Subscription

Service

Need more than one report? Subscribe to Key Note today for immediate access to market research, company information, a unique bespoke report generator and our easy to use sales leads builder. Request a free online demo

Key Note Media Centre

Press Releases

Permanent Recruitment Sector Bounces Back After Two Years of Contraction...

Article Date

08
08
12

The UK permanent recruitment industry resumed growth in 2010/2011 after contracting for 2 years in 2008/2009 and 2009/2010. In a new Market Report -- Recruitment Agencies (Permanent) -- market intelligence provider Key Note forecasts that the value of the permanent recruitment market will grow by 3.9% in 2011/2012, but is unlikely to return to pre-recession levels before 2016.

The recruitment industry is now much smaller than it was before the recession, with fewer companies operating in the market; skills shortages in some sectors (such as engineering) remain an ongoing problem for recruitment agencies. A recent study on the recruitment sector recorded a higher percentage of recruitment firms naming a shortage of skills or experienced candidates as a more serious issue than economic conditions.

In the year ending March 2011, the value of the permanent recruitment market and the number of permanent placements made increased by 37% and 38.3%, respectively, compared with the previous 12 months. In 2010/2011, the secretarial/clerical sector accounted for the highest share of permanent staff placements, while the professional/managerial sector, on top of the list in the previous year, fell to third place. Most sectors witnessed an increase in demand in 2010/2011, especially jobs in the secretarial/clerical and accounting/financial sectors.

Overall, the immediate outlook for the permanent staff recruitment market appears better than it was for 2009/2010; however, Key Note suggests that a strong recovery in the sector is unlikely as companies continue to be cautious and are reluctant to create a large number of new positions.

View FREE Executive Summary & Table of Contents for Recruitment Agencies (Permanent) Market Report 2012