Australia Internet Vacancy Index: Trend: SA: Labourers data was reported at 38.400 Jan2006=100 in Jan 2025. This stayed constant from the previous number of 38.400 Jan2006=100 for Dec 2024. Australia Internet Vacancy Index: Trend: SA: Labourers data is updated monthly, averaging 40.200 Jan2006=100 from Jan 2006 (Median) to Jan 2025, with 229 observations. The data reached an all-time high of 104.200 Jan2006=100 in Jul 2007 and a record low of 21.100 Jan2006=100 in Feb 2020. Australia Internet Vacancy Index: Trend: SA: Labourers data remains active status in CEIC and is reported by National Skills Commission. The data is categorized under Global Database’s Australia – Table AU.G109: Internet Vacancies: by Occupation and by State.

Australia Internet Vacancy Index: Trend: NT: Professionals data was reported at 296.800 Jan2006=100 in Jan 2025. This records an increase from the previous number of 296.300 Jan2006=100 for Dec 2024. Australia Internet Vacancy Index: Trend: NT: Professionals data is updated monthly, averaging 160.000 Jan2006=100 from Jan 2006 (Median) to Jan 2025, with 229 observations. The data reached an all-time high of 338.500 Jan2006=100 in Aug 2023 and a record low of 99.800 Jan2006=100 in Feb 2006. Australia Internet Vacancy Index: Trend: NT: Professionals data remains active status in CEIC and is reported by National Skills Commission. The data is categorized under Global Database’s Australia – Table AU.G109: Internet Vacancies: by Occupation and by State.

According to Cognitive Market Research, the global Recruitment & Staffing market size is USD 519848.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.90% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 207939.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 155954.55 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 119565.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 25992.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 10396.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.
Recruiting held the domiant position in the Recruitment & Staffing market

Market Dynamics of Recruitment & Staffing Market

Key Drivers for Recruitment & Staffing Market

Huge job opportunities in the BFSI and IT sectors drive staffing and recruitment market growth

IT hiring and recruitment sector is rapidly expanding. According to research from the online hiring site Monster, the banking, financial services, and insurance (BFSI) industry in India will see a 27% increase in job posts year over year in February 2023. According to Monster data, finance-related employment will account for around 8% of all jobs posted on the site by 2023. Furthermore, India is seeing a significant increase in job prospects as a result of digitization, payment innovations, and expanded financial inclusion, as well as the forthcoming 5G deployment. According to the Monster Employment Index, hiring in the BFSI industry increased by 25% in August 2022, after experiencing a 21% increase in July 2022.

Rising young populations

The presence of young workers in the job market and the desire of recruitment agencies for budget-friendly approaches are significantly impacting the expansion of the Recruitment & Staffing Market. Recruitment helps connect skilled and capable young individuals with organizations that are seeking employees, ensuring companies find the right candidates for their needs. Similarly, the focus on expenses has led companies to choose recruitment solutions that are both efficient and cost-effective. These elements contribute to the expansion of the Recruitment & Staffing Market by meeting the demand for cost-effective and effective recruitment services, enabling businesses to acquire the appropriate talent.

Restraint Factor for the Recruitment & Staffing Market

Rising Costs and Margin Pressure

The Recruitment & Staffing Market is restrained by increasing cost and margin pressure. As the operational cost increases in the industry (for eg technology investment, talent acquisition cost etc.), it leads to margin pressure for the recruitment agencies, as every business tries to maintain the profit margin, which directly impact the competitive pricing for the services offered. The rising operational cost may also affect the smaller agencies to invest in cutting edge technologies, training programs etc., which directly impact their competitiveness in the market. Hence the increasing cost in the industry will definitely be a challenge and how efficiently businesses manage this cost pressure will define their sustained growth and profitability.

Impact of Covid-19 on the Recruitment & Staffing Market

The Covid-19 pandemic changed the Recruitment & Staffing market dynamically with its impact across the entire global market. As a result of the COVID-19 pandemic that led to some shutdowns, economic instability and business disruption, many organizations were compelled to freeze or even downsize their employee intake, hence reducing the demand for recruitment services. Nevertheless, as the economis slowly turns into improvement there is observed the shift in the focus on remote work and virtual hiring what accelerates the employment of digital recruitment solutions and platforms. Temporary and contract st...