General Recruitment Industry In Australia
Market Size
According to IBISWorld, the Recruitment Industry has revenue of over $3.1 billion and has experienced growth of 6.1% over the last 5 years, ending December 2013. There are also approximately 7300 agencies in Australia, which employ about 22,500 staff, and the spread of agencies generally reflects the population spread in Australia.
NSW and Victoria dominate in terms of the number of agencies. The prevalence of business’ head offices in Sydney and Melbourne also concentrates agencies in these cities.
According to data of 2016, Sydney and Melbourne account for approximately 75% of the total recruitment market in Australia.
The market size, measured by revenue, of the Employment Placement and Recruitment Services industry in Australia, is $15.4billion in 2021.
The market size of the Employment Placement and Recruitment Services industry is expected to decline -6% in 2021.
The market size of the Employment Placement and Recruitment Services industry in Australia has grown 0.6% per year on average between 2016 and 2021.
Australia’s Employment Placement and Recruitment Services industry is the 2nd ranked Administrative and Support Services industry by market size and the 85th largest in Australia.
Projected Industry Employment Growth In Australia Q1 2020-Q1 2025, By Industry (Units)
The forecast shows the Health Care And Social Assistance industry will create 20,5900 new employment, followed by the Education And Training industry 85,100 new employment and Professional, Scientific, and Technical Services 65,800 new employment by the first quarter of 2025.
Graduate Recruitment By Job Type In Australia 2018 (%)
Market Trends
Online Resources becoming the main trend
The major trend in recruitment in the last ten years is a shift towards online resources.
Social media is playing a large and increasing role in recruitment. LinkedIn is increasingly used by recruiters to advertise vacancies to professionals. Other social media sites, e.g., Facebook, Twitter are important tools used by recruiters mainly to refer personal or professional networks to a vacancy advertised elsewhere.
Employers are increasingly likely to use recruitment agencies. The recruitment industry has worked hard to adapt to an online environment, new national workplace health and safety laws, introduce a code of ethical practice, and educate its members about non-discriminatory practices.
Market Issues
Tech professionals in Australia know they are in high demand and therefore have the upper hand in salary negotiations and selecting the right role for them. The overall package is increasingly important to top talent.
With the rapid rate of technical innovation, it is difficult to predict what kind of disruption organizations might face next. Employers are therefore recruiting tech talent who not only fulfill a specific need of today but are future-proofed to stay relevant in the future.
Data Sources: nationalindustryinsights.aisc.net.au, smartworkplaces.org.au, tenfoldcoaching.com.au, businesschief.asia, www.statista.com
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