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Employment & Recruiting Agencies in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Employment & Recruiting Agencies in Canada Market Research Report | NAICS 56131CA | Jun 2013

Back to work: An improving job market will drive revenue growth

IBISWorld’s Employment & Recruiting Agencies market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 08-13
-2.2%
Annual Growth 13-18
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Profit
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Employment
39,725
Businesses
1,116
Industry Analysis & Industry Trends

The Employment and Recruiting Agencies industry provides a wide-range of services to clients. Agencies provide permanent placement, temporary staffing and have begun to offer expanded human resources functions. The industry is closely tied to broader economic performance and the unemployment rate. Unfortunately for industry operators, economic conditions declined and the unemployment rate skyrocketed following the global financial crisis. Clients slashed payrolls in an effort to remain profitable, resulting in an increasing number of potential applicants, but few positions to fill. Consequently, industry revenue declined 16.1% in 2009. While the industry has showed signs of recovery more recently, its performance was not able to overcome the effects of the recession... purchase to read more

Industry Report - Industry Products Chapter

Permanent search and placement services

Permanent search and placement services are estimated to be the largest service segment within the industry, accounting for 55.0% of total industry revenue. Operators are most often asked by clients to find qualified candidates to fill permanent, full-time positions. The interview and hiring process is still completed within the client company, but operators are asked to screen and find potential employees who meet certain requirements. Once operators find qualified candidates, their names and information is typically passed along to the hiring firm. Revenue within this segment is generally received on a contingency fee basis; if the recommended individual is hired, operators typically receive a fee from the hiring company... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Employment & Recruiting Agencies Industry?

Operators in this industry primarily engage in listing employment vacancies and selecting, referring and placing application in permanent or temporary employment positions. The individuals placed into these new positions are not employees of the placement agencies.

Industry Products
Permanent search and placement servicesTemporary staffing servicesContract staffing servicesOther services
 
Industry Activities
Operating casting agencies or bureausProviding executive placement consulting servicesOperating nurses registries Operating employment placement agenciesOperating employment registries


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