Indian recruitment/staffing industry is growing by around 15%-20% CAGR since last 4 years. This industry is worth INR 35000 crore by revenue. Recruitment staffing industry is divided in the three segments as below:
Sourcing, Screening and On-boarding of candidates from junior level to CXO level through consultants and referrals fall under this category. Size of this segment is aroumd INR 4,200 crores which is 12% of the total market size. It includes the net fees only from each successful hiring. Largest players in this category are Adecco, Manpower, Randstad, Allegis etc
This segment primarily include payroll administration, Recruitment process outsourcing, HR Management and Consulting, Employment trainings, offline job protals. Size of this segment is around INR 4,500 crores which is 13% of the total market size. Largest players in this category are infoedge (naukri), LinkedIn, Monter, Timejob, ADP Payroll Outsourcing, Pocket HCM, Paycare etc.
Recruitment is a global business generating revenue in excess of estimated $500 billion (INR 32 lacs Crore) per annum which comes to around 25% of Indian GDP. It is growing by around 7%-10% CAGR since last 4 years.
70% revenue from Temporary Staffing Solutions, 11% from permanent recruitment, 6% from RPO (Recruitment Process Outsource) and 13% from Other services.
Around 90% of global industry revenues come from the top markets, China is the largest maket followed by the US, UK, Germany, France, Japan, Brazil, Australia, Canada and the Netherlands..
Largest global players in the recruitment industry are Adecco, Manpower, Randstad, Allegis, Hays PLC, Kelly Services, Recruit staffing etc.
