Project Recruitment

Market Overview: Project Recruitment

• 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 
• The temporary recruitment segment is forecast to continue growing faster than the permanent segment as employers look for more flexibility and lower costs 
• Recruitment agencies are under increasing pressure to improve their services without increasing costs to employers
• Financial sector firms are beginning to remove their freezes on recruitment and financial recruitment specialists are reporting signs of recovery 
• Nursing is a major growth sector and accounted for 21.9% of revenue from temporary placements in 2002, more than any other single sector
• 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 
• Employers are investing heavily in their own corporate websites and increasingly using advanced technology as an effective means for recruitment
• Traditional recruitment firms are expected to make greater use of online recruitment technology to improve their offering to clients
• Major traditional firms include: Adecco, Reed, Michael Page, Hays Personnel, Manpower, Kelly Services and Blue Arrow
• Major online recruitment sites include: Monster, Fish4 Jobs, Totaljobs and Jobsite UK

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