Learn about the global employment services market through The Business Research Company, which provides information on employment services market size, employment services market drivers and restraints, employment services market players, the COVID-19 impact on the employment services market, and more.

The global employment services market size is expected to grow from $1415.24 billion in 2021 to $1599.97 billion in 2022 at a compound annual growth rate (CAGR) of 13.1%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The employment services market is expected to reach $2512.51 billion in 2026 at a CAGR of 11.9%.

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The employment services market consists of sales of employment services and related goods by entities (organizations, sole traders and partnerships) that list employment vacancies and refer or place applicants for employment; provide executive search, recruitment, and placement services; supply workers to clients’ businesses for limited periods of time to supplement the working force of the client; or provide human resources and human resource management services to client businesses and households.

Global Employment Services Market Segments Include:
By Type: Employment Placement Agencies, Executive Search Services, Temporary Help Services, Professional Employer Organizations

By Vertical: Banking and Financial, Engineering, Medical, Information and Technology, Others

By Mode: Online, Offline

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the employment services market in 2021.

Executive search services companies and recruitment agencies are increasingly relying on artificial intelligence to simplify recruitment process. Recruitment process involves screening of profiles from a large applicant pool which is time consuming. Artificial intelligence can automate this process for effective screening and assessment of candidates. Additionally, artificial intelligence powered chat bots are being used for initial communication with job applicants and scheduling interviews.

TBRC’s employment services market report covers:

Major Market Players: Randstad Holding NV, Adecco Group, Recruit Holdings, ManpowerGroup Inc., Hays Plc, Kelly Services Inc, ADP LLC, Insperity, Inc., Robert Half International Inc. and Korn Ferry.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Employment Services Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides employment services market overviews, analyses and forecasts market size, share, employment services market players, employment services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s employment services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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