Employment Placement Services in Australia Industry Market Research Report Now Updated by IBISWorld

Australia bypassed the worst of the global financial crisis, which has meant its effect on the Australian Employment Placement Services industry has been mild compared with its international counterparts. Australia's rise in unemployment was relatively small in 2008-09 and 2009-10, and quickly began to reverse in subsequent years, with demand for employment placement services rebounding strongly in 2010-11. Employment demand remained strong in 2011-12, and is expected to continue through 2012-13. For these reasons, industry research firm IBISWorld has updated its report on the Employment Placement Services industry in Australia.

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IBISWorld Market Research

IBISWorld Market Research

Australia's unemployment rate is expected to remain low

Melbourne, Australia (PRWEB) October 18, 2012

Australia bypassed the worst of the global financial crisis, which has meant its effect on the Australian Employment Placement Services industry has been mild compared with its international counterparts. Australia's rise in unemployment was relatively small in 2008-09 and 2009-10, and quickly began to reverse in subsequent years, with demand for employment placement services rebounding strongly in 2010-11. According to IBISWorld Industry analyst Alen Allday, “employment demand remained strong in 2011-12, and is expected to continue through 2012-13”. IBISWorld estimates industry revenue will increase an annualised 2.9% over the five years through 2012-13 to $2.73 billion. In 2012-13, industry revenue is expected to increase 4.1%, as Australia's unemployment rate remains low and strong demand for mining, resources, health, trade and administration positions continues. Despite uncertainty among international global clients and reduced business confidence in the United States and Europe, the Employment Placement Services industry is expected to increase strongly in 2012-13 due to greater demand in permanent recruitment services and an increase in client-paid net fees.

As the Australian economy continues to stabilise over the five years through 2017-18, industry revenue is forecast to increase. “This will be driven by increased economic activity, a strengthening labour market and the provision of a wider range of employment placement services online”, says Allday. Greater external competition from on-line business networking sites, such as LinkedIn, is expected to have a small negative effect on the industry in future years as incumbent firms develop complementary services and other additional recruitment services and processes.

IBISWorld estimates that the Employment Placement Services industry in Australia has a medium level of market share concentration. Industry concentration increased over the past five years via acquisitions by major players, and organic growth. This trend is expected to continue in the next five years as the larger companies continue to become more dominant and increase their market share levels. As well as several large companies operating within the industry, there are many small and medium-size firms in the industry that tend to specialise in niche areas and often operate in a particular geographic region. This is in contrast to the larger firms that operate nationally and internationally, and which often have international links, offering a full range of services across the entire economy. The top four players in the industry are Hays Specialist Recruitment, Chandler Macleod Group, Hudson Global Resources and Manpower Services.

For more information, visit IBISWorld’s Employment Placement Services report in Australia industry page.

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IBISWorld industry Report Key Topics

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.


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