Global Recruitment Market Report

2009 Edition

Publication Date	March 2009
Publisher	Koncept Analytics
Product Type	Report
Pages	75
ISBN Number	not applicable
Product Code	KOA04349

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Summary

The deteriorating global economic environment would significantly impact the recruitment market in 2009. Even in countries expecting GDP growth in 2009, the impact of the financial slowdown is restricting recruitment. A key challenge for staffing firms is dealing with the growing number of job applicants.

In the US, temporary employment declined by 76,000 jobs in January 2009, the 24th monthly reduction in temporary jobs over the last 25 months. The decline of 22.7% on a year-over-year basis was the largest decline since 1990. In Canada, employment fell by 129,000 in January 2009, driving the unemployment rate up to 7.2%. UK GDP growth is forecast to decline by 1.3% in 2009. In France too, the macro-economic environment is weakening faster than what was expected.

The publicly traded staffing companies have seen their share prices fall drastically. Analysts have downgraded the forecast earnings for these companies.

Global staffing companies feel they are in a better position than smaller companies to manage the current crisis. Smaller staffing agencies are more vulnerable to an economic recession because they depend on high margins to ensure profitability.

However, recruitment agencies remain optimistic. They are adopting techniques to manage the crisis. They are training consultants and targeting new businesses. They are also evaluating their business models and focusing on cost cutting measures. Staffing companies are trying to achieve their targets with a smaller client base.

Recruiters with better geographical as well as sector diversification are in a better position to handle the financial downturn. Recruitment companies are strengthening their position in emerging markets such as Eastern Europe, India, Latin America and Asia. The focus on these markets is becoming an integral part of their long-term strategy. The increasing penetration of temporary staffing is creating potential opportunities for staffing companies in these emerging economies.

Most recruitment agencies believe that there would be a clear picture of industry outlook after the first quarter of 2009.

The report analyzes the global recruitment market, with focus on US, Canada, Germany, UK, France, China and India. It analyzes the regional market size, key trends and market forecast. Apart from providing a competitive landscape of the market, the report also profiles the major staffing companies, with a discussion of their key business strategies and significant developments.

