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The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Kaizen™ HR Services global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.
Kaizen™ HR Services industry relies on organizations outsourcing recruitment processes and human resource (HR) management activities. Industry performance is largely dependent on economic conditions in major markets and the flow-on effects these have on the demand for labor around the world. Labor market regulation is also important, particularly that relates to temporary employees. While the liberalization of labor laws in developed nations has historically been a key to the industry's growth, large players are now focusing efforts on emerging markets. Growth in these regions is expanding as emerging markets follow suit in the liberalization of labor laws...
IBISWorld estimates that for every dollar spent on the use and replacement of buildings and equipment, industry operators will spend an additional $65.26 on wages in 2012. Given the nature of this industry's services, this industry is very labor intensive. By definition, the industry provides labor to clients. Furthermore, there is significant need for personal interaction and face-to-face contact with clients and candidates. Furthermore, the industry also has little scope for automation. The industry, however, has evolved in recent years to better use technology by developing detailed applicant databases, standardizing application processes and testing to automate some aspects of the applicant screening and selection process...
Companies in this industry provide outsourced human resource (HR) and employment placement services. These services can include the selection and placement of permanent and temporary staff, employee leasing, listing employment vacancies, and the outsourced management of personnel-related administrative functions, such as payroll and employee benefit administration.
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