Industry Analysis & Industry Trends
Over the past five years, operators in the Employment and Recruiting Agencies industry have had to contend with the recession's lingering effects, which have a induced a decline in the number of available positions for job seekers. The industry has evolved through the continued use of online resources and improvements to technology. In the five years to 2019, industry operators are anticipated to benefit from an improved labour market.
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Industry Report - Starting a New Business Chapter
The Employment and Recruiting Agencies industry has relatively low barriers to entry. In terms of regulations, employment agencies must be licenced; however, the process only requires a basic application and licensing fee that is typically between two and three hundred dollars. The licence allows the business to charge for the provision of its services. In addition, the industry has a very low level of capital intensity. New entrants could provide services from a home office with little more than computer and telephone access.
Furthermore, the industry has a low level of market share concentration as a result of the ease with which companies may enter and exit the industry... purchase to read more