Product Type: Market Research Report
Published by: Key Note Publications Ltd
Published: January 2007
Product Code: R310-1395Description This Key Note Market Report examines the UK market for permanent recruitment, which includes firms engaged in general and executive permanent appointments. The market is segmented into the following recruitment sectors: blue collar, computing/IT, construction, drivers, educational, financial/accountancy, hotel/catering, nursing/medical, professional/managerial, secretarial/clerical and technical/engineering.
In the year ending March 2006, the market was valued at £3.28bn by the Recruitment & Employment Confederation (REC), which also put the number of appointments for the year at 706,080. The market increased in value by just 2.2% on the previous 12 months. However, 2006 as a whole has continued to be a good year for this market, with growth proceeding at a steady pace.
Secretarial/clerical and computing/IT are the largest sectors, and represent nearly half of all appointments made. Following a drop in share in the previous year, the computing/IT sector became significant again in the year to March 2006.
The major firms include: Adecco Holdings (UK) Ltd, Alexander Mann Group Ltd, Brook Street (UK) Ltd, Carlisle Group PLC, Matchtech Group PLC, Michael Page International PLC, Morson Group PLC, Pertemps Recruitment Partnership Ltd, Robert Walters PLC, Rullion Ltd and SThree PLC. Most of the industry is UK owned.
The two main issues for the market are currently candidate supply and profit margins. Staff turnover in the industry remains high and there is anxiety about the high number of new entrants. Faced with these pressures, many firms merged in 2006, hoping for better financial returns. However, it is not only financial pressures that have been of concern. The threat of data theft is increasing in line with the spread of computer access.
Key Note forecasts that the market will increase in value by 2.1% in the year ending March 2007, after which steady year-on-year growth of between 2.1% and 2.8% will bring the total value of the market to £3.7bn by March 2011. Given the immense activity in the market in 2006 and the continued demand for permanent staff predicted for 2007, these figures might seem modest. However, competition is severe and fee rates remain under pressure, so the value of assignments is unlikely to accelerate considerably in the near future.
Table of Contents - Executive Summary
- 1. Market Definition
- INTRODUCTION
- MARKET SECTORS
- MARKET TRENDS
- A Strong Market
- Skills Shortages Continue
- High Staff Turnover Concerns Clients
- The Influence of the Internet
- The Rise of E-Auctions
- Recruitment Staff Shortages
- ECONOMIC TRENDS
- Population
- Table 1: UK Resident Population Estimates by Sex (000), Mid-Years 2001-2005
- Gross Domestic Product
- Table 2: UK Gross Domestic Product at Current and Annual Prices (£m), 2001-2005
- Inflation
- Table 3: UK Rate of Inflation (%), 2001-2005
- Unemployment
- Table 4: Actual Number of Unemployed Persons in the UK (million), 2001-2005
- MARKET POSITION
- Table 5: The Permanent Staff Recruitment Market's Share of the Overall Recruitment Market by Turnover (£bn and %), Years Ending March 2002-2006
- 2. Market Size
- THE TOTAL MARKET
- By Value
- Table 6: The Total UK Permanent Staff Recruitment Market by Turnover (£bn), Years Ending March 2002-2006
- Figure 1: The Total UK Permanent Staff Recruitment Market by Turnover (£bn), Years Ending March 2002-2006
- By Volume
- Table 7: Number of Permanent Staff Placements, Years Ending March 2002-2006
- Figure 2: Number of Permanent Staff Placements (000), Years Ending March 2002-2006
- MARKET SECTORS
- Blue Collar
- Computing/IT
- Construction
- Drivers
- Educational
- Financial/Accountancy
- Hotel/Catering
- Nursing/Medical
- Professional/Managerial
- Secretarial/Clerical
- Technical/Engineering
- Recruitment to Recruitment Consultancies
- 3. Industry Background
- RECENT HISTORY
- INDUSTRY SYNOPSIS
- Table 8: Financial Analysis of Recruitment Companies (£000, % and £), Latest Financial Years
- NUMBER OF COMPANIES
- Table 9: Number of UK VAT-Based Enterprises Engaged in Labour Recruitment and the Provision of Personnel by Turnover Sizeband, 2003-2006
- EMPLOYMENT
- Table 10: Number of UK VAT-Based Enterprises Engaged in Labour Recruitment and the Provision of Personnel by Employment Sizeband, 2003-2006
- REGIONAL VARIATIONS IN THE MARKETPLACE
- HOW ROBUST IS THE MARKET?
