subject: Global Recruitment Market Report: 2009 Edition - Market Research Reports On Aarkstore Enterprise [print this page] The deteriorating global economic environment would significantly impact the recruitment market in 2009. Even in countries expecting GDP growth in 2009, the impact of the financial slowdown is restricting recruitment. A key challenge for staffing firms is dealing with the growing number of job applicants.
In the US, temporary employment declined by 76,000 jobs in January 2009, the 24th monthly reduction in temporary jobs over the last 25 months. The decline of 22.7% on a year-over-year basis was the largest decline since 1990. In Canada, employment fell by 129,000 in January 2009, driving the unemployment rate up to 7.2%. UK GDP growth is forecast to decline by 1.3% in 2009. In France too, the macro-economic environment is weakening faster than what was expected.
The publicly traded staffing companies have seen their share prices fall drastically. Analysts have downgraded the forecast earnings for these companies.
Global staffing companies feel they are in a better position than smaller companies to manage the current crisis. Smaller staffing agencies are more vulnerable to an economic recession because they depend on high margins to ensure profitability.
However, recruitment agencies remain optimistic. They are adopting techniques to manage the crisis. They are training consultants and targeting new businesses. They are also evaluating their business models and focusing on cost cutting measures. Staffing companies are trying to achieve their targets with a smaller client base.
Recruiters with better geographical as well as sector diversification are in a better position to handle the financial downturn. Recruitment companies are strengthening their position in emerging markets such as Eastern Europe, India, Latin America and Asia. The focus on these markets is becoming an integral part of their long-term strategy. The increasing penetration of temporary staffing is creating potential opportunities for staffing companies in these emerging economies.
Most recruitment agencies believe that there would be a clear picture of industry outlook after the first quarter of 2009.
The report analyzes the global recruitment market, with focus on US, Canada, Germany, UK, France, China and India. It analyzes the regional market size, key trends and market forecast. Apart from providing a competitive landscape of the market, the report also profiles the major staffing companies, with a discussion of their key business strategies and significant developments.
Table of Contents :
1. Industry Snapshot
1.1 Industry Definition
1.2 SIC Classification
1.3 Value Chain
2. Global Recruitment Market
2.1 Market Overview
2.2 Market Size
Market Value
Market Segments
Market by Region
2.3 Key Trends
Permanent Market - More Cyclical
Low Penetration Rates in Emerging Markets
2.4 Market Forecast
3. United States Recruitment Market
3.1 Market Overview
3.2 Market Size
Market Value
Market Segments
Market Growth
3.3 Key Trends
Impact of Economic Slowdown on Smaller Staffing Companies
Flexibility in Working Environment
Staffing Spending to Slow
Temporary Staffing Demand Trend
3.4 Competitive Landscape
Market Ranking
Online Market Share
3.5 Market Forecast
4. Canadian Recruitment Market
4.1 Market Overview
Employment Services Sales
Market by Province
4.2 Key Trends
Bill to Regulate the Industry
Attracting and Retaining Skilled Talent
Online Recruitment Trend
Foreign Worker Recruitment to Decline
4.3 Competitive Landscape
4.4 Market Forecast
5. Germany Recruitment Market
5.1 Market Size
Market Value
Growth Rate
5.2 Key Trends
Healthcare Leading in Online Recruitment Demand
Staffing Growth Leads GDP Growth
Low Penetration Rates in Germany
Market Potential in Professional Staffing
Temporary Work Driving Industry Growth
5.3 Competitive Landscape
5.4 Market Forecast
6. United Kingdom Recruitment Market
6.1 Market Overview
Market Value
6.2 Key Trends
Permanent Placement An Important Revenue Source
New and Small Companies Face Stiff Competition
Skills Shortages to Continue
High Staff Turnover Concerns Clients
Recruitment Staff Shortages
6.3 Competitive Landscape
6.4 Market Forecast
7. France Recruitment Market
7.1 Market Overview
Market Value
Growth Rate
7.2 Key Trends
Moderate Penetration Rates Make the Market Lucrative
Favorable Regulatory Climate
Rising Headcount Investment
Companies Working on Image Building Exercises
7.3 Competitive Landscape
7.4 Market Forecast
8. Chinese Recruitment Market
8.1 Market Overview
8.2 Key Trends
MNCs Remain Optimistic in China Despite Decline in Hiring Plans
China Crisis for Talent
Chinese Graduates Struggling with Slim Job Market
Online Spending is Expected to Grow Rapidly in China
Foreign Capital Pushes into Chinese Recruitment Market
Employees Want Quick Career Advancement and Attractive Job Titles
8.3 Competitive Landscape
8.4 Market Forecast
9. Indian Recruitment Market
9.1 Market Overview
9.2 Key Trends
Trade Liberalization Leads to Increase in Manpower Demand
