Personnel analysis studies the employment services industry, looking at revenue, growth, and trends to determine stability and potential. It also reveals revenue sources and challenges, helping agencies focus on growth potential. The report compares industries across countries and identifies growing and stagnant markets.
Personnel analysis is a comprehensive study of the current state and future prospects of employment services. The analysis typically looks at the activities of the industry’s leading companies over the course of a year in a given country. Study revenue, growth and new developments that can affect supply and demand. The results are compared with the state of the industry in previous years to come to a conclusion as to whether the personnel industry is stable or unstable, growing or shrinking.
Analysts, market researchers, competitors, and economists use industry reports to track changes in a country’s economic sector on an annual basis. One of the industries that is being followed closely is the personnel industry. The industry is made up of companies that place temporary, temporary and permanent employees at companies that have needs or open positions. These types of employment services are a major source of economic activity in many countries and directly influence unemployment statistics.
Most staffing industry analysis involves determining the total revenue generated over the course of a year by companies identified as staffing agencies. The major companies that make up the majority of that revenue are identified and categorized. Often, these companies are surveyed to provide insight into industry specifics, such as the average number of placements a company makes per day. This data collection culminates in a determination of the size of the workforce and the percentage of the country’s total economy it represents. This way, analysts can determine how important the sector is to the overall economy.
There are also specific details that the staffing industry analysis is designed to find out that are important to staffing agencies. This type of analysis reveals the revenue sources of the industry. For example, determine what portion of revenue comes from temporary placements versus permanent placements. Data like this can help staffing agencies direct their resources towards revenue streams that have growth potential, rather than services that haven’t seen growth in years.
The trends and major challenges are the other types of information that personnel analytics is designed to reveal. The report identifies domestic and international factors that may affect supply or demand in the near future, such as changes to labor laws and shrinking workforces due to low birth rates. Analysts use the report to determine the state of the industry within a single country or to compare industries across different countries. Personnel analysis can indicate which countries have growing markets for employment services and which countries have stagnant markets.
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