- LEGISLATION
- KEY TRADE ASSOCIATIONS
- Recruitment & Employment Confederation
- Association of Technology Staffing Companies
- Association of Executive Search Consultants
- 4. Competitor Analysis
- THE MARKETPLACE
- General Permanent Recruitment
- Executive Recruitment
- MARKET LEADERS
- Table 11: Selected Leading UK Companies in the Permanent Recruitment Market by Total Turnover† (£m), 2005
- Adecco Holdings (UK) Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Alexander Mann Group Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Brook Street (UK) Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Carlisle Group PLC
- Company structure
- Current and Future Developments
- Financial Results
- Hudson Global Resources Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Matchtech Group PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Michael Page International PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Morson Group PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Pertemps Recruitment Partnership Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Robert Walters PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Rullion Ltd
- Company Structure
- Current and Recent Developments
- Financial Results
- SThree PLC
- Company Structure
- Current and Future Developments
- Financial Results
- MARKETING ACTIVITY
- 5. Strengths, Weaknesses, Opportunities and Threats
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
- 6. Buying Behaviour
- BUYERS' REQUIREMENTS
- Recruitment Needs
- Choosing an Agency
- Executive Search
- THE ROLE OF RECRUITMENT/SEARCH FIRMS IN THE RECRUITMENT PROCESS
- 7. Current Issues
- MARKET CONDITIONS
- EXECUTIVE SEARCH
- CORPORATE ACTIVITY
- RECRUITMENT AND RETENTION TRENDS
- DATA THEFT
- 8. The Global Market
- MARKET SIZE AND LARGEST MARKETS
- Table 12: The World's Five Largest Recruitment Markets ($bn), 2004-2006
- TOP GLOBAL COMPANIES
- Table 13: The Top Three Executive-Search Firms Worldwide by Revenue ($m), 2006
- 9. Forecasts
- INTRODUCTION
- Economic Background
- Table 14: UK Government Forecasts for Population, Gross Domestic Product, Inflation and Unemployment (000, % and million), 2006-2010
- FORECASTS 2007 To 2011
- Table 15: The Forecast UK Permanent Staff Recruitment Market by Turnover (£bn), Years Ending March 2007-2011
- Figure 3: The Forecast UK Permanent Staff Recruitment Market by Turnover (£bn), Years Ending March 2007-2011
- MARKET GROWTH
- Figure 4: Growth in the UK Permanent Staff Recruitment Market by Turnover (£bn), Years Ending March 2002-2011
- FUTURE TRENDS
- 10. Company Profiles
- Adecco Holdings (UK) Ltd
- Alexander Mann Group Ltd
- Brook Street (uk) Ltd
- Carlisle Group Plc
- Hudson Global Resources Ltd
- Matchtech Group PLC
- Michael Page International Plc
- Robert Walters Plc
- Sthree Plc
- 11. Consumer Confidence
- METHODOLOGY
- KEY FINDINGS THIS QUARTER
- THE WILLINGNESS TO BORROW
- Confidence Slips Slightly
- Table A: The Average Amount Consumers Are Willing to Borrow in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), November 2005-2006
- Significantly More Adults Are Willing to Borrow
- Table B: The Number of Adults Willing to Borrow in Order to Purchase Expensive Items (000 and %), November 2005-2006
- SPENDING FROM SAVINGS
- Little Change in Spending from Savings
- Table C: The Average Amount Consumers Are Willing to Spend from Savings in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), November 2005-2006
- Saving Grows in Relative Importance
- Table D: The Average Amounts Adults Are Confident Spending to Purchase Expensive Items (£ and %), November 2005-2006
- 12. Further Sources
- Associations
- Publications
- Government Publications
- Other Sources
- Bisnode Sources
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