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Recruitment Consultants (Industrial Report) - UK - August 2014

“Recruitment agencies with developed talent sourcing and research capability are expected to perform well as the market becomes more candidate-led and available skilled professionals are scarcer.”
– Ben Harris, Industrial Analyst

This report answers the following questions:

  • How can recruiters benefit from the changing demography of the workforce?
  • Which sectors of the economy are expected to generate the largest demand for staffing in the coming years?
  • Is the recent growth in recruitment process outsourcing likely to continue in the future?
  • Where are skill shortages most apparent and what can recruiters do to exploit this?

Recruitment consultancies, or agencies, place both temporary employees and permanent staff. In both cases the consultant or agency acts as an intermediary channel through which both parties (the job seeker and hiring company) find each other for the purpose of employment.

Agencies typically operate as:

  • Specific skills-based agencies supplying or finding employees suitable to particular sectors
  • General skills-based agencies working in geographically specific areas
  • Specialist agencies dealing with head-hunting, outplacement or information provision

With such a high level of industry fragmentation it is not possible to review all industry participants in a report of this type. The companies section provides a synopsis of some of the firms selected as being representative of a cross sample of operators. They are not necessarily the largest industry participants.

All values quoted in this report are at current prices unless otherwise specified.

 

Liqueurs - UK - January 2012

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Table of contents

  1. Executive Summary

      • The market
        • Recruitment market growth to accelerate in 2014
          • Figure 1: UK market for recruitment consultants, 2010-14
        • Confidence in economy leads to fastest permanent placement growth in decades
          • Figure 2: Segmentation of the UK recruitment consultants market, by type, 2010-14
        • Strong growth to continue into 2015
          • Figure 3: Forecast UK market for recruitment consultants, 2015-19
        • Market factors
          • Vacancies rising across the board
            • Figure 4: Change in employment vacancies in the UK, by sector, 2013-14
          • Population changes to benefit temporary sector
            • Figure 5: UK population projection, by age group, 2012 and 2017
          • Skills shortages growing in manufacturing and business service sectors
            • Figure 6: Skills shortage vacancies (SSVs) in the UK, by sector, 2013
          • Companies
            • Impellam targeting acquisitive growth
              • Page Group expanding UK consultant team
                • What we think
                • Introduction

                  • Issues in the market
                    • Definitions
                      • Methodology
                        • Abbreviations
                          • Market positioning
                            • The supplier
                              • The customer
                              • UK Economy

                                  • Inflation
                                    • Interest rates
                                      • Business investment
                                      • Market factors

                                          • Economic conditions
                                            • Technological change
                                              • Socio-economic trends
                                                • Legislation
                                                • Market Size

                                                  • Key points
                                                    • Expansion of 8% expected in 2014
                                                      • Figure 7: UK market for recruitment consultants, 2010-14
                                                    • End of the buyers market in 2014?
                                                      • Broad-based recovery secures growth in recruitment demand
                                                        • Skills shortages boost niche recruitment markets
                                                        • Market Segmentation

                                                          • Key points
                                                            • Firms increasing capacity and rising wage rates boost temp sector
                                                              • Permanent placements benefit from greater economic certainty
                                                                • Figure 8: Segmentation of the UK recruitment consultants market, by type, 2010-14
                                                              • Professional placements rise while demand for administrative roles falls
                                                                • Figure 9: Segmentation of the UK recruitment consultants market, by placement sector, 2014
                                                            • Market Trends

                                                              • Key points
                                                                • Job vacancies climbing sharply
                                                                  • Figure 10: Number of employment vacancies in the UK, 2009-14
                                                                  • Figure 11: Change in employment vacancies in the UK, by sector, 2013-14
                                                                • Recruiters’ prices climb in sectors affected by skills shortages
                                                                  • Figure 12: Employment agencies price index, 2010-13
                                                                • Manufacturing and IT among sectors affected by lack of skilled professionals
                                                                  • Figure 13: Skills shortage vacancies (SSVs) in the UK, by sector, 2013
                                                                  • Figure 14: Working visas issued by the UK government, 2009-13
                                                                • Working population aged over 45 to rise significantly to 2017
                                                                  • Figure 15: UK population projection, by age group, 2012 and 2017
                                                                • Self-employment continues to drive increases in the number of people working
                                                                  • Figure 16: Part-time and full-time workers in the UK, 2010-14
                                                              • Industry Development

