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.

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