Table of Contents
Executive Summary
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- The market
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- Figure 1: UK Market for Recruitment, £ billion, 2012-2016 actual and 2017-2021 Forecast
- Market segmentation
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- Figure 2: Segmentation of the Recruitment Market, £ billion, 2012-2016
- Market factors
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- Figure 3: Vacancies and Unemployment, 000, 2012-2016
- Figure 4: Vacancies by Industry, 000, March-May 2016
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- Figure 5: Skill-shortage Vacancies, by Industry sector, % of overall Vacancies, 2015
- Companies
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- Figure 6: UK Employment in Occupational Categories, 000 and % change, 2014, 2019 & 2024
- What we think
Key Insights
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- What are skills shortages in the recruitment industry?
- How is the government looking to combat this?
- How can the recruitment industry accommodate future changes in the employment structure?
- Does Brexit represent a threat to the industry?
- What possible negative implications could this decision have?
- What possible positive implications could this decision have?
Introduction
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- Issues in the market
- Definitions
- Methodology
- Abbreviations
Market Positioning
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- The supplier
- The customer
UK Economy
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- Key points
- Overview
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- Figure 7: UK GDP, 2006-2016, (% Quarterly Growth and GDP in £ Billion)
- Figure 8: UK Output, by Industry, 2008-2016, (Index 2013 = 100)
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- Figure 9: Quarters after GDP Peak, 1979, 1990 and 2008, (Number of Quarters and GDP as % of PreDownturn Peak)
- Inflation
- Interest rates
- House prices
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- Figure 10: UK House Price changes, 2006-2016, (12-month % change)
- Consumer spending
- Manufacturing
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- Figure 11: UK Manufacturing, 2014-16, (Index, 2013 = 100)
- Business investment
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- Figure 12: UK GFCF 2005-15, (£ Million)
- Imports
- Exports
Market Factors
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- Key points
- Employment levels
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- Figure 13: Financial Analysis of UK Employment Levels, 2008-16, (000)
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- Figure 14: UK Employment Rate, % of Working-age Population that is employed, 2011-2016
- Economic conditions
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- Figure 15: Recruitment Market Growth & GDP, £ billion and % change, 2012-2016
- Figure 16: UK Economic Development compared to other leading EU Countries, GDP, 2011-2015
- EU Referendum
Market Size
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- Key points
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- Figure 17: UK Recruitment Market, £ billion and % change, 2012-2016
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- Figure 18: UK Recruitment Market, £ billion and % change, 2012-2016
- Public sector employment
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- Figure 19: Total UK Public Sector Employment, millions and % change, March 2012-2016
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- Figure 20: Total UK Public Sector Employment, millions and % change, March 2012-2016
- Figure 21: Proportion of Total Employment employed in Public Sector, by Region, %, March 2016
- Figure 22: Proportion of Total Employment employed in Public Sector, by Region, %, March 2016
Market Segmentation
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- Key points
- Temporary recruitment continues to dominate the industry
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- Figure 23: Overall Recruitment, by type, £ billion, 2012-2016
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- Figure 24: Overall Recruitment, by type, £ billion, 2012-2016
- Temporary and contract staff prove essential to almost every sector
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- Figure 25: Segmentation of Temporary and Contract Employment through Recruitment, % by volume, 2015
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- Figure 26: Segmentation of Temporary and Contract Employment through Recruitment, % by volume, 2015
- Significant diversity in permanent employment
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- Figure 27: Segmentation of Permanent Employment through Recruitment, % by volume, 2015
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- Figure 28: Segmentation of Permanent Employment through Recruitment, % by volume, 2015
Market Trends
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- Key points
- Job vacancies
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- Figure 29: Vacancies by Industry, 000, March-May 2016
- Figure 30: Vacancies & Unemployment, 000, and Number of Unemployed People per Vacancy, 2012-2016
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- Figure 31: Vacancies by size of Business, 000, 2014-2016
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- Figure 32: Vacancies by size of Business, 000, 2014-2016
- Skills shortages
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- Figure 33: Skill Shortage Vacancies as a % of Vacancies, by Country over Time, 2011, 2013 and 2015
- Figure 34: Skill Shortage Vacancies, by Sector, as a % of overall Vacancies, 2015
- Figure 35: Skill Shortage Vacancies by Sector, as a % of overall Vacancies, 2015
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- Figure 36: Technical/Practical Skills lacking among Applicants, % of Feedback, 2015
- Figure 37: Technical/Practical Skills lacking among Applicants, % of Feedback, 2015
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- Figure 38: Productivity, GDP per hour worked, G7 Countries, 2015
- Figure 39: Productivity, GDP per hour worked, G7 Countries, 2015
- Broader challenges to recruitment
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- Figure 40: Main non-skills related causes of having hard-to-fill vacancies, % of Feedback, 2015
- Figure 41: Main non-skills related causes of having hard-to-fill Vacancies, % of Feedback, 2015
The Consumer
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- Key points
- Nearly one-third of consumers have started a new job in the last 5 years
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- Figure 42: Recent New Job, by Age, April 2016 (% of respondents that answered yes)
- Differences between Industry and Employment Structure
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- Figure 43: Employment Contract, April 2016 (% of respondents that answered yes)
- The majority of job applications bypass the recruitment industry
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- Figure 44: Job Searching Technique, April 2016 (% of users)
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- Figure 45: Job Applications, April 2016 (% of users that answered yes)
- Where does the demand reside?
