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Recruitment Agencies (Permanent)- 2009 Edition

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This Key Note Market Report examines the UK permanent recruitment market, including companies that engage in both general and executive permanent appointments. The report comes at a particularly difficult time for the recruitment industry as, in response to the economic downturn that began in the last quarter of 2007, many companies have made staff cutbacks and frozen their recruitment plans. In November 2008, the online jobsite Monster.co.uk reported that employers were forecasting a bleak outlook for the first quarter of 2009, claiming it would be the weakest January to March period in terms of staff hiring for 15 years (since the end of the last recession in the early 1990s).According to the Recruitment and Employment Confederation (REC), the UK permanent recruitment market was worth £4.28bn in the year ending March 2008, and the number of permanent placements stood at nearly 727,000. The market was very strong in 2007, but began to falter after February 2008 as the outlook for the economy became increasingly uncertain. In the last quarter of 2008, the market contracted each month, and the drop in staffing needs had a negative impact on almost every sector of the economy, with financial services, construction, property, retailing and secretarial/administrative jobs being the worst-affected industries. The major firms operating in the permanent recruitment market include: Adecco UK Ltd; Alexander Mann Group Ltd; Hudson Global Resources Ltd; Impellam Group PLC; Matchtech Group PLC; Michael Page International PLC; Modis International Ltd; Morson Group PLC; NES Group Ltd; Robert Walters PLC; Rullion Ltd; Spring Group PLC; and SThree PLC.A large amount of corporate activity took place in 2008. For example, Adecco made a bid to buy Michael Page — this was not successful, but the company may come back and make a hostile bid in 2009, or it may well seek to buy another high-margin specialist recruiter. In addition, Carlisle Group and Corporate Services Group merged in 2008 to form Impellam Group PLC. More mergers and acquisitions are expected in 2009 as margins and profits in this industry are weakening, which will threaten hundreds of recruitment firms.One positive message for the recruitment industry can be drawn from the results of a 2008 survey conducted by the Chartered Institute of Personnel and Development (CIPD), which revealed that a higher percentage of employers were using recruitment firms than was the case in its 2007 survey. The use of executive search firms had also increased, according to the survey.Key Note forecasts that the value of the UK permanent recruitment market will fall by 7% in 2009, but will begin to recover in 2010 and 2011. Returning the economy to full prosperity will take time after the recession comes to an end, and meanwhile the recruitment industry is likely to undergo a period of restructuring.  

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Recruitment Agencies (Permanent)- 2009 Edition

