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Published by: Key Note Publications Ltd
Published: Jan. 1, 2008 - 92 Pages
Table of Contents
- Executive Summary
- 1. Market Definition
- report coverage
- MARKET SECTORS
- Temporary Workers
- Contract Workers
- Recruitment Sectors
- MARKET TRENDS
- ECONOMIC TRENDS
- Population
- Table 1: UK Resident Population Estimates by Sex (000), Mid-Years 2002-2006
- Gross Domestic Product
- Table 2: UK Gross Domestic Product at Current and Annual Chain-Linked Prices (£m), 2002-2006
- Inflation
- Table 3: UK Rate of Inflation (%), 2002-2006
- Unemployment
- Table 4: Actual Number of Unemployed Persons in the UK (million), 2002-2006
- MARKET POSITION
- Table 5: The Temporary and Contract Staff Recruitment Market's Share of the Overall Recruitment Market by Turnover (£bn and %) Years Ending March 2003-2007
- 2. Market Size
- THE TOTAL MARKET
- By Value
- Table 6: The Total Temporary and Contract Staff Recruitment Market by Turnover (£bn), Years Ending March 2003-2007
- Figure 1: The Total Temporary and Contract Staff Recruitment Market by Turnover (£bn), Years Ending March 2003-2007
- By Volume
- Table 7: Number of Temporary and Contract Placements, Years Ending March 2003-2007
- BY MARKET SECTOR
- Accountancy/Financial
- Computing/IT
- Construction
- Drivers
- Education
- Hotel/Catering
- Industrial/Blue Collar
- Nursing and Other Medical
- Professional/Managerial
- Secretarial/Clerical
- Technical/Engineering
- 3. Industry Background
- RECENT HISTORY
- NUMBER OF COMPANIES
- Table 8: Number of UK VAT-based Enterprises Engaged in Labour Recruitment and the Provision of Personnel by Turnover Sizeband, 2004-2007
- EMPLOYMENT
- Table 9: Number of UK VAT-Based Enterprises Engaged in Labour Recruitment and the Provision of Personnel by Employment Sizeband, 2004-2007
- REGIONAL VARIATIONS in the marketplace
- How Robust is the Market?
- LEGISLATION
- Fixed-Term Employees (Prevention of Less Favourable Treatment) Regulations
- Data Protection Codes
- Holiday Pay
- Working Time Regulations
- Family-Friendly Policies
- Anti-Discrimination Legislation
- Minimum-Wage Legislation
- key TRADE ASSOCIATIONS
- Recruitment and Employment Confederation
- Association of Technology Staffing Companies
- 4. Competitor Analysis
- THE MARKETPLACE
- Table 10: The Top 20 UK Recruitment Companies Ranked by Turnover from Recruitment Activities, 2007
- Table 11: The Top Ten UK Recruitment Companies by Number of Temporary/Contract Workers, 2007
- MARKET LEADERS
- Table 12: Leading UK Recruitment Agencies by Total Turnover (£m) 2005/2006
- Adecco Holdings (UK) Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Allied Healthcare Group Ltd
- Structure
- Current and Future Developments
- Financial Results
- The Best Connection Group Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- The Capita Group PLC
- Company Structure
- Current and Future Developments
- Financial results
- Carlisle Group PLC
- Company Structure
- Current and Future Developments
- Financial Results
- The Corporate Services Group PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Hays PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Kelly Services (UK) Ltd
- Structure
- Current and Future Developments
- Financial Results
- Manpower PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Modis Professional Services Group International PLC
- Company Structure
- Current and Recent Developments
- Financial Results
- Morson Group PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Pertemps Group Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Pinnacle Staffing Group PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Randstad Employment Bureau Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Right4staff Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Rullion Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Spring Group PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Vedior NV
- Company Structure
- Current and Future Developments
- Financial Results
- Other Companies
- Main Media Advertising
- Table 13: Advertising Expenditure of the UK Recruitment Industry (£000), Years Ending September 2004-2007
- 5. Strengths, Weaknesses, Opportunities and Threats
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
- 6. Buying Behaviour
- Reasons for hiring temporary and contract staff
- Reasons for using recruitment agencies
- 7. Current Issues
- MARKET CONDITIONS
- EXECUTIVE SEARCH
- CORPORATE ACTIVITY
- RECRUITMENT AND RETENTION TRENDS
- CHANGES IN HR STRATEGY AND PERSONNEL
- Whether to outsource
- ONLINE RECRUITMENT
- 8. The Global Market
- the largest markets — the us and the uk
- Europe
- Global Market Size
- 9. Forecasts
- Introduction
- The Economy
- Table 14: UK Economic Forecasts (000, % and million), 2007-2011
- FORECASTs 2008 to 2011
- Table 15: The Forecast UK Temporary and Contract Staff Recruitment Market by Value (£bn), Years Ending March 2008-2012
- Market Growth
- Figure 2: Growth in the Total UK Temporary and Contract Staff Recruitment Market by Value (£bn), Years ending March, 2003-2012
- Future trends
- 10. Company Profiles
- Allied Healthcare Group Ltd
- The Best Connection Group Ltd
- The Capita Group Plc
- The Corporate Services Group Plc
- Hays Plc
- Kelly Services (uk) Ltd
- Randstad Employment Bureau LTd
- Spring Group Plc
- 11. Further Sources
- Associations
- Publications
- General Sources
- Government Publications
- Other Sources
- Bisnode Sources
AbstractThis Key Note Market Report analyses the UK market for temporary and contract recruitment. It covers those organisations — such as recruitment consultancies, recruitment companies and employment agencies — that recruit on behalf of clients searching for temporary positions. At present, the market's turnover is at a record high, but it faces many challenges to remain in this position of strength. The market for temporary and contract workers was worth £23.2bn in the year to March 2007, according to the Recruitment & Employment Confederation (REC). This represents a rise of 7.4% on the previous year. 2007 was a good year for the market, and the so-called `credit crunch' does not yet appear to have affected recruitment firms. Overall, the market has become a candidates' market, with applicants appearing to be more selective than ever before, moving from one recruitment firm to another to obtain the best deal.
The market is split into two main sectors, temporary recruitment and contract recruitment. However, there are no industry or government statistics that supply separate figures for these two sectors. Therefore — although definitions for these two sectors are provided (see Chapter 1 — Market Definition) — for the purpose of this Key Note Market Report, the market is divided into 11 economic and professional sectors. These sectors are: accounting/financial; computing/IT; construction; drivers; education; hotel/catering; industrial/blue collar; nursing and other medical; professional/managerial; secretarial/clerical; and technical/engineering.
There were many acquisitions and mergers in 2007, and these have included private-equity ventures. It was also a good year for new independent firms. Although most of the big firms in the top 20 are managing well in this new expanding market, there are signs that some of them are losing market share and profit margins.
Profitability in the industry as a whole is coming under pressure. There is still concern about the Agency Workers Directive, which has been floated once again by the European Commission. The continuing tax changes for contractors are another area of concern.
However, the major issue is candidate shortage. A significant change is taking place in the composition of the UK workforce, which was becoming evident several years ago, which means there are skills shortages in several UK industries. Temporary or contract work answers this need to some extent, but there are shortages even in the number of suitably skilled and qualified temporary and contract workers.
Key Note forecasts steady growth in the market between 2008 and 2012. However, recruitment firms are facing increasing costs pressures and more competition, and there are still some doubts about just how much the economy will grow in 2008. Although there is no doubt that the market will grow, this growth might be lower than expected.
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