Content

1. Industry Snapshot
- 1.1 Industry Definition
- 1.2 SIC Classification
- 1.3 Value Chain
2. Global Recruitment Market
- 2.1 Market Overview
- 2.2 Market Size
  - Market Value
  - Market Segments
  - Market by Region
- 2.3 Key Trends
  - Permanent Market - More Cyclical
  - Low Penetration Rates in Emerging Markets
- 2.4 Market Forecast
3. United States Recruitment Market
- 3.1 Market Overview
- 3.2 Market Size
  - Market Value
  - Market Segments
  - Market Growth
- 3.3 Key Trends
  - Impact of Economic Slowdown on Smaller Staffing Companies
  - Flexibility in Working Environment
  - Staffing Spending to Slow
  - Temporary Staffing Demand Trend
- 3.4 Competitive Landscape
  - Market Ranking
  - Online Market Share
- 3.5 Market Forecast
4. Canadian Recruitment Market
- 4.1 Market Overview
  - Employment Services Sales
  - Market by Province
- 4.2 Key Trends
  - Bill to Regulate the Industry
  - Attracting and Retaining Skilled Talent
  - Online Recruitment Trend
  - Foreign Worker Recruitment to Decline
- 4.3 Competitive Landscape
- 4.4 Market Forecast
5. Germany Recruitment Market
- 5.1 Market Size
  - Market Value
  - Growth Rate
- 5.2 Key Trends
  - Healthcare Leading in Online Recruitment Demand
  - Staffing Growth Leads GDP Growth
  - Low Penetration Rates in Germany
  - Market Potential in Professional Staffing
  - Temporary Work Driving Industry Growth
- 5.3 Competitive Landscape
- 5.4 Market Forecast
6. United Kingdom Recruitment Market
- 6.1 Market Overview
  - Market Value
- 6.2 Key Trends
  - Permanent Placement - An Important Revenue Source
  - New and Small Companies Face Stiff Competition
  - Skills Shortages to Continue
  - High Staff Turnover Concerns Clients
  - Recruitment Staff Shortages
- 6.3 Competitive Landscape
- 6.4 Market Forecast
7. France Recruitment Market
- 7.1 Market Overview
  - Market Value
  - Growth Rate
- 7.2 Key Trends
  - Moderate Penetration Rates Make the Market Lucrative
  - Favorable Regulatory Climate
  - Rising Headcount Investment
  - Companies Working on Image Building Exercises
- 7.3 Competitive Landscape
- 7.4 Market Forecast
8. Chinese Recruitment Market
- 8.1 Market Overview
- 8.2 Key Trends
  - MNCs Remain Optimistic in China Despite Decline in Hiring Plans
  - China Crisis for Talent
  - Chinese Graduates Struggling with Slim Job Market
  - Online Spending is Expected to Grow Rapidly in China
  - Foreign Capital Pushes into Chinese Recruitment Market
  - Employees Want Quick Career Advancement and Attractive Job Titles
- 8.3 Competitive Landscape
- 8.4 Market Forecast
9. Indian Recruitment Market
- 9.1 Market Overview
- 9.2 Key Trends
  - Trade Liberalization Leads to Increase in Manpower Demand
  - E-Recruitment - Major Growth Driver
  - Talent Crunch to Impact Recruitment Agencies
  - High Attrition Rate
  - Employee Referral Websites
  - Recruitment Process Outsourcing in India
  - Payrolling - An Alternative to Layoffs
- 9.3 Competitive Landscape
- 9.4 Market Forecast
10. Market Outlook - Expert Opinion
11. Company Profiles
- 11.1 Adecco
  - Overview
  - Business Strategies
  - Focus on Emerging Markets
  - Margin-focused Strategy
- 11.2 Randstad
  - Overview
  - Business Strategies
  - Strategic Acquisition of Vedior
  - Brand Strategy
- 11.3 Manpower
  - Overview
  - Business Strategies
  - Permanent Recruitment Exposure
  - Restructuring Initiative
  - Split of Offices into SMB
- 11.4 Kelly Services
  - Overview
  - Significant Developments
  - Partnership with Ariba & Certiport
  - Expansion in Portugal
- 11.5 Allegis Group
  - Overview
  - Significant Developments
  - Renaming of its Divisions
  - Purchase of TVA Infotech
  - Acquisition of Major, Lindsey & Africa
- 11.6 Hays Plc
  - Overview
  - Financial Performance
List of Tables
- SIC Classification of Staffing Industry
- Global Market Segmentation by Region (2007)
- Global Specialist Recruitment Market by Region (2007)
- Temporary Market Vs Permanent Market
- Global Penetration Rate Forecast by Region (2005/25E)
- Growth Forecast of Staffing Markets by Region (2005/25E)
- Change in Temporary Employment in US (2008-09)
- US Staffing Industry Growth by Segments (2007)
- US Staffing Growth in Professional Market by Segments (2006-08)
- US Recruitment Market Ranking (2007)
- US Online Recruitment Market Share (2007)
- Canadian Employment Figures by Sector (2008-09)
- Canadian Monster Employment Index (2007-08)
- UK Recruitment Market Share (2007)
- Temporary Job Market: China Vs India
- Online Ad Spending in China (2006/10E)
- India Hiring Outlook by Sector (2008-09E)
- India Hiring Outlook by Region (2008-09E)
- Geographical Breakdown of Sales of Staffing Companies (2007)
- Adecco - Sales Growth by Region (2008-10E)
- Randstad - Sales Growth by Region (2008-10E)
- Manpower - Sales Growth by Region (2007-08)
- Manpower - Increasing Exposure of Permanent Recruitment (1999/07)
- Efficiency Statistics of Major Global Staffing Firms (2007)
- Kelly Services - Revenue by Segment (2006-08)
List of Charts
- Value Chain of Staffing Industry
- Global Recruitment Market Value (2001-07)
- Global Recruitment Market by Region (2007)
- Global Recruitment Market by Segment (2007)
- Global Penetration Rate Comparison by Region (2007)
- US Annual Temporary & Contract Staffing Employment (2002-07)
- US Temporary and Contract Staffing Industry Sales (2002-07)
- US Staffing Industry Sales by Segment (2002-07)
- US Staffing Industry Breakdown (2008E)
- US Temporary Staffing by Skill (2008)
- US Employment Service Revenue Forecast by Type (2012)
- US Job Growth Forecast by Sector (2016)
- Canada - Operating Revenue of Employment Services Industry (2001-06)
- Canada - Operating Revenue Breakdown by Province (2006)
- Canada - Sales Breakdown by Segment (2006)
- Canada - Comparison of Operating Metrics of Top 20 Firms (2006)
- German Recruitment Market Size (2004-07)
- German Recruitment Market Growth (2000-07)
- Germany: GDP Growth Vs Staffing Growth (2001-07)
- German Recruitment Market Penetration Rate (2000-07)
- Employment Profiles: Germany Vs UK and France
- German Recruitment Market Share
- UK Recruitment Market Size (2006-08)
- France GDP Growth Vs Temporary Staff Numbers (2001-07)
- France Staffing Market Growth (2007-08)
- French Temporary Employment Numbers (2001-07)
- French Recruitment Market Penetration Rate (2002-07)
- French Recruitment Market Share
- Chinese Online Recruitment Market Share (2008)
- Chinese Recruitment Market Forecast (2006-09E)
- Chinese Online Recruitment Market Forecast (2006-09E)
- Indian Recruitment Market Value (2001-06)
- Indian Recruitment Market - Competitive Scenario
- Largest Staffing Firms by Revenues (2007)
- Adecco - Emerging Markets Sales by Geography (Q308)
- Hays - UK & Ireland Sales by Specialist Activity (2008)