Working hard: A low unemployment rate will cause an increase in corporate profit

The Employment and Recruiting Agencies industry in Canada provides individual and corporate clients with a variety of services, including permanent placement, as well as other staffing and human resources functions. The financial success of the industry is closely connected to the broader economy and the unemployment rate in Canada. Over the past five years, the nature of the industry's services has evolved through the continued use of online resources and improvements in technology. The development of professional networking and job sites has provided applicants and employers with convenient access to one another and in some cases, has circumvented the need for employment and recruiting agencies 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

  • The industry will benefit from continued improvements in the Canadian labour market
  • Declining revenue and profit will lead to reductions in the number of industry enterprises in operation
  • Rising profit levels results in companies having more cash on hand to outsource the recruitment and hiring process
  • Industry Report - Industry Products Chapter

    The Employment and Recruiting Agencies industry in Canada consists of many small placement companies as well as major international human resource (HR) firms. While small agencies typically specialize in industry-related recruitment and job placement activities, these activities only represent a portion of the activities conducted by major HR consulting firms. Industry leader The Adecco Group, for example, performs industry-related recruitment and placement services, but these services are conducted alongside other business streamlining activities such as outsourcing, talent development, on-site solutions and outplacement services. Whi...purchase to read more.

    Additional Insights for the Employment & Recruiting Agencies Industry

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

  • Effective cost controls
  • Ability to quickly adopt new technology
  • Qualified work force
  • IBISWorld analysts also discuss how external factors such as National unemployment rate and Corporate profit in the Employment & Recruiting Agencies industry impact industry performance..

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    What's in this report

    What is the Employment & Recruiting Agencies Industry?

    Operators in this industry list employment vacancies and select, refer and place job seekers into permanent employment positions. Individuals placed into these new positions are not employees of this industry’s agencies.

    Industry Products
  • Permanent search and placement services
  • Contract staffing services
  • Outsourcing solutions and other
  • Executive staffing services
  • Industry Activities
  • Operating casting agencies or bureaus
  • Providing executive placement and consulting services
  • Operating nurse registries
  • Operating employment placement agencies
  • Operating employment registries
  • 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
  • Corporate profit
  • Consumer Confidence Index
  • Number of businesses

  • Current Performance
  • Impact of unemployment
  • Profit trends
  • Technology change
  • Chart: Revenue Growth

  • Industry Outlook
  • Employment improves slowly
  • Competition and profit
  • Technology and labour
  • Table: Employment & Recruiting Agencies Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Professional, Scientific and Technical Services In Canada
  • Healthcare and Social Assistance In Canada
  • Arts, Entertainment and Recreation In Canada

  • Key Selling Industries
  • Commercial Leasing in Canada
  • IT Consulting in Canada
  • Office Supply Stores in Canada

  • Products & Services
  • Permanent search and placement services
  • Contract staffing services
  • Outsourcing solutions and other
  • Executive staffing services
  • Chart: Employment & Recruiting Agencies Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial
  • Professional and managerial
  • Technical and IT
  • Healthcare
  • Chart: Major Market Segmentation for the Employment & Recruiting Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchases and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Employment & Recruiting Agencies

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Employment & Recruiting 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 & Recruiting 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 & Recruiting Agencies Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • National Unemployment Rate (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Job seekers that have submitted their information to an employment agency.
  • Contingency
  • Under these types of agreements, agencies are only paid for successful searches and placements.
  • Placement
  • When an agency is able to bring together a job seeker and an employer to fill a position within the employer's company.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Employment & Recruiting Agencies 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
    • Quickly build competitive intelligence
    This report on Employment & Recruiting Agencies:
    • 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 of 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 & Recruiting Agencies 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 & Recruiting Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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