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- Figure 46: Job Application, by level of Education, April 2016 (% of users that had taken a new job in the last 5 years)
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- Figure 47: Job Application, by Job Sector, April 2016 (% of users that had taken a new job in the last 5 years)
- Could recruiters be more active in contacting candidates?
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- Figure 48: Contact Method, April 2016 (% of respondents that applied for jobs through a recruitment agency)
Industry Structure
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- Key points
- Industry development
- Development by industry structure
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- Figure 49: Total Recruitment Industry, by Industry Structure, % change, 2011-2015
- Figure 50: Activities of Employment Placement Industries, by Industry Structure, % change, 2011-2015
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- Figure 51: Temporary Employment Agency Activities, by Industry Structure, % change, 2011-2015
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- Figure 52: Human Resources Provisions, by Industry Structure, % change, 2011-2015
- Development by turnover
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- Figure 53: Total Recruitment Industry, by Turnover, % change, 2014-2015
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- Figure 54: Activities of Employment Placement Industries, by Turnover, % change, 2014-2015
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- Figure 55: Temporary Employment Agency Activities, by Turnover, % change, 2014-2015
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- Figure 56: Human Resources Provision, by Turnover, % of Total, 2014-2015
- Development by employment
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- Figure 57: Total Recruitment Industry, by Employment, % of Total, 2014-2015
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- Figure 58: Activities of Employment Placement Industries, by Industry Structure, % of Total, 2010-2015
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- Figure 59: Temporary Employment Agency Activities, % of Total, 2014-2015
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- Figure 60: Human Resources Provision, by Employment, % of Total, 2014-2015
Company Profiles
Adecco Holdings
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- Figure 61: Financial Analysis of Adecco Holdings, 2011-15, (£ 000)
- Company strategy:
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Advantage Resourcing UK
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- Figure 62: Financial Analysis of Advantage Resourcing Data, 2010-14, (£ 000)
- Company strategy
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Hays
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- Figure 63: Financial Analysis of Hays Data, 2010-15, (£ 000)
- Company strategy
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Impellam Group UK
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- Figure 64: Financial Analysis of Impellam Group Data, 2011-16, (£ 000)
- Company strategy
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Kelly Services (UK)
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- Figure 65: Financial Analysis of Kelly Services (UK), 2010-14, (£ 000)
- Company strategy
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Manpower UK
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- Figure 66: Financial Analysis of Manpower UK, 2010-14, (£ 000)
- Company strategy
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PageGroup
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- Figure 67: Financial Analysis of PageGroup, 2010-14, (£ 000)
- Company strategy
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Pertemps Recruitment Partnership
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- Figure 68: Financial Analysis of Pertemps Recruitment Partnership, 2010-14, (£ 000)
- Company strategy
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Reed
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- Figure 69: Financial Analysis of Reed Specialist Recruitment, 2010-15, (£ 000)
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- Figure 70: Financial Analysis of Reed Online, 2010-15, (£ 000)
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- Figure 71: Financial Analysis of Reed Learning, 2010-15, (£ 000)
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- Figure 72: Financial Analysis of Reed in Partnership, 2010-15, (£ 000)
- Company strategy
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SThree
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- Figure 73: Financial Analysis of SThree, 2011-15, (£ 000)
- Company strategy
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Robert Walters
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- Figure 74: Financial Analysis of Robert Walters, 2010-15, (£ 000)
- Company strategy
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Forecast
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- Key points
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- Figure 75: Forecast UK Market for Recruitment, £ billion, % change, 2017-2021
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- Figure 76: Forecast UK Market for Recruitment, £ billion, % change, 2017-2021
- Employment forecasts
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- Figure 77: Forecast Labour Market, Employment in millions, % change, 2016-2020
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- Figure 78: Forecast Labour Market, Employment in millions, % change, 2016-2020
- Decline of traditional lines of work
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- Figure 79: UK Employment in Occupational Categories, 000 and % change, 2014, 2019 & 2024
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- Figure 80: UK Employment in Occupational Categories, 000, 2014, 2019 & 2024
- Uncertainty from Brexit
- Consolidation of social media and e-recruitment
Further Sources and Contacts
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