1. Market Research
  2. > Business Services Market Trends
  3. > Human Resources

Human Resources Market Research: Latest Industry Reports, Trends & Stats

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
28 votes

Global Human Resources Industry Analysis 

The world human resource and employment services industry is a part of the global business services industry. Temporary staffing services represent the leading HR market segment, exceeding $256 billion, or more than 70% of the overall market.

Koncept Analytics reports there are two key categories within the recruitment industry: general and professional staffing on one hand, and then outsourcing, temporary and permanent staffing on the other. General staffing predominantly involves lower wage, less-skilled workers, and is the most common type of staffing. It also encompasses professional staffing, which involves professionals with a broader skill set earning a higher wage.

The EU represents the largest regional market within the global recruitment industry, with North America representing the second-largest region. The market has expanded due to the advantages it affords companies such as expertise, a wide potential candidate base, and a large network.

HR Key Market Segments

The world human resource outsourcing (HRO) industry is characterised by a high degree of fragmentation. Market growth is fuelled by demand for HRO services to boost efficiency and secure scalable operations. The economic recession has brought cost reduction to the fore, making it important for companies to review business strategies with HR expenses in mind. Among the business functions that are outsourced by companies, payroll is one of the most externalised due to the need for accuracy regarding this complex function. HR benefits administration, in particular, is commonly outsourced due to its high degree of complexity. Benefits represent an increasingly difficult business function within HR because of ongoing technological developments, rising healthcare costs, the need to comply with changing regulations, and the increasingly multifaceted area of retirement, welfare, and health plans. Asia is the fastest-growing region within the benefits administration market segment. Leading companies operating in the HRO market include TriCore, Accenture, A Xerox Company, IBM Global Business Services, Fidelity Management and Research, Ultimate Software Group, Talx, Paychex, Adecco, Ceridian, Genesys, Automatic Data Processing, and Hewitt Associates.

The global employment services market growth will be fuelled by the economic recovery in the short term, and by globalisation and development of emerging economies in the long run. The EU dominates the market. Asia-Pacific is expected to record the highest yearly rate of market growth. Developing economies in Latin America, Eastern Europe, and Asia-Pacific are attracting employment service providers due to their huge growth potential. Construction and manufacturing generate the highest percentage of revenue in the overall market. The industry is characterised by intense competition and a high degree of fragmentation. Leading companies operating in the employment services market include CDI, Beijing Foreign Enterprise Human Resource Service, Pasona, Synergie, China International Intellectech, Manpower, Randstad Holding, China International Talent Development Center, Adecco, Poolia, Monster Worldwide, 51job, ESI International, Korn/Ferry International, and Kelly Services.

HR Industry Leaders

The seven leading outfits operating in the global recruitment market generate around 25% of revenue. Adecco is the leading company in the market, followed by Randstad. Manpower and Kelly Services are the next largest players in the industry.

Read more »

Customer Support

Talk to Sam

+1 718 303 2384

10000 Reports
Market Size, Demand, Supply
150 Statistics
Employment Rate, Number Of Employees, Number Of Enterprises, Employment Income
6700 Reports
Market Size, Supply, Trade
6500 Reports
Finance, Company Financials, Company
1000 Reports
Market Size, Supply, Demand
800 Reports
Market Size, Trade, Supply
28 Statistics
Employment Rate, Number Of Employees
940 Reports
Market Size, Supply, Trade
10 Statistics
Market Size, Supply, Trade
830 Reports
Market Size, Supply, Trade
26 Statistics
Employment Rate, Employment Income
490 Reports
Market Size, Demand, Supply
660 Reports
Market Size, Supply, Trade
10 Statistics
Market Size, Supply, Trade
490 Reports
Market Size, Trade, Supply

About 600 reports

Purchase Reports From Reputable Market Research Publishers

Food Antioxidants Global Market Report 2021: COVID-19 Growth And Change

  • $ 4000
  • July 2021
  • 175 pages

Major players in the food antioxidants market are Archer-Daniels-Midland Company, BASF SE, Koninklijke DSM N.V., Kemin Industries, Inc, Eastman Chemical Company, Frutarom Ltd, Barentz Group, Camlin Fine ...

  • World
  • APAC
  • Processed Food
  • Food Ingredient
  • Industry analysis
  • Processed Food Consumption
  • Food Sales

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on