                                                                • Key points
                                                                  • Insolvency cases decline through 2013 and first half of 2014
                                                                    • Acquisition trends reflect growth sectors of the market
                                                                      • Continued growth in the size of the sector fuelled by new market entrants
                                                                        • Figure 17: Analysis of the changes in the structure of the labour recruitment/provision of personnel industry, 2009-13
                                                                        • Figure 18: Analysis of the employment placement agencies sector, 2009-13
                                                                        • Figure 19: Analysis of the temporary employment agency activities sector, 2009-13
                                                                        • Figure 20: Analysis of the human resources provision and management of human resources functions sector, 2009-13
                                                                        • Figure 21: Analysis of the financial structure of the labour recruitment/provision of personnel industry, 2009 and 2013
                                                                        • Figure 22: Analysis of the financial structure of the employment placement agencies sector, 2009 and 2013
                                                                        • Figure 23: Analysis of the financial structure of the temporary employment agency activities sector, 2009 and 2013
                                                                        • Figure 24: Analysis of the financial structure of the human resource provision and management of human resources functions sector, 2009 and 2013
                                                                        • Figure 25: Analysis of the employment structure of the labour recruitment/provision of personnel industry, 2009 and 2013
                                                                        • Figure 26: Analysis of the employment structure of the other activities of employment placement agencies sector, 2009 and 2013
                                                                        • Figure 27: Analysis of the employment structure of the temporary employment agency activities sector, 2009 and 2013
                                                                        • Figure 28: Analysis of the employment structure of the human resources provision and management of human resources functions sector, 2009 and 2013
                                                                    • Adecco UK

                                                                        • Recent company activity
                                                                          • Figure 29: Financial analysis of Adecco UK, 2008-12
                                                                      • Advantage Professional

                                                                          • Recent company activity
                                                                            • Figure 30: Financial analysis of Advantage Professional UK, 2008-12
                                                                        • Hays Specialist Recruitment

                                                                            • Recent company activity
                                                                              • Figure 31: Financial analysis of Hays Specialist Recruitment, 2009-13
                                                                          • Impellam Group

                                                                              • Recent company activity
                                                                                • Figure 32: Financial analysis of Impellam Group, 2009-13
                                                                                • Figure 33: Financial analysis of Impellam Group, by business segment, 2009-13
                                                                            • Kelly Services (UK)

                                                                                • Recent company activity
                                                                                  • Figure 34: Financial analysis of Kelly Services (UK), 2008-12
                                                                              • Manpower

                                                                                  • Recent company activity
                                                                                    • Figure 35: Financial analysis of Manpower UK, 2008-12
                                                                                • Page Group/Michael Page International Recruitment

                                                                                    • Recent company activity
                                                                                      • Figure 36: Financial analysis of PageGroup revenues, by geographical segment, 2009-13
                                                                                      • Figure 37: Financial analysis of Michael Page International Recruitment, 2008-12
                                                                                  • Pertemps Recruitment Partnership

                                                                                      • Recent company activity
                                                                                        • Figure 38: Financial analysis of Pertemps Recruitment Partnership, 2008-12
                                                                                    • Reed Specialist Recruitment

                                                                                        • Figure 39: Financial analysis of Reed Specialist Recruitment, 2009-13
                                                                                    • Spring Group

                                                                                        • Hy-phen.com
                                                                                          • Figure 40: Financial analysis of hy-phen.com, 2008-12
                                                                                        • Spring Personnel
                                                                                          • Figure 41: Financial analysis of Spring Personnel, 2008-12
                                                                                      • Forecast

                                                                                        • Key points
                                                                                          • Market size
                                                                                            • Figure 42: Forecast UK market for recruitment consultants, 2015-19
                                                                                          • Candidate-led market will support value growth and generate demand for talent sourcing
                                                                                            • Consumer service staff and graduates will be in demand
                                                                                              • Market segmentation
                                                                                                • Figure 43: Forecast segmentation of the UK recruitment consultants market, by type of placement, 2015-19
                                                                                              • Long-term employment patterns will boost temp sector
                                                                                                • Permanent placements to accelerate in short term
                                                                                                  • Industry
                                                                                                    • Recruitment process outsourcing growth to continue
                                                                                                      • Agencies to face increased competition from recruitment research companies
                                                                                                      • Further Sources and Contacts

                                                                                                        • Trade associations
                                                                                                          • Trade magazines

                                                                                                          Companies Covered

                                                                                                          To learn more about the companies covered in this report please contact us.

                                                                                                          Recruitment Consultants (Industrial Report) - UK - August 2014

                                                                                                          US $1,282.26 (Excl.Tax)