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Published by: Key Note Publications Ltd
Published: Feb. 1, 2007 - 127 Pages
Table of Contents
- 1. Introduction
- THE IT RECRUITMENT MARKET
- DEFINITION
- 2. Strategic Overview
- MARKET DYNAMICS AND SEGMENTATION
- Increasing Demand
- Table 1: Number of People Employed in the UK in ICT Occupations and Computer-Related Activities (000), April-June 2005 and 2006
- Table 2: The Number of Quarterly IT Vacancies Notified to Jobcentres in Great Britain by Type, May, August, October 2004-2006
- Job Advertisements
- Salaries
- The Market Rollercoaster
- Table 3: The IT Recruitment Agency Market by Invoiced Sales at Current and Constant 2000 Prices (£m), Years Ending December 2002-2006
- Staff Retention Remains an Issue
- The Skills Shortage Issue
- Table 4: E-Skills Vacancies by Type (number and %), 2005
- Table 5: Actions Taken to Combat Skills-Shortage Vacancies (%), 2003 and 2005
- The Legislative Environment Becomes Tougher
- The Conduct of Employment Agencies and Employment Business Regulations 2004
- IR35
- Review of VAT
- The EU Agency Workers Directive
- The Services Directive 2006
- The Data Protection Act 1998
- Money-Laundering Legislation
- The Employment Equality (Age) Regulations
- `A Day'
- CHANNELS TO MARKET
- Jobcentres
- Table 6: Channels other than the Internet Used to Look for Jobs (%), 2007
- Contacting Clients
- The Growing Use of the Internet
- COMPETITIVE STRUCTURE
- Table 7: The IT Recruitment Market by Estimated Share of Revenue (%), 2005 and 2006
- Figure 1: The IT Recruitment Market by Estimated Share of Revenue (%), 2006
- Table 8: The Major UK IT Recruitment Agencies by Estimated Market Share (% of total revenue), Year Ending 31st December 2005
- New Systems and Techniques for Attracting and Tracking the Best Candidates Move up the Agenda
- THE CONSUMER
- Business Customers
- Individual Customers
- Table 9: IT Jobseekers by Sex and Age (%), 2007
- MARKET FORECASTS
- 3. Contract and Temporary Staff
- BACKGROUND
- MARKET SIZE
- Table 10: The Contract and Temporary Staff Recruitment Market by Invoiced Sales at Current and Constant 2000 Prices (£m), Years Ending December 2002-2006
- CONSUMER TRENDS
- Business Consumers
- Changing Client Base
- The Jobs in Demand
- Table 11: Example Skills Requirements of Contract Jobs Advertised on Internet Jobsites (% of job advertisements), 3 Months to 1st December 2005 and 2006
- Table 12: The Proportion of Contract Jobs Advertised on Internet Jobsites by Job Title (%), 3 Months to 1st December 2006
- Individual Consumers
- ADVERTISING AND DISTRIBUTION
- 4. Permanent Staff
- BACKGROUND
- MARKET SIZE
- Table 13: The Permanent Staff Recruitment Market by Invoiced Sales at Current and Constant 2000 Prices (£m), Years Ending December 2002-2006
- CONSUMER TRENDS
- Business Consumers
- The Jobs in Demand
- Table 14: Example Skills Requirements of Permanent Jobs Advertised on Internet Jobsites (% of job advertisements), 3 Months to 1st December 2005 and 2006
- Table 15: The Proportion of Permanent Jobs Advertised on Internet Jobsites by Job Title (%), 3 Months to 1st December 2006
- Individual Consumers
- ADVERTISING AND DISTRIBUTION
- 5. An International Perspective
- MARKET DEVELOPMENTS
- Global IT Services Continue to Grow in Demand
- Offshoring is also Transforming the Market
- Onshore-Offshoring is Adding to the Market Dynamics
- The Services Directive 2006
- COMPETITIVE ENVIRONMENT
- CONSUMER BEHAVIOUR
- 6. PEST Analysis
- POLITICAL FACTORS
- Employment Laws
- Skills Task Force
- E-Government
- Promotion of IT
- Terrorism
- ECONOMIC FACTORS
- Economic Growth Impacts on IT Budgets
- Different Sectors are more Vulnerable than Others
- A Long-Term Influence
- SOCIAL FACTORS
- The Growth of Part-Time and Flexible Working
- Teamworking
- Changing Demographics
- The Growing Importance of Women and Childcare Facilities
- The `Sandwich' Generation
- `Portfolio Careers'
- Human-Resource Outsourcing
- Business Environment Drives Demand
- Businesses Lack Internal IT Skills
