Good job: Improving economic conditions and lower unemployment fuel revenue growth

The industry has performed strongly over the past five years. Improvements in economic conditions, strong growth in Ireland's IT sector and a steady fall in the unemployment rate increased demand for recruitment services and supported revenue growth. Meanwhile, technological advances and the growing popularity of business-related networking sites also had a major influence on the industry, as operators shifted a large part of their work online. Industry revenue is expected to increase at a compound annual rate of 12.6% over the five years through more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Falling unemployment contributed to rising industry revenue over the past five years
  • Technological advances have encouraged firms to move key parts of their work online
  • Financial services firms could expand operations in Ireland once Britain leaves the European Union, boosting demand
  • Industry Report - Industry Key Buyers Chapter

    The industry has a low level of market share concentration, with the top four firms estimated to have a combined market share of less than 10% in 2018. Although many of the world's leading employment placement agencies, such as Hays and Robert Walters, have a presence in the Republic of Ireland, they all have low market shares. The industry also comprises a large number of domestically owned small employment placement agencies working alongside these global heavy heavyweights.The larger firms operating in the industry provide recruitment services to clients in a broad range of industries. For instance, Hays recruits candidates for positions in various fields, ranging from accountancy and finance to construction, IT, education and health care. How...purchase to read more.

    Additional Insights for the Employment Placement Agencies Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Employment Placement Agencies Industry are

  • Ability to pass on cost increases
  • Access to highly skilled workforce
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as National unemployment rate and Business sentiment index in the Employment Placement Agencies industry impact industry performance..

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    What's in this report

    What is the Employment Placement Agencies in Ireland Industry?

    Employment placement agencies operating in the industry list employment vacancies, refer applicants to jobs or directly place them in permanent employment. The individuals referred or placed are not employees of the employment agency. The activities of online placement agencies are also included in the industry.

    Industry Products
  • General recruitment
  • Executive and management recruitment
  • Human resources strategy and consulting
  • Industry Activities
  • Listing employment vacancies
  • Referring and placing applicants in permanent employment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • National unemployment rate
  • Business sentiment index
  • Public sector employee compensation
  • Labour productivity

  • Current Performance
    Falling unemployment facilitates expansionTechnological advancesMargins improve
  • Chart: Revenue Growth

  • Industry Outlook
    Demand conditionsEU referendum uncertaintiesRegulatory changes
  • Table: Employment Placement Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Employment Placement Agencies Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Banks in Ireland
  • Accountancies and Tax Consultants in Ireland
  • Primary Education in Ireland
  • Hospitals in Ireland

  • Key Selling Industries
  • Information and Communication Equipment Wholesaling in Ireland
  • Office Furniture Wholesaling in Ireland

  • Products & Services
  • General recruitment
  • Executive and management recruitment
  • Other
  • Human resources strategy and consulting
  • Chart: Employment Placement Agencies Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other
  • Financial services sector
  • Public sector
  • Professional and scientific industries
  • IT and technology sector
  • Manufacturing industries
  • Chart: Major Market Segmentation for the Employment Placement Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Subcontracted labour
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Employment Placement Agencies

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Employment Placement Agencies Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Employment Placement Agencies Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Employment Placement Agencies Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Transactions that take place from one business to another.
  • Chatbots
  • Chatbots are computer programs built to automatically engage with received messages.
  • Human Resources
  • A business department that deals with hiring, administration and training employees.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Employment Placement Agencies in Ireland market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Employment Placement Agencies in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Employment Placement Agencies in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Employment Placement Agencies in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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