Global Personnel Services Market to Reach US$319 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Personnel Services Industry. Global personnel services market is yet to witness a complete revival of the employment sector as major employers continue to follow the cost cutting practices of freezing on new hirings and lay offs. More importantly, the continuing trend of employers bypassing employment agencies for recruitment processes is expected to haunt personnel service providers for some time to come. Personnel services market players are eagerly looking forward for a renewed pattern of demand once the employment sector sets into a state of complete recovery.

Personnel Services: A Global Outlook

Follow us on LinkedIn – The personnel services, also referred as Human Resources, are expected to be one of the fast paced industries, creating a sizable chunk of employments. From the position of providing primarily clerical employments, the personnel employment agencies evolved to offer millions of permanent and temporary jobs, in a wide range of industries, ranging from the manufacturing worker to the chief executive jobs. The global personnel services industry continues to cope with increasingly complex challenges emerging due to rapid liberalization and globalization of economies across the world in addition to sluggish market demand.

Basic demographic, economic and social trends generate unique issues that add to the plethora of challenges in this industry. Therefore, the staffing industry is highly competitive, exhibiting varied trends in the global marketplace, such as increasing demand for skilled personnel and consolidation among customers in the industry. Owing to the uncertain state of the economy, organizations are being more cautious and selective in their hiring activity and are choosing temporary workers over permanent full-time staff. Firms are also increasingly outsourcing various HR functions including payroll, employee management, employee benefits processing, and employee recruitment to service providers that streamline business processes, and offer integrated performance benefits. Europe of late has emerged as the leading region for recruit process outsourcing.

Employment services are among the most adversely affected markets on account of the recent economic crisis. Since cost cutting measures by organizations also included bypassing employment agencies to conduct direct recruitment process, revenues of employment service companies declined drastically across most of the developed countries. Even in developing countries, the rate of new job creation slowed down from the robust rates in the preceding years. Worldwide employment services market is highly competitive and extremely fragmented. The fragmented nature of the industry creates a situation wherein entry barriers are minimal. Liberalization of world economies and entry of multinational companies has paved the path for increased competition in different regional markets.

The research report titled “Personnel Services: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry with an on-the-fly focus on staffing services, and details noteworthy trends and issues. Punctuated with data-rich tables that carry both historical as well as current analytic information, the report aims to provide statistical insight into the market dynamics of personnel services industry and its segments. The report also offers a recapitulation of noteworthy mergers & acquisitions, and strategic corporate developments. Regional markets elaborated upon include United States, Canada, Japan, Austria, Belgium, France, Germany, The Netherlands, The UK, Australia, China, Hong Kong, India and Singapore. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Personnel_Services_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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