- Exploiting Computer Resources is a Key to Business Success
- TECHNOLOGICAL FACTORS
- IT — A Competitive Weapon
- Software Solutions
- The Internet — A New Media Opportunity
- The Internet — A Potential New Media Threat
- The Internet Changes How Agencies Must Operate
- The Technology Cycle
- The Technology Upgrade Cycle Influences Demand
- New Technological Trends
- Shifts in IT Budgets
- E-Business — A Driver of Demand
- 7. Consumer Dynamics
- EMPLOYERS
- The 2006 Recruitment and Retention Survey
- Table 16: Methods Used to Attract Applicants by Industry Sector (%), 2006
- Table 17: Methods Used to Select Applicants (%), 2006
- THE RECRUITMENT PROCESS
- Recruitment Responsibilities
- The Growing Importance of Vendor Management
- IT Workers Improve Elasticity
- THE JOBS DEMANDED BY EMPLOYERS
- Table 18: The Top 20 Geographical Locations of Contract IT Jobs Advertised on Internet Jobsites by Average Daily Rate and Average Hourly Rate (£), 3 Months to 1st December 2006
- Table 19: The Top 20 Geographical Locations of Permanent IT Jobs Advertised on Internet Jobsites by Average Salary (£), 3 Months to 1st December 2006
- Table 20: The Proportion of Jobs Advertised on Internet Jobsites by Job Title (%), 3 Months to 1st December 2006
- IT WORKERS
- Table 21: The Occupational and Vacancy Profile of Employment in the Computing and Related Industries (number and %), 2005
- Table 22: The Profile of IT Jobseekers using Recruitment Jobsites (% of visitors), 2007
- IT Workers' Expectations
- 8. Company Profiles
- INTRODUCTION
- SPRING TECHNOLOGY STAFFING SERVICES
- Corporate Strategy
- Strengths and Weaknesses
- Product Developments
- New Business
- Profitability
- Table 23: Financial Results for Spring Technology Staffing Services Ltd (£000), Years Ending 31st December 2003-2005
- Future Company Developments
- ELAN IT
- Corporate Strategy
- Strengths and Weaknesses
- Profitability
- Future Company Developments
- COMPUTER PEOPLE
- Corporate Strategy
- Strengths and Weaknesses
- Brand Development
- Profitability
- Future Company Developments
- STHREE PLC
- Corporate Strategy
- Strengths and Weaknesses
- Profitability
- Table 24: Financial Results for SThree PLC (£000), Years Ending 30th November 2003-2005
- Future Company Developments
- HAYS INFORMATION TECHNOLOGY
- Corporate Strategy
- Strengths and Weaknesses
- Brand Development
- Profitability
- Future Company Developments
- VEDIOR
- Corporate Strategy
- Strengths and Weaknesses
- Profitability
- Future Company Developments
- MODIS INTERNATIONAL
- Corporate Strategy
- Strengths and Weaknesses
- New Business
- Profitability
- Table 25: Financial Results for MPS Group International PLC (£000), Years Ending 28th December 2003, 2nd January 2005 and 1st January 2006
- Future Company Developments
- ALEXANDER MANN GROUP LTD
- Corporate Strategy
- Strengths and Weaknesses
- Profitability
- Table 26: Financial Results for Alexander Mann Group Ltd (£000), Years Ending 30th September 2003-2005
- Future Company Developments
- XANSA RECRUITMENT LTD
- Corporate Strategy
- Strengths and Weaknesses
- New Business
- Profitability
- Table 27: Financial Results for Xansa Recruitment Ltd (£000), Years Ending 30th April 2004-2006
- Future Company Developments
- LORIEN RESOURCING
- Corporate Strategy
- Strengths and Weaknesses
- Profitability
- Table 28: Financial Results for Lorien PLC (£000), Years Ending 30th November 2003, 28th November 2004 and 27th November 2005
- Future Company Developments
- OTHER COMPANIES
- 9. The Future
- A POSITIVE ECONOMIC ENVIRONMENT
- KEY DRIVERS FOR FUTURE GROWTH
- Ongoing and Scheduled Projects
- The Strong Presence in the UK of IT-Intensive Industries
- Outsourcing HR
- Changing Demographics
- Globalisation of the Industry
- THE FUTURE DEMAND FOR IT WORKERS
- Table 29: Employment Projections in the Computer-Services Industries (000), 2004, 2009 and 2014
- Table 30: Projected Employment in the Computer-Services Industries by Occupational Group (000), 2004, 2009 and 2014
