Outplacement Services in Australia Industry Market Research Report Now Updated by IBISWorld

The Outplacement Services in Australia industry has endured an overall revenue decline over the past five years due to low unemployment. For this reason, industry research firm IBISWorld has updated its report on the Outplacement Services industry in Australia.

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IBISWorld Market Research

IBISWorld Market Research

Outplacement services demand is higher during periods of adverse economic conditions, particularly when large companies are letting staff go.

Melbourne, Australia (PRWEB) December 15, 2013

Outplacement client companies generally engage a firm from the Outplacement Services industry in Australia during a restructuring and a period of staffing lay-offs. The client company will pay the outplacement company a fee to provide industry services to staff facing a career transition or employment change. These services are therefore provided at no charge to the employee. The sponsored employee is then provided with services, such as assistance to find another position, career guidance, resume writing advice, interview skills and other related services. These can be carried out within the client's premises or off-site at facilities and locations provided by the outplacement firm. Outplacement services demand is generally higher during periods of adverse economic conditions, particularly when large companies are letting staff go. These client companies then use industry services to assist former employees find further employment, as well as reducing the possible legal recourse of sacked staff. According to IBISWorld industry analyst Alen Allday, ”in addition, outplacement services are used to protect the company's image and brand from adverse publicity that sometimes surrounding staff lay-offs and the potential for former staff to criticise the company”.

In the five years through 2013-14, industry revenue is estimated to decrease at an annualised 1.6% to reach $136.9 million. “This decline is due to the industry previously having surged in 2008-09 as the global financial crisis negatively affected many Australian businesses, leading to increased redundancies and driving demand for outplacement services,” says Allday. The was followed by an industry slump in 2010-11 as economic conditions improved, and growth in industry revenue in the subsequent two years as the unemployment rate increased. A forecast 6.7% decline in 2013-14 will be due to lower unemployment and lower industry demand.

The Outplacement Services industry exhibits a medium level of market share concentration. Major players include Audrey Page Holdings Pty Limited, Donington Group Pty Limited, Directioneering Pty Ltd, Adecco Holdings Pty Limited and Manpower Services (Australia) Pty Limited. IBISWorld projects the industry will benefit from higher unemployment levels in the next five years. Higher unemployment is forecast in 2014-15 and 2015-16 with expected cuts in the public sector and a cyclical upswing in the unemployment rate. Improved economic conditions in subsequent years are expected to result in industry declines.

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

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IBISWorld industry Report Key Topics

Outplacement companies assist former employees of downsizing firms with career and employment advice and skills to find new a new position.

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.


Contact

  • Gavin Smith
    IBISWorld
    +61 396553838
    Email