North America Staffing and Recruitment Market

The North America staffing and recruitment market is expected to grow from US$ 2,54,120.96 million in 2022 to US$ 6,13,063.00 million by 2030. It is estimated to record a CAGR of 11.6% from 2022 to 2030.

Huge Job Opportunities in BFSI and IT Sectors Fuel North America Staffing and Recruitment Market

The BFSI and IT industry at global level is growing at an unprecedented pace. According to The World Bank data, small and medium enterprises (SMEs) play a major contributor to job creation and global economic development. It represents around 90% of businesses and over 50% of employment worldwide. According to the same source, by 2030, SMEs will create approximately 600 million jobs, due to government initiatives & support to expand the private sector. The growth in SME sector has made a significant impact on economic growth, which is essential for sustainable development. SMEs help to create jobs, generate income, and promote innovation by providing opportunities for entrepreneurship and innovation, which increases business productivity and economic growth. The expansion of SMEs is generating more job opportunities in the economy. These factors are projected to fuel the market in the near future. Within the BFSI industry, technology accounts for about a third of all new jobs, owing to increasing demand for development, IT management, and IT analyst roles. According to Project Management Institute, Inc., vast vacancy for project management positions is expected to open in the coming years, and nearly 2.3 million employees are needed to fill all of the project management-oriented positions each year. Companies are focusing on hiring problem solvers and relationship builders for delivering strategic value by remain competitive in the market, which require staffing and recruitment professionals to fulfil these positions. The rapid digitalization is also one of biggest drivers increasing demand for project professionals. Such an increase in job opportunities in the information technology sectors is propelling the need for staffing & recruitment solutions.

North America Staffing and Recruitment Market Overview

The US, Canada, and Mexico are the major contributors to the North America staffing and recruitment market. North America is a leading region in terms of developing and accepting new, advanced technologies. The staffing and recruitment industry is projected to increase significantly due to the presence of various human resource management (HRM) solution providers. Businesses in the US are focusing on enhancing employee's efficiency and productivity by implementing HRM (human resource management) solutions in numerous activities such as payroll, time & attendance, and talent management, which fuels the market. Cloud-based solutions offer robust processing and ease of accessing the software for employers. According to Glassdoor, each job opening gets more than 250 applications. The use of AI-based intelligent algorithms supports employers in filtering the candidate's profiles that match closely to the job descriptions. The rising adoption of new technologies such as AI, cloud, and automation by small & medium size enterprises (SMEs) and other employers is boosting the global staffing and recruitment market in the region.

North America Staffing and Recruitment Market Revenue and Forecast to 2030 (US$ Million)

North America Staffing and Recruitment Strategic Insights

Strategic insights for the North America Staffing and Recruitment provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Staffing and Recruitment Report Scope

North America Staffing and Recruitment Regional Insights

The geographic scope of the North America Staffing and Recruitment refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

North America Staffing and Recruitment Market Segmentation

The North America staffing and recruitment market is segmented into staffing type, recruitment channel, end user, and country.

Based on staffing type, the North America staffing and recruitment Market is bifurcated into permanent and temporary. The permanent segment held a larger share of the North America staffing and recruitment market in 2022.

In terms of recruitment channel, the North America staffing and recruitment market is categorized into online, hybrid, and offline. The online segment held the largest share of the North America staffing and recruitment market in 2022.

By end user, the North America staffing and recruitment Market is categorized into IT and telecom, BFSI, healthcare, retail and E-Commerce, and others. The IT and telecom segment held the largest share of the North America staffing and recruitment market in 2022.

Based on country, the North America staffing and recruitment market is segmented into the US, Canada, and Mexico. The US dominated North America staffing and recruitment market in 2022.

Adecco Group AG, Alliance Recruitment Agency, Brunel International NV, Hays Plc, Korn Ferry, Medacs Global Group Ltd, Morgan Philips Group SA, NES Fircroft, and Randstad NV are some of the leading companies operating in the North America staffing and recruitment market.