Industry Analysis & Industry Trends
The performance of the Employment Placement Agencies industry is inescapably tied to the hiring intentions of businesses and thus the economic cycle. As a result, the industry has gone from boom to bust over the past five years. The industry began the period in high demand as low unemployment caused skills shortages and intense competition for quality staff. When the credit boom ended in financial crisis and tipped the economy into recession, businesses began shedding staff and workers became more reluctant to attempt to switch jobs. Labour market activity plummeted and the swing in favour of employers meant many clients were able to bring some of their recruiting needs in-house, which they were happy to do to cut costs... purchase to read more
Industry Report - Industry Products Chapter
The industry primarily provides full-time employment services and other human resources services. Companies in the industry cater to prospective employees, and employers looking to fill vacancies within their organisations. Employment agencies offer a range of services to jobseekers looking for permanent, full-time work. These include advice on job searching, applications and interview techniques, which help gauge the potential employee's suitability to particular industries or organisations. Agencies use their extensive network of vacancy listings to suitably match a jobseeker's skills with job descriptions provided by employers... purchase to read more