Reference
·Primary source
Thailand HR staffing, recruitment services sector revenue (2020-2024)
~THB 18-20B (2024)
The Thailand HR staffing, recruitment, and executive search services market is estimated at THB 18-20 billion (USD 500-560 million) in 2024, triangulating Adecco Thailand, ManpowerGroup, Robert Walters Thailand, PERSOLKELLY, and Reeracoen Thailand parent disclosures with Department of Business Development (DBD) annual filings for domestic agencies. The market troughed near THB 11 billion in 2020 as COVID hiring freezes wiped out two thirds of contract placements, then rebounded sharply through 2022-2023 on EEC manufacturing reshoring, Chinese OEM hiring waves, and BPO captive expansion. 2024 growth has narrowed to single digits as the consumer sector decelerates and BoT tight monetary policy compresses corporate hiring budgets.
Figure in context
The Thailand HR staffing, recruitment, and executive search services market is estimated at THB 18-20 billion (USD 500-560 million) in 2024, triangulating Adecco Thailand, ManpowerGroup, Robert Walters Thailand, PERSOLKELLY, and Reeracoen Thailand parent disclosures with Department of Business Development (DBD) annual filings for domestic agencies. The market troughed near THB 11 billion in 2020 as COVID hiring freezes wiped out two thirds of contract placements, then rebounded sharply through 2022-2023 on EEC manufacturing reshoring, Chinese OEM hiring waves, and BPO captive expansion. 2024 growth has narrowed to single digits as the consumer sector decelerates and BoT tight monetary policy compresses corporate hiring budgets.
Interpretation notes
What this tells you
The Thailand HR staffing, recruitment, and executive search services market is estimated at THB 18-20 billion (USD 500-560 million) in 2024, triangulating Adecco Thailand, ManpowerGroup, Robert Walters Thailand, PERSOLKELLY, and Reeracoen Thailand parent disclosures with Department of Business Development (DBD) annual filings for domestic agencies. The market troughed near THB 11 billion in 2020 as COVID hiring freezes wiped out two thirds of contract placements, then rebounded sharply through 2022-2023 on EEC manufacturing reshoring, Chinese OEM hiring waves, and BPO captive expansion. 2024 growth has narrowed to single digits as the consumer sector decelerates and BoT tight monetary policy compresses corporate hiring budgets.
What not to do with it
Values in THB billion. Triangulated from publicly listed parent filings plus DBD annual financials of registered domestic staffing agencies.
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