Ciett: Global recruitment industry sees 8.6% annual growth

The global employment and recruitment industry saw annual growth of 8.6% with sales revenues of €450bn (£348.5bn) in the last year, according to the international confederation of private employment services (Ciett’s) 2016 economic report.

Mon, 14 Mar 2016

The global employment and recruitment industry saw annual growth of 8.6% with sales revenues of €450bn (£348.5bn) in the last year, according to the international confederation of private employment services (Ciett’s) 2016 economic report.

The report, published today, also reveals agency work grew 12% year-on-year, representing 70% of the sector’s revenues. Permanent recruitment delivered 11% of revenues at €48bn, while recruitment process outsourcing (RPO) represents 6% of sales at €27bn, and other HR services brought in 13% of revenue.

While the sector is expanding, agency workers represent just 1.6% of the global working population. The highest share of agency workers in larger markets stands at 3-4%. 

Around 90% of global industry revenues come from the top 10 markets. China is the largest market followed by the US, UK, Germany, France, Japan, Brazil, Australia, Canada and the Netherlands.

FINANCIALS: US ClearStar reveals rise in revenues

US background checking firm ClearStar has seen revenues rise 11% year-on-year, according to its 2017 results.

Financials 17 April 2018

NEW TO THE MARKET: 16-20 APRIL 2018

This week’s launches include: Airport Placements Ltd, Airswift, Arctic Shores, Berwick Partners, Coresco, GBG, Heidrick & Struggles, HR Certification Institute, Insight Global, Microdec

New to Market 17 April 2018
Tech and Tools Video Conferencing iStock

Video-led interviewing

The latest megatrend or still to get going?

16 April 2018

Workforce Staffing helps ex-Toys R Us staff back to work

Dozens of staff facing unemployment, following the closure of the Toys R Us Coventry distribution centre, have been helped back into work by local recruiter Workforce Staffing.

16 April 2018
Top