Employment Services Market Forecast To Grow At A Higher Rate

Posted by sainath on February 14th, 2019

The Business Research Company’s employment services global market report covers the year-on-year growth of the global employment services market historic and forecast growth. It also includes chapters on the employment services market trends, geographical analysis, and competitive landscape.

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The employment services market size is expected to reach a higher value by 2022, growing at a steady CAGR during the forecast period.

Employment Services Market Trends

The employment services market consists of the sales of employment services and related goods by entities (organizations, sole traders and partnerships) that list employment vacancies and refer or place applicants for employment; provide executive search, recruitment, and placement services; supply workers to clients' businesses for limited periods of time to supplement the working force of the client; or provide human resources and human resource management services to client businesses and households.

Staffing agencies are increasingly using technology to effectively recruit and manage candidates. These technologies offer features such as passive activity tracking, integration with email platforms and maintains candidate databases. This reduces recruitment time, improves placement quality, and strengthens relationship with clients. Recruitment analytics software also provides helpful business insights for staffing agencies. For example, in North America, 64% of firms use technologies such as an applicant tracking system (ATS) to track candidate activity and about 60% firms use a customer relationship management (CRM) system for business development.

The global employment services market is primarily driven by the availability of skilled workforce, and increased regulatory compliance with respect to employment.

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The global employment services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With the increasing application of big data analytics, the global employment services market is expected to increase in potential and scope. TBRC’s report also covers the employment services drivers and restraints in the market.

The global employment services market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global employment services market report are Adecco S A, Randstad Holding NV, Manpower Inc., HireRight LLC, and Sterling Talent Solution.

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