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The growth in recruitment franchises in recent years was fuelled by a globalizing labor market and the proliferation in employment regulation. Growing globally from $325.4bn of revenues in 2009 to $377.1bn in 2011, the sector managed to defy the wider global slowdown. The industry is projected to grow by a further 30% over the next five years. A third of aspiring franchisees are already business owners, according to a FranchiseSales.com survey.