Industry Analysis & Industry Trends
Over the past five years, the nature of the industry's services has evolved through the continued use of online resources and improvements to technology. Operators have learned to harness these online resources to their advantage by implementing their own online tools, resources and employment networks for individual and corporate clients. In the next five years, the unemployment rate is forecast to steadily decline and corporate profit is expected to increase, boosting demand for industry services... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Employment and Recruiting Agencies industry is in the mature phase of its life cycle. The industry is largely cyclical and moves based on the performance of the broader economy. The industry's swift recovery in 2012 resulted in slightly higher industry volatility early on in the five-year period to 2015. During the 10 years to 2020, industry value added (IVA), the industry's contribution to the overall economy, is expected to grow at an average annual rate of 3.1%. Gross domestic product (GDP) for Canada is expected to grow at an annualized rate of 2.2% during the same period.
Typically, companies that grow faster than the broader GDP growth are not considered to be in the mature stage of their life cycle... purchase to read more