  1. 1. Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!Recruitment Agencies (Permanent)- 2009 EditionPublished on February 2009 Report SummaryThis Key Note Market Report examines the UK permanent recruitment market, including companies that engage in both general andexecutive permanent appointments. The report comes at a particularly difficult time for the recruitment industry as, in response to theeconomic downturn that began in the last quarter of 2007, many companies have made staff cutbacks and frozen their recruitmentplans. In November 2008, the online jobsite Monster.co.uk reported that employers were forecasting a bleak outlook for the firstquarter of 2009, claiming it would be the weakest January to March period in terms of staff hiring for 15 years (since the end of thelast recession in the early 1990s).According to the Recruitment and Employment Confederation (REC), the UK permanent recruitment market was worth £4.28bnin the year ending March 2008, and the number of permanent placements stood at nearly 727,000. The market was very strong in2007, but began to falter after February 2008 as the outlook for the economy became increasingly uncertain. In the last quarter of2008, the market contracted each month, and the drop in staffing needs had a negative impact on almost every sector of theeconomy, with financial services, construction, property, retailing and secretarial/administrative jobs being the worst-affectedindustries.The major firms operating in the permanent recruitment market include: Adecco UK Ltd; Alexander Mann Group Ltd; Hudson GlobalResources Ltd; Impellam Group PLC; Matchtech Group PLC; Michael Page International PLC; Modis International Ltd; Morson GroupPLC; NES Group Ltd; Robert Walters PLC; Rullion Ltd; Spring Group PLC; and SThree PLC.A large amount of corporate activity took place in 2008. For example, Adecco made a bid to buy Michael Page — this was notsuccessful, but the company may come back and make a hostile bid in 2009, or it may well seek to buy another high-margin specialistrecruiter. In addition, Carlisle Group and Corporate Services Group merged in 2008 to form Impellam Group PLC. More mergers andacquisitions are expected in 2009 as margins and profits in this industry are weakening, which will threaten hundreds of recruitmentfirms.One positive message for the recruitment industry can be drawn from the results of a 2008 survey conducted by the CharteredInstitute of Personnel and Development (CIPD), which revealed that a higher percentage of employers were using recruitment firmsthan was the case in its 2007 survey. The use of executive search firms had also increased, according to the survey.Key Note forecasts that the value of the UK permanent recruitment market will fall by 7% in 2009, but will begin to recover in 2010and 2011. Returning the economy to full prosperity will take time after the recession comes to an end, and meanwhile the recruitmentindustry is likely to undergo a period of restructuring. Table of ContentExecutive Summary 1. Market Definition REPORT COVERAGEMARKET SECTORSMARKET TRENDSThe WeakeningRecruitment Agencies (Permanent)- 2009 Edition Page 1/4
  2. 2. Find Industry reports, Company profilesReportLinker and Market StatisticsMarketFalling Salaries Some Shortages Still RemainLowered Fee Rates Online Recruitment Continues to ExpandECONOMICTRENDSPopulationTable 1: UK Resident Population Estimates by Sex (000), Mid Years 2003-2007Gross Domestic Product Table 2:UK Gross Domestic Product at Current and Annual Chain-Linked Prices (£m),2003-2007InflationTable 3: UK Rate of Inflation(%), 2003-2007UnemploymentTable 4: Actual Number of Unemployed Persons in the UK (million), 2003-2007MARKETPOSITIONTable 5: The Permanent Staff Recruitment Market Within the Overall Recruitment Market by Turnover (£bn and %),Years Ending March 2000-20082. Market Size THE TOTAL MARKETBy ValueTable 6: The Total UK Permanent Staff RecruitmentMarket by Turnover (£bn), Years Ending March 2003-2008Figure 1: The Total UK Permanent Staff Recruitment Market byTurnover (£bn), Years Ending March 2003-2008By VolumeTable 7: Number of Permanent Staff Placements, Years EndingMarch 2003-2008Figure 2: Number of Permanent Staff Placements, (000), Years Ending March 2003-2008BY MARKETSECTORComputing/ITConstructionDriving EducationFinancial Hotel/CateringIndustrial/Blue Collar Nursing/OtherMedicalProfessional/ManagerialRecruitment to RecruitmentSecretarial/ClericalTechnical/Engineering3. Industry BackgroundRECENT HISTORYNUMBER OF COMPANIESTable 8: Number of UK VAT- and/or PAYE-Based Enterprises Engaged in LabourRecruitment and the Provision of Personnel by Turnover Sizeband (£000), 2004-2008EMPLOYMENTTable 9: Number of UKVAT- and/or PAYE-Based Enterprises Engaged in Labour Recruitment and the Provision of Personnel by Employment Sizeband,2004-2008REGIONAL VARIATIONS IN THE MARKETPLACEHOW ROBUST IS THE MARKETLEGISLATIONKEY TRADEASSOCIATIONSThe Association of Executive Search ConsultantsAssociation of Professional Staffing Companies Recruitment andEmployment Confederation 4. Competitor Analysis THE MARKETPLACEGeneral Permanent RecruitmentExecutiveRecruitmentMARKET LEADERSTable 10: Selected Leading UK Recruitment Companies in the Permanent Recruitment Market byTotal Turnover Including Temporary Recruitment Revenue and Non-Recruitment Revenue (£m), Latest Financial ResultsImpellam Group PLCMichael Page International PLCAdecco UK LtdSThree PLCSpring Group PLCMorson Group PLCAlexanderMann Group LtdRobert Walters PLCMatchtech Group PLCRullion LtdNES Group LtdHudson Global Resources LtdModisInternational LtdMARKETING ACTIVITYTable 11: Main Media Advertising Expenditure of the UK Recruitment Industry (£000),Years Ending September 2007 and 2008EXHIBITIONS5. Strengths, Weaknesses, Opportunities and ThreatsSTRENGTHSWEAKNESSESOPPORTUNITIES THREATS 6. Buying Behaviour REASONS FOR USING RECRUITMENTAGENCIES Executive SearchCONCLUSION 7. Current Issues MARKET CONDITIONSEXECUTIVE SEARCHCORPORATEACTIVITYRECRUITMENT AND RETENTION TRENDSMANAGED SERVICE COMPANIES8. The Global Market THE LARGESTMARKETS — THE US AND THE UKTable 12: The World’s Five Largest Recruitment Markets by Value ($bn),2005-2008 Table 13: The Top Five Executive Search Firms Worldwide by Revenue ($m), 20079. Forecasts INTRODUCTIONTheEconomy Population Table 14: Forecast UK Resident Population by Sex (000), Mid-Years 2008-2012Gross Domestic Product Table15: Forecast UK Growth in Gross Domestic Product in Real Terms (%), 2008-2012Inflation Table 16: Forecast UK Rate of Inflation(%), 2008-2012Unemployment Table 17: Forecast Actual Number of Unemployed Persons in the UK (million),2008-2012FORECASTS 2009 TO 2013Table 18: The Forecast UK Permanent Recruitment Market by Value (£bn), YearsEnding March 2009-2013MARKET GROWTHFigure 3: Growth in the Total UK Permanent Recruitment Market by Value (£bn),Years Ending March 2003-2013FUTURE TRENDS10. Company Profiles ADECCO UK LTDALEXANDER MANN GROUPLTDMATCHTECH GROUP PLCMICHAEL PAGE INTERNATIONAL PLCMORSON GROUP PLCNES GROUP LTDROBERTWALTERS PLCRULLION LTDSPRING GROUP PLCSTHREE PLC11. Further Sources Associations Publications GeneralSourcesGovernment SourcesOther Sources Key Note SourcesKey Note Research The Key Note Range of ReportsRecruitment Agencies (Permanent)- 2009 Edition Page 2/4
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  4. 4. Find Industry reports, Company profilesReportLinker and Market Statistics Payment Information Please indicate the payment method, you would like to use by selecting the appropriate box. Payment by credit card Card Number: ______________________________________________ Expiry Date __________ / _________ CVV Number _____________________ Card Type (ex: Visa, Amex…) _________________________________ Payment by wire transfer Crédit Mutuel RIB : 10278 07314 00020257701 89 BIC : CMCIFR2A IBAN : FR76 1027 8073 1400 0202 5770 189 Payment by check UBIQUICK SAS 16 rue Grenette – 69002 LYON, FRANCE Customer signature:   Please note that by ordering from Reportlinker you are agreeing to our Terms and Conditions at http://www.reportlinker.com/index/terms Please fax this form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93Recruitment Agencies (Permanent)- 2009 Edition Page 4/4

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