It covers firms that are engaged in general permanent appointments, as well as executive permanent appointments.

The recession and the proceeding disappointingly slow recovery have had a devastating effect on the recruitment industry. Demand for recruitment services, especially in the permanent appointments sector of the market, has plummeted since the spring of 2008. The value of the market is now less than half of what it was in 2006. In the year to March 2010, the value of the market was £1.89bn, representing a fall of 27.6% on 2009 figures and the number of placements was 436,822, a 25% drop on the previous 12 months. A large number of recruitment firms have gone into administration or liquidation as a result of the difficult market conditions which are currently being experienced in the UK.

In 2010, public sector recruitment reduced sharply, which impacted on the industry, especially in the second half of the year. Industry sources say that the private sector created several hundred thousand jobs during 2010, but it is not clear what the real benefit has been to the recruitment industry, since a proportion of these jobs will have been filled without employing the services of recruitment firms. Despite this, the recruitment industry is optimistic about business in 2011.

Given the state of the market and the difficulty of raising extra finance there appears to have been fewer mergers and acquisition within the industry in 2010, compared to 2009. However, the industry has been subject to a high level of restructure and re-focusing of business strategy among the major firms. Another trend, which is likely to become more evident in 2011, is the expansion of the few dominant recruitment companies into higher growth markets such as Eastern Europe, Asia and Latin America.

Meanwhile, the process of recruitment is changing. Although recruitment firms are still widely used by UK organisations, they face increasing competition from clients’ own websites and from clients’ own networks, such as social media sites.

Technology is becoming much more important to the industry. For example, more advanced candidate application systems, more sophisticated management information systems and cloud computing are all seeing higher levels of usage from recruitment agencies.

Key Note is forecasting that the market’s value will rise by 3.7% in the year to March 2011 and will experience strong growth thereafter. In spite of this, market value is unlikely to return to its 2009 level of £2.61bn before 2015.

Table of Contents :

Recruitment Agencies (Permanent) 2011
Foreword
Executive Summary
Market Definition
REPORT COVERAGE
MARKET SECTORS
MARKET TRENDS
A Shrinking Market
Reduction in Salary Expectations
Many Job Vacancies Remain Unfilled
Weak Profitability
Recruitment Firms Losing Market Value
In-House Recruitment Growing
ECONOMIC TRENDS
Population
Gross Domestic Product
Inflation
Unemployment
MARKET POSITION
Market Size
THE TOTAL MARKET
By Value
By Volume
BY MARKET SECTOR
Secretarial/Clerical
Computing/IT
Hotel and Catering
Education
Nursing/Medical
Accounting and Financial
Technical and Engineering
Professional and Managerial
Drivers
Industrial/Blue Collar
Construction
Recruitment-to-Recruitment
Industry Background
RECENT HISTORY
NUMBER OF COMPANIES
EMPLOYMENT
REGIONAL VARIATIONS IN THE MARKETPLACE
HOW ROBUST IS THE MARKET?
LEGISLATION
KEY TRADE ASSOCIATIONS
Recruitment and Employment Confederation
Association of Professional Staffing Companies

For more information kindly visit :
http://www.bharatbook.com/detail.asp?id=9830&rt=Recruitment-Agencies-Permanent2011-Market-Report.html

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