July 2, 2012

HR and Employment Service Industry to Increase Value to a Half Trillion Dollars

global marketIn Research and Markets’ Global Human Resources Employment Services report, the HR Employment services industry is forecast to grow to a value of $490.1 billion by the end of 2016. The market surveyed consists of revenues received from temporary staffing, search and placement, and corporate training services performed by third-party providers. Not included are independent contracting and employee leasing. The companies listed in the report as leading the charge include: Adecca SA, Kelly Services, Inc., ManpowerGroup, and Randstad Holding.

Key highlights of the report include:

• The global market for the human resource employment services industry had total revenues of $377.1 billion in 2011, representing a -3.4 percent rate decrease between 2007 and 2011.

• The most lucrative segment was temporary staffing reporting revenues of $271.1 billion or 71.9 percent of the entire market’s value.

• Market performance is expected to accelerate at a compound annual growth rate of 5. Percent for the period between 2011 and 2016. At this rate the market is forecast to be valued at $490.1 by the end of 2016.

The full report contains an industry profile describing key financial metrics and an analysis of the competitive pressures within the market. The report also gives market size and segmentation data, textual and graphical analysis of market growth trends, and macroeconomic information. To view the report in full visit ResearchandMarkets.com/research.

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Joshua Bjerke, from Savannah, Georgia, focuses on articles involving the labor force, economy, and HR topics including new technology and workplace news. Joshua has a B.A. in Political Science with a Minor in International Studies and is currently pursuing his M.A. in International Security.