$20.3bn
$X.Xbn
209k
8,386
$XX.Xbn
Employment placement and recruitment firms are highly susceptible to shifts in Australia's unemployment rate, the total labour force's size and business confidence. Negative business confidence tends to reduce demand for the industry's recruitment services, reflecting a business environment wherein fewer client businesses are willing to employ additional staff. Hikes in the national unemployment rate can wreak havoc on industry growth, as clients typically advertise fewer jobs.
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $20.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Hays Specialist Recruitment (Australia) | 1,100.4 | |
RGF Staffing APEJ | 276.1 | |
Randstad Holdings | 249.3 |
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Industry revenue is measured across several distinct product and services lines, including Full-time position recruitment services, Part-time and casual recruitment services and Workforce Australia services. Full-time position recruitment services is the largest segment of the Employment Placement and Recruitment Services in Australia.
A falling unemployment rate has lifted demand for full-time position recruitment services
Industry firms provide personnel search, selection, referral and placement services to fill permanent work positions. Industry firms may supply services to the potential employer or the prospective employee. For the employer, services can involve all aspects of the recruitment process, including formulating job descriptions, screening and testing applicants, and checking references. Services for the employee include job-search assistance and training.
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ANZSIC 7211 - Employment Placement and Recruitment Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry has expanded recently, with new firms entering the market and industry employment rising. A tumbling unemployment rate has contributed to higher demand despite p...
Learn about an industry's products and services, markets and trends in international trade.
Recruitment agencies provide various employment and recruitment services for client companies that require permanent, part-time and temporary employees. Many larger agencies ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The geographic distribution of employment placement and recruitment firms generally follows that of the population and economic activity, particularly business numbers. That’...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Market concentration remains low. Small and medium-size agencies tend to specialise in niche areas and often operate in particular geographic regions.
Learn about the performance of the top companies in the industry.
The industry is highly fragmented. Hays Specialist Recruitment is the only player in the industry that has amassed a market share of over 5.0%.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The national unemployment rate has made employment placement and recruitment firms' revenue fluctuate. Demand has rebounded in line with a lower unemployment rate.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Industrywide profitability has climbed in recent years. Falling purchase costs and a low unemployment rate supported profitability across the industry.
Including values and annual change:
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Employment Placement and Recruitment Services industry in Australia is $20.3bn in 2024.
There are 8,386 businesses in the Employment Placement and Recruitment Services industry in Australia, which has grown at a CAGR of 2.2 % between 2019 and 2024.
The market size of the Employment Placement and Recruitment Services industry in Australia has been growing at a CAGR of 1.7 % between 2019 and 2024.
Over the next five years, the Employment Placement and Recruitment Services industry in Australia is expected to grow.
The biggest companies operating in the Employment Placement and Recruitment Services market in Australia are Hays Specialist Recruitment (Australia), RGF Staffing APEJ and Randstad Holdings
Full-time position recruitment services and Part-time and casual recruitment services are part of the Employment Placement and Recruitment Services industry.
The company holding the most market share in Australia is Hays Specialist Recruitment (Australia).
The level of competition is high and increasing in the Employment Placement and Recruitment Services industry in Australia.