Recruitment Agencies (Temporary and Contract) Market Report 2007
Released on = April 16, 2007, 4:36 am
Press Release Author = Bharat Book Bureau
Industry = Marketing
Press Release Summary = Executive Summary
This Market Report examines the market for temporary and contract recruitment in the UK. It covers organisations that recruit on behalf of clients for temporary positions, whether they call themselves recruitment consultancies, recruitment companies or employment agencies.
This Market Report examines the market for temporary and contract recruitment in the UK. It covers organisations that recruit on behalf of clients for temporary positions, whether they call themselves recruitment consultancies, recruitment companies or employment agencies. The market is segmented into the following recruitment sectors: blue collar, computing/IT, construction, drivers, educational, financial/accountancy, hotel/catering, nursing and other medical, professional/managerial, secretarial/clerical, technical/engineering and other.
In the year to March 2006, the market was worth £21.56bn, according to the Recruitment & Employment Confederation (REC), which represents a rise of 6.4% on the previous year. 2006 as a whole (i.e. January to December), proved to be one of the industry\'s best years since 2000, with fast-growing demand evident in the second half of the year.
Secretarial/clerical and blue-collar staff are the largest sectors, but the strongest sectors in 2006 were financial/accountancy, computing/IT and construction. The educational sector has also proved to be important, although the actual number of placements was not as high as it was in some sectors.
The recruitment industry is a fragmented one, supporting some very large firms and a vast number of small to medium-sized firms. The major companies include: Adecco Holdings (UK) Ltd, Allied Healthcare PLC, The Capita Group PLC, The Corporate Services Group PLC, Hays PLC, Kelly Service (UK) Ltd, Manpower PLC, MPS Group International PLC, Nestor Healthcare Group PLC, Pertemps Recruitment Partnership Ltd, Spring Group PLC and Vedior NV.
2006 witnessed a considerable degree of corporate activity in the industry, including a significant number of acquisitions. Meanwhile, a noticeable feature within the industry has been the development of niche recruitment consultancies. Legal issues continue to be a cause for concern; yet again, there were some important court cases concerning the rights of temporary workers.
A major development in 2006 was the publication by the REC of some original research into the structure of the industry and job satisfaction among agency temporary workers. The REC\'s commissioned research revealed that the industry and its temporary workers were far more complex than many people had realised.
The forecasts continued steady growth for the industry between 2007 and 2011, based on recent growth in the UK economy and the recruitment market. Continuing skills shortages and workers\' increasing willingness to take on temporary or contract posts should encourage more rapid growth in this market than in the permanent recruitment market.
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