Employment Placement and Recruitment Services in Australia - Industry Market Research Report

Job done: Firms are performing well amid low unemployment and positive business confidence

Employment placement and recruitment firms are highly susceptible to shifts in Australia's unemployment rate, the total labour force's size and business confidence. Negative business confidence tends to reduce demand for the industry's recruitment services, reflecting a business environment wherein fewer client businesses employ additional staff. Increases in the national unemployment rate can wreak havoc on industry growth, as clients typically advertise fewer jobs. Industry firms provide personnel search, selection, referral and placement services to fill permanent work positions. Industry firms may supply services to the potential employer or the prospective employee. For the employer, services can involve all aspects of the recruitment process, including formulating job descriptions, screening and testing applicants, and checking references. Services for the employee include job-search assistance and training. 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.