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Recruitment Agencies (Permanent) - Market ReportPublished by: Key Note Publications Ltd Published: Jan. 1, 2005 - 75 Pages Table of ContentsExecutive Summary 1. Market Definition REPORT COVERAGE MARKET SECTORS MARKET TRENDS Skills Shortages Rising Salary Levels Rising Fee Rates Lack of Recruitment Staff A Strengthening Market ECONOMIC TRENDS Population Table 1: UK Resident Population Estimates by Sex (000), Mid-Years 1999-2003 Gross Domestic Product Table 2: UK Gross Domestic Product at Current and Annual Prices (£m), 1999-2003 Inflation Table 3: UK Rate of Inflation (%), 1999-2003 Unemployment Table 4: Actual Number of Unemployed Persons in the UK (million), 1999-2003 MARKET POSITION Table 5: The Permanent Staff Recruitment Market Within the Overall UK Recruitment Market by Turnover (£bn and %), Years Ending March 2000-2004 2. Market Size THE TOTAL MARKET By Value Table 6: The UK Permanent Staff Recruitment Market by Turnover (£bn), Years Ending March 2000-2004 By Volume Table 7: Number of Permanent Staff Placements, Years Ending March 2000-2004 BY MARKET SECTOR Blue Collar Computing/IT Drivers Education Financial Hotel/Catering Nursing/Medical Professional/Managerial Secretarial/Clerical Technical/Engineering 3. Industry Background RECENT HISTORY INDUSTRY SYNOPSIS NUMBER OF COMPANIES Table 8: Number of UK VAT-Based Enterprises Engaged in Labour Recruitment and the Provision of Personnel by Turnover Sizeband, 2000-2004 EMPLOYMENT Table 9: Number of UK VAT-Based Enterprises Engaged in Labour Recruitment and the Provision of Personnel by Employment Sizeband, 2004 REGIONAL VARIATIONS IN THE MARKETPLACE HOW ROBUST IS THE MARKET? LEGISLATION KEY TRADE ASSOCIATIONS Recruitment & Employment Confederation Other Professional Bodies Association of Executive Search Consultants Chartered Institute of Personnel and Development 4. Competitor Analysis THE MARKETPLACE General Permanent Recruitment Executive Recruitment Executive Search MARKET LEADERS Adecco Holdings (UK) 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 Extra Personnel Ltd Company Structure Current and Future Developments Financial Results Human Resource Group PLC Company Structure Current and Future Developments Financial Results Michael Page International Ltd Company Structure Current and Future Developments Financial Results Pertemps Recruitment Partnership Ltd Company Structure Current and Future Developments Financial Results PSD Group PLC Company Structure Current and Future Developments Financial Results Robert Walters PLC Company Structure Current and Future Developments Financial Results SThree Ltd Company Structure Current and Future Developments Financial Results TMP Hudson Global Resources Company Structure Current and Future Developments Financial Results Whitehead Mann Group PLC Company Structure Current and Future Developments Financial Results MARKETING ACTIVITY 5. Strengths, Weaknesses, Opportunities and Threats STRENGTHS WEAKNESSES OPPORTUNITIES THREATS 6. Buying Behaviour CLIENTS' REQUIREMENTS Executive Search THE ROLE OF RECRUITMENT/SEARCH FIRMS 7. Current Issues PREVAILING MARKET CONDITIONS EXECUTIVE SEARCH RECOVERY CORPORATE ACTIVITY RECRUITMENT AND RETENTION TRENDS 8. The Global Market THE LARGEST MARKETS THE EUROPEAN SCENE 9. Forecasts ECONOMIC FORECASTS Table 10: UK Government Economic Forecasts for Population, Gross Domestic Product, Inflation and Unemployment (000, % and million), 2004-2008 FORECASTs 2005 TO 2009 Table 11: The Forecast UK Permanent Staff Recruitment Market by Turnover (£bn), Years Ending March 2005-2009 FUTURE TRENDS Skills Shortages The Changing Role of the Recruiter 10. Company Profiles Adecco Holdings (uk) Ltd Brook Street (uk) Ltd Carlisle Group Plc Michael Page International Plc Pertemps Recruitment Partnership Ltd Psd Group Plc Robert Walters Plc Whitehead Mann Group Plc 11. Further Sources Associations Publications Government Publications Bonnier Information Sources AbstractThis Key Note Market Report examines the UK market for permanent recruitment agencies. It covers firms engaged in general and executive permanent appointments and executive search. According to the industry's trade body, the Recruitment & Employment Confederation (REC), the market was worth £1.7bn in the year to March 2004, when the number of placements reached 565,581. The market is segmented into the following employment sectors: blue collar computing/IT, drivers, education, financial, hotel/catering, nursing/medical, professional/managerial, secretarial/clerical and technical/engineering. Secretarial and clerical appointments represent approximately half the market by volume, with computing/IT accounting for around 20%. Hotel/catering is another important sector. Among the major firms are: Adecco Holdings (UK) Ltd, Brook Street (UK) Ltd, Carlisle Group PLC, Extra Personnel Ltd, Human Resource Group PLC, Michael Page International PLC, Pertemps Recruitment Partnership Ltd, PSD Group PLC, Robert Walters PLC, SThree Ltd, TMP Hudson Global Resources (formerly known as TMP Worldwide Ltd) and Whitehead Mann Group PLC. Most of the industry is UK owned. This market has grown substantially in value since March 2003. Sectors such as IT, engineering and construction have gained importance, while others, such as professional and managerial, have experienced sharp declines. Education and health/medical appointments have grown in volume. Key Note's discussions with recruitment firms revealed that the market began to improve from around November 2003, picking up further in summer 2004, before experiencing a further burst of activity in November and December 2004. Everyone interviewed mentioned skills shortages, in terms of both their clients' requirements and their own, as recruitment firms find it increasingly difficult to attract the calibre of staff needed. Assuming that the UK economy will grow by around 2.5% each year, Key Note forecasts steady growth in the market's value between 2005 and 2009. The major questions on the horizon concern interest rates and the exchange rate of sterling against the dollar and the euro. Sterling, along with most other currencies, was rising against the dollar in the closing month of 2004. If this continues in 2005, it could dampen growth throughout Europe and the rest of the world, hindering growth in the UK and its recruitment market. Key Note Market Reports
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