- Employment by Status and Gender
- Table 31: Forecast Employment in the Computer-Services Industry by Status and Sex (000 and %), 2004, 2009 and 2014
- FUTURE RECRUITMENT PROBLEMS
- FORECASTS 2007 TO 2011
- Table 32: The Forecast IT Recruitment Market by Sector by Invoiced Sales at Current Prices (£m), Years Ending December 2007-2011
- Figure 2: The Forecast IT Recruitment Market by Sector by Invoiced Sales at Current Prices (£m), Years Ending December 2002-2011
- 11. Consumer Confidence
- METHODOLOGY
- KEY FINDINGS THIS QUARTER
- THE WILLINGNESS TO BORROW
- Confidence Rebounds
- 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), August 2005-2006
- Fewer Adults Wish to Borrow
- Table B: The Number of Adults Willing to Borrow in Order to Purchase Expensive Items (000 and %), August 2005-2006
- SPENDING FROM SAVINGS
- Strong Recovery 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), August 2005-2006
- Savings Grow in Relative Importance
- Table D: The Average Amounts Adults Are Confident Spending to Purchase Expensive Items (£ and %), August 2005-2006
- 12. Further Sources
- Associations
- Publications
- General Sources
- Government Publications
- Other Sources
- Bisnode Sources
AbstractThe IT recruitment market has experienced a rollercoaster journey in the past decade, from the peaks of demand in 1999 through the turbulence of 2000 to 2003, before rising again to recovery in 2004 and continued steady growth in 2005 and 2006.
In 2004, the computer industry entered a new phase of growth, characterised by steady annual budget increases. As a result, the period 2004 to 2006 witnessed a recovery for the IT recruitment industry. Since early 2004, there has been a significant improvement in the market for permanent, and temporary and contract recruitment, spurred by new projects from firms to enhance their systems, in terms of both applications and infrastructure. Consequently, there was an increase in demand for developers and project managers throughout 2005 and 2006.
However, growth has not come without challenge, and the future will see the continuation of challenges for the industry that have emerged in recent years. In this period of growth, an IT skills shortage has remained a problem for the UK market. Agencies have found the need to build strategies for the recruitment of older workers and women as well as to operate across international markets. This has opened up new service areas, such as international recruitment and employment consultancy.
Legislation continues to be tough as demand increases. Agencies are faced with a diverse legislative environment, needing to be aware of issues related to such things as age regulations in the UK, as well as international initiatives, including the EU's Agency Workers Directive, which, although frozen in 2006, could have a marked impact on the recruitment landscape in the future.
Key Note forecasts that between 2007 and 2011, the industry will continue to see steady growth as a result of various factors, including projects scheduled for the next few years, the strong presence of IT-intensive industries in the UK and the continued trend of outsourcing human resources (HR).
Skills shortages are set to continue in the next 5 years: the demand for IT professionals will increase at the same time as the flow of younger workers into the industry will fail to keep pace with the demand. Agencies will therefore need to become increasingly creative in their recruitment and must convince clients of the value of older, female and foreign workers. Agencies will also face the problem of their client base moving away from end-user companies and towards large outsourcing operations that have stronger buying power and will increasingly look for a wider range of services from agencies.
In order to remain competitive, agencies will have to improve the range of services that they offer to their largest clients, and continue to improve their productivity to protect their margins.
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