Recruitment Consultants (Industrial Report) - UK - August 2014

EXECUTIVE SUMMARY
The market
Recruitment market growth to accelerate in 2014
Figure 1: UK market for recruitment consultants, 2010-14
Confidence in economy leads to fastest permanent placement growth in decades
Figure 2: Segmentation of the UK recruitment consultants market, by type, 2010-14
Strong growth to continue into 2015
Figure 3: Forecast UK market for recruitment consultants, 2015-19
Market factors
Vacancies rising across the board
Figure 4: Change in employment vacancies in the UK, by sector, 2013-14
Population changes to benefit temporary sector
Figure 5: UK population projection, by age group, 2012 and 2017
Skills shortages growing in manufacturing and business service sectors
Figure 6: Skills shortage vacancies (SSVs) in the UK, by sector, 2013
Companies
Impellam targeting acquisitive growth
Page Group expanding UK consultant team
What we think
INTRODUCTION
Issues in the market
Definitions
Methodology
Abbreviations
Market positioning
The supplier
The customer
UK ECONOMY
Inflation
Interest rates
Business investment
MARKET FACTORS
Economic conditions
Technological change
Socio-economic trends
Legislation
MARKET SIZE
Key points
Expansion of 8% expected in 2014
Figure 7: UK market for recruitment consultants, 2010-14
End of the buyers market in 2014?
Broad-based recovery secures growth in recruitment demand
Skills shortages boost niche recruitment markets
MARKET SEGMENTATION
Key points
Firms increasing capacity and rising wage rates boost temp sector
Permanent placements benefit from greater economic certainty
Figure 8: Segmentation of the UK recruitment consultants market, by type, 2010-14
Professional placements rise while demand for administrative roles falls
Figure 9: Segmentation of the UK recruitment consultants market, by placement sector, 2014
MARKET TRENDS
Key points
Job vacancies climbing sharply
Figure 10: Number of employment vacancies in the UK, 2009-14
Figure 11: Change in employment vacancies in the UK, by sector, 2013-14
Recruiters’ prices climb in sectors affected by skills shortages
Figure 12: Employment agencies price index, 2010-13
Manufacturing and IT among sectors affected by lack of skilled professionals
Figure 13: Skills shortage vacancies (SSVs) in the UK, by sector, 2013
Figure 14: Working visas issued by the UK government, 2009-13
Working population aged over 45 to rise significantly to 2017
Figure 15: UK population projection, by age group, 2012 and 2017
Self-employment continues to drive increases in the number of people working
Figure 16: Part-time and full-time workers in the UK, 2010-14
INDUSTRY DEVELOPMENT
Key points
Insolvency cases decline through 2013 and first half of 2014
Acquisition trends reflect growth sectors of the market
Continued growth in the size of the sector fuelled by new market entrants
Figure 17: Analysis of the changes in the structure of the labour recruitment/provision of personnel industry, 2009-13
Figure 18: Analysis of the employment placement agencies sector, 2009-13
Figure 19: Analysis of the temporary employment agency activities sector, 2009-13
Figure 20: Analysis of the human resources provision and management of human resources functions sector, 2009-13
Figure 21: Analysis of the financial structure of the labour recruitment/provision of personnel industry, 2009 and 2013
Figure 22: Analysis of the financial structure of the employment placement agencies sector, 2009 and 2013
Figure 23: Analysis of the financial structure of the temporary employment agency activities sector, 2009 and 2013
Figure 24: Analysis of the financial structure of the human resource provision and management of human resources functions sector, 2009 and 2013
Figure 25: Analysis of the employment structure of the labour recruitment/provision of personnel industry, 2009 and 2013
Figure 26: Analysis of the employment structure of the other activities of employment placement agencies sector, 2009 and 2013
Figure 27: Analysis of the employment structure of the temporary employment agency activities sector, 2009 and 2013
Figure 28: Analysis of the employment structure of the human resources provision and management of human resources functions sector, 2009 and 2013
ADECCO UK
Recent company activity
Figure 29: Financial analysis of Adecco UK, 2008-12
ADVANTAGE PROFESSIONAL
Recent company activity
Figure 30: Financial analysis of Advantage Professional UK, 2008-12
HAYS SPECIALIST RECRUITMENT
Recent company activity
Figure 31: Financial analysis of Hays Specialist Recruitment, 2009-13
IMPELLAM GROUP
Recent company activity
Figure 32: Financial analysis of Impellam Group, 2009-13
Figure 33: Financial analysis of Impellam Group, by business segment, 2009-13
KELLY SERVICES (UK)
Recent company activity
Figure 34: Financial analysis of Kelly Services (UK), 2008-12
MANPOWER
Recent company activity
Figure 35: Financial analysis of Manpower UK, 2008-12
PAGE GROUP/MICHAEL PAGE INTERNATIONAL RECRUITMENT
Recent company activity
Figure 36: Financial analysis of PageGroup revenues, by geographical segment, 2009-13
Figure 37: Financial analysis of Michael Page International Recruitment, 2008-12
PERTEMPS RECRUITMENT PARTNERSHIP
Recent company activity
Figure 38: Financial analysis of Pertemps Recruitment Partnership, 2008-12
REED SPECIALIST RECRUITMENT
Figure 39: Financial analysis of Reed Specialist Recruitment, 2009-13
SPRING GROUP
Hy-phen.com
Figure 40: Financial analysis of hy-phen.com, 2008-12
Spring Personnel
Figure 41: Financial analysis of Spring Personnel, 2008-12
FORECAST
Key points
Market size
Figure 42: Forecast UK market for recruitment consultants, 2015-19
Candidate-led market will support value growth and generate demand for talent sourcing
Consumer service staff and graduates will be in demand
Market segmentation
Figure 43: Forecast segmentation of the UK recruitment consultants market, by type of placement, 2015-19
Long-term employment patterns will boost temp sector
Permanent placements to accelerate in short term
Industry
Recruitment process outsourcing growth to continue
Agencies to face increased competition from recruitment research companies
FURTHER SOURCES AND CONTACTS
Trade associations
Trade magazines