Hire growth: The high employment rate in 2023 is boosting industry revenue
Employment placement agencies benefitted from high demand as unemployment levels fell over the two years through 2019. However, the COVID-19 outbreak in 2020 led to a rapid slump in demand as many companies paused hiring practices. This has skewed otherwise strong revenue growth over recent years, with revenue only expected to climb at a compound annual rate of 2.2% over the five years through 2023 to €4.1 billion.
Employment placement agencies operating in the industry list employment vacancies, refer applicants to jobs or directly place them in permanent employment. The individuals referred or placed are not employees of the employment agency. The activities of online placement agencies are also included in the industry.
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.
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