US Recruitment Market

Content

1. Introduction 1.1 Industry Definition 1.2 Industry Segments The recruitment industry can be divided into three segments with either public or private ownership: Employment Placement Agencies Temporary Help Agencies Professional Employer Organizations 2. Market Dynamics 2.1 Market Overview The US is one of the largest recruitment markets with an estimated value of US$77.3 billion in 2005. 2.2 Market Trends Increasing Demand for Temporary/Contract Workers Increasing Online Recruitments Mergers and Acquisitions in the Staffing Industry Temporary Staffing Demand Rise in Health Care 2.3 Key Drivers Growth in Temporary Recruitment Market Use of Internet Integrated HR Services Outsourcing of Jobs to Offshore Locations 2.4 Major Issues and Implications Decline in Permanent Recruitment Market Short Term Recruitment 3. PEST Analysis 3.1 Political Factors Laws to Control Discrimination 3.2 Economic Factors Declining Unemployment Rate Rise in Average Hourly Earnings 3.3 Social Factors Focus on Older Workers Emergence of Portfolio Careers 'Sandwich Generation Seeks Flexible Working Style 3.4 Technological Factors Efficient Database Management Integration of Mobiles/PDAs 4. Porter's Five Forces Analysis 4.1 Buyers Power Clients Expectations from Recruitment Firms Demand/Supply Gap of Workers 4.2 Suppliers' Power Supply of Manpower Large Number of Software Solution Providers 4.3 Intensity of Rivalry High Level of Fragmentation Specialized Services by Recruitment Firms 4.4 Threat of New Entrants Low Barriers to Entry 4.5 Threat of Substitutes Alternative Methods of Recruitments Employee-Referral Complements Traditional Recruitment Methods 5. Competitive landscape Companies profiled in this section have been divided into those which provide temporary help services and the others which provide permanent placements. The four companies which have been analyzed are: Adecco SA Kelly Services Manpower Inc Korn/Ferry Int 5.1 Competitive Positioning Competitive positions have been compared based on: Revenues Assets Presence in Countries Employee Strength Geographic Segments 5.2 Competition Strategies The section talks about the strategies followed by Adecco, Kelly Services, Manpower and Korn/Ferry 5.3 Financial Analysis 5.3.1 Income Statement Analysis The income statement analysis is based on revenues, gross margin, operating margin and profit margin 5.3.2 Balance sheet Analysis Analysis is done using of liquidity ratios and performance ratios 5.4 Stock Performance The section compares stock performance of Adecco, Kelly Services, Manpower and Korn/Ferry over a 1-year period 6. Industry Outlook Recruitment services ranks among the fastest growing industries in the US and is expected to gain about 1.6 million new jobs over the 200414 projection period. Wage and salary employment in the recruitment services industry is expected to grow 45.5% over the same period. Appendices Appendix I International Conferences and Annual Meetings Convention and Exhibition: Staffing World 2006 Conference and Exhibition: Recruiting 2006 Conference and Expo Conference: Talent Acquisition and Staffing Summit Appendix II Industry Associations and Organizations American Staffing Association National Association of Personnel Services National Association of Professional Employer Organizations List of Tables/Figures Tab 1.1 Industry Definitions Tab 2.1 Monster Local Employment Index (2005-2006) Tab 3.1 Unemployment Rate (2004-2006) Tab 4.1 Supply Chain Tab 5.1 Key Players, Global Cross Section (2004) Tab 5.2 Competitive Positioning (2005) Tab 5.3 Investment Priorities Tab 6.1 Projected Growths of Wage and Salary Workers in Recruitment Services by Occupation (2004-2014) Fig 1.1 Industry Segments Fig 2.1 US Recruitment Market (2005) Fig 2.2 US Temporary Recruitment Market (1995-2005) Fig 2.3 Completed M&A Transactions in US Staffing Industry (2001-2005) Fig 3.1 Average Hourly Earnings (2006) Fig 4.1 Porters Five Forces Model Fig 5.1 Manpower System Wide Offices (2001-2005) Fig 5.2 Revenue (2004-2005) Fig 5.3 Gross Margin (2004-2005) Fig 5.4 Operating Margin (2004-2005) Fig 5.5 Profit Margin (2004-2005) Fig 5.6 Current Ratio (2004-2005) Fig 5.7 Quick Ratio (2004-2005) Fig 5.8 Return on Assets (2004-2005) Fig 5.9 Return on Equity (2004-2005) Fig 5.10 Stock Performance (Jan 2005-Jun 2006)