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The UK recruitment market is highly fragmented, consisting of 15-20 major companies with a market share of 16-25% and several thousand small/niche consultancies |
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The temporary recruitment segment is forecast to continue growing faster than the permanent segment as employers look for more flexibility and lower costs |
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Recruitment agencies are under increasing pressure to improve their services without increasing costs to employers |
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Financial sector firms are beginning to remove their freezes on recruitment and financial recruitment specialists are reporting signs of recovery |
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Nursing is a major growth sector and accounted for 21.9% of revenue from temporary placements in 2002, more than any other single sector |
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The addition of 7 new member states into the EU in May 2004 is expected to inject several thousand skilled workers into the UK labour market |
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Employers are investing heavily in their own corporate websites and increasingly using advanced technology as an effective means for recruitment |
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Traditional recruitment firms are expected to make greater use of online recruitment technology to improve their offering to clients |
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Major traditional firms include: Adecco, Reed, Michael Page, Hays Personnel, Manpower, Kelly Services and Blue Arrow |
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Major online recruitment sites include: Monster, Fish4 Jobs, Totaljobs and Jobsite UK |
