industry as well as some of the major geographical regions including, the US, Canada, Japan, the United Kingdom, France, Germany, Italy, Spain and India, are also analyzed in terms of the regional staffing market. It analyzes the major trends as well as the drivers and challenges being faced by the recruitment industry. The report presents the competitive positioning of the major players on the basis of revenues, cost leadership and revenues in the emerging countries. The four largest companies in the recruitment industry, Adecco, Randstad, Manpower and Kelly Services are profiled in the report, along with their financials and business strategies.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, the report predicts the future growth of the industry. Various significant variables that have an impact on this industry and created regression models with SPSS Base have been employed 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.
Also available
Global Recruitment Market Report: 2009 Edition
Global Recruitment Market Report: 2010 Edition
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