Applying themselves: Prevailing uncertainty is expected to reduce growth in the current year

Operators in the Employment Placement Agencies industry list employment vacancies, refer applicants to jobs or directly place them in permanent employment. The industry was at a low base at the start of the five-year period through 2018-19, after the recession led to weak economic conditions and falling business confidence levels. However, it rebounded from 2013-14, benefiting from high demand as the economy expanded. This led to strong revenue growth, with revenue estimated to rise at a compound annual rate of 6.9% over the five years through 2018-19 to reach £12.3 billion.Growth was strongest towards the beginning of the period, however, and the EU referendum result in 2016 has since reduced business more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry has rebounded over the past five years, though growth has slowed recently
  • Oil prices fell sharply at the start of the period, heavily affecting operators exposed to the oil and gas sector
  • The form of the UK’s exit from the European Union will affect demand from the financial sector
  • Industry Report - Industry Key Buyers Chapter

    The industry exhibits a low level of market share concentration and the top four players are estimated to account for 10% of industry revenue in 2018-19. Industry concentration is low because there are many niche players in the industry targeting specific sectors, as well as a large number of small operators that serve local areas. Industry operators tend to be spread out across the country in line with population distribution, with most workers seeking help from their local firms. However, market share concentration can vary significantly between market segments.In 2018, 86.2% of employment placement agencies employed fewer than 10 staff members and only 1.9% of firms employed 100 or more. This highlights the large number of small players operating in the industry. A d...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 Business confidence index and National unemployment rate in the Employment Placement Agencies industry impact industry performance..

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    What's in this report

    What is the Employment Placement Agencies Industry?

    Agencies in this 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 managerial recruitment
  • Human resources strategy and consulting
  • Industry Activities
  • Listing employment vacancies
  • Referring applicants for 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
  • Business confidence index
  • National unemployment rate
  • Labour productivity
  • Real government consumption expenditure
  • Total labour force

  • Current Performance
  • Hiring practise
  • EU-unemployment
  • External competition
  • Fluctuating oil prices
  • Profit performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Short-term slowdown
  • Industry trends
  • Financial fright
  • Online operations
  • 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
  • Manufacturing
  • Construction
  • Accommodation and Food Service Activities
  • Financial and Insurance Activities
  • Education

  • Key Selling Industries
  • Computer & Peripheral Equipment Wholesaling
  • Wholesale of Other Office Machinery & Equipment

  • Products & Services
  • General recruitment
  • Executive and managerial recruitment
  • Human resources strategy and consulting
  • Other
  • 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
    ProfitWagesSubcontracted labourPurchasesOther 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Transactions that take place from one business to another.
  • Human Resources
  • A business department that deals with hiring, administration and training employees.
  • Labour Productivity
  • A measure of the amount of goods and services made by one hour of labour.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Employment Placement Agencies market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Placement 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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