Recruitment process is crucial to any organization’s performance. Size of the organization, employment situation in an economy, salary structure, working conditions and growth rate of a body are some factors which play a significant role in making the staffing or recruitment process successful. This recruitment process can be done via internal or external sources.
The global recruitment market is being looked upon with a positive outlook due to increasing labor flexibility and proliferation of social online platforms for recruitment in all major regions. Temporary recruitment is becoming the most offered job globally and it is highly correlated with an economy’s Gross Domestic Product (GDP). The temporary recruitment penetration rate (TRP) is reaching its peak in all regions owing to the changing dynamics because temporary recruitment offers flexibility, training and offers ample amount of opportunities for those in need for job change.
The global recruitment market growth will be driven by rising volume of mergers and acquisitions, declining rate of unemployment, increasing penetration of temporary recruitment, growth of industrial production and intensifying involvement of social media and online job platforms.
The major trends of the market includes budding new business environment, rising staffing index, demand for skilled workers and professionals, use of social networking sites and VMS & MSP usage. Challenges like declining labor force participation, and skill shortage need to be addressed so as to avoid any sort of market failures.
The research report, “Global Recruitment Market: Industry Analysis & Outlook: 2017 Edition” by Koncept Analytics provides an extensive research and detailed analysis of the market performance at present and future outlook of the global and regional market.