Australia Outplacement Services Market Report and Forecast 2025-2034

Australia Outplacement Services Market Outlook

The Australia outplacement services market size reached USD 85.93 million in 2023. The market is expected to grow at a CAGR of 4.79% between 2024 and 2032, reaching USD 130.44 million by 2032.

Key Takeaways

• According to the Australian Banking Association, Australia hosts 95 banking institutions, aiding the expansion of the outplacement services market.

• As of February 2023, there was a population of 21.2 million aged 15 and above within which 13.8 million were employed.

• According to recent World Bank data, Australia's internet penetration rate stands at 96%, thus, driving growth in the telecommunications sector.

BFSI contributes to the growth of the Australia outplacement service market by aiding in compliance with severance pay regulations and minimizing legal risks linked with layoffs

The BFSI sector gains from outplacement services by upholding its reputation by ensuring compliance and boosting morale, retaining talent, and enhancing employee loyalty with transitional support, cultivating a positive environment.

The IT & telecom industry benefits from outplacement solutions by swiftly adapting to technological advancements sustaining competitiveness and minimizing disruptions. It provides career guidance, enhances employer branding, and fulfils corporate social responsibilities through employee support initiatives.

Amid widespread layoffs in the technology and startup fields, there is a surge in demand for outplacement services as companies seek assistance in helping laid-off employees secure new jobs. Various industries such as technology, IT, e-commerce, and BFSI are engaging outplacement providers to aid affected workers.

Market Segmentation

Australia Outplacement Service Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments

Market Breakup by Product

• HR Consulting & Training

• Redeployment

• Career Development

Market Breakup by Type

• Group Outplacement

• Personal Outplacement

Market Breakup by Application

• BFSI

• IT & Telecom

• Media & Entertainment

• Government & Public Sector

• Convenience Stores

• Manufacturing

• Healthcare

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia outplacement services market key players are Adecco Australia, Hays plc, Hudson Global resources (AUS) Pty Limited, Manpower Services (Australia) Pty Ltd., Prima Careers, Randstad Pty Limited, Arielle Executive, Outplacement Australia, and Katie Roberts Career Consulting among others.

Key Highlights of the Report